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Transcatheter Aortic Valve Replacement (TAVR) Trends and Forecast
The future of the global transcatheter aortic valve replacement (TAVR) market looks promising with opportunities in the hospital and ambulatory surgical centre markets. The global transcatheter aortic valve replacement (TAVR) market is expected to reach an estimated $19.8 billion by 2030 with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are rising cases of aortic stenosis, growing demand for minimally invasive procedures for valve replacement, and continuos technological advancements in TAVR devices.
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Transcatheter Aortic Valve Replacement (TAVR) by Segment
The study includes a forecast for the global transcatheter aortic valve replacement (TAVR) by product type, material, end use, and region.
Transcatheter Aortic Valve Replacement (TAVR) Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Transcatheter Aortic Valve
• Sutureless Valve
• Others
Transcatheter Aortic Valve Replacement (TAVR) Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Stainless Steel
• Nitinol
• Cobalt Chromium
• Others
Transcatheter Aortic Valve Replacement (TAVR) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Ambulatory Surgical Centres
• Others
Transcatheter Aortic Valve Replacement (TAVR) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Transcatheter Aortic Valve Replacement (TAVR) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transcatheter aortic valve replacement (TAVR) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transcatheter aortic valve replacement (TAVR) companies profiled in this report include-
• CryoLife
• Abbott
• Micro Interventional Devices
• Boston Scientific
• LivaNova
• Meril Life Sciences
• Edwards Lifesciences
Transcatheter Aortic Valve Replacement (TAVR) Market Insights
Lucintel forecasts that sutureless valve is expected to witness higher growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Transcatheter Aortic Valve Replacement (TAVR) Market
Market Size Estimates: Transcatheter aortic valve replacement (TAVR) market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Transcatheter aortic valve replacement (TAVR) market size by product type, material, end use, and region in terms of value ($B).
Regional Analysis: Transcatheter aortic valve replacement (TAVR) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, materials, end uses, and regions for the transcatheter aortic valve replacement (TAVR) market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transcatheter aortic valve replacement (TAVR) market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the transcatheter aortic valve replacement (TAVR) market size?
Answer: The global transcatheter aortic valve replacement (TAVR) market is expected to reach an estimated $19.8 billion by 2030.
Q.2 What is the growth forecast for transcatheter aortic valve replacement (TAVR) market?
Answer: The global transcatheter aortic valve replacement (TAVR) market is expected to grow with a CAGR of 16.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the transcatheter aortic valve replacement (TAVR) market?
Answer: The major drivers for this market are rising cases of aortic stenosis, growing demand for minimally invasive procedures for valve replacement, and continuos technological advancements in TAVR devices.
Q4. What are the major segments for transcatheter aortic valve replacement (TAVR) market?
Answer: The future of the transcatheter aortic valve replacement (TAVR) market looks promising with opportunities in the hospital and ambulatory surgical centre markets.
Q5. Who are the key transcatheter aortic valve replacement (TAVR) market companies?
Answer: Some of the key transcatheter aortic valve replacement (TAVR) companies are as follows:
• CryoLife
• Abbott
• Micro Interventional Devices
• Boston Scientific
• LivaNova
• Meril Life Sciences
• Edwards Lifesciences
Q6. Which transcatheter aortic valve replacement (TAVR) market segment will be the largest in future?
Answer: Lucintel forecasts that sutureless valve is expected to witness higher growth over the forecast period.
Q7. In transcatheter aortic valve replacement (TAVR) market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the transcatheter aortic valve replacement (TAVR) market by product type (transcatheter aortic valve, sutureless valve, and others), material (stainless steel, nitinol, cobalt chromium, and others), end use (hospitals, ambulatory surgical centres, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Transcatheter Aortic Valve Replacement (Tavr) Market, Transcatheter Aortic Valve Replacement (Tavr) Market Size, Transcatheter Aortic Valve Replacement (Tavr) Market Growth, Transcatheter Aortic Valve Replacement (Tavr) Market Analysis, Transcatheter Aortic Valve Replacement (Tavr) Market Report, Transcatheter Aortic Valve Replacement (Tavr) Market Share, Transcatheter Aortic Valve Replacement (Tavr) Market Trends, Transcatheter Aortic Valve Replacement (Tavr) Market Forecast, Transcatheter Aortic Valve Replacement (Tavr) Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Transcatheter Aortic Valve Replacement (TAVR) Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Transcatheter Aortic Valve Replacement (TAVR) Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Transcatheter Aortic Valve Replacement (TAVR) Market by Product Type
3.3.1: Transcatheter Aortic Valve
3.3.2: Sutureless Valve
3.3.3: Others
3.4: Global Transcatheter Aortic Valve Replacement (TAVR) Market by Material
3.4.1: Stainless Steel
3.4.2: Nitinol
3.4.3: Cobalt Chromium
3.4.4: Others
3.5: Global Transcatheter Aortic Valve Replacement (TAVR) Market by End Use
3.5.1: Hospitals
3.5.2: Ambulatory Surgical Centres
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Transcatheter Aortic Valve Replacement (TAVR) Market by Region
4.2: North American Transcatheter Aortic Valve Replacement (TAVR) Market
4.2.2: North American Transcatheter Aortic Valve Replacement (TAVR) Market by End Use: Hospitals, Ambulatory Surgical Centres, and Others
4.3: European Transcatheter Aortic Valve Replacement (TAVR) Market
4.3.1: European Transcatheter Aortic Valve Replacement (TAVR) Market by Product Type: Transcatheter Aortic Valve, Sutureless Valve, and Others
4.3.2: European Transcatheter Aortic Valve Replacement (TAVR) Market by End Use: Hospitals, Ambulatory Surgical Centres, and Others
4.4: APAC Transcatheter Aortic Valve Replacement (TAVR) Market
4.4.1: APAC Transcatheter Aortic Valve Replacement (TAVR) Market by Product Type: Transcatheter Aortic Valve, Sutureless Valve, and Others
4.4.2: APAC Transcatheter Aortic Valve Replacement (TAVR) Market by End Use: Hospitals, Ambulatory Surgical Centres, and Others
4.5: ROW Transcatheter Aortic Valve Replacement (TAVR) Market
4.5.1: ROW Transcatheter Aortic Valve Replacement (TAVR) Market by Product Type: Transcatheter Aortic Valve, Sutureless Valve, and Others
4.5.2: ROW Transcatheter Aortic Valve Replacement (TAVR) Market by End Use: Hospitals, Ambulatory Surgical Centres, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Transcatheter Aortic Valve Replacement (TAVR) Market by Product Type
6.1.2: Growth Opportunities for the Global Transcatheter Aortic Valve Replacement (TAVR) Market by Material
6.1.3: Growth Opportunities for the Global Transcatheter Aortic Valve Replacement (TAVR) Market by End Use
6.1.4: Growth Opportunities for the Global Transcatheter Aortic Valve Replacement (TAVR) Market by Region
6.2: Emerging Trends in the Global Transcatheter Aortic Valve Replacement (TAVR) Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Transcatheter Aortic Valve Replacement (TAVR) Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Transcatheter Aortic Valve Replacement (TAVR) Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: CryoLife
7.2: Abbott
7.3: Micro Interventional Devices
7.4: Boston Scientific
7.5: LivaNova
7.6: Meril Life Sciences
7.7: Edwards Lifesciences
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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