Press release
The Heart Valve Repair and Replacement Market to grow on the back of on-demand healthcare, witnessing a CAGR of 10.40%
According to Persistence Market Research's latest report, the Global Heart Valve Repair Replacement Market size will surpass US$ 12,621.4 Million in terms of market value by 2028, at a whopping CAGR of 10.4%. The report states that the Heart Valve Repair Replacement has been a rapidly expanding sector, due to increased prevalence of cardiac disorders among the geriatric population globally.
Furthermore, an increase in the adoption of Artificial intelligence and other data driven technologies along with the favorable reimbursement and medical insurance policies are significantly driving the growth of the global Heart Valve Repair Replacement market. However, some obstacles, such as high costs and risks associated with heart valve repair and replacement procedures, are anticipated to stymie market growth.
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Companies
Medtronic
Abbott
Edwards Lifesciences Corporation
Boston Scientific Corporation
CryoLife, Inc.
LivaNova PLC
Colibri Heart Valve
JenaValve Technology, Inc.
Micro Interventional Devices, Inc.
Braile Biomedica
Arbor Surgical Technologies, Inc.
Aortech International Plc
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In terms of region, North America is projected to dominate the market. This is due to the expanding healthcare industry in the United States and Canada. Furthermore, the efforts of the region's governments are likely to promote the expansion of the global heart valve repair and replacement market throughout the forecast period of 2022 to 2028. Apart from this, the Asia Pacific and Europe are also anticipated to have considerable market growth due to an increasing geriatric population and improving health infrastructure in these regions.
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PMR has presented a comprehensive report based on Heart Valve Repair Replacement Market as per Product (into Heart Valve Repair, Heart Valve Replacement, Tissue Heart Valves, Transcatheter Aortic Valve Implantation), Indication (Aortic Stenosis, Aortic Regurgitation, Mitral Stenosis, Mitral Regurgitation), End User (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories) based on seven regions.
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