World Heart Valve Devices Market to See Double-Digit CAGR through 2021, States Azoth Analytics in Its New Study Available at MarketPublishers.com23 Mar 2017 • by Natalie Aster
LONDON – Between 2017 and 2021, the worldwide market for heart valve devices is predicted to gain traction at a 13.35% CAGR. The robust growth in this market will be propelled by increasing number of people suffering from heart disease, increasing aging population and continuous advances in minimally invasive technologies.
Furthermore, companies engaged in the heart valve devices market make focus on investments in research and development for technological advancements and also try to deepen their footprints in the market through product expansions and targeted acquisitions. Medtronic, Edwards Lifesciences, Boston Scientific and Abbott Laboratories are the key players in the world’s market.
The demand for bioprosthetic is likely to register a faster growth if compared to mechanical heart valve replacement techniques. But, certain technologically advanced techniques like TMVR and TAVR are expected to advance at the fastest rate.
Amid all the regional markets for heart valve devices, APAC is forecast to grow at the fastest pace, propelled mainly by the increasing number of geriatric population, expansion in medical tourism and developing healthcare infrastructure.
New research study “Global Heart Valve Devices Market: Analysis By Procedure, Replacement Procedure By Technique, Repair Procedure By Technique, By Region, By Country (2016-2021)” worked out by Azoth Analytics provides a comprehensive market assessment on the basis of regions, procedures and techniques. It contains a detailed analysis of the market landscape and offers access to info on the historical and present market performance. The research study covers the market dynamics and major growth influencing factors, sheds light on the prevailing trends, identifies lucrative growth opportunities and touches upon the major challenges. The report discusses competitive pressures, identifies top players, touches upon regulative environment as well as offers strategic recommendations. Furthermore, the study contains a five-year future outlook for the world’s heart valve devices market.
Many other research studies by the publisher is available in the Azoth Analytics catalogue.