Prosthetic Heart Valve Market To Report Lucrative Growth And Can Attain USD 5,302.1 Million By 2021

The presence of leading market companies in the worldwide prosthetic heart valve market results in strong competition. The firms implement plans such as growth and product modernization. The top contenders in the global market include Perouse Medical, Edwards Lifesciences LLC, Direct Flow Medical, Inc., Cytograft Tissue Engineering, Inc. (CTE), Sorin Group, St. Jude Medical Inc., and Colibri Heart Valve, LLC.

According to analysts from Zion Market Research, the worldwide prosthetic heart valve market recorded USD 3,138.4 Million during 2015. The worldwide prosthetic heart valve market is forecasted to attain USD 5,302.1 Million by the end of 2021 and during 2016–2021 it is projected to advance by a CAGR with 9.10%.

This review is based on a report by Zion Market Research, titled “Prosthetic Heart Valve Market by Type (Transcatheter, Tissue, and Mechanical): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at https://www.zionmarketresearch.com/report/prosthetic-heart-valve-market 

Surging Technological Advancements And Growing Elderly Population To Spur The Progress Of The Global Prosthetic Heart Valve Market

As stated by the analysts from Zion Market Research, the mounting incidence of heart disorders stimulates the worldwide prosthetic heart valve market. The advancing technological developments and increasing elderly population drive the expansion of the prosthetic heart valve market. The factors like strong competition among the key players lead to superior R&D for innovated products, stimulating the global prosthetic heart valve market. Besides this, the administrative support and funds for the development of healthcare industry also promoted the need for prosthetic heart valve market worldwide. Conversely, guidelines forced by the administration in particular regions for tissue valve and the high cost of valve replacement treatment can impact the expansion of the prosthetic heart valve market globally.

However, the rising need for minimal invasion procedures for heart valve replacement as well as the untapped prospects in the up-and-coming nations is projected to unlock new regions for the worldwide prosthetic heart valve market in the future. Further, the growing R&D by different organizations also spurs the global prosthetic heart valve market. For instance, during August 2018, mono antiplatelet drug treatment after heart valve replacement operation reported potential results. One antiplatelet drug treatment following heart valve operation was seen to work better rather than 2 antiplatelet drug therapies. This research was carried by scientists at Loyola Medicine.

Rising Need For Tissue Heart Valve Replacement Boosts The Progress Of Prosthetic Heart Valve Market Across North America

The global prosthetic heart valve market was dominated by North America during 2015. This progress was chiefly accredited by the change in preference for the minimally invasive surgical operations and increasing frequency of heart valve diseases. Additionally, the rising need across the U.S for tissue heart valve replacement prompts the advancement of the prosthetic heart valve market across North America. The Asia-Pacific region is believed to be the fastest developing zone for the worldwide prosthetic heart valve market and is expected to maintain its position in the future.

This report segments the prosthetic heart valve market as follows:

Prosthetic Heart Valve Market: Type Segment Analysis

• Transcatheter valve 
• Tissue valve
• Mechanical valve

Prosthetic Heart Valve Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany 
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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