Transcatheter heart valve implantation is a procedure with less invasive approach helps in replacing the heart valve with prosthetic valve for treatment of severe aortic stenosis and mitral regurgitation. It is the effective alternative to cumbersome open heart surgery especially for high risk patients.
The heart valve repair and replacement market is anticipated to grow from an estimated USD 2,945.2 million in 2014 to USD 4,712.7 million by 2020 at a CAGR of 8.1% during the forecast period. North America was the largest market for heart valve repair and replacement in 2014, with tissue heart valve being the most popular type of heart valve replacement. In terms of growth, Asia Pacific is the fastest growing region. In terms of type of valve, while transcathater heart valve was the fastest growing segment.