Rising population, leading to the high prevalence of cardiovascular diseases coupled with the increasing geriatric population in developing nations, faster recovery time and lesser risks involved in the procedures, extensive research and development and numerous technological advancements are the key factors contributing to high CAGR of Bioprosthetics market during forecast period.
the global Bioprosthetics market was valued at USD 3.32 billion in 2018 and is expected to reach USD 7.38 billion by year 2026, at a CAGR of 10.4%. The use of Bioprosthetics has significantly increased over the recent years in all age groups. The study provides an overall insight into the factors responsible for the growth in the Bioprosthetics market. Two major types of prosthetic heart valves exist mechanical and bio prosthetic. Bioprosthetics are made of biologic tissues which are mounted on a fabric covered plastic frame, called a stent.
Valvular heart disease is increasingly affecting more than 100 million people worldwide and is a growing problem because of the high incidence of rheumatic heart disease. Moreover, in developing countries, the burden of degenerative valve disease in ageing population is increasing due to the rising geriatric population. Extensive growth in population and increasing prevalence of cardiovascular diseases owing to the unhealthy lifestyle, better results of Bioprosthetics as compared to mechanical materials which were traditionally being used and extensive research and innovations leading to multiple new avenues of use.
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The report provides extensive coverage of the supply chain, key players of the industry, consumer base, company profiles, production and consumption rate, primary applications, and other relevant data. It provides an in-depth assessment of the key companies operating in the market along with their company profiles, business overview, production and manufacturing capacity, product portfolio, financial standing, global position, and business expansion plans. It also studies recent mergers and acquisitions, joint ventures, product launches, partnerships, collaborations, and agreements among other. The report also provides insights into new entrants and their strategic alliances to gain a robust footing in the market.
Key Manufacturers in the Global Bioprosthetics Market:
Sorin Group, CryoLife, Inc., Medtronic Plc, Braile Biomedica, Ethicon, Inc., Life Cell Corporation, Organogenesis, Inc., Labcor Laboratories Ltd., Maquet Metinge Group, and JenaValve Technology GmbH.
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Type (Revenue, USD Million, 2016 – 2026)
Application (Revenue, USD Million, 2016 – 2026)
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