Transcatheter Aortic Valve Replacement Market Statistics
- Transcatheter aortic valve replacement (TAVR) expected to reach USD 8.86 billion by 2030.
- Aging population drives TAVR market growth at a CAGR of 13.61%.
- North America dominates the global TAVR market with over 43% share.
- Transfemoral procedure segment to lead TAVR adoption globally.
- Nitinol material holds the largest share in TAVR devices (41%).
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Research Report Overview
The Global Transcatheter Aortic Valve Replacement (TAVR) Market is projected to witness remarkable growth, reaching an estimated value of USD 8,862 million by 2030, up from USD 4,121 million in 2024. This growth is primarily fueled by the increasing prevalence of aortic valve disorders and the rapidly growing elderly population. As patients and healthcare providers increasingly embrace minimally invasive procedures, TAVR represents a crucial alternative to traditional open-heart surgery due to its advantages, including faster recovery times and reduced hospital stays.
Key Players
- Abbott Laboratories
- Boston Scientific Corporation
- Blue Sail Medical Co. Ltd.
- Bracco SpA
- Edwards Lifesciences
- JC Medical Inc.
- JenaValve Technologies Inc.
- Medtronic Plc
- Meril Lifesciences
- Venus Medtech
- St. Jude Medical, Inc.
- Coroneo Inc.
- Thubrikar Aortic Valve Inc.
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Transcatheter Aortic Valve Replacement Market Challenge and Opportunity Ahead
The transcatheter aortic valve replacement market faces notable challenges, primarily due to the high costs associated with TAVR procedures and devices, which may limit access for lower-income populations. However, significant opportunities exist, particularly in the Asia-Pacific region. The expanding healthcare sector, combined with government initiatives to cover TAVR costs under insurance programs, presents lucrative growth prospects for market players. The rising acceptance of TAVR, especially among aged and high-risk patients, further enhances its market potential.
Market Segmentation Analysis
Market Divided, By Procedure:
- Transfemoral
- Transapical
- Transaortic
Market Divided, By Mechanism:
- Balloon-expandable
- Self-expandable
Market Divided, By End User:
- Hospitals
- Ambulatory surgical centers
- Others
Market Divided, By Material:
- Nitinol
- Cobalt Chromium
- Stainless Steel
- Others
Geography:
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
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Research Methodology
- Comprehensive market data collection through both primary and secondary research.
- Evaluation of historical trends from 2020 to 2024 to project future growth.
- In-depth analysis of market drivers, challenges, opportunities, and competitive landscape.
- Surveys and interviews with key industry stakeholders to gather expert insights.
- Data triangulation to validate findings and provide accurate market assessments.
Others Report Topics
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