TAVI Market Set to Revolutionize Cardiac Interventions, Poised to Exceed $16.32 billion by 2030

According to Next Move Strategy Consulting, the global TAVI market size is anticipated to surpass $16.32 billion by 2030 reflecting a CAGR of 14.6% during the forecast period till 2030. This surge is attributed to evolving consumer preferences, technological advancements, and an increasing emphasis on sustainability in household cleaning practices.
Market Overview:
The TAVI market is witnessing a paradigm shift in cardiac interventions as innovative technologies and minimally invasive procedures gain prominence.

This surge is attributed to the increasing prevalence of valvular heart diseases, aging populations, and advancements in medical research and development. TAVI procedures offer a less invasive alternative to traditional open-heart surgeries, providing patients with faster recovery times and reduced hospital stays.

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Key Market Drivers:

1.Aging Population and Increased Life Expectancy: The global rise in life expectancy and an aging population contribute significantly to the prevalence of valvular heart diseases, driving the demand for TAVI procedures as a less invasive treatment option for elderly patients.

2.Technological Advancements: Ongoing advancements in medical technology, including improved valve designs, delivery systems, and imaging techniques, enhance the safety and efficacy of TAVI procedures, making them more accessible and reliable.

3.Increasing Incidence of Valvular Heart Diseases: The growing incidence of valvular heart diseases, such as aortic stenosis, has fueled the demand for effective and less invasive treatment options, positioning TAVI as a transformative solution.

4.Rising Patient Preference for Minimally Invasive Procedures: Patients increasingly prefer minimally invasive interventions due to quicker recovery times, reduced complications, and shorter hospital stays. TAVI, as a minimally invasive approach, aligns with this trend.

Market Segmentation:
The TAVI market includes various segments, including:

Procedure: Based on procedure, the market is categorised into Transfemoral Implantation, Transapical Implantation, and Transaortic Implantation.

End Users: Based on end users, the market is segmented into Hospitals, Cardiac Catheterization Laboratories, Ambulatory Surgical Centers.

Regional: Based on regional, the market is categorised into North America, Europe, Asia Pacific, and RoW.

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Outlook and Future Prospects:
Technological advancements, like the development of new-generation TAVI devices with lower infection risks, are poised to propel the market forward.

This is because these innovations will not only improve patient outcomes but also expand the pool of eligible candidates for the procedure. With fewer concerns about infection, patients who were previously deemed too high-risk for traditional TAVI might now be considered suitable, opening up a vast new market segment.

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The TAVI market, despite its potential, faces some hurdles to growth. One major obstacle is the shortage of skilled healthcare professionals trained in this specific procedure. This lack of expertise limits the number of centers equipped to perform TAVI, restricting patient access. Additionally, the high cost of the TAVI procedure itself can act as a deterrent, particularly in regions with limited financial resources.

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Regional Analysis:
North America held the lion's share of the global TAVI market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as the presence of developed healthcare infrastructure along with high R&D expenditure for the development of these devices.

Also, the rise in the prevalence of coronary artery diseases, hypertension, or heart failure that needs surgical aortic treatment is supplementing the market growth. Moreover, the demand for TAVI is increasing due to the surging prevalence in the U.S., which consists of a large geriatric population, that is most vulnerable to valvular aortic stenosis.

On the contrary, Asia-Pacific is expected to exhibit a steady rise in the global TAVI market during the forecast period, due to factors such as increasing incidences of cardiovascular disorders, and rising accessibility to healthcare facilities in this region.

Also, growing medical tourism in countries such as Japan, Thailand, and Singapore, including procedures of TAVI in the region is expected to fuel the market in this region.

Competitive Landscape
The TAVI market comprises key players such as Abbott, JC Medical Inc., Meril Life Sciences Pvt. Ltd., HLT, Inc. (Bracco), Boston Scientific Corporation, JenaValve Technology Inc., Edwards Lifesciences Corporation, Medtronic, Venus Medtech (Hangzhou) Inc, and NVT AG(Blue Sail Medical) among others.

These players are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their products and increase their sales growth and geographical reach.

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This release was published on openPR.