Cardiac Valve Market Analysis
Global cardiac valve market is likely to touch USD 13355.2 million at an 11.6% CAGR between 2019- 2025, according to the recent report by Market Research Future (MRFR). The human heart comprises four valves. When the blood enters the heart first, this passes via the tricuspid valve, followed by the pulmonary valve. It then returns from the lungs and passes through the mitral valve. Finally, it exists through the aortic valve as the heart valve is a one-way valve. Mechanical heart valve, tissue heart valve, transcatheter heart valve, and others are the different types of cardiac valves. Some of its different treatments include valve repair, valve replacement, and others. Owing to its alluring features and benefits, cardiac valves are widely used in hospitals and clinics, cardiac research institute, and others
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Various factors are adding to the global cardiac valve market growth. Such factors, according to the new MRFR report, include the excessive use of alcohol and tobacco, increasing geriatric population, adoption of deskbound lifestyle, rising prevalence of obesity and diabetes, increase in cardiac surgery, and rising cases of cardiovascular diseases. Additional factors adding market growth include the increasing number of valve replacements, growing development in the medical technology, and wide applications to treat different cardiac diseases.
On the contrary, high treatment costs may hamper the global cardiac valve market growth over the forecast period.
Cardiac Valve Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global cardiac valve market report based on end users, treatment, diseases, and types.
By types, the global cardiac valve market is segmented into mechanical heart valve, tissue heart valve, trans-catheter heart valve, and others.
By disease, the global cardiac valve market is segmented into mitral valve stenosis, heart valve disease, aortic valve replacement, and others.
By treatment, the global cardiac valve market is segmented into valve repair, valve replacement, and others.
By end users, the global cardiac valve market is segmented into hospitals and clinics, cardiac research institute, and others.
Cardiac Valve Market Regional Analysis
Based on the region, the cardiac valve market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the Americas is likely to lead the market over the forecast period. Factors adding to the cardiac valve market report in the region include the presence of a well-established healthcare sector, increasing use of cardiac devices, and increasing cases of cardiac diseases. Besides, the growing geriatric population is also adding market growth in the region.
The cardiac valve market in Europe is predicted to have the second-largest share over the forecast period. Factors adding to the cardiac valve market report in the region include growing demand for effective cardiovascular disorders treatment solutions, technological advances, increasing initiatives for heart patients by insurance companies, and rising funding for the healthcare sector by the government. Germany is the chief contributor in the region.
The cardiac valve market in the APAC region is predicted to grow at a fast pace over the forecast period for increasing medical tourism, changing lifestyles, and rising geriatric population. Countries in this region are using advanced treatment options that are also adding market growth. India, China, and Japan are the chief contributors in the market.
The cardiac valve market in the MEA is predicted to have the smallest share over the forecast period for the low economic development in Africa.
Cardiac Valve Market Key Players
Leading players profiled in the global cardiac valve market report include TTK HealthCare, JenaValve Technology, Inc., Colibri Heart Valve, CryoLife, Inc, Abbott, LivaNova PLC, Boston Scientific Corporation, Edwards Lifesciences Corporation, and Medtronic. Industry players have incorporated strategies such as contracts, mergers, acquisitions, geographic expansions, and collaborations to stay ahead in the competition.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3. RESEARCH METHODOLOGY
3.1. Overview
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
5. MARKET FACTOR ANALYSIS
…TOC Continued…
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