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Tanscatheter Mitral Valve Repair and Replacement Market By Product and Service, By Application, By End User and Region: Global Industry Analysis, Share, Opportunity, Competition and Forecast 2021 to 2027 - Abbott, Boston Scientific

12-13-2021 05:28 AM CET | Health & Medicine

Press release from: Market Insights Reports

The Tanscatheter Mitral Valve Repair and Replacement Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Tanscatheter Mitral Valve Repair and Replacement Market Size is Projected to Reach at a CAGR of 30% during 2021-2027.

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Factors such as an increase in the geriatric population, a rise in the number of pipeline devices, and a high prevalence of mitral valve disorders fuel the growth of the global transcatheter mitral valve repair & replacement market. Additionally, technological advancements and the introduction of novel mitral valves boost the market growth. However, strict regulations set by governing bodies, the high cost of mitral valve surgeries, and high-risk factors linked with these procedures are the major restraints of the market. In developing countries, an increase in healthcare expenditure and the advent of cardiovascular disorders will result in the development of productive opportunities for major market players.The  Mitral valve is positioned between the left atrium and left ventricle. In mitral valve disorder, the valve does not function properly, leading to erratic blood flow. This irregular blood flow can result in disorders such as mitral valve prolapse or mitral valve regurgitation. Transcatheter mitral valve repair and replacement methods are gaining traction owing to technological advancements in valve therapy. Transcatheter mitral valve replacement can be used as an alternative to open-heart surgery and is helpful in the treatment of mitral valve stenosis, mitral valve prolapse, and mitral valve regurgitation.

Top Leading Companies:

Abbott, Boston Scientific, Edwards Lifesciences, Medtronic, HighLife Medical, LivaNova, Neovasc, 4C Medical Technologies

Recent Development:

Abbott Laboratories has acquired 36 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 8 assets. Abbott Laboratories’ largest acquisition to date was in 2016 when it acquired St. Jude Medical for $25.0B. Its largest disclosed sale occurred in 2015 when it sold Abbott - Non-U.S. Developed Markets Specialty and Branded Generics to Viatris for $5.3B. Abbott Laboratories has acquired in 8 different US states, and 9 countries. The Company’s most targeted sectors include medical products (55%) and life science (34%). Abbott Laboratories is a diversified, global provider of diagnostics, medical devices, nutrition and pharmaceuticals. Abbott Laboratories was formed in 1888 and is based in Abbott Park, Illinois.

Boston Scientific has acquired 59 companies, including 23 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 6 assets. Boston Scientific’s largest acquisition to date was in 2006 when it acquired Guidant for $24.6B. Its largest disclosed sale occurred in 2020 when it sold BTG Specialty Pharmaceuticals to SERB SA for $800M. Boston Scientific has acquired in 11 different US states, and 7 countries. The Company’s most targeted sectors include medical products (76%) and healthcare services (15%). Boston Scientific is a medical technology company. Boston Scientific's products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. Boston Scientific was formed in 1979 and is based in Marlborough, Massachusetts.

Tanscatheter Mitral Valve Repair and Replacement Market Segmentation by Type:

Mechanical Valves
Bioprosthetic Tissue Valves

Tanscatheter Mitral Valve Repair and Replacement Market Segmentation by Application:

Mitral Regurgitation
Mitral Valve Stenosis

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North America Dominates the Market

North America is projected to capture major market share owing to the presence of a large patient population and a well-established medical reimbursement policy. Moreover, advanced health care infrastructure and rise in awareness about mitral valve diseases fuel the growth of the market in the region. However, the transcatheter mitral valve repair & replacement market in the Asia Pacific is expected to expand at a high CAGR in the next years, as major players are increasing presence and expanding manufacturing facilities in the region. For instance, in March 2011, Medtronic inaugurated a new manufacturing facility in Singapore in order to meet the high demand for cardiac devices in this region. Hence, these factors are expected to propel the market in the region.

Regional Tanscatheter Mitral Valve Repair and Replacement Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Tanscatheter Mitral Valve Repair and Replacement Market Report:

Detailed overview of Tanscatheter Mitral Valve Repair and Replacement Market
Changing the Tanscatheter Mitral Valve Repair and Replacement market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Tanscatheter Mitral Valve Repair and Replacement market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Tanscatheter Mitral Valve Repair and Replacement Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Tanscatheter Mitral Valve Repair and Replacement Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Tanscatheter Mitral Valve Repair and Replacement industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

ABOUT US:

Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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Irfan Tamboli (Head of Sales) – Market Intelligence information

Phone: + 1704 266 3234 | 750-707-8687

Email: sales@marketintelligencedata.com

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