We are monitoring the impact of COVID-19 on Latin America TAVR Market Get in touch with us for detailed analysis Know More
Share on

Latin America Transcatheter Aortic Valve Replacement Market Research Report – Segmented By Surgery Method, Valve Frame Material, Valve Size, Valve Leaflets Material, End Users & Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Analysis on Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 320
Pages: 145

Latin America TAVR Market Size (2022 to 2027)

The size of the Latin America Transcatheter Aortic Valve Replacement Market is expected to reach USD 0.64 billion by 2027 from 0.25 billion in 2022, growing at a CAGR of 20.30% between 2022 to 2027.

Transcatheter heart valve replacement systems are known as cardiovascular devices which replace old and damaged valves. TAVR is used to treat aortic valve disorders such as severe aortic stenosis, degeneration, and regurgitation. These cardiovascular disorders are seen in the older population. According to the World Health Organization (WHO), it has been estimated that the number of people with cardiovascular disease will increase to 22.25 million by 2030. The rapid aging of the population and the growing demand for medical tourism, increasing number of product launches, government initiatives for awareness, and high incidence of cardiovascular diseases are driving the growth of the aortic valve catheter replacement (TAVR) market in the Latin American region.

The research and development sector coupled with recorded data supports the preference of TAVR over conventional surgical AVR. The retrograde catheter aortic valve replacement procedure is the most common catheter approach and is performed in approximately 70% to 80% of all cases of TAVR worldwide. Although surgical aortic valve replacement is considered the standard treatment, 30% of patients are not considered candidates for traditional open-heart surgery due to advanced age and the presence of multiple co-morbidities. TAVR offers this population a less invasive treatment option also with better results. Over the past few years, the Latin American TAVR market has grown rapidly, mainly due to the ease in device approvals, increased public funding for the research and development sector associated with cardiology, and health expenditure in developing countries. The incidence of surgery for degenerative valve disease was higher in people over 60 years of age. The private sector primarily funded the proceedings, which increased the demand for aortic valve replacement procedures in the years to come.

The high cost of catheter-based heart valve devices in developing and underdeveloped countries has resulted in inadequate facilities in several regions. Additionally, the lack of trained professionals due to the absence of specialty training and educational institutes in some regions of developing countries and the lack of awareness of the populations to the latest technological innovations is estimated to slow down the market's growth rate.

This research report on the Latin America TAVR Market has been segmented and sub-segmented into the following categories:

By Surgery Method:

  • Transfemoral Implantation
  • Transapical Implantation
  • Transaortic Implantation
  • Transvaal Implantation                  

By Valve Material:

  • Nitinol
  • Stainless Steel
  • Cobalt-Chromium              

By Valve Size:

  • 14mm to 18 mm
  • 18mm to 22 mm
  • 22mm to 29mm                    

By Valve Leaflets Material:

  • Bovine Heart Tissue
  • Cow Heart Tissue
  • Other Valve Leaflets Material                       

By End Users:

  • Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Catheterization Laboratories     

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, the Brazilian market is estimated to dominate the Latin America aortic valve catheter replacement market during the forecast period due to the high number of severe aortic stenosis patients, preference for minimally invasive surgery, and favorable reimbursement policies in the region. The total number of valve surgeries, including those associated with myocardial revascularization, multiple valve replacement, and implantation of valve prostheses, peaked at 11,330 procedures in 2013. Of these, only about 62% would be eligible for TAVR, with 20% of them being inoperable or needing intermediate interventions or high-risk patients. Of these, only about 60% would qualify for TAVR, with 20% of patients inoperable or at intermediate or high risk. Thus, the studied market is expected to experience remarkable growth in the predicted years.

Rapid urbanization has brought about a change in lifestyle, diet, risky behaviors, and cultural attitudes of the Latin American population. Regional markets in Argentina, Mexico, Peru, and Columbia are anticipated to have reasonable growth rates. For people over 75 years of age, the prevalence of severe aortic stenosis is 3%. More than one in eight people over 75 have moderate or severe valvar heart disease in Latin America. These regions will experience growth due to increased medical awareness, increased healthcare development investment, and accelerated economic growth. In addition, the high adoption of technologically advanced devices is a factor that attributes to the growth of the growing demand for Aortic Valve Replacement Catheter (TAVR) procedures in Latin America.

KEY MARKET PLAYERS:

Companies such as Edwards Lifesciences Corporation, Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories, St. Jude Medical Inc., JenaValve Technology, Inc., Symetis SA, Direct Flow Medical, Inc., Sorin Group, Meril Life Sciences India Pvt Ltd and Braile Biomedica (Brazil) are dominating the Latin America TAVR Market.

1. Introduction                                                 

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                               

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                           

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                      

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 New Developments                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

5. Market Segmentation                                                              

                5.1 Introduction                                               

                5.2 Surgery Method                                       

                                5.2.1 Introduction                           

                                5.2.2 Transfemoral Implantation                              

                                5.2.3 Transapical Implantation                   

                                5.2.4 Transaortic Implantation                   

                                5.2.5 Transcaval Implantation                    

                5.3 Valve Material                                           

                                5.3.1 Introduction                           

                                5.3.2 Nitinol                       

                                5.3.3 Stainless Steel                       

                                5.3.4 Cobalt-Chromium                

                5.4 Valve Size                                    

                                5.4.1 Introduction                           

                                5.4.2 14mm to 18 mm                    

                                5.4.3 18mm to 22 mm                    

                                5.4.4 22mm to 29mm                     

                5.5 Valve Leaflets Material                                          

                                5.5.1 Introduction                           

                                5.5.2 Bovine Heart Tissue                            

                                5.5.3 Cow Heart Tissue                 

                                5.5.4 Other Valve Leaflets Material                         

                5.6 End Users                                    

                                5.6.1 Introduction                           

                                5.6.2 Hospitals                  

                                5.6.3 Ambulatory Surgical Centres                           

                                5.6.4 Cardiac Catheterization Laboratories                           

6. Geographical Analysis                                                              

                                6.4.1 Introduction                           

                                6.4.2 Brazil                          

                                6.4.3 Argentina                

                                6.4.4 Mexico                     

7. Strategic Analysis                                                       

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

8. Market Leaders' Analysis                                                        

                8.1 Edwards Lifesciences Corporation (U.S.)                                       

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Strategic Evaluation and Operations                            

                                8.1.4 Financial analysis                  

                                8.1.5 Legal issues                             

                                8.1.6 Recent Developments                       

                                8.1.7 SWOT analysis                       

                                8.1.8 Analyst View                          

                8.2 Medtronic, Inc. (Ireland)                                      

                8.3 Boston Scientific Corporation (U.S.)                                 

                8.4 Abbott Laboratories (U.S.)                                   

                8.5 St. Jude Medical Inc. (U.S.)                                  

                8.6 JenaValve Technology, Inc. (Germany)                                          

                8.7 Symetis SA (Switzerland)                                      

                8.8 Direct Flow Medical, Inc. (U.S.)                                          

                8.9 Sorin Group (Italy)                                   

                8.10 Meril Life Sciences India Pvt Ltd (India)                                        

                8.11 Braile Biomedica (Brazil)                                     

9. Competitive Landscape                                                           

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

10. Expert Opinions                                                        

                10.1 Market Outlook                                     

                10.2 Investment Opportunities                                 

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

 

  1. Latin America Transcatheter Aortic Valve Replacement Market, By Region, From 2022 - 2027 (USD Billion)
  2. Latin America Transcatheter Aortic Valve Replacement Market, By Surgery Method, From 2022 - 2027 (USD Billion)
  3. Latin America Transfemoral Implantation Transcatheter Aortic Valve Replacement Market, By Region, From 2022 - 2027 (USD Billion)
  4. Latin America Transapical Implantation Transcatheter Aortic Valve Replacement Market, By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Transaortic Implantation Market, By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Transcaval Implantation Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Transcatheter Aortic Valve Replacement Market, By Valve Frame Material, From 2022 - 2027 (USD Billion)
  8. Latin America Nitinol Transcatheter Aortic Valve Frame Material Market, By Region, From 2022 - 2027 (USD Billion)
  9. Latin America Stainless Steel Transcatheter Aortic Valve Frame Material Market, By Region, From 2022 - 2027 (USD Billion)
  10. Latin America Cobalt-Chromium Transcatheter Aortic Valve Frame Material Market, By Region, From 2022 - 2027 (USD Billion)
  11. Latin America Transcatheter Aortic Valve Replacement Market, By Valve Size, From 2022 - 2027 (USD Billion)
  12. Latin America 14mm to 18mm Transcatheter Aortic Valve Size Market, By Region, From 2022 - 2027 (USD Billion)
  13. Latin America 18mm to 22mm Transcatheter Aortic Valve Size Market, By Region, From 2022 - 2027 (USD Billion)
  14. Latin America 22mm to 29mm Transcatheter Aortic Valve Size Market, By Region, From 2022 - 2027 (USD Billion)
  15. Latin America Transcatheter Aortic Valve Replacement Market, By Valve Leaflets Material, From 2022 - 2027 (USD Billion)
  16. Latin America Bovine Heart Tissue Transcatheter Aortic Valve Leaflets Material Market, By Region, From 2022 - 2027 (USD Billion)
  17. Latin America Cow Heart Tissue Transcatheter Aortic Valve Leaflets Material Market, By Region, From 2022 - 2027 (USD Billion)
  18. Latin America Other Transcatheter Aortic Valve Leaflets Material Market, By Region, From 2022 - 2027 (USD Billion)
  19. Latin America Transcatheter Aortic Valve Replacement Market, By End Users, From 2022 - 2027 (USD Billion)
  20. Latin America Hospitals Transcatheter Aortic Valve Replacement Market, By Region, From 2022 - 2027 (USD Billion)
  21. Latin America Ambulatory Surgical Centres Transcatheter Aortic Valve Replacement Market, By Region, From 2022 - 2027 (USD Billion)
  22. Latin America Cardiac Catheterization Laboratories Transcatheter Aortic Valve Replacement Market, By Region, From 2022 - 2027 (USD Billion)
  23. Brazil Transcatheter Aortic Valve Replacement Market, By Surgery Method, From 2022 - 2027 (USD Billion)
  24. Brazil Transcatheter Aortic Valve Replacement Market, By Valve Frame Material, From 2022 - 2027 (USD Billion)
  25. Brazil Transcatheter Aortic Valve Replacement Market, By Valve Size, From 2022 - 2027 (USD Billion)
  26. Brazil Transcatheter Aortic Valve Replacement Market, By Valve Leaflets Material, From 2022 - 2027 (USD Billion)
  27. Brazil Transcatheter Aortic Valve Replacement Market, By End Users, From 2022 - 2027 (USD Billion)
  28. Argentina Transcatheter Aortic Valve Replacement Market, By Surgery Method, From 2022 - 2027 (USD Billion)
  29. Argentina Transcatheter Aortic Valve Replacement Market, By Valve Frame Material, From 2022 - 2027 (USD Billion)
  30. Argentina Transcatheter Aortic Valve Replacement Market, By Valve Size, From 2022 - 2027 (USD Billion)
  31. Argentina Transcatheter Aortic Valve Replacement Market, By Valve Leaflets Material, From 2022 - 2027 (USD Billion)
  32. Argentina Transcatheter Aortic Valve Replacement Market, By End Users, From 2022 - 2027 (USD Billion)
  33. Mexico Transcatheter Aortic Valve Replacement Market, By Surgery Method, From 2022 - 2027 (USD Billion)
  34. Mexico Transcatheter Aortic Valve Replacement Market, By Valve Frame Material, From 2022 - 2027 (USD Billion)
  35. Mexico Transcatheter Aortic Valve Replacement Market, By Valve Size, From 2022 - 2027 (USD Billion)
  36. Mexico Transcatheter Aortic Valve Replacement Market, By Valve Leaflets Material, From 2022 - 2027 (USD Billion)
  37. Mexico Transcatheter Aortic Valve Replacement Market, By End Users, From 2022 - 2027 (USD Billion)

Please wait. . . . Your request is being processed

Related Reports

PURCHASE OPTIONS

excel
$

2875


pdf excel
$

3220


pdf excel powerbi
$

4600


excel
$

2000

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2875

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample