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Biological Aortic Valves Conducive for Elderly

Posté le: Aug-16-2021 | vue (194) fois | Word Count article: 509 |

Factors such as increasing prevalence of valvular diseases and rising number of initiatives for imparting awareness regarding valve replacement are expected to supplement the aortic valve market growth at a CAGR of 13.2% during the forecast period (2020–2030).
At this rate, the market’s value will increase from $7,568.3 billion in 2019 to $29,146.9 million by 2030.
Currently, the market is witnessing the trend of product launches. Manufacturing companies are continuously focusing on developing new and improved products to meet the spurring demand for aortic valves, across the world.

Aortic regurgitation and aortic stenosis are the most common valvular diseases. Rheumatic heart disease (RHD) is the most common cause of aortic regurgitation. According to the World Health Organization (WHO), nearly 33 million people around the globe are affected by RHD that accounts for around 2% of the population suffering from cardiovascular diseases (CVDs). These conditions mostly affect the old people. Thus, booming geriatric population will fuel the consumption of aortic valves in the coming years, which, in turn, will drive the market growth.

Another key factor driving the aortic valve market is the growing support from governments, worldwide. Government organizations are taking multiple initiatives to impart knowledge regarding aortic valve replacement procedures. For instance, the European Association of Percutaneous Cardiovascular Interventions (EAPCI) launched Valve for Life initiative in Europe, in 2015. It aims to improve the access to transcatheter valve procedures, enhance the educational standards for healthcare professionals, raise awareness regarding valvular diseases, decrease obstacles for therapy implementation, and end age and gender discrimination in access to medical care, in the region.

Aortic valves are available as mechanical and tissue/biological valves. With constant developments in technology and rapid demand for valves from the ageing population, medical professionals are primarily opting for biological or tissue aortic valves. These valves are implanted in the human body either through open surgery or minimally invasive surgery (MIS). The surgeons are preferring MIS implantation procedure, as it causes lesser trauma to the patients and stimulates the recovery process, in comparison to open-heart surgeries.

These products and procedures are used in several healthcare facilities. Thus, the end-user segment of the aortic valve market is bifurcated into hospitals and ambulatory surgery centers (ASCs). Between the two, the hospitals category will exhibit the fastest growth in the forecast period. This growth can be attributed to the fact that hospitals are the most advanced facilities and offer optimal patient care. Moreover, surging healthcare spending and an improving healthcare reimbursement structure will propel the growth of the market in this category in the coming years.

According to P&S Intelligence, Europe generated the maximum demand for aortic valves in 2019 and it will retain its dominance in future, due to the existence of an advanced healthcare system, growing elderly population, and increasing incidence of chronic and lifestyle-associated diseases. Furthermore, the European market is expected to witness the fastest growth during the forecast period. This can be due to the rising cases of aortic stenosis in western European nations. Doctors generally recommend transcatheter aortic valve replacement (TAVR) and surgical valve replacement treatments for aortic stenosis.

Thus, intensifying awareness among people and healthcare professionals regarding aortic valves and replacement procedures will fuel the adoption of these valves in the future.

Source de l'article : Aortic Valves Conducive for Elderly_1070.aspx

auteur ressource :
P&S Intelligence
International: +1-347-960-6455

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

Catégorie : D'affaires : PR

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