SOURCE: MarketResearch.com

MarketResearch.com

September 13, 2010 11:08 ET

Transcatheter Valve to Drive Growth in the Heart Valve Market

ROCKVILLE, MD--(Marketwire - September 13, 2010) -  MarketResearch.com has announced the addition of Koncept Analytics' new report "Worldwide Heart Valve Market Report: 2010 Edition," to their collection of Medical Devices market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2763938

The heart valve market is growing at a single digit rate. During the period 2001-2009, the market has grown at a CAGR of nearly seven percent, reports Koncept Analytics. Among the three distinct segments, i.e. tissue valve, mechanical valve and valve repair market, tissue valve represents the largest part of the heart valve market with a share of more than fifty percent of the total heart valve market. The heart valve repair market represents the smallest of the three segments.

The demand of mechanical valves is declining slowly with a continuous shift towards tissue valves. However, the shift towards the tissue market is slow as there is still an appropriate pool of mechanical valve patients, who are mainly younger patients who would outlive the life cycle of a tissue valve.

A new market has emerged in the last few years named as transcatheter valve market, which has a huge amount of untapped potential. According to the report, transcatheter valves represent an attractive market opportunity as the technology could expand the overall heart valve market and provide higher risk patients with a less invasive approach. The penetration of worldwide risk/refused for surgery population was just five percent in 2009, and is expected to exceed thirty percent by the end of 2015.

The growing aging population, increased consumption of junk food, increasing cases of obesity, and rising urban population are a few of the factors which are significantly driving the global heart valve market growth. The industry players are seeking opportunities in the regions with higher prevalence of these factors to increase their market presence.

The report provides an analysis of the global heart valve market. It also discusses major trends, growth drivers and potential markets for the heart valve market. The report also presents the competitive structure of the industry and profiles major players in the market with a discussion of their key business strategies.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2763938

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