The global Open Surgery Heart Valves Market experienced robust growth in 2020 and is projected to maintain a steady revenue compound annual growth rate (CAGR) throughout the forecast period. Several key factors are driving the expansion of market revenue, including the advantages of less invasive methods compared to traditional surgeries, a growing geriatric population, an increasing number of patients with structural heart disease, and greater investments in the development and commercialization of heart valve therapies.
Heart valve disease develops when one or more heart valves fail to open and close properly, leading to a decreased ability of the heart to pump blood effectively. This condition can be congenital, present from birth, or acquired later in life due to factors such as infections, aging, calcific degeneration, heart attacks, heart disease, or other injuries. The two most common disorders causing disruptions in blood flow through the valves are regurgitation (incompetence) and stenosis (narrowing). While some valve issues may be mild and require no treatment, others may necessitate the use of medications, lifestyle changes, or surgical procedures to repair or replace the valve. If left untreated, advanced heart valve disease can lead to severe complications such as stroke, heart failure, blood clots, or even death from sudden cardiac arrest. Timely open surgery heart valve procedures are essential to prevent such outcomes.
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Major Companies Profiled In The Report:
- Abbott Vascular Inc.
- Arterius Ltd
- Cardionovum GmbH
- Aneuclose LLC
- Inspire MD
- Boston Scientific Corporation
- Japan Stent Technology Co
- Gaudi Vascular
- Microvention
- Edwards Lifesciences Corporation
- CryoLife
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Driving Factors of Open Surgery Heart Valves Market:
- Advantages of Less Invasive Techniques: The adoption of less invasive methods for heart valve surgeries is a significant driving factor. These procedures result in shorter recovery times, reduced post-operative complications, and improved patient outcomes, leading to increased demand for open surgery heart valves.
- Rising Geriatric Population: The global population is aging, leading to a higher prevalence of heart valve diseases among elderly individuals. As the elderly are more susceptible to heart-related conditions, there is a growing demand for heart valve surgeries, including open surgery procedures.
- Increasing Cases of Structural Heart Disease: The incidence of structural heart diseases, such as valvular abnormalities, is on the rise. This trend is fueled by factors such as lifestyle changes, unhealthy dietary habits, and a sedentary lifestyle. As the number of patients with these conditions grows, the demand for open surgery heart valves increases.
- Technological Advancements: Continuous advancements in surgical techniques, medical devices, and imaging technologies have improved the safety and effectiveness of open surgery heart valve procedures. These innovations attract both patients and healthcare providers, leading to market growth.
Restraints of Open Surgery Heart Valves Market:
- Availability of Minimally Invasive Alternatives: Minimally invasive procedures, such as transcatheter aortic valve replacement (TAVR), offer an alternative to open surgery heart valve procedures. Patients often prefer these less invasive methods due to reduced risks and faster recovery times, which could negatively impact the demand for traditional open surgery techniques.
- High Cost of Surgery: Open surgery heart valve procedures can be costly due to hospitalization, surgical fees, and post-operative care expenses. This financial burden can deter some patients from opting for these surgeries, especially in regions with limited healthcare coverage or high out-of-pocket expenses.
- Surgical Risks and Complications: Open heart surgery is a major procedure with inherent risks, including bleeding, infection, and adverse reactions to anesthesia. Some patients, particularly those with underlying health conditions, may be hesitant to undergo such high-risk surgeries.
- Increasing Adoption of Transcatheter Approaches: The growing popularity of transcatheter procedures for heart valve replacement has led to increased competition with open surgery methods. As more medical centers adopt transcatheter techniques, it may impact the market share of open surgery heart valves.
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