Rising Surgical Procedures to Upsurge Demand for Tricuspid Valve Regurgitation : Fact.MR

he global incidence of valvular heart defects in the ageing geriatric population will give an upswing to the demand for annuloplasty procedures for tricuspid valve repair. According to WHO, 2.0% of global deaths from cardiovascular diseases are related to rheumatic heart disease.

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Innovations in minimally invasive procedures are executed to spur the adoption of tricuspid valves. Artificial valves are gaining prominence as it is becoming increasingly feasible to solve fluid dynamics problems and simulate flow within an artificial heart valve. The availability of computational tools can also be used to approximate fluid mechanics parameters such as turbulence and regurgitation volumes and pressure drops. On the back of these aforementioned factors, the tricuspid valve repair market is estimated to grow at a dexterous CAGR of 10.0% during the forecast period (2019-2029).

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Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, and compound annual growth rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the tricuspid valve repair market during the forecast period.

The study is relevant for stakeholders in the tricuspid valve repair market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the tricuspid valve repair market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in Fact.MR’s study.

“Increasing research & development funding and acquisition strategies adopted by major players to expand their regional presence is anticipated to favor the tricuspid valve repair market growth.” says the Fact.MR Analyst.

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The study also includes statistics as well as facts related to macroeconomic as well as microeconomic factors that are impacting key developments in the market. It also offers actionable insights based on the future trends in the tricuspid valve repair market. Furthermore, small businesses and new entrants in the tricuspid valve repair market too can make use of the information presented in this study, based on which, they can make appropriate business decisions to gain momentum in the market.

Key Takeaways of Tricuspid Valve Repair Market Study

By product type, annuloplasty rings are primarily used in tricuspid valve repair. This is primarily attributed to the absence of other approved medical devices to repair tricuspid valves in the heart.

Germany and France will hold 13.1% and 11.1% of the global tricuspid valve repair share. Germany is anticipated to exhibit notable CAGR, owing to availability of approved products to treat tricuspid valve defects.

The hospitals segment has maintained its supremacy in the tricuspid valve repair market, which is attributed to the presence of state-of-the-art, cutting-edge technologies for tricuspid valve surgical procedures to treat tricuspid valve defects.

Key Segments of Tricuspid Valve Repair Market

Fact.MR’s study on the tricuspid valve repair market offers information divided into four important segments— product type, indication, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

By Product Type

Annuloplasty rings

By Indication

Tricuspid Valve Regurgitation
Tricuspid Valve Stenosis

By End User
Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Laboratories

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The research study on the tricuspid valve repair market by Fact.MR incorporates an unbiased assessment of key demand-driving factors and trends, which have shaped the landscape of the tricuspid valve repair market over 2014 – 2018 and includes a detailed assessment of key parameters that are anticipated to exert influence during 2019 – 2029. Market statistics have been presented on the basis of product type (annuloplasty rings), Indication (tricuspid valve regurgitation, and tricuspid valve stenosis) and end user (hospitals, ambulatory surgical centers, and cardiac catheterization laboratories) across major countries of key regions.

Key Questions Answered in Fact.MR’s Tricuspid Valve Repair Market Report

Which regions will continue to remain the most profitable regional markets for tricuspid valve repair market players?

Which factors will induce a change in the demand for annuloplasty ring manufacturers during the assessment period?

How will changing trends impact the tricuspid valve repair market?

How can market players capture the low-hanging opportunities in the tricuspid valve repair market in developed regions?

Which companies are leading the tricuspid valve repair market?

What are the winning strategies of stakeholders in the tricuspid valve repair market to upscale their position in this landscape?

Acquisition and Product Portfolio Expansion are the Key Strategies Followed by Market Players

Tricuspid valve repair device manufacturers are focusing on mergers and acquisitions, which can give them a broader spectrum of product offerings, enhanced capabilities, and large scale manufacturing. In 2017, Edwards Lifesciences acquired Israel based Valtech Cardio, a developer of Cardioband System for Transcatheter repair of mitral and tricuspid valves. With the growing investments in healthcare infrastructure and technological advancements, manufacturers are also focusing on research & development investments to innovate new procedures and medical devices used in tricuspid valve repair.

For More Insights: http://www.globenewswire.com/en/news-release/2019/09/17/1916774/0/en/Stringent-Food-Regulations-and-Increasing-Consumer-Health-Consciousness-Will-Help-Accelerate-Natural-Food-Color-Additives-Sales-Finds-Fact-MR.html

Tricuspid Valve Repair Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the tricuspid valve repair market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of conclusions.

Secondary resources referred to analysts during the production of the tricuspid valve repair market study include statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the tricuspid valve repair market, and makes Fact.MR’s projection on the growth prospects of the tricuspid valve repair market more accurate and reliable.

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