The Transcatheter Aortic Valve Replacement Global Market Report 2023, provides comprehensive information on the transcatheter aortic valve replacement market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Transcatheter Aortic Valve Replacement Global Market Report 2023, the market size is expected to grow from $4.03 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of transcatheter aortic valve replacement market is expected to reach $7.76 billion in 2027 at a CAGR of 13.7%.
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Product innovation is a key trend gaining traction in the transcatheter aortic valve replacement (TAVR) market. Companies operating in the transcatheter aortic valve replacement sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in August 2021, Medtronic, a US-based medical device company, got approval for its Evolut FX TAVR system from U.S. Food and Drug Administration (FDA), a US-based federal agency. Evolut FX TAVR system is the newest-generation, self-expanding transcatheter aortic valve replacement system designed to enhance ease of use and provide greater precision and control throughout the procedure. The Evolut FX system uses the same supra-annular valve design that has been found to outperform surgical aortic valve replacement (SAVR) in large-scale, randomized clinical trials. The Evolut FX system includes a modified catheter tip for a smoother insertion profile and a more flexible delivery system with 360-degree freedom of motion and reliable, predictable deployment. Like its predecessor (Evolut PRO+), the new system has four-valve sizes for the greatest indicated patient treatment range and the lowest delivery profile currently available.
The transcatheter aortic valve replacement market is segmented:
1) By Product: Self-Expandable Transcatheter Aortic Valves, Balloon-Expandable Transcatheter Aortic Valves, Mechanically Expanded Transcatheter Aortic Valves
2) By Material: Valve Frame Material, Valve Leaflet Material
3) By Procedure: Transfemoral Implantation, Transapical Implantation, Transaortic Implantation
4) By Application: Aortic Stenosis, Aortic Regurgitation, Other Applications
5) By End-User: Hospitals, Independent Cardiac Catheterization Labs, Ambulatory Surgical Centers, Other End-Users
North Americawas the largest region in the transcatheter aortic valve replacement market in 2022.
The table of contents in TBRC’s transcatheter aortic valve replacement market report includes:
1. Executive Summary
2. Transcatheter Aortic Valve Replacement Market Characteristics
3. Transcatheter Aortic Valve Replacement Market Trends And Strategies
4. Transcatheter Aortic Valve Replacement Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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31. Transcatheter Aortic Valve Replacement Market Other Major And Innovative Companies
32. Global Transcatheter Aortic Valve Replacement Market Competitive Benchmarking
33. Global Transcatheter Aortic Valve Replacement Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Transcatheter Aortic Valve Replacement Market
35. Transcatheter Aortic Valve Replacement Market Future Outlook and Potential Analysis
36. Appendix
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