Global Transcatheter Heart Valve Replacement and Repair Market, 2016– 2026 Persistence Market Research Global Transcatheter Heart Valve Replacement (THVR) & Repair Market to be Valued at US$ 6,701.5 Mn by 2026: Persistence Market Research Persistence Market Research 1 Global Transcatheter Heart Valve Replacement and Repair Market, 2016– 2026 According to the latest market report published by Persistence Market Research titled ‘Global Transcatheter Heart Valve Replacement & Repair Market: Global Industry Analysis and Forecast, 2016 - 2026, the global transcatheter heart valve replacement & repair market is projected to expand at a CAGR of 13.9% during the forecast period (2016– 2026). Transcatheter heart valve replacement is a relatively non-invasive procedure to repair the damaged heart valves with bioprosthetic valves for treatment of valvular heart disease namely aortic stenosis and mitral regurgitation among geriatric population. It is an alternative approach to conventional open heart surgery, especially for extremely high risk patients. Transcatheter heart valve replacement & repair market was valued at US$ 1,605.5 Mn in 2015 and the revenue is expected to increase to US$ 6,701.5 Mn by 2026 at a CAGR of 13.9% over the forecast period. Request Sample of this Report: http://www.persistencemarketresearch.com/samples/11167 The report offers market forecast and analysis on global transcatheter heart valve replacement & repair market, segmenting the market on the basis of product type, surgical approach, end user and region. The report segments the global transcatheter heart valve replacement & repair market into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa (MEA). According to PMR’s regional analysis, North America (U.S. and Canada) is the most lucrative market for transcatheter heart valve replacement & repair. This market in the region is expected to account for largest share throughout the forecast period, albeit exhibiting a slow growth rate. Asia Pacific is expected to be the fastest growing market for transcatheter heart valve replacement & repair, owing to increasing prevalence rate of cardiovascular diseases such as valvular heart disease and rising population in the region. Asia Pacific is estimated to account for 6.2 % revenue share by end of 2016 in the transcatheter heart valve replacement & repair market. Persistence Market Research 2 Global Transcatheter Heart Valve Replacement and Repair Market, 2016– 2026 On the basis of product type, PMR has segmented the transcatheter heart valve replacement & repair market into TAVR (Transcatheter Aortic Valve replacement) and TMVR (Transcatheter Mitral Valve Repair). TAVR segment is expected to dominate the market through the forecast period and is anticipated to be the most lucrative segment. Due to high adoption rate of TAVR devices across the globe, this segment is expected to witness high incremental opportunity between 2016 and 2026. To View TOC: http://www.persistencemarketresearch.com/market-research/transcatheterheart-valve-replacement-repair-market/toc On the basis of surgical approach, the transcatheter heart valve replacement & repair market has been segmented into transfemoral approach, transapical approach and transaortic approach. Transfemoral approach segment is expected to dominate the market through the forecast period and is anticipated to be the most lucrative segment. Due to high adoption rate of transfemoral approach by cardiologists, this segment is expected to witness high incremental opportunity. On the basis of end user, the transcatheter heart valve replacement & repair market has been segmented into hospitals, ambulatory surgical centres and cardiac catheterization laboratories. As per PMR analysis, among end users, the hospitals segment accounted for highest revenue share in 2015 and is expected to witness fastest growth over the forecast period. This is mainly attributed to increasing patient population seeking effective and efficient treatment with shorter recovery time. Cardiac catheterization laboratory segment is also expected to exhibit significant growth during the forecast period, as it provides better treatment facilities and ease of access. The report provides in depth insights about several factors such as increment in healthcare expenditure, key strategies of the participant companies, reimbursement policies and regulations affecting the transcatheter heart valve replacement & repair market. Some key market participants included in the PMR’s transcatheter heart valve replacement & repair market are Edwards Lifesciences Corporation, Medtronic, Inc., Boston Scientific Persistence Market Research 3 Global Transcatheter Heart Valve Replacement and Repair Market, 2016– 2026 Corporation, Abbott Laboratories, St. Jude Medical, Inc., St. Jude Medical, Inc., JenaValve Technology, SYMETIS, Braile Biomedica. To Buy Full Report: http://www.persistencemarketresearch.com/checkout/11167 Market Bytes: Transcatheter heart valve implantation is a procedure with less invasive approach helps in replacing the heart valve with prosthetic valve for treatment of severe aortic stenosis and mitral regurgitation. It is the effective alternative to cumbersome open heart surgery especially for high risk patients. The procedure helps reduce severe degenerative aortic stenosis and increases survival rate of patients. Increasing percutaneous transcatheter prosthetic valve implantation worldwide is expected to drive demand for transcatheter heart valve devices, as risk of valvular heart disease is higher among geriatric population, owing to increasing prevalence of severe aortic stenosis and asymptomatic severe mitral regurgitation. The global transcatheter heart valve replacement & repair market was valued at US$ 1,605.5 Mn in 2015 and is expected to expand at a CAGR of 13.9% over the forecast period (2016–2026). Drivers and Trends The prime driver for the transcatheter heart valve replacement & repair market is rising demand for less invasive procedure for high risk patients, growing prevalence of mitral regurgitation and severe aortic stenosis disorder. Moreover, shorter recovery time, less stay in the hospitals, favorable outcomes with transcatheter prosthetic valve implantation and technological advancements are also driving adoption of transcatheter heart valve devices. However, high costs of transcatheter heart valves, risk associated with procedure and certain device related issue such as product recalls by manufacturers, malpositioning during implantation impede growth of the market to a certain extent. Market Segmentation by Product Type Persistence Market Research 4 Global Transcatheter Heart Valve Replacement and Repair Market, 2016– 2026 On the basis of product type, the market has been segmented into transcatheter aortic valve replacement (TAVR) and transcatheter mitral valve repair (TMVR). In terms of value, TAVR segment is expected to account for 79.9% market share in global transcatheter heart valve replacement & repair market by 2026 end. Market Segmentation by Surgical Approach On the basis of surgical approach, the market has been segmented into transfemoral approach, transapical approach and transaortic approach. Transfemoral segment accounted for highest market share of 82.1% in 2015 and is expected to retain its dominance throughout the forecast period. Increasing focus on investigational products by various vendors boost the market growth of transcatheter valves across the globe. Market Segmentation by End User On the basis of end user, the market has been segmented into hospitals, ambulatory surgical centres and cardiac catheterization laboratory. Hospital segment is expected to exhibit the highest growth over the forecast period, followed by cardiac catheterization laboratory segment. Increasing patient population seeking effective and efficient treatment with shorter recovery time are key factors driving adoption of new medical devices and technologies in hospitals. Key Regions The global transcatheter heart valve replacement & repair market has been segmented into five major regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa (MEA). In terms of value, the North America market is estimated to dominate the global transcatheter heart valve replacement & repair market in 2016, and is expected to expand at a CAGR of 14.2% over the forecast period. Asia Pacific excluding Japan, MEA, and Latin America are expected to be the fastest growing markets over the forecast period. Asia Pacific excluding Japan market is Persistence Market Research 5 Global Transcatheter Heart Valve Replacement and Repair Market, 2016– 2026 expected to witness highest CAGR of 13.9 % over the forecast period. In North America, segment is expected to grow at faster rate to reach the value US$ 3,552.4 Mn by 2026 end. Market in Europe is expected to exhibit healthy CAGR owing to growing acceptance of THV products in the region. Key Players Some of the key players in the global transcatheter heart valve replacement & repair market are Edwards Lifesciences Corporation, Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories, St. Jude Medical, Inc., St. Jude Medical, Inc., JenaValve Technology, SYMETIS, Braile Biomedica. PMR for Journalist: http://www.persistencemarketresearch.com/page/journalistresources.asp About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. 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