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TAVR Market Shifting Into High Gear

Momentum is building in the burgeoning and rapidly evolving transcatheter aortic valve replacement (TAVR) market. With a growing body of clinical evidence, the potential for expanded indications in lower-risk patients, and more favorable reimbursement on the horizon, the TAVR market is shifting into high gear, with solid, double-digit growth ahead.

With the mounting five-year clinical evidence and proven cost-effectiveness of transcatheter aortic valve replacement (TAVR), robust and sustained growth is projected in the TAVR market. Incremental improvements along with expanded indications for use in lower-risk patients – a much greater potential patient population – accompanied by favorable reimbursement set for 2015, have shifted this market into high gear. On October 1, a hike in reimbursement for TAVR along with an increase in payment rates helped lay the groundwork for solid growth in the years ahead. Leerink Swann is projecting annual growth rates of transcatheter valve replacement (TVR) in excess of 30% worldwide through 2017 and most industry analysts concur. By 2019, the worldwide TAVR market is estimated to reach over $3 billion. (See Exhibit 1.)

Exhibit 1

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