TechNavio recognizes the following companies as the key players in the Global Heart Valves and Transcatheter Valves Market: Edward Lifesciences Corp., Medtronic Inc., St. Jude Medical Inc., and Sorin Group.
Commenting on the report, an analyst from TechNavio’s team said: “Partnerships such as collaboration toward development of new products or manufacturing medical devices are growing among vendors. For example, Boston Scientific partnered with Sorin Group in July 2013 for manufacturing of its product Lotus Transcatheter heart valve system. Through this partnership, Boston Scientific is expected to compete with the top vendors such as Edward Lifesciences and Medtronic in the Transcatheter Heart Valve market in Europe.”
According to the report,it is estimated that by 2020, 15-25 percent of the population in developed countries would be >65 year. Heart valve diseases are more common in the elderly especially in the ages >60-65. A greater number of elderly populations are expected to adopt heart valve repair or replacement therapies owing to access to a healthcare infrastructure. Further, developing countries are also revamping their healthcare infrastructures and enabling accessibility. This in turn is expected to boost market growth in developing countries.
Further, the report states that the high cost associated with open heart surgeries and minimally non-invasive methods of valve replacement methods like TAVR are likely to restrict the market to affluent patients. The scenario is likely to impact during most of the forecast period. However, by 2020, the market is expected to witness an increase in availability of THV equipment and competition among vendors could decrease the cost of these devices and improve the adoption rate in the future.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-heart-valves-and-transcatheter-va…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Heart Valves and Transcatheter Valves Market 2012-2016
