Transcatheter aortic valve implantation (TAVI), also called as transcatheter aortic valve replacement (TAVR), is a minimally invasive surgical procedure, wherein a diseased aortic valve is replaced with artificial valve through blood vessels. The procedure is designed to treat high-risk patients suffering from aortic stenosis. These high-risk patients refer to the patient population that are either inoperable or unfit to undergo surgical aortic valve replacement (SAVR) procedure.
The older population (above 75 years of age) falls under the high-risk category, as the open heart surgery is too risky for them. TAVI involves implantation of transcatheter aortic valves to regenerate the blood circulation ability of the aortic valve.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
The world TAVI market is driven by the rise in geriatric population that results in increase in prevalence of aortic stenosis, advancements in transcatheter aortic valves, and increase in adoption rate of TAVI devices. However, stringent and time-consuming government regulations for transcatheter aortic valves (being class III medical devices) and their high cost are set to restrain the market growth.
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The report segments the TAVI market on the basis of procedure and geography. According to procedure, the market is classified into transfemoral, transapical, and transaortic implantation. On the geographical basis, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The TAVI market is highly competitive and consolidated in nature. Edwards Lifesciences Corporation, Medtronic plc, and St. Jude Medical, Inc. have dominated the overall market. These players have adopted product development as their key strategy, and hence launched several technologically advanced transcatheter aortic valves in the past few years. For instance, in March 2016, Direct Flow Medical, Inc.
launched its next-generation DirecTrack TAVR delivery system in the European market. In the same year, Edwards Lifesciences Corporation received the Ministry of Health, Labour and Welfare (MHLW) approval for launch of its SAPIEN 3 transcatheter heart valve in the Japanese market. The market has also witnessed several approvals for clinical trials of transcatheter aortic valves. For instance, in June 2016, Medtronic plc received approval for its CoreValve Evolut R US Clinical Study.
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Key players profiled in this report are:
Boston Scientific Corporation Direct Flow medical, Inc. Edwards Lifesciences Corporation, HLT, Inc., JenaValve Technology, Inc. Medtronic plc Meril Life Sciences Pvt. Ltd. St. Jude Medical, Inc. SYMETIS SA Transcatheter Technologies GmbH.
This report provides an extensive analysis of the current trends, future estimations, and dynamics in the world TAVI market through 2014-2022, which assists to identify the prevailing opportunities. In-depth analysis is conducted by market estimations for the key segments for both value and volume. Comprehensive analysis of factors that drive and restrict the growth of the TAVI market is provided. An in-depth analysis of current research and clinical developments within the market is presented.
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Key market players are profiled and their strategies are analyzed thoroughly, which interprets the competitive outlook of the world TAVI market.
Transfemoral Implantation Transapical Implantation Transaortic Implantation
North America U.S. Canada Mexico Europe Germany France UK Italy Switzerland Rest of Europe Asia-Pacific China Japan India Rest of Asia-Pacific LAMEA Brazil Israel South Africa Saudi Arabia Rest of LAMEA
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The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.
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The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
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This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
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Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
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