Middle East and Africa Heart Valve Repair and Replacement Market, By Product (Surgical Heart Valves Replacement, Surgical Heart Valves Repair, TAVI / TAVR Valves, Grafts, Patches, Medication and Others), Procedure (Surgical Procedure and Non-Surgical Procedure), Indication (Valvular Stenosis, Valvular Insufficiency, Mitral Valve Prolapse and Others), End User (Hospital, Specialty Centers, Cardiac Catheterization Lab, Ambulatory Surgical Centers and Others), Distribution Channel (Direct Tender, Retail Sales and Others), Country (South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Heart Valve Repair and Replacement Market
The heart valve repair and replacement market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the heart valve repair and replacement market is growing with a CAGR of 12.0% in the forecast period of 2021 to 2028 and is expected to reach USD 2,119.32 million by 2028. The increase in incidence of valvular heart defects is expected to drive the heart valve repair and replacement market.
Blood is pumped through the heart in one direction. Heart valves play a pivotal role in this one-way blood flow, inaugural and closing with each heartbeat. The pressure changes on either side of the valves cause them to open their flap-type “doors” (called cups or leaflets) at just the right time, then close compactly to avert a backflow of blood. Doctors treat valves with medicines if it is not severe else it is treated with surgeries to repair or replace the valve.
Rise in geriatric population and heart valve repair and replacement procedures is expected to boost the demand of the heart valve repair and replacement market. High cost of cardiac valves is projected to restraint the growth of the heart valve repair and replacement market. Rise in obese population is expected to provide lucrative opportunity for the heart valve repair and replacement market. Dearth of skilled professionals is expected to challenge the heart valve repair and replacement market.
The heart valve repair and replacement market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the heart valve repair and replacement market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Heart Valve Repair and Replacement Market Scope and Market Size
The heart valve repair and replacement market is segmented on the basis of product, procedure, indication, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the heart valve repair and replacement market is segmented into surgical heart valves replacement, surgical heart valves repair, TAVI / TAVR valves, grafts, patches, medication and others. In 2021, surgical heart valves replacement segment is expected to dominate the market due to increasing incidence of heart valve defects.
- On the basis of procedure, the heart valve repair and replacement market is segmented into surgical procedure and non-surgical procedure. In 2021, surgical procedure segment is expected to dominate the heart valve repair and replacement market because of rising demand of minimally invasive surgery and healthcare expenditure.
- On the basis of indication, the heart valve repair and replacement market is segmented into valvular stenosis, valvular insufficiency, mitral valve prolapse and others. In 2021, valvular stenosis segment is expected to dominate the heart valve repair and replacement market because of increasing technological advancement and rising collaborations among the market players.
- On the basis of end user, the heart valve repair and replacement market is segmented into hospital, specialty centres, cardiac catheterization lab, ambulatory surgical centers and others. In 2021, hospital segment is expected to dominate the heart valve repair and replacement market because of large number of players in the market.
- On the basis of distribution channel, the heart valve repair and replacement market is segmented into direct tender, retail sales and others. In 2021, direct tender segment is expected to dominate the heart valve repair and replacement market because of large number of players in the market.
Middle East and Africa Heart Valve Repair and Replacement Market Country Level Analysis
Middle East and Africa heart valve repair and replacement market is analysed and market size information is provided by the country, product, procedure, indication, end user and distribution channel as referenced above.
The countries covered in the Middle East and Africa heart valve repair and replacement market report are the South Africa, Saudi Arabia, UAE, Egypt, Israel and rest of Middle East and Africa.
South Africa is expected to dominate in the Middle East and Africa heart valve repair and replacement market due to increasing incidences of valvular heart diseases in the region and Middle East and Africa is expected to growth with the highest CAGR in the forecasted period due to increasing healthcare expenditure by hospital in medical devices in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Partnership is Creating New Opportunities for Players in the Heart Valve Repair and Replacement Market
The heart valve repair and replacement market also provides you with detailed market analysis for every country growth in particular industry with the heart valve repair and replacement market sales, impact of advancement in the heart valve repair and replacement market and changes in regulatory scenarios with their support for the heart valve repair and replacement market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Heart Valve Repair and Replacement Market Share Analysis
The heart valve repair and replacement market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Middle East and Africa heart valve repair and replacement market.
The major players covered in the Middle East and Africa heart valve repair and replacement market report are Abbott, Medtronic, LivaNova PLC, Meril Life Sciences Pvt. Ltd., CardiaMed, Edwards Lifesciences Corporation, BIOTRONIK SE & Co. KG among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the heart valve repair and replacement market.
For instance,
- In December 2020, Abbott launched a minimally-invasive heart valve repair device in India to treat mitral regurgitation. It has helped restore the heart’s ability to pump oxygenated blood more efficiently and helped improve the company’s revenue.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the heart valve repair and replacement market which also provides the benefit for organisation to improve their offering for heart valve repair and replacement.
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