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Aortic Valve Market Demand, Sales and Consumption Status and Growth Opportunities

Posté le: Jan-27-2020 | vue (678) fois | Word Count article: 477 |

Aortic Valve Market by Overview, Growth Opportunities, Size, Share, Demand, Application, Manufacturing Cost Structure Analysis, Regional Outlook and Industry Insights.
The increasing number of valvular heart disease (VHD) cases, growing efforts to generate awareness about the same among the populace, and favorable medical reimbursement policies are driving the aortic valve market across the globe. It is being expected that during the forecast period (2018–2023), the market will progress with a CAGR of 10.3%. At this rate, the revenue generated from the sale of such devices would grow from $5.6 billion in 2017 to almost $9.9 billion 0in 2023.

The reports concluded that the prevalence of VHD was just 0.7% in people between 18 and 44 years of age, and almost 13.0% in those over 75 years old. The ongoing aortic valve market trend shows that the elderly are the largest consumers of such valves. According to the Health at A Glance 2017 report published by the Organisation for Economic Co-operation and Development, the percentage of people over 65 years old in member countries would rise from 17.0% in 2015 to 28.0% in 2050.

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Therefore, as the geriatric population increases across the world, so will the prevalence of VHD, which will continue driving the aortic valve market during the forecast period. Government initiatives being taken to raise the awareness of VHD are also playing an important role in the market growth. For instance, the Alliance for Aging Research, in 2017, designated February 22 as the National Heart Valve Disease Awareness Day in the U.S. The aim behind this was to make people aware of the risk factors and symptoms of the disease for faster detection and treatment.

Now, among the two types of valves transplanted in the human body — mechanical and tissue/biological — the latter dominated the market during the historical period (2013–2017) in terms of sales volume as well as value. In terms of value, tissue/biological valves held almost 65.0% share in the aortic valve market. Such valves, which are made from tissues of other animals, are quite flexible and can last up to 20 years. Further, people transplanted with biological/tissue valves do not require additional medication.

Of the two types of procedures for aortic valve replacement, viz. open surgery and minimally-invasive surgery (MIS), the valves transplanted via MIS dominated the market in 2017 in terms of value. Further, even in MIS, there are two main approaches: transfemoral and transapical. Of these, the transfemoral approach consumed valves in the larger amount, contributing $2,397.8 million in revenue to the aortic valve market in 2017. It is further being predicted that the sale of aortic valves for transfemoral MIS will generate a revenue of $4,897.5 million by 2023.

Therefore, it is clear that the increase in the prevalence of VHD, driven by the growth of the geriatric population, will bode well for the market for aortic valves.

Source de l'article : Valve Market Demand, Sales and Consumption Status and Growth Opportunities_991.aspx

auteur ressource :
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Mots-clés : Aortic Valve Market, Aortic Valve Market Demand,

Catégorie : Writing et Parler : Writing articles

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