TAVR/TAVI, Cerebral Embolic Protection, and Pre-Shaped Guidewire Market Size, Share & COVID-19 Impact Analysis | Global | 2021-2027 | MedCore | Includes 3 Reports
- Year: 2021
- Scope: 10 Years
- Region: Global
- Type: MedCore
The global transcatheter aortic valve implantation/replacement (TAVI/TAVR) market size is estimated to increase over the forecast period to exceed $8.4 billion by 2027. The global cerebral embolic protection (CEPD) device market size is expected to reach over $492.3 million by 2027. Lastly, the global pre-shaped guidewire market size is projected to achieve $70.9 million by 2027.
Edwards Lifesciences and Medtronic were the share leaders in the global TAVI/TAVR market. The analysis includes in-depth procedure numbers, which will seemingly increase over the forecast period, along with the impact of COVID-19 on the procedure volume. The market will move forward over the forecast period due to the increase in units sold and popularity surrounding minimally invasive surgical procedures.
Boston Scientific and Venus MedTech were the share leaders in the global cerebral embolic protection device market. Cerebral embolic protection devices can be employed in TAVI/TAVR procedures to reduce the risk of debris reaching the brain and leading to a stroke. The use of CEPD in TAVI/TAVR procedures is optional. However, the share of TAVI/TAVR procedures that use CEPD is expected to grow.
Boston Scientific, Medtronic, and Cook Medical were the share leaders in the global pre-shaped guidewire market. Pre-shaped Guidewires are used in TAVI/TAVR procedures to ensure the correct placement of the TAVI/TAVR device. Pre-shaped guidewires are curved at the end to reduce the risk of ventricular injury during the valve deployment. These are shaped at the distal portion of the wire. Due to the risk of ventricular perforation, the distal end is best shaped into a loop.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Volumes
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2027, and Historical Data to 2017
- Recent Mergers & Acquisitions
- Disease Overviews
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
Procedure numbers for TAVI/TAVR and for cerebral embolic protection devices (CEPD) are included. For both, the procedure numbers are divided by country with an in-depth analysis including information ranging from 2017 to 2027.
TAVI/TAVR Market Insights
Strong growth in the market is occurring due to an increase in units sold. Several factors explain this growth such as the aging global population, competitors in the market, and low-risk patients as candidates for TAVI/TAVR. Along with this, publications promoting and supporting the TAVI/TAVR procedure have increased the patient pool, despite the long-term follow-up information that is lacking. Competition within the space will likely keep ASPs from changing much over the forecast period
Cerebral Embolic Protection Device Market Insights
The TAVI/TAVR market is driven by the growing number of TAVI/TAVR procedures. As the number of TAVI procedures performed increases, the number of potential patients for cerebral embolic protection will also increase. As the demand for CEPD to be used with TAVI procedures increases, more companies will enter the market with their own offerings. While new entrants onto the market are expected to drive innovation, it will also likely lead to competitive pricing strategies that will drive down the total market ASP.
Pre-Shaped Guidewire Market Insights
The global market for pre-shaped guidewires is directly related to TAVI/TAVR procedure numbers. As the number of TAVI/TAVR procedures is set to grow over the forecast period, unit sales for pre-shaped guidewires will also increase. It is expected that the use of the dedicated wires, which have a higher ASP, will increase the overall ASP of the market and drive the pre-shaped guidewire market. However, the negative impact of COVID-19 on the TAVI/TAVR market implicates pre-shaped guidewires directly and if further discussed within the report.
MARKET SHARE INSIGHTS
The global TAVI/TAVR, CEPD, and pre-shaped guidewire markets are controlled by Edwards Lifesciences, Medtronic, Boston Scientific, Venus MedTech, and Cook Medical. Edwards Lifesciences was the market leader in TAVI devices in 2020. Edwards Lifesciences offers a diverse product portfolio. Boston Scientific acquired Claret Medical in August 2018. Boston Scientific was by far the largest competitor in the cerebral protection device market in 2020. Similarly, Boston Scientific was the leading competitor in the pre-shaped guidewire market in 2020. Its portfolio of guidewires is extensive, with the most popular product being the Safari2™ pre-shaped guidewire.
RESEARCH REGIONAL COVERAGE
Throughout this report, iData Research has covered over 70 countries across the globe in great detail. Each global region may be purchased as a stand-alone report, tailoring the data to your needs. The regions covered are:
- North America (the United States and Canada)
- Latin America (Brazil, Mexico, Colombia, Argentina, Peru, Chile, Venezuela, and Other)
- Western Europe (Germany, France, Italy, Spain, Switzerland, Austria, Portugal, Benelux, Scandinavia, and Other)
- Central and Eastern Europe (Poland, Turkey, Russia, Greece, Czech Republic, Croatia, Bulgaria, Ukraine, Kazakhstan, Hungary, Romania, Baltic States (Estonia, Latvia, and Lithuania), and Other)
- Middle East (Saudi Arabia, UAE, Israel, Iran, Kuwait, Qatar, Bahrain, Oman, and Other)
- Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Malaysia, Thailand, the Philippines, Brunei, Myanmar, Cambodia, Vietnam, New Zealand, Taiwan, Hong Kong, and Other)
- Africa South Africa, Egypt, Morocco, Ghana, Nigeria, Libya, Sudan, Uganda, Kenya, and Other)
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