Navigation Links
As in the US and Europe, the Entrance of Transcatheter Heart Valve Technologies Will Significantly Bolster the Chinese Heart Valve Device Market

TORONTO, Dec. 19, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the Chinese heart valve device market will exhibit strong growth through 2022. Similar to the more mature United States (US) and European markets, growth will be driven by an aging population as well as the adoption of transcatheter heart valves, although the Chinese market will be further bolstered by strong economic expansion.


Transcatheter heart valve devices, which are emerging globally to disrupt the traditional heart valve device market, are set to enter the Chinese market in 2014. Both Edwards Lifesciences' SAPIEN and Medtronic's CoreValve transcatheter aortic valve replacement (TAVR) devices are anticipated to enter the market that year, and Edwards Lifesciences may therefore not enjoy the first-mover advantage that it has benefited from in the US. Abbott Laboratories' MitraClip will be the first transcatheter mitral valve repair (TMVR) device to launch in China, reaching the market in 2016. By 2022, TAVR devices will generate $130 million and TMVR devices will generate $50 million in revenue in the country. These procedures will first emerge in Beijing and Shanghai before spreading inland, with procedure volumes concentrated in cities with prestigious medical schools.

"One unique feature in the Chinese market is the high usage of mechanical heart valves," said MRG Analyst Darren Lin. "These valves have fallen out of favor in the US and Europe because they require life-long anticoagulant therapy. However, their low cost has maintained their popularity in China. The use of mechanical heart valves has been further supported by the high prevalence of rheumatic fever in the country, which often leads to mitral regurgitation. Because rheumatic fever commonly afflicts younger individuals, mechanical heart valves are preferred for these patients because of their durability. However, as the rates of rheumatic fever decline and as the Chinese population becomes more affluent, the market will shift in favor of tissue heart valves, similar to other geographies."

Millennium Research Group's Chinese Markets for Heart Valve Devices 2014 report includes procedure, unit, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for heart valve replacement and repair devices in the province-level municipalities, as well as the east coast, central and other regions of China. A current year snapshot is also shown by hospital tier and city tier.

About Millennium Research Group
Millennium Research Group (, a Decision Resources Group company (, is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group

Alex Jablokow
Millennium Research Group

SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Innovative Solutions Impact High-End Hospital Information Systems in Europe, Says Frost & Sullivan
2. End Users Desire for Greater Control over Production Processes Increases Adoption of SISs in Europe, Finds Frost & Sullivan
3. Emphasis on X-Ray Quality Spurs Adoption of Computed and Digital Radiography in Europe, Finds Frost & Sullivan
4. Global Image Sensor Market (2013 - 2018) By Technology (CCD, CMOS, Contact IS, Infrared, X-ray, FSI, BSI); Applications (Healthcare, Surveillance, Automobile, Consumer, Defense, Industrial); Geography (North America, Europe, APAC, ROW)
5. High Degree of Disease Prevalence Sustains Diabetes Diagnostics Market in Europe, Finds Frost & Sullivan
6. Anesthesia Equipment and Associated Peripherals: Advanced, Patient-Friendly Devices Will Sustain Market Growth in Europe, States Frost & Sullivan
7. Increasing Minimal Invasive Surgeries to Boost Adoption of Hybrid Operating Rooms in Europe, Says Frost & Sullivan
8. Creative Edge Nutrition, Inc. Announces the Entrance into the Medical Marijuana Sector
9. Boston Scientific Announces Schedule Of Major Presentations At Transcatheter Cardiovascular Therapeutics 2013
10. ISSYS Inc. will showcase its Titan Wireless Implantable Hemodynamic Monitor and its clinical study summary at the 25th Annual Transcatheter Cardiovascular Therapeutics (TCT) Conference (Booth 1638) in San Francisco (October 29 to 31, 2013)
11. Japanese Heart Valve Device Market Growth Will Spike With The Launch of Transcatheter Heart Valves
Post Your Comments:
(Date:11/26/2015)... 26, 2015 ... "2016 Future Horizons and Growth Strategies ... Market: Supplier Shares, Country Segment Forecasts, Competitive ... offering. --> ) has ... Future Horizons and Growth Strategies in the ...
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Drug Monitoring (TDM) Market: Supplier Shares, ... Opportunities"  report to their offering.  ... the addition of the  "2016 Future ...
(Date:11/26/2015)... -- Research and Markets ( ) has ... Horizons and Growth Strategies in the Italian Therapeutic ... Forecasts, Competitive Intelligence, Emerging Opportunities" report to ... --> This new 247-page report provides ... monitoring market, including emerging tests, technologies, instrumentation, sales ...
Breaking Medicine Technology:
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... ... offering factory direct sauna parts and accessories. , Sauna accessories help improve ... the bather’s style and personality. From basic styles for the purist looking for ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... For the ... companies’ “ Two Organizations, One Beat ” campaign. The partnership between the two groups ... to aid in MAP International’s cause. , MAP International was founded in 1954 and ...
(Date:11/25/2015)... ... 2015 , ... On November 25, 2015, officials of Narconon Arrowhead , ... release of a new cutting edge recovery program that has been 50 years in ... and alcohol-addicted individuals with the purpose to free addicts from the symptoms and negative ...
(Date:11/25/2015)... ... November 25, 2015 , ... Smiles by Stevens is ... and moderate facial wrinkling. While many patients are aware of the benefits of Botox® ... Botox® delivers to those suffering with discomfort, soreness, and pain as a result of ...
(Date:11/25/2015)... ... ... In an ongoing Clinical Study conducted by an independent physician, Andrew Gostine, MD, ... the efficacy of its product and its disinfection protocol. This study is taking place ... through October 2015 at a 360-bed, acute-care, academic medical center located in Chicago, Illinois. ...
Breaking Medicine News(10 mins):