A recent report published by Infinium Global Research on heart valve devices market provides an in-depth analysis of segments and sub-segments in global as well as regional heart valve devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional heart valve devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global heart valve devices market. According to a report the global heart valve devices market is projected to grow at a CAGR of 8.8% over the forecast period of 2018-2024.
Artificial heart valve devices are man-made devices used to replace a
natural heart valve or organs of a heart valve for better functioning of the
heart. There are many factors which are helping to boost this market such as
increasing instances of obesity and unhealthy lifestyle, mental tension, rising
geriatric population, increase in heart valve related disease are causing
various cardiac diseases and pathological disorders in a human being. Heart
valve devices markets are regulated by the governments for price, subsidies.
Whenever any manufacturer wants to introduce the modern heart valve devices in
the market, government regulation comes as an obstacle for this. Hence,
governments’ regulation is the major restraint factor for the growth of this
market. In addition, the increasing demand for minimally invasive procedures
and continued product modifications by leveraging the latest technologies
developments have brought about more effective heart valve devices.
On the basis of region, the global heart valve devices market is
segmented into North America, Europe, Asia, and the Rest of the World (RoW).
North America dominates the global heart valve devices market because of the
greater uptake of technologically superior products and continuous upgradation
of heart devices with most advanced technology. Asia-Pacific region is expected
to grow at the highest CAGR during the forecast period of 2018-2024 because of
the high occurrence of heart valve diseases and improving healthcare
infrastructure.
The report on global heart valve devices market covers segments such as
type and end user. On the basis of type the global heart valve devices market
is categorized into mechanical heart valves, biological heart valves, and
transcatheter heart valves. On the basis of end user the global heart valve
devices market is categorized into hospitals and ambulatory surgical centers.
The countries covered in the North America region include the U.S.,
Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South
Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and
Rest of Europe are included in the European region. The U.S. drives the growth
in the North America region as it is the largest market in the region. The
Asia-Pacific region offers substantial potential for the market growth owing to
rapid growth in markets such as India and China. The APAC region is projected
to experience growth at a CAGR of xx% over the period of 2018-2024.
The report provides profiles of the companies in the global heart valve
devices market such as JenaValve Technology, Inc., Edward Lifesciences
Corporation, CryoLife, Inc., Boston Scientific Corporation, Abbott
Laboratories, Medtronic, Symetis SA, Neovasc, Inc., Sorin Group (LivaNova PLC),
and Micro Interventional Devices.
The report provides deep insights on demand forecasts, market trends, and
micro and macro indicators. In addition, this report provides insights into the
factors that are driving and restraining the global heart valve devices market.
Moreover, IGR-Growth matrix analysis given in the report brings insight into
the investment areas that existing or new market players can consider. The
report provides insights into the market using analytical tools such as
Porter's five forces analysis and DRO analysis of heart valve devices market.
Moreover, the study highlights current market trends and provides forecast from
2018-2024. We also have highlighted future trends in the heart valve devices
market that will impact the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings insight into the
market share of the leading players. This report will help manufacturers,
suppliers, and distributors of the heart valve devices market to understand the
present and future trends in this market and formulate their strategies
accordingly.
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