Technavio analysts forecast the global transcatheter aortic valve replacement market to grow at a CAGR of approximately 18% during the period 2018-2022, according to their latest market research report.
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Technavio has published a new market research report on the global transcatheter aortic valve replacement market from 2018-2022. (Graphic: Business Wire)
The technological advances are one of the major trends being witnessed in the global transcatheter aortic valve replacement market. The advances in cardiovascular care have led to improved treatment and availability of TAVR devices. There has been an increase in the use of tissue valves over mechanical prosthetic valves to improve the biocompatibility and durability of the implanted devices.
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In this report, Technavio analysts highlight the demand for minimally invasive procedures as a key factor contributing to the growth of the global transcatheter aortic valve replacement (TAVR) market:
Global transcatheter aortic valve replacement market: Demand for minimally invasive procedures
Heart valves are replaced by two procedures, including surgical aortic valve replacement (SACR) and TAVR. SAVR procedures are the traditional approach for heart valve replacement. TAVR is a minimally invasive method for patients who are not ideal candidates for SAVR procedures. Complications of surgeries include bleeding during or after surgery, blood clots that can cause heart attack, stroke, infection at the incision site, kidney failure, and abnormal heart rhythms.
According to a senior analyst at Technavio forcardiovascular devices, "SAVR is more cost-effective than TAVR. However, advantageous factors such as reduced hospital stay, and overall effectiveness make TAVR a better option. TAVR procedures are minimally invasive and have proven to be safe and efficient. Some of the other benefits of minimally invasive TAVR procedures include low risk of infection, minimal blood loss, reduced need for blood transfusions, and less pain and scarring."
Global transcatheter aortic valve replacement market: Transfemoral implantation segment leads the market
This market research report segments the global transcatheter aortic valve replacement market based on procedure (transfemoral implantation and transapical implantation) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Based on the procedure, the transfemoral implantation segment held the largest market share in 2017, contributing to around 69% of the market. The market share occupied by this segment is expected to increase by almost 2% by 2022.
EMEA was the leading region for the global transcatheter aortic valve replacement market in 2017. It accounted for a market share of more than 40%. It was followed by the Americas and APAC. The Americas is expected to project the fastest growth during the period 2018-2022.
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