Transcatheter Aortic Valve Replacement Market, By Procedure Type (Transapical, Transfemoral and Transaortic Approach), By End User (Ambulatory Surgical Centers, Hospitals, and Cardiac Catheterization Laboratory), and By Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
REPORT HIGHLIGHT
The transcatheter aortic valve replacement market was valued at USD 2.79 billion by 2019, growing with 18.8% CAGR during the forecast period, 2020-2026.
Transcatheter aortic valve replacement (TAVR) is a modern technology mainly applier for the treatment of aortic stenosis (narrowing of the aortic valve). The severity of this condition may reduce the amount of blood reaches to body & the brain tissues and thus, demands transcatheter aortic valve replacement. As compared to the traditional heart valves replacement, the demand for this procedure is increasing due to its minimally invasive nature. During the TAVR procedure, a replacement valve has been inserted into a catheter by a cardiologist.
Furthermore, a balloon is expanded to push the valve into place to the patient’s heart through an artery. This technique is mostly indicated to treat high-risk patients suffering from aortic stenosis. As per the data published by the American Heart Association, around 1.5 million population in the U.S. are suffering from aortic valve stenosis. Thus, the demand for such procedures is projected to increase at a rapid pace in the future.
Market Dynamics
Increasing the incidence of cardiovascular disorders such as aortic valve stenosis is considered to be one of the major driving factors for this industry growth. In addition, growing preference for minimally invasive surgeries coupled with rising awareness regarding benefits of this procedure augment the market growth to some extent. The benefits of minimally invasive surgeries include rapid recovery, lesser hospital stay, and less traumatic surgical experience. This would, in turn, fuel the demand for transcatheter aortic valve replacement, driving the industry growth. Moreover, other factors such as the aging population, favorable government initiatives coupled with new product developments will support the market development to a great extent. On the contrary, the high cost of surgeries will pull back the industry growth to some extent.
Procedure Type Takeaway
On the basis of procedure type, the market is segmented as a transapical, transaortic, and transfemoral approach. From these, the transfemoral approach accounted for a relatively high market share in terms of value. This approach includes procedures such as antegradely through the aortic valve, transseptal puncture, and femoral venous access. As per the Interventional Cardiology Review (ICR), in approximately 80-90% TAVR procedures, the retrograde transfemoral approach is performed due to the improvements in delivery catheter prole, and steerability as compared with the other devices. Conversely, the transaortic approach segment is projected to expand at a substantial rate over the forecast period. This is attributed to an increasing number of aorta cannulation procedures during cardiovascular procedures.
End-User Takeaway
By end-user segmentation, the global TAVR market is categorized into cardiac catheterization laboratory, ambulatory surgical centers, and hospitals. In 2019, the hospital segment was accounted for the highest revenue share, the majority of surgical procedures are being performed in hospital settings. Patients prefer to admit to hospitals due to the availability of several insurance schemes, skilled surgeons, and advanced technologies. On the other side, ambulatory surgical centers are projected to grow with the fastest growth rate during the study period.
Regional Takeaway
In terms of geography, the global transcatheter aortic valve replacement market is viewed as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America’s market was the highest revenue-generating region in 2019. Regional growth is attributed to the rising investments by key players to develop technologically advanced devices.
The growth of this region is followed by the European market in terms of value share. The rising number of endovascular procedures coupled with a growing number of patients diagnosed with endovascular diseases is anticipated to fuel the growth of Europe’s transcatheter aortic valve replacement market. As per the data provided by the European Heart Network AISBL, each year around 45% of all deaths in Europe are caused due to endovascular diseases and cause 3.9 million deaths in the region. On the contrary, the Asia Pacific market is anticipated to grow at a substantial growth rate over the forecast period. Factors such as the aging population, growing medical tourism, increasing demand for minimally invasive surgery, developing healthcare facilities, and rapid economic growth are some of the crucial factors responsible for the growth of the Asia Pacific market.
Key Vendor Takeaway
Abbott Laboratories, Transcatheter Technologies GmbH, Bracco SpA, St. Jude Medical, Inc., Edwards Lifesciences Corporation, JenaValve Technology, Inc., Meril Life Sciences Pvt. Ltd. Inc., Medtronic plc, and Boston Scientific Corporation are some of the key players operating in this industry.
Companies are actively focusing on innovative technology development through high investments in research and development. In August 2019, a medical device company, Medtronic, received the U.S. FDA approval of the Evolut TAVR system. This product has received expanded indication for the treatment of symptomatic severe aortic stenosis. Such introductions would, in turn, help companies to attract a large customer base.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET KEY PLAYERS
- Meril Life Sciences
- Edwards Lifesciences
- Jude Medical, Inc.
- JenaValve Technology, Inc.
- Medtronic plc
- Boston Scientific Corporation
- Bracco SpA
- Transcatheter Technologies GmbH
- Abbott Laboratories
TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET BY PROCEDURE TYPE
- Transapical Approach
- Transaortic Approach
- Transfemoral Approach
TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET, BY END USER
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Cardiac Catheterization Laboratory
- Others
TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Procedure Type
2.1.2. Market Snippet by End User
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. TRANSCATHETER AORTIC VALVE REPLACEMENT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. TRANSCATHETER AORTIC VALVE REPLACEMENT INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. COVID-19 Impact Analysis
4.5.1. Pre-COVID-19 Impact Analysis
4.5.2. Post-COVID-19 Impact Analysis
5. TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET – BY PROCEDURE TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Procedure Type, 2019 & 2026 (%)
6.2. Transapical Approach
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Transfemoral Approach
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Transaortic Approach
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET – BY END USER
7.1. Overview
7.1.1. Segment Share Analysis, By End User, 2019 & 2026 (%)
7.2. Cardiac Catheterization Laboratory
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Hospitals
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Ambulatory Surgical Centres (ASCs)
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. TRANSCATHETER AORTIC VALVE REPLACEMENT MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Market Size and Forecast, By Procedure Type, 2015 – 2026 (US$ Million)
8.2.5. North America Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Procedure Type, 2015 – 2026 (US$ Million)
8.3.5. Europe Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Procedure Type, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Procedure Type, 2015 – 2026 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Procedure Type, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By End User, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Boston Scientific Corporation
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Bracco SpA
9.3. Meril Life Sciences
9.4. Edwards Lifesciences
9.5. St. Jude Medical, Inc.
9.6. JenaValve Technology, Inc.
9.7. Medtronic plc
9.8. Transcatheter Technologies GmbH
9.9. Abbott Laboratories
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Transcatheter Aortic Valve Replacement market: Procedure Type Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Procedure Type
TABLE Global Transcatheter Aortic Valve Replacement market, by Procedure Type 2015-2026 (USD Million)
TABLE Transcatheter Aortic Valve Replacement market: End User Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by End User
TABLE Global Transcatheter Aortic Valve Replacement market, by End User 2015-2026 (USD Million)
TABLE Transcatheter Aortic Valve Replacement market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Transcatheter Aortic Valve Replacement market, by Region 2015-2026 (USD Million)
TABLE North America Transcatheter Aortic Valve Replacement market, by Country, 2015-2026 (USD Million)
TABLE North America Transcatheter Aortic Valve Replacement market, by Procedure Type, 2015-2026 (USD Million)
TABLE North America Transcatheter Aortic Valve Replacement market, by End User, 2015-2026 (USD Million)
TABLE Europe Transcatheter Aortic Valve Replacement market, by Country, 2015-2026 (USD Million)
TABLE Europe Transcatheter Aortic Valve Replacement market, by Procedure Type, 2015-2026 (USD Million)
TABLE Europe Transcatheter Aortic Valve Replacement market, by End User, 2015-2026 (USD Million)
TABLE Asia Pacific Transcatheter Aortic Valve Replacement market, by Country, 2015-2026 (USD Million)
TABLE Asia Pacific Transcatheter Aortic Valve Replacement market, by Procedure Type, 2015-2026 (USD Million)
TABLE Asia Pacific Transcatheter Aortic Valve Replacement market, by End User, 2015-2026 (USD Million)
TABLE Latin America Transcatheter Aortic Valve Replacement market, by Country, 2015-2026 (USD Million)
TABLE Latin America Transcatheter Aortic Valve Replacement market, by Procedure Type, 2015-2026 (USD Million)
TABLE Latin America Transcatheter Aortic Valve Replacement market, by End User, 2015-2026 (USD Million)
TABLE Middle East and Africa Transcatheter Aortic Valve Replacement market, by Country, 2015-2026 (USD Million)
TABLE Middle East and Africa Transcatheter Aortic Valve Replacement market, by Procedure Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Transcatheter Aortic Valve Replacement market, by End User, 2015-2026 (USD Million)
List of Figures
FIGURE Transcatheter Aortic Valve Replacement market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparision Study
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Procedure Type segment market share analysis, 2019 & 2026
FIGURE Procedure Type segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Transfemoral Approach market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Transapical Approach market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Transaortic Approach market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE End User segment market share analysis, 2019 & 2026
FIGURE End User segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Hospitals market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Ambulatory Surgical Centers (ASCs) market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Cardiac Catheterization Laboratory market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Transcatheter Aortic Valve Replacement market share and leading players, 2018
FIGURE Europe Transcatheter Aortic Valve Replacement market share and leading players, 2018
FIGURE Asia Pacific Transcatheter Aortic Valve Replacement market share and leading players, 2018
FIGURE Latin America Transcatheter Aortic Valve Replacement market share and leading players, 2018
FIGURE Middle East and Africa Transcatheter Aortic Valve Replacement market share and leading players, 2018
FIGURE North America Transcatheter Aortic Valve Replacement market share analysis by country, 2018
FIGURE U.S. Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Transcatheter Aortic Valve Replacement market share analysis by country, 2018
FIGURE Germany Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE FranceTranscatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Transcatheter Aortic Valve Replacement market share analysis by country, 2018
FIGURE India Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APACTranscatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin AmericaTranscatheter Aortic Valve Replacement market share analysis by country, 2018
FIGURE BrazilTranscatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Transcatheter Aortic Valve Replacement market share analysis by country, 2018
FIGURE Saudi Arabia Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Transcatheter Aortic Valve Replacement market size, forecast and trend analysis, 2015 to 2026 (USD Million)
