Increasing cardiovascular disease prevalence across the globe coupled with ongoing research and development is expected to stimulate market growth
According to the current analysis of Reports and Data, the global transcatheter pulmonary valve therapy market was valued at USD 37.8 million in 2018 and is expected to reach USD 66.4 million by the year 2026, at a CAGR of 7.2 percent. Transcatheter Pulmonary Valve Therapy has come up as the treatment of choice in most congenital heart disease patients with degeneration of a previous right ventricular outflow tract repair. To avoid the need for repeat median sternotomy procedures, less invasive catheter-based interventions to treat pulmonary valve dysfunction have been developed over time.
The global market is driven by the rising incidence of congenital heart diseases and increasing awareness associated with TPV Therapy. For instance, in the United States, the incidence of congenital heart defects ranges between 4 to10 cases per 1,000, clustering around 8 cases per 1,000 live births. Continental variations in birth prevalence have been observed, from about 6.9 cases per 1000 births in Europe to 9.3 cases per 1000 births in Asia. However, the relationship between valve size and balloon waist may reflect selection and procedural bias, which is likely to hinder the market growth
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Further key findings from the report suggest
- Transcatheter Pulmonary Valve Therapy market is rising at a high growth rate of 7.2 percent in Asia Pacific followed by North America and Europe. High incidence of cardiovascular diseases will drive the demand for the market during forecast period across all regions.
- The valuation for balloon expanded transcatheter Valve market was USD 30.5 million in 2017 and is expected to grow to USD 53.0 million by 2026. Benefits associated with transcatheter pulmonary Valve is the key factor supporting the increasing adoption of the theraphy and consequently contributing to the market growth.
- Asia Pacific is expected to witness a CAGR of 12.9 percent in the forecast period. Emerging markets such China and Japan are likely to witness high growth
- Regional reimbursement scenario is another key regulatory factor for adoption and growth of transcatheter pulmonary valve therapy in the region..
- Key participants include Medtronic, Edward Lifesciences, Cryolife Inc, and Venus Medtech.
For the purpose of this report, Reports and Data has segmented the global transcatheter pulmonary valve therapy market on the basis of product, piling method and region:
Type (Revenue, USD Million; 2016–2026)
- Balloon expanded
- Self-expanded Transcatheter Valve
Application Outlook (Revenue, USD Million; 2016–2026)
- Cardiology Centers
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Regional Outlook (Revenue, USD Million; 2016–2026)
- North America
- The Netherlands
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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