A recently published report titled, “Bioprosthetics Market: Opportunity Analysis and Future Assessment 2022-2030” offers a thorough and profound assessment on the market stature along with the top leading facts and figures, definition, overview, expert opinions, SWOT analysis, as well as the recent developments of the market all around the world. The market report also computes the market size, market sales, revenue, price, market share and gross margin and market forecast, growth rate and cost structure. The report estimates the revenue created from the sales and technologies by various application segments.
The report is titled as ‘Bioprosthetics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the Bioprosthetics market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Bioprosthetics market is expected to grow at a significant rate in the near future.
The global Bioprosthetics market in 2020 is estimated for more than US$ 4.4 Bn and expected to reach a value of US$ 9.4 Bn by 2028 with a significant CAGR of 10.0%.
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Bioprosthesis is prosthetic heart valves. Prosthetic heart valves are commonly used in the treatment of valvular heart disease. Mechanical valves are more durable than bioprosthetic valves; but, the need for long-term anticoagulant therapy renders them unsuitable for some patient groups.
Prosthetic heart valves are being used since 1960; however, bioprosthetic heart valves are recently launched and are gaining rapid acceptance among surgeons and patients. Bioprosthetic heart valves are made of biologic tissues which are mounted on a fabric-covered plastic frame, called a stent.
Over the past few years, bioprosthesis has seen many technological changes, and many tissues and different animal species aortic valves have been tried with varying results. Today, the most commonly used bioprosthesis is made from porcine aortic valves or from calf pericardium.
Bioprosthetics Market Dynamics
Growing prevalence of cardiovascular disorders is the first and foremost factor driving the growth of Bioprosthetics Market. Moreover increasing aging demographics would fuel the growth of Bioprosthetics Market. According to WHO, The absolute number of people aged 60 years and over is expected to increase from 605 million to 2 billion by 2050.
In developed markets such as the U.S. and Europe, patients are preferring bioprosthesis over mechanical valves which are expected to fuel the market for bioprosthesis over the forecast period. However, high cost of procedure and less durability are the factors limiting the growth of global bioprostheis market.
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