The global transcatheter valve market is anticipated to gain growth at a significant CAGR during the forecast period. The increase in the prevalence of valvular heart disease among the population over 65 years of age, the advancement of third-generation transcatheter heart valves, and advantageous reimbursement policies in the US and European Union (EU) nations, all these factors are contributing to the significant increase in the global transcatheter valve market.
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Increasing mortality in elder people due to chronic and end-stage cardiovascular illnesses is the main issue for healthcare providers globally. The increasing ageing population is putting a burden on the healthcare system. According to UN estimates, the geriatric population in the US will exceed 72 million by 2022. The use of these valves is likely to increase as the target population grows and the risk of end-stage cardiovascular disease rises.
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The increasing need for novel heart valve therapeutic devices, a fast developing healthcare sector, an ageing population, and rising healthcare spending are a few of the drivers anticipated to propel the global transcatheter valve market forward.
Global Transcatheter Valve Market – Segmentation
By Application
Transcatheter Aortic Valve
Transcatheter Pulmonary Valve
Transcatheter Mitral Valve
By Technology
Balloon Expanded Transcatheter Valve
Self-Expanded Transcatheter Valve
Global Transcatheter Valve Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Koninklijke Philips N.V.
Merck & Co.
Sanofi
eVilbiss Healthcare LLC.
Pfizer Inc.
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