VANCOUVER, BC, CANADA, January 10, 2024 /EINPresswire.com/ — iData Research, a leading global consulting and market research firm specializing in medical devices, dental and pharmaceuticals, has just released the 2024 European Cardiac Surgery Market Report. This comprehensive report delves deep into various market segments, ​​including the tissue heart valve, mechanical heart valve, annuloplasty repair device, transcatheter mitral valve repair, transcatheter heart valve implantation, cerebral embolic protection device, balloon valvuloplasty, on-pump coronary artery bypass device, off-pump coronary artery bypass device, autotransfusion device, endoscopic vessel harvesting device, anastomosis assist device, ventricular assist device, intra-aortic balloon device, artificial heart device, patent foramen ovale closure device, patent ductus arteriosus closure device, atrial and ventricular septal defect closure device, left atrial appendage closure device, preshaped guidewire, transmyocardial revascularization device and extracorporeal membrane oxygenation markets.

The cardiac surgery market is currently experiencing a notable surge in both investment and enthusiasm for minimally invasive procedures. This trend is evident in the transition from traditional coronary artery bypass grafting (CABG) procedures to the rapidly gaining popularity of transcatheter aortic valve implantation (TAVI). This paradigm shift is primarily fueled by the compelling advantages associated with minimally invasive approaches, such as enhanced patient recovery rates.​​ In terms of market growth, Europe has a rapidly aging population. This phenomenon adds to the technological advancement in this market, propelling growth over the forecast period.

Key highlights from the iData report include:

Robust Market Expansion: In 2023, the European Cardiac Surgery Market was valued at €2.9 billion. This is expected to increase over the forecast period to reach €3.7 billion.

Preference for Tissue Valves: ​​​​The primary advantage of tissue valves over mechanical valves is that they are more biocompatible and mimic the natural heart valve more closely than mechanical valves. Therefore, patients who receive a tissue valve do not require lifelong anticoagulation therapy, while patients who receive mechanical valves do. This leads both surgeons and patients to prefer tissue valves over mechanical valves and has resulted in the cannibalization of mechanical valves by tissue valves. The continued preference for tissue valves will drive the tissue valve market.

Competitive Landscape: Within the European Cardiac Surgery Market, Edwards Lifesciences, Abbott, and Medtronic were the top three market share leaders. Edwards Lifesciences was the leading company in the cardiac surgery market in 2023. The majority of Edwards Lifesciences’ market share comes from its dominance in the THVR segment.

For more information on the European Cardiac Surgery Market, visit our report product page:

https://idataresearch.com/product/cardiac-surgery-market-europe/

About iData

iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today’s dynamic market landscape.

Why Should You Choose iData?

Extensive Industry Coverage: iData Research boasts an impressive range of industry coverage, spanning healthcare, medical devices, dental, pharmaceuticals, biotechnology, and more. This breadth of coverage ensures that clients from various sectors can access accurate, up-to-date information relevant to their business goals.

High-Quality Data: The cornerstone of iData Research’s success is its commitment to providing high-quality data. Their team of expert analysts employs rigorous methodologies to collect and analyze data from reliable sources. This ensures that clients receive accurate, insightful, and actionable information to guide their strategic decisions.

In-Depth Analysis: iData Research goes beyond mere data presentation by offering in-depth analysis that goes right to the heart of industry trends, market dynamics, and competitive landscapes. Their reports provide a holistic understanding of market forces, helping clients identify opportunities and challenges.

Customized Solutions: Recognizing that every business is unique, iData Research offers customizable solutions that cater to specific client needs. Whether it’s a small startup or a multinational corporation, their tailored offerings provide the right insights to drive growth and success.

Timely Updates: Staying ahead in today’s fast-paced business environment requires access to real-time information. iData Research ensures that its clients are equipped with the latest data and insights, enabling them to make agile decisions and adapt to market changes swiftly.

Global Perspective: In an increasingly interconnected world, having a global perspective is essential. iData Research’s reports provide insights into various geographic markets, enabling clients to make informed decisions regardless of their business’s location.

Trusted by Industry Leaders: The fact that iData Research is trusted by industry leaders and renowned companies speaks volumes about the quality of their services. Their client list includes major players who rely on their insights for strategic planning.

Emma Matrick
iData Research
+17785493830 ext.
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn