The global aortic valve market is growing at a significant rate, due to the mounting occurrence of valvular diseases, and expanding programs for creating alertness about valve replacement. Different products such as a transcatheter aortic valve, sutureless aortic valve, and others contributed to the aortic valve market size.
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The market has witnessed a high demand for transcatheter aortic valve due to a mounting number of clinical studies for enlarging their uses, mounting occurrence of cardiovascular diseases, and escalating initiatives for research activities.
The mounting occurrence of valvular diseases, expanding the geriatric population, escalating healthcare expenditure, intensifying number of clinical trials, and expanding programs for creating alertness about valve replacement are the primary growth drivers for aortic valve market.
North America is the largest aortic valve market as in the region the healthcare expenditure is increasing.
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.
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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.
Boston Scientific Corporation, LivaNova Plc, Edwards Lifesciences Corporation, Abbott Laboratories, CryoLife Inc. and Medtronic plc are the key players offering aortic valve.
Source: VynZ Research