Published Date : May 28, 2018
Albany, New York, May 28, 2018: Transcatherer aortic valve replacement (TAVR) is touted by experts as a radical innovation in the field of cardiovascular surgery and interventional cardiology. While surgical aortic valve replacement continues to be a standard procedure, it is considered unsuitable for almost 30% of the patients either because of their advanced age or due to multiple comorbidities. TAVR however offers less invasive treatment options and also promises better outcome. This is identified as a chief driver of the global transcatheter aortic valve replacement market. A report, titled “Global Transcatheter Aortic Valve Replacement (TAVR) Market (Value, Volume): Analysis By Type of Approach (Transfemoral, Transapical), By Region, By Country (2018 Edition): Forecast to 2023 - By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Germany, France, United Kingdom, India, Japan China, Brazil, South Africa),” recently added to MarketResearchReports.biz offers insights into the key factors boosting the market. It includes market intelligence backed by information derived from trusted industrial sources and is intended to offer a comprehensive overview of the global transcatheter aortic valve replacement market.
The demand for transcatheter aortic valve replacement has significantly increased over the last few years in response to the increasing pool of geriatric population. Besides this, the rising demand for minimally invasive procedures and approvals to new devices will aid the market’s expansion. According to the report, healthcare expenditure has sizably amplified especially in developing economies, which paves for the market’s growth. Almost 70% to 80% of the total number of TAVR cases are conducted through transfemoral retrograde, which makes it e a leading segment. Furthermore, the report projects the segment to remain dominant through the course of its forecast period.
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Regionally, North America held lead in the global transcatheter aortic valve replacement market in 2018. In addition to this, Asia Pacific is expected to show lucrative opportunities for the market in the coming years. The rising healthcare expenditure and the increasing penetration of technologically advanced therapies will aid the market’s expansion in Asia Pacific.
Among various factors enabling growth in developing economies, growing awareness about minimally invasive surgeries such as faster recovery and reduced hospital stay is the chief driver. Coupled with this, the market is forecast to benefit from the rising detection of AAA. Moreover, technological advancements witnessed in the last few years have considerably aided in the market’s expansion. In addition to this, the rising aging population especially in developed markets such as the US, Japan, and Europe will boost growth opportunities for the market. On the downside, the high cost associated with transcatheter aortic valve replacement often restraints the market’s scope for growth. The report includes a detailed overview of various factors impacting the market’s trajectory. Besides this, it also profiles some of the leading players in the global transcatheter aortic valve replacement market.
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