December 13, 2021 03:32 ET | Source: Allied Market Research Allied Market Research
Portland, OR, Dec. 13, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global Transcatheter Aortic Valve Implantation Market was pegged at $4.55 billion in 2020, and is expected to reach $16.93 billion by 2030, growing at a CAGR of 14.0% from 2021 to 2030.
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Rise in prevalence of aortic stenosis, increase in demand for several TAVI procedures, and development in technologies drive the growth of the global transcatheter aortic valve implantation market. However, strict government regulations for approval of TAVI hinder the market growth. On the contrary, surge in the geriatric population that are more susceptible to aortic stenosis is expected to create new opportunities in the future.
The report segments the global transcatheter aortic valve implantation market on the basis of type and region.
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Based on type, the transfemoral segment held the lion’s share in 2020, accounting for around 90% of the market. In addition, the segment is projected to manifest the highest CAGR of 14.2% from 2021 to 2030. The report includes an analysis of segments such as subclavian and others.
The global transcatheter aortic valve implantation market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the largest share in 2020, accounting for more than half of the market. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 17.6% during the forecast period.
The global transcatheter aortic valve implantation market includes an in-depth analysis of the prime market players such as Abbott Laboratories, Boston Scientific Corporation, Blue Sail Medical Co. Ltd., Bracco, Edward Lifesciences, JC Medical Inc., JenaValve Techologies Inc., Medtronic Plc., Meril Lifesciences, and Venus Medtech.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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