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(Medical-NewsWire.com, October 16, 2017 ) According to the report “Middle East And Africa Prosthetic Heart Valves Market By Type (Mechanical Heart Valve, Tissue Heart Valve And Transcatheter Heart Valve), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Middle East and Africa Prosthetic Heart Valves Market was worth USD 0.34 billion in 2016 and estimated to be growing at a CAGR of 12.56%, to reach USD 0.62 billion by 2021.
Browse details of 133 pages research report on Middle East and Africa Prosthetic Heart Valves Market @ http://www.marketdataforecast.com/market-reports/middile-east-and-africa-prosthetic-heart-valves-market-2607/
Almost 300,000 valve replacements are done worldwide in a year, which may be mechanical valves or bio prosthetic valves. A prosthetic heart valve is a device that is implanted in a patient suffering from valve failures in the heart or other heart diseases which put the patient at risk of heart failure. They are implanted both as a pre-emptive treatment and a reactive treatment. They may be used as both a method of prevention and a cure.
Artificial valves must be designed to perform all the functions of a normal
native valve as well as withstand the adversities faced by introducing a foreign element into the body. Functions that the valve must perform include maintaining the unidirectional flow of blood in the body and proper opening and closing of the valves according to the body’s demand. Additionally, it must withstand the test of time as valve replacement on a regular basis is not feasible.
The rise of the Prosthetic Heart Valves market is mainly driven by the increasing aging population as well as the population affected by heart diseases. The technological advancements in the field rise in prevalence of heart diseases due to changing lifestyles and ease of availability of medical centers performing open-heart surgery and awareness about heart diseases are other drivers of the market. However, the market growth is hampered by factors such as high cost of development, the lack of skilled professionals, reimbursement issues, post-treatment difficulties faced and strict government regulations.
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The Middle-East & Africa Prosthetic Heart Valves market is broadly classified based on type into Mechanical Heart Valve, Tissue Heart Valve, and Transcatheter Heart Valve. Based on geography, the Middle-East & Africa market is analyzed under Middle-East and Africa. The Middle-East & African market is one of the smallest market players owing to the underdeveloped nature of many countries in the region. The main markets in the region include Saudi Arabia, UAE, Qatar and South Africa. The CAGR for the region is less than the global average mainly due to the lack of any noteworthy development in the field in African nations. In spite of the slow growth, the market is expected to prosper in the forecast years.
Several multinational companies operate in the prosthetic heart valve. The major market players in the Middle-East & Africa market include Corvia Medical, CardioKinetix, Biomerics LLC, Lepu Medical Technology, XELTIS BV, Comed BV, HLT, Meril Life Sciences, SYMETIS SA and Transcatheter Technologies GmbH.
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2607/inquire
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