Global Transcatheter Aortic Valve Replacement ( TAVR ) Market Competitive Landscape and Regional Analysis by 2017- 2021
Orbis Research Monday , March 6th , 2017
Transcatheter aortic valve replacement ( TAVR ) is a relatively new technology in the field of medical science . It is a less intrusive method of replacing heart valve without undergoing the conventional by-pass surgery . Due to the less invasive nature of the surgery , it has emerged as the more feasible alternative to conventional surgical aortic valve replacement .
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Transcatheter aortic valve replacement is sometimes called as Transcatheter aortic valve implantation ( TAVI ). TAVR may be an option for people who are considered at intermediate or high risk of complications from surgical aortic valve replacement . It may also be suggested in certain cases where patient cannot undergo open-heart surgery . The decision to treat aortic stenosis with TAVR is made after consultation with a multidisciplinary group of medical and surgical heart specialists who together determine the best treatment option for each individual .
The global TAVR market is set to experience favourable growth driven by factors such as increasing elderly population , rising health care expenditure , increasing obese population and global economic development . Further , the scope of growth for this market will be broadened by increasing prevalence of aortic stenosis amongst the patients and rising demand for minimally invasive procedures . However , the growth of this budding market will be hindered by the business cycle fluctuations and risk of security breaches such as stringent regulations , high cost of TAVR devices and high risks associated with the TAVR procedure .
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The report “ Global TAVR Market : Industry Analysis & Outlook ( 2017-2021 )” analyses the development of this market , with focus on the U . S , Asia Pacific and European markets . The major trends , growth drivers as well as issues being faced by the market are discussed in detail in this report . The four major players : Edwards Lifesciences , Boston Scientific , Medtronic Plc . and St . Jude Medical , Inc . are being profiled along with their key financials and strategies for growth . The report contains a comprehensive analysis of the global TAVR market along with the study of the regional markets .
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