Infinium Global Research

The Transcatheter Pulmonary Valve Market Is Estimated to Grow at a CAGR of 6.4% During the Forecast Period, to Reach a Market Size of US$ 51.49 Million by 2023

The Transcatheter Pulmonary Valve Market was worth USD 33.96 Million in 2016 and is projected to reach around USD 51.49 Million by 2023

 

Pune, India -- (SBWIRE) -- 11/13/2018 -- The Transcatheter Pulmonary Valve Market was worth USD 33.96 Million in 2016 and is projected to reach around USD 51.49 Million by 2023. The Transcatheter Pulmonary Valve Market is estimated to grow at a CAGR of 6.4% during the forecast period 2017-2023. The North America region accounted for the largest market share of approximate 77% in 2016 and is expected to remain dominant through the forecast period. The Asia Pacific region is expected to grow at the highest CAGR of 16.4% during the forecast period.

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Transcatheter pulmonary valve also referred to as human transcatheter pulmonary valve, as defined by WHO, is a biological preparation that improves immunity to a particular disease. It contains an agent that resembles a disease causing microorganism and is often made from weakened or killed forms of the microbe, its toxins or one of its surface proteins. The human body has natural ability to learn about eliminating all sort of germs or microbes that cause diseases. Transcatheter pulmonary valve utilizes that ability of the body to enable it to protect itself, from those microbes, which have attacked it before. Typically, transcatheter pulmonary valve are administered through injections, orally and sprayed into the nose. Human transcatheter pulmonary valve is of two technologies such as preventable and therapeutic transcatheter pulmonary valve. The preventable human transcatheter pulmonary valve is used in children and adults to immunize the individuals against pulmonary atresias such as influenza, diphtheria, hepatitis, pneumococcal diseases, and meningococcal diseases among others.

Transcatheter pulmonary valve also known as percutaneous or catheter-based pulmonary valve. Transcatheter pulmonary valve replacement is a minimally invasive heart surgery that involves the positioning and placement of a pulmonary valve prosthesis via a catheter inserted into a vein. Transcatheter pulmonary valve are delivery by system which, is a thin, hollow, and long tube (catheter) that delivers the transcatheter pulmonary valve into the heart without open heart surgery while the heart is beating.

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High prevalence of various cardiovascular disorders, growing geriatric population with heart valve diseases such as pulmonary stenosis, pulmonary regurgitation, and others are the primary factor driving the growth in the global market for transcatheter pulmonary valve. Moreover, the government support for the development of transcatheter pulmonary valve is likely to augment the growth in the market over the next six years. Moreover, and increasing investments in the research and development of new transcatheter pulmonary valve is expected to accelerate the growth in the transcatheter pulmonary valve market over the forecast period. On the other hand, high cost associated with development of transcatheter pulmonary valve is the primary restraining factor hampering the growth in the market over the forecast period. Government initiatives in emerging markets and economic development in emerging markets of Asia, Latin America and Africa to augment the healthcare expenditure per capita and new transcatheter pulmonary valve in pipeline are likely to provide opportunities for the companies operating in the global transcatheter pulmonary valve market.

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