Heart Valve Surgery Refusal Rate to Increase to 30% Worldwide by 2015 Says New Report

July 21, 2010 - PRLog -- The report “Worldwide Heart Valve Market Report 2010 Edition” available at http://tinyurl.com/37zlg6b provides an analysis of the global heart valve market. It also discusses major trends, growth drivers and potential markets for heart valve market.

According to the 33 page report, during the period 2001-2009, the market has grown at a CAGR of nearly 7%. Among the three distinct segments, i.e. tissue valve, mechanical valve and valve repair market, tissue valve represent the largest part of the heart valve market with a share of more than 50% of the total heart valve market. The heart valve repair market represents the smallest of the three segments.

The demand of mechanical valves is declining slowly with a continuous shift towards tissue valves. However, the shift towards tissue market is slow as there is still an appropriate pool of mechanical valve patients, who are mainly younger patients who would outlive the life cycle of a tissue valve.

A new market has emerged in last few years named as transcatheter valve market which has a huge amount of untapped potential. Transcatheter valves represent an attractive market opportunity as the technology could expand the overall heart valve market and provide higher risk patients with a less invasive approach. The penetration of worldwide risk/refused for surgery population was just 5% in 2009, and is expected to exceed 30% by the end of 2015.

The growing aging population, increased consumption of junk food, increasing cases of obesity, and rising urban population are few of the factors which are significantly driving the global heart valve market growth. The industry players are seeking opportunities in the regions with higher prevalence of these factors to increase their market presence.

The primary competitors in heart valve market include Edwards Lifesciences, St. Jude Medical, Inc., Medtronic, Inc. and Sorin Group. The global tissue valve market is dominated by Edwards Life Sciences, while St. Jude Medical is the global market leader in the mechanical valve segment.

The report “Worldwide Heart Valve Market Report 2010 Edition” is available from Piribo at:
http://www.piribo.com/publications/medical_devices/worldw...
Piribo product ID: KOA04371   

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