TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The global transcatheter aortic valve replacement market is estimated to be valued at USD 6.71 Bn in 2024 and is expected to reach USD 10.80 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031. The global transcatheter aortic valve replacement market has been growing rapidly over the past decade backed by the rising geriatric population and increasing prevalence of aortic stenosis globally. TAVR procedures offer a minimally invasive treatment option for severe aortic stenosis patients who are at high risk for open-heart surgeries. The technique involves threading a collapsible prosthetic heart valve through a catheter into the body and placing it inside the diseased native aortic valve. This method reduces risks associated with open-heart surgeries such as severe bleeding, infections, and long hospital recovery times. As more clinical evidence demonstrates the safety, efficacy, and longevity of TAVR patient eligibility criteria have expanded, driving wider market adoption in key regions such as North America. Widespread technological advancements especially around valve delivery systems and new product approvals too have boosted the uptake of TAVR globally.
Market Dynamics:
The global transcatheter aortic valve replacement market is primarily driven by the rapidly growing geriatric population base that is more susceptible to aortic stenosis. Rising life expectancy and aging demographics worldwide have significantly upscaled the patient pool requiring heart valve replacements. In October 2024, as per the WHO estimates, the global population aged 60 years and over is projected to double from 12% to 22% between 2015 and 2050. Growing burden of cardiovascular diseases and increasing awareness about minimally invasive procedures have further propelled the adoption of transcatheter aortic valve replacement. Transcatheter approaches are preferred over open-heart surgeries since they offer shortened recovery times, reduced hospital stays, and lower complication risks, especially for high-risk patients. However, the market potential of transcatheter aortic valve replacement is still untapped in developing nations where a majority population lacks access to advanced cardiac care.
Key Features of the Study:
- This report provides in-depth analysis of the global transcatheter aortic valve replacement market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global transcatheter aortic valve replacement market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Edwards Lifesciences Corp., Medtronic Plc., Abbott Laboratories., Boston Scientific Corp., MicroPort Scientific Corp., JenaValve Technology GmbH., Cardiovascular Systems, Inc., Symetis SA., Lepu Medical Technology Co., Ltd., Terumo Corporation., St. Jude Medical (now part of Abbott)., AtriCure, Inc., Vascular Solutions, Inc., Biotronik SE & Co. KG., and Cook Medical
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global transcatheter aortic valve replacement market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global transcatheter aortic valve replacement market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Transcatheter Aortic Valve Replacement Market' - Global forecast to 2031
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