Heart Valves Market to Exhibit 11.7% CAGR by 2026; Rising Geriatric Population with Growing Number of Cardiovascular Disorders Will Attract High Revenue: Fortune Business Insights™

Pune, April 06, 2020 (GLOBE NEWSWIRE) — The global Heart Valves market size is expected to reach USD 15.98 billion by 2026, on account of the advent of customized Heart Valvess. A Heart Valves allows blood to flow in only one direction through the heart. Blood passes through a valve before leaving every chamber of the heart. These valves helps to abstain the backward flow of blood. A recently published report by Fortune Business Insights™ titled, “Heart Valves Market Size, Share & Industry Analysis, By Product Type (Replacement (Aortic, Mitral, and Others), and Repair), By Valve Type (Tissue Valve and Mechanical Valve), By Procedure (Surgical and Transcatheter), By End User (Hospitals, and Specialty Clinics & Others), and Regional Forecast, 2019-2026” discusses the market and its growth parameters in details. As per this report, the market value was USD 6.58 billion in 2018 and will rise at a CAGR of 11.7% between 2019 and 2026.
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What is the Scope of the Report?The report presents a comprehensive overview of the market with its prime growth parameters such as drivers, restraints, challenges, and upcoming opportunities. It discusses the market segmentation and the overall competitive landscape in details. List of players and their key strategies to gain a competitive edge in the market are also discussed in the report. Furthermore, the report provides key industry developments, current Heart Valves market trends, and other interesting insights.An Overview of the Impact of COVID-19 on this Market:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Market Drivers

Increasing Popularity of Minimally Invasive Surgeries Will Add ImpetusRise in sedentary lifestyle, adoption of irregular eating habits and the increasing preference for ready-to-eat food have resulted in a number of cholesterol and obesity cases. This acts as a major Heart Valves market growth factor. Besides this, the rise in geriatric population and their vulnerability to various cardiovascular disorders is also expected to aid in expansion of the market in the forecast period.However, the complications associated with Heart Valves repair and replacement surgeries may retract many patients from opting for this surgery. This may hamper the overall market growth. Nevertheless, the advent of latest technology, increasing popularity of minimally invasive surgeries, and launch of innovative products are expected to create lucrative growth opportunities for the market in the coming years.
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Regional Segmentation:

North America Dominating Market with Rising Number of Valve Repair and Replacement ProceduresBased on geographical viewpoint, North America is holding the largest Heart Valves market share with a revenue generation of USD 2.64 billion earned in 2018. Growth of this region is attributed to the rise in obese population and increasing number of valve replacement and repair procedures in the region. As per the American Heart Association, about 90,000 valve substitutes undergo implantation on an annual basis in the U.S. This indicates the rise in demand for prosthetic Heart Valvess in the region.On the other side, Asia Pacific market will witness significant growth in the years to follow on account of the increasing obese and geriatric population, rising adoption of tissue valves at a rapid pace, and support from the government. Besides this, the market in the Middle East and Africa and Latin America will witness a substantial rise on account of the rising cases of Heart Valvess leakage and improvement in healthcare infrastructure and medical facilities.
Competitive Landscape:

Abbott and Edwards Lifesciences to Dominate Market with Strong PortfolioAs per the competitive landscape of the market is concerned, currently two major companies namely Abbott and Edwards Lifesciences are dominating the market. Among these, Edwards Life Sciences ranks first followed by Abbott. This is owing to their diverse portfolio and the rising demand for SAPIEN valve by Edwards Lifesciences. Other companies operating in the market are focusing on development of new products that will be most suitable for patients. They are acquiring strategies such as mergers and acquisitions, company collaborations, contracts and agreements, and others to attract high Heart Valves market revenue in the forthcoming years.List of Manufacturers in the Heart Valves Market include:AbbottLivaNova PLCCryoLife Inc.Edward Lifesciences CorporationMedtronicBoston Scientific CorporationMicro Interventional Devices, Inc.Other Players
Major Industry Developments of the Heart Valves Market Include:May 2017 – Symetis SA was acquired by Boston Scientific Corporation for the expansion of the company’s product portfolio.September 2019 – The pivotal trial called TRILUMINATE for the evaluation of TriClip was launched by Abbott. TriClip is a transcatheter tricuspid valve repair used in the treatment of tricuspid regurgitation.
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Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsEpidemiology of Heart Valve Disease – For Key CountriesReimbursement Scenario For Key CountriesRegulatory Scenario For Key CountriesTechnological Advancement in Heart Valve MarketNew Product LaunchesKey Industry Developments – Mergers, Acquisitions, and PartnershipsGlobal Heart Valve Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product TypeReplacementAorticMitralOthersRepairMarket Analysis, Insights and Forecast – By Valve TypeTissue ValveMechanical ValveMarket Analysis, Insights and Forecast – By ProcedureSurgicalTranscatheterMarket Analysis, Insights and Forecast – By End UserHospitalsSpecialty Clinics & OthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East & AfricaTOC Continued….!
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