The global Bovine Pericardial Valve Market is expected to reach US$ 4,134.40 million in 2027 from US$ 1,959.71million in 2019; it is estimated to grow at a CAGR of 9.9% from 2020 to 2027.
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Key Market Competitors: Global Bovine Pericardial Valve Market:
Bovine pericardial valves, also known as bioprosthetic valves, are used as bioprosthetic heart valves, duralclosures, bone and dental membranes, and surgical buttress. The valves are madefrom collagen and metallic materials or alloys, which provides strength andelasticity.Increasingincidence of cardiovascular diseases (CVDs) and congenital heart diseases (CHDs),and advantages of tissue-based heart valves over mechanical valves are themajor factors contributing to the growth of the global bovine pericardial valvemarket. However, the market growth is restrained by the limitations associatedwith the tissue-based valves.
In 2019, the aortic segment held the largest share of the market basedon valve type; the segment is expected to register the highest CAGR during theforecast period. The market for this segment islikely to witness lucrative growth owing to continuous developments intranscatheter aortic valve implantation procedures, leading to progressivelylarge number of patients undergoing the surgery. Moreover, these surgicalprocedures are now been reimbursed by the Centers of Medicare and Medicaid(CMS) in the US. The expected introduction of such reimbursement policies inother countries in the world would contribute to the growth of the market foraortic valves in other countries in the coming years.
The Bovine Pericardial Valve Market is anticipated to grow with a significant rate in the coming years, owing to factors such as increasing ageing population, rising prevalence of chronic diseases, up surge in healthcare costs, and developments in technology. Moreover, increase of big multi-service ambulatory care centers and growth in healthcare investments offer growth opportunities in the Bovine Pericardial Valve Market.
The “Global Bovine Pericardial Valve Market Analysis to 2027” is a specialized and in-depth study of the medical devices industry with a focus on the global Bovine Pericardial Valve Market trend. The report aims to provide an overview of global Bovine Pericardial Valve Market with detailed market segmentation by type, specialty, surgery, and geography. The global Bovine Pericardial Valve Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the Bovine Pericardial Valve Market.
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To comprehend Global Bovine Pericardial Valve Market dynamics in the world mainly, the worldwide Bovine Pericardial Valve Market is analyzed across major global regions.
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