Global Transcatheter Heart Valve Replacement Market Size research report 2023 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.

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The global transcatheter heart valve replacement (THVR) market size was USD 4.04 billion in 2018 and is projected to reach USD 10.34 billion by 2026, exhibiting a CAGR of 12.5% during the forecast period.

Drivers & Restraints

Valve regurgitation and valve diseases are emerging as one of the leading cause of deaths. According to the American Heart Association, bicuspid aortic valve defects occur in 13.7 per 1,000 people in the U.S. This rising prevalence of cardiac valve disorders coupled with active government interventions has surged the demand for transcatheter heart valve replacement. Furthermore, green signal from the government for the launch of new products and advantages of transcatheter technology over surgical valve are contributing to the demand for transcatheter heart valve replacement. According to the article “The Year in Cardiology 2017 - Valvular Heart Disease,” published in the European Heart Journal, the total number of aortic valve replacement procedure in the world is projected to reach 850,000 by 2020. Apart from this, the rising obese population and growing prevalence of congenital heart diseases are positively impacting the market.