How Are Government Initiatives Driving Aortic Valve Market?

By Author: Pramod Kumar
Total Articles: 97
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The increasing government initiatives being launched in many countries for raising public awareness about valve replacement and the rising incidence of valvular diseases are the major growth drivers of the market.

The soaring incidence of aortic regurgitation and aortic stenosis is the prominent factor causing the surge of the aortic valve market across the globe. RHD (rheumatic heart disease) is the leading cause of aortic regurgitation. As per the findings of the World Health Organization (WHO), around 2% of the people suffering from cardiovascular diseases all over the world have RHD. It basically means that nearly 33 million people in the entire world are suffering from RHD.

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As per the findings of John Muir Health, which is a non-profit integrated system for hospitals, doctors, and other medical practitioners, over five million people around the world are diagnosed with aortic stenosis and various other heart valve diseases every year. Furthermore, the organization found that ...
... in the U.S., aortic stenosis affects 1.5 million people every year. The incidence of this disease rises with growing age and therefore, the increasing geriatric population is another major growth driver of the market.

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In addition to the above-mentioned objectives, the initiative also intends to reduce the various usually occurring obstacles to therapy, which would, in turn, push up the popularity of these treatment procedures in the coming years. Based on suture type, the aortic valve market is divided into sutureless and sutured categories, between which, the sutureless aortic valve category is predicted to exhibit substantial growth in the market in the forthcoming years.

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Therefore, it can be said with surety that the market would grow explosively all over the world in the upcoming years, primarily because of the rising prevalence of heart valve diseases and the growing public awareness about the valve replacement procedures around the world.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.