The global transcatheter devices market size is expected to reach USD 19,557.7 million by 2026, registering a CAGR of 12.1% over the forecast period, according to a new report by Radiant Insights, Inc. Increase in adoption of minimal invasive procedures, high prevalence of chronic diseases, and growing preference for transcatheter replacement or repair procedures over open heart surgery are the key factors contributing to the market growth. The demand for transcatheter devices is growing owing to the fact that they are minimally invasive in nature and offer shorter hospital stays and fast recovery to patients. This is another major factor positively impacting the market growth. Also, key players are focusing on developing advanced heart valve replacement/ repair therapies, for instance, Abbott in 2019 received a FDA approval for its fourth-generation MitraClip device - MitraClip G4 that offers physicians in the U.S. with an extensive range of clip sizes, and facilitates real time assessment of procedure, thereby enabling doctors to efficiently treat mitral valve disease.
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The growing technological advancement and constantly increasing volume of transcatheter devices in the pipeline for aortic valve replacement and repair, tricuspid valve repair, mitral valve replacement and repair, coupled with a growing geriatric population at high risk for open surgery are some of the factors boosting their demand. The growth is mainly driven by increasing prevalence of several cardiovascular disorders such as rheumatic heart disorders, cerebrovascular diseases, hypertensive heart diseases, and inflammatory heart diseases.
According to American Heart Association estimates in 2016, nearly 840,768 deaths were registered in the U.S. due to various cardiovascular diseases. The increasing patient pool for heart valve disorders and growing demand for heart valve replacement are other key factors expected to drive growth of transcatheter valves during the forecast period. However, high costs of transcatheter heart valve repair/replacement devices, a stringent regulatory framework for their approval, and the need for lifelong surveillance of these artificial valves are some of the barriers limiting market growth.
Further Key Findings from the Report Suggest:
• Transcatheter replacement devices emerged as the largest product segment in 2018 with a revenue share of 50.4% in global transcatheter devices market
• Amongst replacement, transcatheter aortic valve replacement devices accounted for the largest revenue share in 2018, and is further projected to expand at fastest CAGR during the forecast period
• Cardiovascular emerged as the leading application segment, however oncology segment is expected to register significant growth rate over the forecast period
• North America accounted for the largest share due to increasing investment in the research & development activities along with growing awareness regarding advanced transcatheter heart valve therapies
• Key operating players such as CryoLife, Inc., Edwards Lifesciences Corporation, Abbott, Boston Scientific Corporation, JenaValve Technology, Inc. and others are focused on developing advanced transcatheter heart valves. For instance, In July 2019, Abbott received U.S. FDA approval for MitraClip - heart valve repair device for treatment of mitral regurgitation, which estimated to boost company's growth
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/transcatheter-devices-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased database:
1.3.1.2 Radiant Insights internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Global Transcatheter Devices Market Snapshot
Chapter 3 Global Transcatheter Devices Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook: Radiology Market
3.1.2 Related/Ancillary Market
3.2 Penetration and Growth Prospect Mapping
3.3 Regulatory Framework
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market Restraint Analysis
3.4.3 Industry Challenges
3.5 Global Transcatheter Devices Market Analysis Tools
3.5.1 Industry Analysis - Porter's
3.5.1.1 Bargaining power of the suppliers
3.5.1.2 Bargaining power of the buyers
3.5.1.3 Threats of substitution
3.5.1.4 Threats from new entrants
3.5.1.5 Competitive rivalry
3.5.2 PESTEL Analysis
3.5.2.1 Political landscape
3.5.2.2 Economic and Social landscape
3.5.2.3 Technology landscape
3.5.2.4 Legal landscape
3.5.2.5 Technology landscape
3.5.3 Major Deals & Strategic Alliances Analysis
3.5.3.1. Mergers & Acquisitions
3.5.3.2. Technology Collaborations
3.5.3.3. Joint Ventures
3.5.3.4. Licensing & Partnership
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Download Free Sample Report @ https://www.radiantinsights.com/research/transcatheter-devices-market/request-sample
 |
| Transcatheter Devices Market |
The growing technological advancement and constantly increasing volume of transcatheter devices in the pipeline for aortic valve replacement and repair, tricuspid valve repair, mitral valve replacement and repair, coupled with a growing geriatric population at high risk for open surgery are some of the factors boosting their demand. The growth is mainly driven by increasing prevalence of several cardiovascular disorders such as rheumatic heart disorders, cerebrovascular diseases, hypertensive heart diseases, and inflammatory heart diseases.
According to American Heart Association estimates in 2016, nearly 840,768 deaths were registered in the U.S. due to various cardiovascular diseases. The increasing patient pool for heart valve disorders and growing demand for heart valve replacement are other key factors expected to drive growth of transcatheter valves during the forecast period. However, high costs of transcatheter heart valve repair/replacement devices, a stringent regulatory framework for their approval, and the need for lifelong surveillance of these artificial valves are some of the barriers limiting market growth.
Further Key Findings from the Report Suggest:
• Transcatheter replacement devices emerged as the largest product segment in 2018 with a revenue share of 50.4% in global transcatheter devices market
• Amongst replacement, transcatheter aortic valve replacement devices accounted for the largest revenue share in 2018, and is further projected to expand at fastest CAGR during the forecast period
• Cardiovascular emerged as the leading application segment, however oncology segment is expected to register significant growth rate over the forecast period
• North America accounted for the largest share due to increasing investment in the research & development activities along with growing awareness regarding advanced transcatheter heart valve therapies
• Key operating players such as CryoLife, Inc., Edwards Lifesciences Corporation, Abbott, Boston Scientific Corporation, JenaValve Technology, Inc. and others are focused on developing advanced transcatheter heart valves. For instance, In July 2019, Abbott received U.S. FDA approval for MitraClip - heart valve repair device for treatment of mitral regurgitation, which estimated to boost company's growth
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/transcatheter-devices-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased database:
1.3.1.2 Radiant Insights internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
2.4 Global Transcatheter Devices Market Snapshot
Chapter 3 Global Transcatheter Devices Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook: Radiology Market
3.1.2 Related/Ancillary Market
3.2 Penetration and Growth Prospect Mapping
3.3 Regulatory Framework
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market Restraint Analysis
3.4.3 Industry Challenges
3.5 Global Transcatheter Devices Market Analysis Tools
3.5.1 Industry Analysis - Porter's
3.5.1.1 Bargaining power of the suppliers
3.5.1.2 Bargaining power of the buyers
3.5.1.3 Threats of substitution
3.5.1.4 Threats from new entrants
3.5.1.5 Competitive rivalry
3.5.2 PESTEL Analysis
3.5.2.1 Political landscape
3.5.2.2 Economic and Social landscape
3.5.2.3 Technology landscape
3.5.2.4 Legal landscape
3.5.2.5 Technology landscape
3.5.3 Major Deals & Strategic Alliances Analysis
3.5.3.1. Mergers & Acquisitions
3.5.3.2. Technology Collaborations
3.5.3.3. Joint Ventures
3.5.3.4. Licensing & Partnership
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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