According to a new report published by Allied Market Research, titled, โTranscatheter Heart Valve Replacement Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” A heart valve is a component of heart facilitates unidirectional blood flow through the heart. The abnormal functioning of the heart valve leads to valvular heart disease. However, these disfunctioning, damaged and defective heart valves can be cured or replaced by artificial valves. Transcatheter aortic valve replacement (TAVR), sometimes summoned as transcatheter aortic valve implantation (TAVI) is a minimally invasive surgical operation to replace a damaged, narrowed aortic valve that fails to operate properly and operates on identical principal as that of cardiac stent is implant in delivery of a replacement valve. This operative involves little risk as it does not mandate opening the chest cavity or stopping the heart. Artificial valves are designed and structured using a mixture of metal mesh and animal tissues. This revolutionary artificial valve begins instant operations of the regulating blood flow once it gets in the target location.
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COVID-19 Scenario Analysis
- The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
- Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
- Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2
- In addition, it has been observed after some research that people with prevalence of cardiac diseases are at higher risk for mortality and morbidity related to COVID-19 compared to the average population
- Recent studies have also revealed that COVID-19 can cause heart injury, even in people without heart abnormalities
- Henceforth, patients and the cardiac arrest treatment industry is facing struggles amid COVID-19 pandemic
- Due to diversion of medical field towards treating COVID-19,the funding to R&D activities related tocardiac diseases has been reduced, manufacture of ventilators essential for COVID-19 treatment has been prioritized and as a result, this segment have to face negligence subsequently causing negative impact on transcatheter aortic valve replacement market
Major drivers for the transcatheter heart valve replacement include technological advancements in valve replacement operatives, growing prevalence of cardiovascular diseases including coronary artery diseases, heart failures, and hypertension and increase in number of cases of aortic disorders in geriatric population. The aging global population especially in the U.S., Europe and Japan and other developed countries is expected to rise from 760 million i.e. 11% in 2011 to 2 billion i.e. 22% by 2050. Aging populace surges the demand for minimally invasive surgeries pertaining to the risk of complications in surgery. Additionally, Aortic valvular disease accounts for most common causes leading to operative procedure or transcatheter valve replacement in the European region. Thus, due to these factors, transcatheter heart valve replacement market would witness tremendous growth in coming years.
On the contrary, high investments related to transcatheter heart valves, device related problems such as product recalls, malfunctioning during implantation, insufficient healthcare infrastructures in emerging economies and stringent regulations implemented to get the approval are the restrains that potentially would impede growth of the market.
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The key players profiled in this report include Edwards Lifesciences,C Medical Technologies, Abbott Laboratories, Boston Scientific, HighLife Medical, JC Medical, LivaNova, Medtronic plc, Meril Life Sciences and Micro Interventional Device.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the global transcatheter heart valve replacement industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global transcatheter heart valve replacement market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global transcatheter heart valve replacement market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global transcatheter heart valve replacement market analysis based on competitive intensity and how the competition will take shape in coming years.
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