The global transcatheter aortic valve replacement devices market size was estimated at USD 11.2 Bn in 2021, growing at a CAGR of 20.8% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Transcatheter Aortic Valve Replacement (TAVR) Devices Market by Type of Procedure (Trans femoral Approach, Trans apical Approach, Trans aortic Approach), End user (Diagnostic Centers, Ambulatory Surgical Centers, Cardiac Catheterization Laboratory), and Geography - Global/Region/Country Forecast to 2028”.

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Technological Developments Driving the Transcatheter Aortic Valve replacement Devices Market

Transcatheter aortic valve replacement device is a novel technology which has currently revealed to improve quality of life and survival in patients suffering from severe symptomatic aortic stenosis who do not need to go for surgery option. The design and progress of this technology is continuously going on for the past 20 years. And now TAVR, Transcatheter aortic valve replacement has been approved by GDA recently to treat aortic stenosis.

The most significant factors driving the growth of transcatheter aortic valve replacement devices market are increasing incidences of heart valve disorders and growing demand for less invasive procedure from the patients who are at high-risk  and the patients suffering from numerous chronic diseases. In addition, one of the crucial factors fuelling the market is increasing conditions of heart diseases. But, the misplacement of catheters, high price of TAVR devices, slipping of valves and associated threats involved in transcatheter aortic valve replacement device implantation are the factors reducing the acceptance in patients and hence affecting the market growth negatively. 

North America is Leading the Market among other Regions           

On the basis of regional analysis, the global transcatheter aortic valve replacement (TAVR) devices market is classified into major regions such as North America, Asia pacific, Europe, Africa, Latin America and Middle East. North America is dominating the market due to over five million of people get diagnosed with heart valve disease in United States every year. Transcatheter aortic valve replacement devices market in Europe is anticipated to record considerable growth because of the growing consciousness and huge acceptance of new replacement devices to treat cardiac disorders and technological developments. Transcatheter aortic valve replacement devices market in emerging countries of Asia pacific such as India and China will witness notable growth owing to change in lifestyle and medical tourism in the region.

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Competitive Analysis

There are some major players operating in the global transcatheter aortic valve replacement devices market are Edwards Lifesciences Corporation (U.S.), Boston Scientific Corporation (U.S.), Abbot Laboratories (U.S.), Medtronic Plc. (U.S), Jena Valve Technology, Inc. (U.S), Bracco SpA. (Italy), Direct Flow medical, Inc. (U.S) and Meril Life Sciences Pvt. Ltd. (India). Industry players in the market are concentrating more on investing in research and development for bringing different novel and technologically developed devices into the market to increasing safety and effectiveness of heart valve procedure and reinforce their place in the market.

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