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The global market for tissue heart valves will grow slowly over the forecast period and will post a moderate CAGR of almost 4% by 2020. The large-scale implementation of minimally invasive (MI) procedures will aid in the growth of this market during the forecast period. Physicians use invasive and MI procedures, such as sternotomy and thoracotomy, to implant tissue heart valves in people suffering from heart valve diseases. Since invasive procedures cause pleural effusion, arrhythmia, pleuritis, pericardial effusion, pericarditis, and infections in the lungs, physicians have been compelled to opt for MI surgeries for device implantation.
MI catheter-based procedures help improve the quality of life and are extremely safe. They also reduce the need for blood transfusions, the risk of infections, and hospital stays. This recent shift from open-heart procedures to MI methods will aid in the growth of this market until the end of 2020.
An important factor that will spur the prospects for market growth is the rising preference for tissue heart valve replacement surgeries among the geriatric population. Recently, it has been observed that physicians perform tissue heart valve replacement surgeries to treat people who are aged 60 and above as they are at a high risk of developing complications. Mechanical heart valves can cause bleeding and increase the chances of reoperations in people of this age group. Since the use of tissue heart valves in people of this age group lowers the risks of bleeding, physicians are increasingly opting for this method as it helps to reduce the use of oral anticoagulation drugs for the management of bleeding complications.
The stented tissue heart valves segment dominated this market during 2015 as it accounted for a market share of more than more than 71%. Stented tissue heart valves are made from bovine or porcine heart tissues and are treated and mounted on an artificial stent. These artificial stents are metal or plastic stents with three posts surrounded by a sewing ring at the base. This sewing ring facilitates the secure fixation of the implanted graft in the valve annulus, whereas the valve ring diminishes the opening valve area of the graft.
In this market research, analysts have estimated the Americas to account for almost 41% of the total market share by 2020. The high incidence of heart valve diseases, such as such as aortic valve degeneration, and aortic stenosis, in this region, is a critical factor that will spur market growth until the end of the forecast period. Furthermore, a rise in the aging population will also augment the demand for tissue heart valves in the region.
The global tissue heart valves market is consolidated and highly competitive owing to the presence of well-established vendors like Medtronic and Edwards Lifesciences. The well-established companies in this market have a strong brand name as they have the capability to offer a wide range of products. These vendors also have sizeable shares in the market, which, in turn, hinders the entry of new players.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Cost analysis
PART 07: Market segmentation by product
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
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