Transcatheter aortic valve replacement's golden years are over - Medical Device Network

For the past mates of years, transcatheter aortic valve replacement (TAVR) has been enjoying an detonation successful growth. It was 1 of, if not the, fastest-growing cardiovascular markets, with accordant maturation of astir 15% twelvemonth implicit year. This maturation resulted successful a marketplace that is utilized to maturation and, successful fact, whitethorn expect it. However, with the aftereffects of the pandemic connected the healthcare manufacture arsenic good arsenic the maturity of the TAVR market, the halcyon days of TAVR marketplace maturation whitethorn beryllium coming to an end.

Edward Lifesciences’ CEO Michael Mussallem was quoted arsenic saying “US TAVR process volumes continued to beryllium impacted by determination US staffing constraints, which were somewhat worse than we anticipated.” Edwards Lifesciences dominates the TAVR abstraction successful the US; GlobalData estimates that the institution makes up astir 75% of each US procedures. Therefore, if Edwards Lifesciences is expecting gloomier days, its competitors should expect the aforesaid oregon worse.

Edwards Lifesciences has present adjusted its maturation forecast down to lone mid-single digits, a acold outcry from the 10% – 18% of yesteryear. This is successful enactment with GlobalData’s ain forecasts. The TAVR marketplace has seen maturation of up to 40% successful the past 7 years, arsenic it exploded onto the country with expanded indications and improving clinician cognition of erstwhile and however to usage the procedure. However, arsenic the marketplace matures, the scope for maturation is ever diminishing. GlobalData expects that should these chilly headwinds proceed to hamstring TAVR’s growth, the US marketplace whitethorn lone scope a size of $4.7bn, arsenic opposed to the heady $5.9bn that could person been expected if specified events hadn’t occurred.

These problems are compounded by the macroeconomic factors astatine play successful the US arsenic well. The Covid pandemic had a horrible effect connected the healthcare industry. Short staffing and overwork owed to a never-before-seen workload led to precocious levels of burnout and unit departure from the aesculapian field. This exacerbated the issues, causing further unit to leave. Hospitals are struggling to find capable staff, and this is causing procedures to beryllium delayed oregon adjacent cancelled. It volition beryllium a agelong clip until the healthcare manufacture recovers from this blow, and until then, process volumes – and, ultimately, patients – volition person to carnivore the consequences.