global transcatheter aortic valve replacement (tavr) market report: 2013 edition - koncept analytics
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The Transcatheter Aortic Valve Replacement (TAVR) is a relatively new technology in medical science which is a less invasive method of replacing the heart valve. For more infoTRANSCRIPT
Global Transcatheter Aortic Valve Replacement (TAVR) Market Report
----------------------------------------- 2013
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Executive Summary
The Transcatheter Aortic Valve Replacement (TAVR) is a relatively new technology in medical science which is a less invasive method of replacing the heart valve without undergoing the conventional by-pass surgery. Traditionally, the aortic valve replacement has required open heart surgery, thus disqualifying patients who are at high risk for the process or are too weak to undergo a surgery. Partially for this reason, the market of heart valve surgical procedure is witnessing a continuous decline as more and more patients requiring valve replacement are at high risk for a surgical treatment. This shortcoming of traditional surgery has paved the way for growth of TAVR. It was first commercially launched in Europe in 2007 and later in the United States. The market is very promising and has lot of opportunities and unmet demand to cater to.
Economic growth worldwide, rising income and wealth levels, increasing ageing population and continuously increasing obese population are fueling the development of the global TAVR market. The growth of the TAVR market has high correlation with macro indicators, such as global GDP, and global healthcare expenditure.
This report analyzes the development of the "global TAVR market", with focus on some of the major markets like the United States and Europe. The major trends, drivers facilitating growth of the TAVR market as well as the issues being faced by the industry are being presented in this report. The major players in the TAVR industry including Edward Lifesciences, Medtronic and St. Jude Medical have been profiled in the report highlighting their key financials and strategies for growth.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables affecting this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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The Transcatheter Aortic Valve Replacement (TAVR) is a relatively new technology in medical science which is a less invasive method of replacing the heart valve without undergoing the conventional by-pass surgery.
The global TAVR market increased from US$... million in 2011 to US$... million in 2012, witnessing an increase of approximately ….%. The TAVR market grew remarkably at a CAGR of …% over the period 2008-2012.
In 2011 and 2012, … and ….TAVR procedures were performed respectively worldwide. In the current scenario, industry experts estimate over 500 centers worldwide and more than …. procedures in 2013.
In 2012, the share of Europe in TAVR market was more than …. %. Germany is the leading country in Europe with largest number of TAVR procedures. Other leading European countries include France, the United Kingdom and Italy. The US accounted for a share of …. % in transcatheter valve replacement market in 2012.
Global TAVR Procedures (2010-2013E)
Global TAVR Market by Value (2008-2012)
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Global TAVR Market Share by Region (2012)
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TAVR market has grown over the past few years and expected to demonstrate a significant growth trajectory in coming years……
The market generated revenues worth US$... million in 2011 and grew remarkably in the following year to generate revenues of US$.... million. The TAVR market in the US is expected to reach US$... million by 2015. The TAVR penetration estimates show an increasing trend in the coming years.
The most common TAVR delivery approaches today in the US is transfemoral, which accounted for ….% of adoption for TAVR procedures in 2012.
Approximately …. TAVR procedures were performed in the US in 2012, of which …. were inoperable patients.
The revenue of TAVR market in Europe and ROW (excluding Japan) increased from US$... million in 2011 to US$... million in 2012.
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The US TAVR Procedures (2012)
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The US TAVR Market (2011-2015E)
Europe/ROW TAVR Market Size (2010-2015E)
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Economic growth worldwide, rising income and wealth levels, increasing ageing population and continuously increasing obese population are fueling the development of the global TAVR market….
• The global TAVR market is projected to reach US$... million by 2016 from US$... million in 2012. The industry is expected to grow at a CAGR of ….% till 2016.
• The strong economic growth will provide a strong tailwind to the global TAVR market, as inoperable and high risk patients who were earlier delaying the treatment will undergo TAVR procedures. The world economy is considerably improving and is expected to improve further in future which will catalyze the growth in global TAVR market as the procedures and technologies involved are generally of high cost.
• The growing urbanization has brought along the growing consumption of fast foods and junk foods leading to an increasing number of obesity cases. Hence, as the obesity cases increases, the market for TAVR would grow over the years.
• Due to high cost involved in health facilities, specifically related to heart disease, the private expenditure, reimbursement scenario and government support plays an important role in driving the industry growth. With the rise in healthcare expenditure and government support, people are able to spend more on healthcare facilities leading to a boost in demand.
Global Transcatheter Aortic Valve Replacement (TAVR) Market Forecast (2012-2016F)
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Table of Contents
1. Market Overview
2. TAVR Market Size-Market Value-Procedure Volume-Regional Breakdown
2.1 TAVR Market: Regional Analysis
2.1.1 The US-Market Value-Procedure Volume- Transapical vs. Transfemoral-Price Trend
2.1.2 Europe/ROW-Market Value-Procedure Volume
3. Market Dynamics
3.1 Key Trends
3.1.1 Technological Advancements3.1.2 Favorable Reimbursement in Europe
3.2 Growth Drivers
3.2.1 Increasing Aging Demographics3.2.2 Global Economic Development 3.2.3 Increasing Healthcare Expenditure 3.2.4 Increasing Obesity Rates 3.2.5 Increasing Prevalence of Inoperable Aortic Stenosis
List of Graphs & Tables
List of Graphs
Global Transcatheter Aortic Valve Replacement (TAVR) ProcedureGlobal TAVR Market by Value (2008-2012) Global Treatment of Aortic Stenosis (2011 vs. 2020E) Global Transcatheter Aortic Valve Replacement (TAVR) Procedures (2010-2013E) Global Transcatheter Aortic Valve Replacement (TAVR) Market Share, By Region (2012) The US TAVR Market and Penetration Estimates (2011-2015E) The US TAVR Procedures (2011-2015E) The US TAVR Procedures - Transapical vs. Transfemoral (2011-2015E) TAVR Centers in the US (2011-2015E) Average Selling Prices of TAVR in the US (2011-2015E) Europe/ROW TAVR Market Size (2010-2015E) Aortic Valve Replacements in Europe (2012) European TAVR Procedures (2010-2015E) Growth of Global Aging Population (60 years and above), (2008-2013E) World GDP (2005-2012) Global Healthcare Expenditure (2008-2013E) Global Obese Population (2004-2012E) TAVR Market Share by Major Players (2012) Global TAVR Market Share (2010-2015E) The US TAVR Market Share by Major Players (2012) European TAVR Market Share by Major Players (2012) Edward’s Lifesciences Net Sales by Product Line (2012) Edward’s Lifesciences Net Sales by Region (2012) Edward’s Lifesciences Total Sales & Net Income (2008-2012) Global Sales of Edwards Lifesciences TAVR Procedure (2010-2012) Medtronic Sales by Product Categories (2012) Medtronic’s Total Net Revenue and Net Income (2009-2013) Global Sales of Medtronic TAVR Procedure (2010-2012) St. Jude Medical Sales by Product Categories (2012) St. Jude Medical’s Net Sales (2008-2012) Transcatheter Aortic Valve Replacement Market Forecast (2010-2016)
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Table of Contents
3.3 Challenges
3.3.1 Regulatory Issues 3.3.2 Associated High Risk3.3.3 High Cost of TAVR Devices
3.4 Significant Developments
3.4.1 Corevalve & Corevalve Evolut (TM) Transcatheter Systems by Medtronic3.4.2 Engager Transcatheter Aortic Valve by Medtronic 3.4.3 Lotus Valve System by Boston Scientific 3.4.4 Portico Transcatheter Aortic Heart Valve by St. Jude Medical
4. Competitive Landscape-Competitive Overview-Market Share-Product Comparison
4.1 The US 4.2 Europe
5. Company Profiles
5.1 Edwards Lifesciences
5.1.1 Business Overview 5.1.2 Financial Overview 5.1.3 Business Strategies-Growth through Research & Development-Offer Innovative Technologies
List of Tables
TAVR Product Approval TimelineTAVR Competitive LandscapeDependent & Independent Variables (2008– 2012) Correlation MatrixModel Summary – Coefficient of DeterminationRegression Coefficients Output
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Table of Contents
5.2 Medtronic
5.2.1 Business Overview5.2.2 Financial Overview 5.2.3 Business Strategies-Focus on Research & Development-Pursue Strategic Acquisitions
5.3 St. Jude Medical
5.3.1 Business Overview 5.3.2 Financial Overview 5.3.3 Business strategies-Strategic Acquisitions-Focus on Innovation
6. Market Outlook
6.1 Market Forecast 6.2 Forecast Methodology6.2.1 Dependent and Independent Variables6.2.2 Correlation Analysis 6.2.3 Regression Analysis
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