Global Transcatheter Aortic Valve Replacement (TAVR) Market: Trends & Opportunities (2013-18)

The report titled “Transcatheter Aortic Valve Replacement Market (TAVR): Trends and Opportunities (2013-18)” provides a detailed insight into the dynamics of TAVR market. The report assesses the current and forecasted sizing of the market on the global level and also provides insight into the number of TAVR procedures performed worldwide. Further, the report analyzes the two major markets of the TAVR procedures - Europe and the United States. The report also analyzes the market share of the major players operating in the business and the various factors driving the TAVR procedure and the recent developments in the market. The report concludes with the future outlook of the TAVR market and profiles the leading players like Edward Lifesciences, Medtronic and St. Jude Medical and their business strategies and upcoming technologies in the Transcatheter Aortic Valve Replacement market.

Recent advancements in biomedical engineering and technology have paved the way for a procedure known as Transcatheter Aortic Valve Replacement (TAVR) or Transcatheter Aortic Valve Implantation (TAVI). TAVR is a less invasive method of replacing the heart valve and has emerged as the most feasible alternative to conventional surgical aortic valve replacement. TAVR is a very promising market with lot of unmet opportunities and demands to cater to. Currently, the market is only prevalent in parts of Europe and United States and is expected to expand in the Asia Pacific and Middle East region very soon.

TAVR is a relatively very new technology in the medical business. First commercially launched in Europe in 2007 and later in the United States, the market holds immense business opportunities. With the emergence of this minimally invasive transcatheter heart valve repair technique, a significant change is expected in the valve replacement technology as the invention reduces the risks and costs associated with other heart surgeries. Further, the procedure adheres to the Food and Drug Administration (FDA) norms and policies and this will play a crucial role in shaping the structure of the market in the future.