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(MoneyNewsWire.Net, March 01, 2018 ) Transcatheter Aortic Valve Replacement (TAVR) is a minimally invasive surgical treatment that repairs the Aortic valve while not removing the recent, broken valve. Instead, it wedges a replacement valve into the aortal valve’s place. Somewhat just like a tube placed in the associated artery, the TAVR approach delivers a totally foldaway replacement valve to the valve website through a tubing. Once the new valve is dilated, it pushes the recent valve leaflets out of the means and also the tissue within the replacement valve takes over the task of control blood flow.
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The global Transcatheter Aortic Valve Replacement market value is evaluated to be USD 1.84 billion in 2016 and is estimated to reach USD 4.29 billion by 2021 at a CAGR of 18.5%. The global population is aging and increasing, particularly in developed countries akin to the U.S., Europe, and Japan. It’s expected that the worldwide aged population would rise from 760 million in 2011 to 2 billion by 2050.
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Aging induces the minimally invasive surgical procedures that necessitate the growing of endovascular procedures. Therefore, the very fact that the planet is aging acts as a driver for the expansion of transcatheter semilunar valve replacement market.
Rising patient awareness about the benefits of minimally invasive procedures such as less traumatic surgical experience reduced hospital stay, and faster recovery would meet the patients' demand. These factors of increasing number of minimally invasive surgeries and growing patient awareness would boost the demand for transcatheter aortic valve replacement.
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Geographically, the market is categorised into North America, Latin America, Asia-pacific, Europe and Middle East & Africa. North America is expected to dominate the market globally and Asia-pacific is expected to witness a major growth rate during the forecast period.
Some of the key players of Transcatheter Aortic Valve Replacement market include Edwards Lifesciences Corporation, Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories, St. Jude Medical Inc., JenaValve Technology, Inc., Symetis SA, Direct Flow Medical Inc., Sorin Group, Meril Life Sciences India Pvt Ltd, and Braile Biomedica.
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