News

Healthcare

Staff Reporter

, APAC

Published:

6 months ago

Photo from Tanya Pro on Unsplash

APAC’s prosthetic heart valve market to record 11.9% CAGR until 2035

The global market is expected to reach $30.3b within the forecast period.

The Asia Pacific (APAC) region’s prosthetic heart valve market is estimated to record notable growth at a compound annual growth rate (CAGR) of 11.9% until 2035.

A report by Allied Market Research revealed that this surge is driven by a growing prevalence of heart valve disease, a rise in healthcare expenditure, and increasing awareness regarding the importance of early detection and treatment.

ALSO READ: Medical nutrition market surges at 6% CAGR by 2037

Meanwhile, the global market is expected to reach $30.3b at a CAGR of 11.1% during the forecast period.

By product, the transcatheter heart valve segment projects a CAGR of 11.5% after holding the largest market share in 2023.

The report mentioned that the segment is driven by a demand surge for minimally invasive surgical procedures and the availability of advanced transcatheter heart valves.

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