The global aortic valve market is predicted to attain a revenue of $29,146.9 million by 2030, advancing at a 13.2% CAGR during the forecast period (2020–2030), according to a report by P&S Intelligence. A key factor leading to the growth of the market is the increasing prevalence of aortic regurgitation and aortic stenosis. Rheumatic heart disease (RHD) is the most common cause of aortic regurgitation.
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As per the World Health Organization, about 2% of the population suffering from cardiovascular diseases are also affected by RHD, i.e. approximately 33 million people all over the globe are suffering from RHD. This increasing prevalence of RHD is expected to result in the growth of the aortic valve domain in the years to come. At the present time, however, the market is being severely affected because of the COVID-19 pandemic, as health services are under immense pressure.
The objective of this research includes;
Geographically, the European region is predicted to witness the fastest growth in the coming years, owing to the rising prevalence of aortic stenosis in Western European countries, according to the data published by the European Heart Journal. Some of the common treatments recommended for aortic stenosis are transcatheter aortic valve treatment and surgical valve replacement. Because of the increasing prevalence of heart diseases, the treatment rate is rising as well, thereby leading to the growth of the regional market.
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Companies operating in the aortic valve market are focusing widely on business mergers, strategic partnerships, product launches, and trial and approvals for remaining competitive in the domain. Some of the key players in the domain are Edwards Lifesciences Corporation, Boston Scientific Corporation, CryoLife Inc., LivaNova PLC, Medtronic plc, and Abbott Laboratories.
The research includes detailed analysis of;
Based on Valve Type
Based on Suture Type
Based on Procedure
Based on End User
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