Transcatheter Aortic Valve Implantation (TAVI) Market : Global Opportunity Analysis and Industry Forecast, 2018––2026

Transcatheter Aortic Valve Implantation (TAVI) Market Research:

From 2018 to 2026, the global transcatheter aortic valve implantation market is expected to increase at a CAGR of 14.0 percent, from $4,455 million in 2018 to $16,999 million in 2030. Transcatheter aortic valve implantation is an open cardiac surgery that replaces a narrowed aortic valve using a minimally invasive approach. It's a drug that's used to treat aortic stenosis.

Aortic stenosis is a condition in which the aortic valve does not fully open, causing blood flow to be restricted. The aorta is a major artery that connects the heart to the rest of the body. These high-risk patients are those who are unable to undergo a surgical aortic valve replacement (SAVR) treatment because they are inoperable. The elderly are considered high-risk because open-heart surgery is too dangerous for them. Transcatheter aortic valve replacement (TAVR) includes implanting transcatheter aortic valves to restore the aortic valve's blood circulation capabilities.

The rise in demand for various TAVI procedures, as well as improvements in technology in the field of transcatheter aortic valve implantation, are driving the growth of the Transcatheter Aortic Valve Implantation (TAVI) Market. Furthermore, because elderly people are more prone to aortic stenosis, the TAVI market is fueled by the growing geriatric population. Furthermore, technological improvements in TAVI valves and increased awareness about early diagnosis are propelling the market forward.

Transcatheter Aortic Valve Implantation (TAVI) Market growth is hampered by tight government rules for licencing of transcatheter aortic valves, which are class III medical devices, and the high cost associated with TAVI. Alternatively, the use of TAVI systems for new indications, rising healthcare expenditure in emerging economies, and increased interest from key players in the global transcatheter aortic valve implantation (TAVI) industry are expected to provide the market with several growth opportunities over the forecast period.