The valvular heart disease treatment market is estimated to observe expansive growth across the assessment period of 2019-2027 on the back of the rising incidence of cardiovascular diseases among a large chunk of the global populace.
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- The lifestyle of many individuals around the globe has been affected due to hectic routines and changing food habits has resulted in an increase in the cardiovascular diseases and disorders. All these factors will have a positive impact on the growth of the valvular heart disease treatment market.
- The expanding geriatric population numbers will serve as a vital growth-contributing factor for the valvular heart disease treatment market. The World Health Organization (WHO) has predicted that the global above 60 population number will nearly double from 12 percent to 22 percent between 2015 and 2050. These statistics highlight the need for valvular heart disease treatment in the near future. These aspects bode well for the growth of the valvular heart disease treatment market.
- Research and development activities play a major role in the growth of the valvular heart disease treatment market. The players focus on these activities for discovering insights. The insights help in increasing the customer base of the players in the valvular heart disease treatment market, ultimately contributing to the growth.
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Valvular Heart Disease Treatment Market
Valvular heart disease is any disease including any at least one than one of the four valves of the heart. The condition, for countless cases happens because of advanced age which isn't preventable. In addition, if not treated suitably on schedule, there are high dangers for valvular heart diseases to result in death owing to the seriousness of the case. As a matter of fact, valvular heart disease treatment market enjoys an upper hand over other cardiovascular disease treatment markets. Additionally, expanding number of coronary conduit diseases, appropriation of negligibly obtrusive medical procedures, adoption of sedentary lifestyle, and expanding geriatric populace are projected to boost the growth of this market in the coming years.
The Valvular Heart Disease treatment market is generating significant revenues on account of the expansion in the number of coronary artery disease. The developing geriatric populace is also boosting this market as they are more prone to valvular heart diseases and its adverse effects. This is further attributed to their developing age. People with regular drinking habits are also responsible for the rise in cases of heart diseases which ultimately promotes the growth of this market. The increasing use of minimally invasive surgeries will further augment the growth of this market in future.
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Valvular Heart Disease Treatment Market Introduction
Pulmonic, aortic, mitral, and tricuspid are the four types of heart valves, which control the flow of blood across the heart chambers and their connecting arteries. Damage to any of the valves can lead to valvular diseases. Valvular diseases are treated by repairing or replacing the heart valves. Fatigue, swelling of feet or ankles, dizziness, abnormal sound, and irregular heartbeat are the symptoms of valvular heart disease. Valvular heart diseases can also be caused due to infection or other heart conditions. Congenital heart disease, heart failure, high blood pressure, and old age are the risk factors for valvular heart disease.
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Valvular Heart Disease Treatment Market – Competition Landscape
The global valvular heart disease treatment market is highly consolidated with presence of few players holding major share of the market. Key players are engaged in the development of new products and technologies, extension of device indications, and product approvals. Leading players operating in the global valvular heart disease treatment market are Boston Scientific Corporation, Cook Medical, B. Braun Melsungen AG, Neovasc, Inc., Medtronic, Abbott, LifeNet Health, LivaNova plc, Micro Interventional Devices, Inc., Edwards Lifesciences Corporation, and CryoLife, Inc.
Valvular Heart Disease Treatment Market Dynamics
High prevalence of valvular heart disease:
Rise in prevalence of coronary artery diseases, heart attack, and cardiovascular diseases is the major factor projected to drive the global valvular heart disease treatment market. Additionally, excessive consumption of alcohol and change in lifestyle are anticipated to propel the global market during the forecast period. Increase in adoption of minimally invasive techniques is another factor expected to augment the global valvular heart disease treatment market.
According to the World Health Organization, cardiovascular disease is one of the major causes of deaths across the world. CVDs such as heart attack and stroke account for 17.9 million deaths across the globe each year. Nearly 17.9 million deaths occurred in 2012 across the world due to cardiovascular diseases.
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High cost of products to restrain the market expansion
Implantable devices such as heart valves, grafts and annuloplasty rings are the most recommended treatment options for valvular heart diseases. Limited number of suppliers and high precision and proprietary knowledge required for development and deployment of this devices incurs high cost. Also in case of using mechanical heart prosthetics, patients are on long term administration of blood thinners or anti-coagulant drugs which further makes the treatment expensive.
Valvular Heart Disease Treatment Market – Segmentation
The global valvular heart disease treatment market can be bifurcated on the basis of product type, treatment, application, and end-user
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