Global Transcatheter Mitral Valve Replacement Market 2016-2020

Outlook of the transcatheter mitral valve replacement market

According to the transcatheter mitral valve replacement Market (TAVR) key insights, Technavio’s analyst has estimated that the global transcatheter mitral valve replacement market will grow stupendously at a CAGR of approximately 22% over the forecast period. With the increasing prevalence of mitral regurgitation, the market for transcatheter mitral valve replacement will have a positive outlook until the end of 2020. In 2009, research studies estimated that over 176 million people worldwide were suffering from mitral regurgitation. With age, the heart muscles lose their elasticity and their ability to respond to different pressure rates. This makes most individuals aged 60 or above susceptible to heart disorders such as mitral regurgitation. Furthermore, the rapidly increasing older population is driving the TAVR market growth because aging increases the chances of developing cardiovascular disorders including mitral regurgitation.

Factors like the recent advancements in technology, material, and design of prosthetic valves and delivery devices will aid the prospects for market growth until the end of the forecast period. The growing focus on compatibility and durability of implants in the human body has increased the preference for transcatheter mitral valves when compared to mechanical prosthetic valves. This shift from open-heart procedures to minimally invasive surgical methods for the implantation of devices like transcatheter mitral valves is expected to drive the market growth for transcatheter mitral valve replacements during the forecast period.

Product segmentation and analysis of the transcatheter mitral valve replacement market

• Transfemoral implantation
• Transapical implantation

Transfemoral implantation involves the use of a catheter to implant the transcatheter mitral valve through the femoral artery to the mitral valve. This procedure has no limitation on incision diameter. Therefore, it is preferred for the implantation of large transcatheter mitral valve replacement devices.

Geographical segmentation and analysis of the transcatheter mitral valve replacement market

• Americas
• APAC
• EMEA

During 2015, the Americas was the largest market for transcatheter mitral valve replacement as it accounted for more than 49% of the market share. The market in the Americas is expected to grow rapidly due to the increasing incidences of mitral valve disorders in the region. Furthermore, the advances in technology and implementation of minimally invasive transcatheter mitral valve replacement procedures will aid in the growth of the TAVR market value until the end of 2020.

Competitive landscape and key vendors

The global market for transcatheter mitral valve replacement is highly consolidated with the presence of only a few providers that offer their products worldwide.  The regulatory approval process in the US is more stringent compared to that in Europe which makes it increasingly difficult for vendors to gain regulatory approval and launch their products in the US. The vendor competition is expected to intensify with an increase in mergers and acquisitions and R&D to develop new-age devices and products.

Key vendors in this market are 

• Abbott Laboratories
• Edwards Lifesciences
• Micro Interventional Devices
• Neovasc

Other prominent vendors in the market are MitrAssist, NaviGate Cardiac Structures, and Valtech.

Key questions answered in the report include

• What will the transcatheter mitral valve replacement market size and the growth rate be in 2020?
• What are the key factors driving the global transcatheter mitral valve replacement market?
• What are the key market trends impacting the growth of the global transcatheter mitral valve replacement market?
• What are the challenges to market growth?
• Who are the key vendors in the global transcatheter mitral valve replacement market?
• What are the market opportunities and threats faced by the vendors in the global transcatheter mitral valve replacement market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global transcatheter mitral valve replacement market?

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