Report : Asia Pacific Bovine Pericardial Valve Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Valve Type (Aortic, Mitral, Others); Alloy (Cobalt-Chrome, Titanium, Nickel-Molybdenum, Others); End User (Hospitals, Cardiac Centers, Ambulatory Surgical Centers), and Country
Aortic Segment Held Largest Share of Bovine Pericardial Valve Market in 2019
According to our new market research study on “Asia Pacific Bovine Pericardial Valve Market to 2027 – Regional Analysis and Forecast – by Valve Type, Alloy and End-User” the market is expected to reach US$ 819.03 million by 2027 from US$ 366.27 million in 2019; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific bovine pericardial valve market and the factors driving the market growth along with those hindering it.
Based on valve type, in 2019, the aortic segment held the largest share of the market and is expected to grow at the fastest CAGR during the forecast period. This segment is likely to witness a lucrative growth owing to increasing development in transcatheter aortic valve implantation procedures leading to progressively large number of patients undergoing the surgery. Moreover, these surgical procedures are now been reimbursed that contributes as another factor for the growth of the segment.
The growth of the Asia Pacific bovine pericardial valve market is mainly attributed as increasing incidence of cardiovascular diseases (CVD) and congenital heart diseases (CHD) and advantages of tissue-based heart valves over mechanical valves in the country. However, the limitations associated with the tissue-based valves is the major factor hindering the market growth in Asia Pacific.
A few of the leading companies operating in the Asia Pacific Bovine pericardial valve market are AFFLUENT MEDICAL SA, Boston Scientific Corporation, Edwards Lifesciences Corporation, Medtronic, and Meril Life Sciences Pvt. Ltd.
Asia Pacific Bovine Pericardial Valve Market, By Country, 2019 (%)
The report segments Asia Pacific Bovine pericardial valve market as follows:
Asia Pacific Bovine pericardial valve Market – By Valve Type
Asia Pacific Bovine pericardial valve Market – By Alloy
Asia Pacific Bovine pericardial valve Market – By Country
- Asia Pacific
- South Korea
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