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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Aortic Valve Replacement Devices Market Share
Based on surgery type, minimally invasive surgery accounts for a significant share of the market
Minimally invasive aortic valve replacement surgeries are preferred by people and healthcare professionals as they prevent excess blood loss during the surgery, involve a lower risk of infection, and leave relatively fewer scars on the patient's body as they involve smaller chest incisions compared to open-heart surgery.
Minimally invasive heart surgeries are associated with benefits like a shorter hospital stay, and faster recovery, and are less painful than the traditional methods.
Open-heart aortic valve replacement surgeries are advisable for patients who need to undergo multiple coronary bypass processes or complex cardiovascular operations.
Based on product type, TAVR significantly contributes to the global aortic valve replacement devices market revenue
The enhanced safety and fast recovery times offered by TAVR (transcatheter aortic valve replacement) have boosted its utilisation as an effective treatment for severe aortic stenosis among geriatric patients. Innovations in the design of valve prosthesis and technological advancements in its haemodynamic performance, along with the availability of data based on trials to establish the efficacy of TAVR, are expected to widen the scope of TAVR in low-risk and immediate patient groups.
Aortic Valve Replacement Devices Market Report Snapshots
Aortic Valve Replacement Devices Market Size
Aortic Valve Replacement Devices Market Growth
Aortic Valve Replacement Devices Market Trends
Aortic Valve Replacement Devices Market Share
Aortic Valve Replacement Devices Companies
Aortic Valve Replacement Devices Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 8.99 billion in 2023.
The market is estimated to witness a CAGR of 6.5% during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 15.98 billion by 2032.
The surgical procedures include open surgery and minimally invasive surgery.
The key regional markets for aortic valve replacement devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The product types include transcatheter aortic valve and sutureless aortic valve replacement (SUAVR).
The key factors driving the market include increasing geriatric population, increased government funding, and improving healthcare infrastructure and services.
The key players in the market include Boston Scientific Corporation, Corcym S.r.l, Edwards Lifesciences Corporation, Medtronic plc, Artivion, Inc., and Abbott Laboratories, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124