Global Transcatheter Aortic Valve Replacement Market Trends and Outlook
The global transcatheter Aortic Valve Replacement market growth & size is valued at nearly $10.2 billion by the year 2030, with a CAGR of 7.2% predicted from 2023 through 2030. The growing elderly populace and the pervasiveness of risk aspects such as aortic valve stenosis (AS) and other connected ailments are continually fostering the requirement for transcatheter aortic valve replacement (TAVR) processes. Based on data from the World Heart Federation during 2022, rheumatic heart disease has impacted nearly 40 million individuals on an international scale. This condition is classified as permanent damage to the heart valves resulting from rheumatic fever.
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In addition, the enlargement of the transcatheter aortic valve implantation market is commonly fostered by different aspects, involving the rising occurrence of aortic stenosis, augmented requirement for different TAVR processes, and unremitting innovations in technology within the transcatheter aortic valve implantation field. Nonetheless, the growth of the TAVR market is fostered by the growing elderly populace, as the older population is more inclined to develop aortic stenosis. The market is witnessing growth owing to continuous technological innovations in TAVR valve technology and augmented awareness concerning early diagnosis.
Global Transcatheter Aortic Valve Replacement Market Driving Factors
Global Transcatheter Aortic Valve Replacement Market Segmentation
The Asia Pacific region is dignified to exhibit the most vigorous growth can be accredited to the growing prevalence of aortic stenosis diseases, the continuous advancement of healthcare infrastructure, and an augmenting awareness surrounding transcatheter aortic valve implantation. Asia-Pacific showcases a promising insight for shareholders in the transcatheter aortic valve implantation market, majorly owing to its wide population base and considerable burden of cardiovascular and lifestyle-concerned diseases. In addition, the escalation in the number of transfemoral TAVI processes in emerging regions such as India, and China functions as a pivotal driver of the market enlargement.
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