Global Transcatheter Aortic Valve Implantation Market: Overview
Transcatheter aortic valve implantation (TAVI), also referred as transcatheter aortic valve replacement (TAVR), is a minimally invasive surgical procedure conducted in order to treat high-risk patients suffering from aortic stenosis. These high-risk patients cannot undergo operation or surgical aortic valve replacement (SAVR) procedure. The geriatric population are among the high-risk category patients, as it is very risky to conduct open-heart procedure on them. In the TAVR procedure, implantation of transcatheter aortic valves is carried out to rejuvenate the blood circulation capability of the aortic valves. Demand for transcatheter aortic valve implantation is increasing owing to rise in prevalence of aortic stenosis.
Global Transcatheter Aortic Valve Implantation Market: Key Trends
The global transcatheter aortic valve implantation (TAVI) market is driven by increase in geriatric population, technological advancements in transcatheter aortic valves, and high adoption rate of TAVI devices. Additionally, increase in the number of patients suffering from CVDs such as coronary artery diseases, hypertension, or heart failure, rise in the adoption of minimally invasive procedures, reduction in hospital stay duration, and lower risk of infection boost market growth.
Global Transcatheter Aortic Valve Implantation Market: Segmentation
The global transcatheter aortic valve implantation market can be segmented based on procedure and region. In terms of procedure, the market can be classified into transfemoral implantation, transapical implantation, and transaortic implantation. The transfemoral implantation segment accounted for the largest market share in 2018 and the trend is projected to continue during the forecast period.
Global Transcatheter Aortic Valve Implantation Market: Regional Analysis
Based on region, the global transcatheter aortic valve implantation market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to capture major market share owing to increase in health care investments by manufacturers and high R&D expenditure by companies for the development of these devices. Additionally, rise in prevalence of coronary artery diseases, hypertension, or heart failure fuels the growth of the transcatheter aortic valve implantation market in North America. Israel is an emerging market for TAVI due to large geriatric population and high unmet needs. This in turn is expected to boost the growth of the market in the Middle East. Major players are investing in the Middle East owing to lack of facilities and high demand for treatment devices. Moreover, rapid urbanization has resulted in lifestyle, diet, and behavioral & cultural changes among the population of South Africa. Hence, the rise in incidence of cardiac diseases is expected to rise in the forecast years, which has resulted in making South Africa one of the emerging nations that helps in the growth of transcatheter aortic valve implantation (TAVI) market. The rest of Latin American region includes Argentina, Egypt, Iran, Colombia, Turkey, and Nigeria. These regions are lucrative for the major players of the market owing to rise in demand for unmet medical treatments.
Global Transcatheter Aortic Valve Implantation Market: Competitive Landscape
Key players in the global transcatheter aortic valve implantation market include JC Medical, Inc., Abbott Laboratories, Bracco S.p.A. (HLT, Inc.), Meril Life Sciences Pvt. Ltd., JenaValve Technology, Inc., Boston Scientific Corporation (Symetis SA), Medtronic plc, Edwards Lifesciences Corporation, NVT AG, and Venus Medtech, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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