Prosthetic Heart Valve Devices And Equipment Market Segments, Drivers, Restraints, And Trends For 2024-2033
The Business Research Company’s Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, September 3, 2024 /EINPresswire.com/ — The prosthetic heart valve devices and equipment market has experienced robust growth in recent years, expanding from $5.65 billion in 2023 to $6.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, chronic disease management, clinical guidelines and research.
Strong Future Growth Anticipated
The prosthetic heart valve devices and equipment market is projected to continue its strong growth, reaching $8.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to minimally invasive procedures, telehealth integration, global access to healthcare, drug-coated devices.
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Growth Driver Of The Prosthetic Heart Valve Devices And Equipment Market
The rising prevalence of cardiovascular disorders is expected to propel the growth of the prosthetic heart valve devices market going forward. Cardiovascular disorders are diseases that affect the heart and blood vessels and include conditions such as coronary artery disease, heart failure, and stroke. prosthetic heart valve devices are used to control cardiovascular disorders by replacing diseased valves with prosthetic heart valves. They are associated with improved survival and relief of symptoms, and reduced morbidity and mortality.
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Major Players And Market Trends
Key players in the prosthetic heart valve devices and equipment market include Boston Scientific Corporation, Edwards Lifesciences, Medtronic PLC, LivaNova PLC, Abbott Laboratories, Jenavalve Technology Inc.
Major companies operating in the prosthetic heart valve devices market are innovating new products to increase their profitability in the market. Innovative prosthetic heart valve devices are developed to improve the treatment of cardiovascular disorders. These devices include polymeric prosthetic heart valves that are designed to reduce the risk of various complications.
Segments:
1) By Product Type: Repair Products, Mitral Valve Repair Devices, Tricuspid Valve Repair Devices
2) By Type: Transcatheter Heart Valve, Tissue Heart Valve, Mechanical Heart Valve
3) By Technology: Biological Valve, Decellularized Valve
4) By Application: Hospitals, Ambulatory Surgery Centres
Geographical Insights: North America Leading The Market
North America was the largest region in global prosthetic heart valve devices and equipment market in 2023. Western Europe was the second-largest region in prosthetic heart valve devices and equipment market. The regions covered in the prosthetic heart valve devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Prosthetic Heart Valve Devices And Equipment Market Definition
Prosthetic heart valve devices and equipment are artificial heart valves that are implanted in the heart of a patient with valvular heart disease.
Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on prosthetic heart valve devices and equipment market size, prosthetic heart valve devices and equipment market drivers and trends, prosthetic heart valve devices and equipment market major players, prosthetic heart valve devices and equipment competitors’ revenues, prosthetic heart valve devices and equipment market positioning, and prosthetic heart valve devices and equipment market growth across geographies. The prosthetic heart valve devices and equipment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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