Heart Valve Devices Market to Witness a Rapid Growth Through 2025
Technological advancements
and increasing prevalence of heart diseases to drive United States heart valve
devices market
According to
TechSci Research report, “United States Heart Valve Devices Market By Type (Mechanical
Heart Valves, Biological Heart Valves, Transcatheter Heart Valves), By Product
Type (Replacement (Aortic, Mitral, Others), Repair), By Valve Type (Tissue
Valve, Mechanical Valve), By Procedure (Surgical, Transcatheter), By Application
(Aortic Stenosis, Aortic Regurgitation, Mitral Stenosis, Mitral Regurgitation, Pulmonary
Valvular Heart Disease), By Region, Forecast & Opportunities, 2025”, the market is anticipated to grow at a robust CAGR during
the forecast period. Key factors propelling the growth of United States heart
valve devices market include growing incidences of cardiovascular disorders and
heart diseases coupled with rise in sedentary lifestyle in the country. In
addition to this, irregular eating habits and increasing preference for
ready-to-eat food has caused rise in number of cholesterol and obesity cases in
United States. This is acting as a major growth factor for United States heart
valve devices market. Moreover, rise in geriatric population is also one of the
factors driving the growth of this market. With growing awareness about benefits
of valve replacement, the market is expected to undergo significant growth in
next five years.
Additionally, increasing preference for minimally
invasive surgeries and favorable reimbursement scenarios are some other major
factors fueling the growth of United States heart valve devices market. The technological
advancements in cardiac valve devices and introduction of newer, less invasive
techniques to replace or
repair heart valves is expected to augment the market growth in coming years.
However, the market is also prone to some challenges. The risk of infection due
to cardiac implants might hamper the market growth. Moreover, complications
related to heart valves repair and replacement surgeries are may pull back many
patients from undergoing this surgery.
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United States heart valve devices market is segmented based on type,
product type, valve type, procedure, application, end user and region. Based on
product type, the market can be segmented into replacement valves and repair
valves. The replacement valves segment is further categorized into aortic,
mitral and others. Among them, the replacement segment is expected to hold
largest market share through 2025 owing to increasing cases of heart diseases
which has resulted in surge in number of valve replacement surgeries.
Based on valve
type, the United States heart valve devices market can be categorized into tissue
valve and mechanical valve. Among them, tissue valve segment is expected to register
significant growth during the forecast period owing to advantages of tissue
valves such as flexibility and strength.
Major players operating in the United
States heart valve devices market include Abbott Laboratories, Inc., Boston
Scientific Corporation, Cryolife, Inc., Edwards Lifesciences LLC, On-X Life
Technologies, Inc., Micro Interventional Devices, Inc., Neovasc, Inc., Sorin
Group USA, Inc., Medtronic, Inc. and St. Jude Medical, Inc. The companies are
undergoing growth strategies such as new product launches and merger &
acquisitions to strengthen their position in United States heart valve devices
market.
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“Increasing
approval by FDA for transcatheter aortic valves is providing huge growth
opportunities for heart valve manufacturing companies. Furthermore, the
country’s well-established healthcare infrastructure and high per capita
disposable income is creating increasing demand for heart valve surgeries.
Also, the rising obese population is further acting as one of the primary
factors for heart valve devices market growth in United States,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Heart Valve Devices Market By Type
(Mechanical Heart Valves, Biological Heart Valves, Transcatheter Heart Valves),
By Product Type (Replacement (Aortic, Mitral, Others), Repair), By Valve Type
(Tissue Valve, Mechanical Valve), By Procedure (Surgical, Transcatheter), By Application
(Aortic Stenosis, Aortic Regurgitation, Mitral Stenosis, Mitral Regurgitation, Pulmonary
Valvular Heart Disease), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United
States heart valve devices market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in United States heart
valve devices market.
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