The new report by Expert Market Research titled, ‘Global Transcatheter Pulmonary Valve Market Report and Forecast 2023-2031’, gives an in-depth analysis of the global transcatheter pulmonary valve market, assessing the market based on its segments like technologies, end-uses, applications, raw materials, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031)
• Forecast CAGR (2023-2031): 5.8%
The global market for transcatheter pulmonary valve is being driven by factors such as the rising healthcare expenditure, increasing healthcare awareness, and introduction of advanced medical equipment. Due to the increasing prevalence of obesity and conditions requiring transcatheter pulmonary valve replacement and rising incidences of dysfunctional right ventricle, among others, the market is surging. In addition, the increasing inclination towards minimally invasive surgeries is bolstering the demand for transcatheter pulmonary valve replacement therapy. Furthermore, the rising cases of congenital heart diseases, especially among geriatrics, are likely to contribute to the market growth in the forecast period.
Transcatheter Pulmonary Valve Market Definition and Major Segments
Transcatheter pulmonary valve refers to a non-surgical therapy which is used to restore the pulmonary valve function. This therapy is usually applicable for the adults, geriatrics and paediatrics suffering from congenital heart disease (CHD). In addition to this, transcatheter pulmonary valve therapy is applied in cases such as cardiac anomaly, pulmonary atresia, and pulmonary stenosis, among others.
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By technology, the market can be segmented into:
• Balloon-Expanded Transcatheter Valve
• Self-Expanded Transcatheter Valve
Based on end-use, the market is divided into:
The significant applications included in the market report are as follows:
• Cardiac Anomaly
• Pulmonary Atresia
• Pulmonary Stenosis
• Pulmonary Regurgitation
• Tetralogy of Fallot
• Truncus Arteriosus
On the basis of raw material, the market can be segmented into:
• Tissue Engineered
The regional markets for transcatheter pulmonary valve include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Transcatheter Pulmonary Valve Market Trends
The technological advancements, coupled with the growing research and development activities in the healthcare industry, are shaping the market growth of transcatheter pulmonary valve. In addition to this, the growing FDA approvals of transcatheter pulmonary valve replacement are anticipated to boost the market growth in the forecast period. For instance, in March 2021, Medtronic PLC received the FDA approval of its breakthrough transcatheter pulmonary valve therapy for patients with congenital heart disease. Geographically, North America accounts for a significant share in the market, owing to the technologically advanced healthcare infrastructure in countries like the United States of America and Canada.
Key Market Players
The major players in the market are Boston Scientific Corporation, Direct Flow Medical, Inc., Edward Lifesciences Corporation, and Medtronic plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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