Aortic Valve Market – Analysis and Forecast To 2024 | Boston Scientific Corporation, LivaNova Plc.

The aortic valve is a valve between the left ventricle and aorta. It divides the heart’s key pumping chamber and the aorta that provides oxygen intense blood to the body. Aortic valve disease restricts blood flow and forces the heart to work tougher to supply blood to the rest of the body. Aortic valve stenosis, aortic valve regurgitation is the aortic valve diseases. It is treated with the procedures such as aortic valve repair and aortic valve replacement. These procedures help to restore normal blood flow, help to preserve the function of the heart muscles, and reduce symptoms.

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Mounting inclination towards minimally invasive surgeries, escalating number of product launches and approvals, and favorable reimbursement scenario are also facilitating the growth for the aortic valve market.

Strict regulatory requirements and product recalls are the major challenges for the growth of aortic valve market.

Globally, the manufacturing companies trying to enter the aortic valve market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, due to the mounting occurrence of valvular diseases and the presence of a large number of the patient base with cardiovascular diseases. In addition, mounting healthcare expenditure, expanding geriatric population, mounting medical tourism, refining healthcare infrastructure, and escalating inclination towards minimally invasive surgery are also creating a positive impact on the aortic valve market growth in the region.

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Key players in the aortic valve market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2017, Edwards Lifesciences Corporation received FDA approval for aortic and mitral valve-in-valve procedures utilizing the Edwards SAPIEN 3 transcatheter heart valve. Boston Scientific Corporation, LivaNova Plc, Edwards Lifesciences Corporation, Abbott Laboratories, CryoLife Inc. and Medtronic plc are the key players offering aortic valve.

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