Global Transcatheter Aortic Valve Replacement (TAVR) Market: Size, Trends and Forecasts (2020-2024)

DELHI, India - March 31, 2020 - PRLog -- The report entitled "Global Transcatheter Aortic Valve Replacement (TAVR) Market: Size, Trends and Forecasts (2020-2024)" provides an in-depth analysis of the global TAVR market by value, by volume, by procedure, by region, etc.

The global TAVR market is highly dominated with few major market players operating worldwide. The manufacturers of TAVR devices produce different types of devices for different applications. Further, the major players dominating the global TAVR market are Edwards Lifesciences Corporation, Medtronic plc, Boston Scientific Corporation, and Abbott Laboratories. The four companies have been profiled in the report providing their business overview, financial overview and business strategies.

Country Coverage

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Company Coverage

Edwards Lifesciences Corporation
Medtronic plc
Boston Scientific Corporation
Abbott Laboratories

Executive Summary

Heart valve disease, one kind of structural heart diseases, is characterized by the damage or a defect in one of the four heart valves: aortic, pulmonary, mitral, and tricuspid valves. Heart valve disease normally falls under two categories: Stenosis and Regurgitation.

Aortic valve disease is a condition that occurs when the left ventricle and aorta (the main artery of the body) does not work properly. The aortic valve disease is mainly bifurcated into aortic stenosis (AS) and aortic regurgitation (AR). The AS treatment options include: balloon valvotomy, Surgical Aortic Valve Replacement (SAVR), and Transcatheter Aortic Valve Replacement (TAVR).

TAVR is a new minimally invasive approach for >65 years old population with intermediate to high surgical risk and patients ineligible for surgeries. TAVR is now expanding into patients with low to intermediate surgical risk.

The global TAVR market has increased at a significant CAGR during the years 2015-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The TAVR market is expected to increase due to growing geriatric population, increasing prevalence of aortic stenosis (AS) and aortic regurgitation (AR), rapid urbanization, escalating healthcare expenditure, rising incidence of chronic diseases, etc. Yet the market faces some challenges such as economic slowdown, high cost involved, COVID-19 outbreak, risks and side effects associated with TAVR procedure, etc.

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https://www.daedal-research.com/pharma-healthcare/global-transcatheter-aortic-valve-replacement-tavr-market-size-trends-and-forecasts-2020-2024

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