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Transcatheter Valve Repair System Market Trends, Top Companies, Share, Growth And Forecast 2032
Transcatheter Valve Repair System Market
The Business Research Company's Transcatheter valve repair system Global Market Report 2023 identifies the rise in the incidence of heart diseases as the major driver for the transcatheter valve repair system market's growth in the forecast period. Transcatheter devices are used to replace a defective aortic valve with an artificial valve in the treatment of valvular heart disease, specifically aortic valve disease.
The global transcatheter valve repair system market size is expected to grow from $4.38 billion in 2022 to $4.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of transcatheter valve repair system market is expected to reach $6.53 billion in 2027 at a CAGR of 8%.
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Major competitors in the transcatheter valve repair system market are Abbott Laboratories, Medtronic Plc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Bracco Group, LivaNova Plc., Meril Life Sciences Pvt. Ltd., Sorin Group, Cordis Corporation, MicroPort Scientific Corporation., Biotronik Pvt. Ltd, AtriCure Inc., OrbusNeich Medical Group Holdings Limited, Endologix LLC, Venus Medtech (Hangzhou) Inc., Dura LLC.
A key trend in the transcatheter valve repair system market includes product innovation. Prominent market participants actively direct their endeavors toward developing innovative products to fortify their market position. For instance, in December 2022, Abbott Laboratories Inc, a US-based healthcare company that discovers, develops, manufactures, and sells a diversified range of healthcare products, launched the newest generation transcatheter aortic valve implantation (TAVI) system, Navitor, making the minimally invasive technology accessible to those in India who have severe aortic stenosis and are at high or extreme risk for surgery. By using advances, including a design to stop blood from leaking around the valve, the business is advancing TAVI (also known as TAVR or transcatheter aortic valve replacement) therapies using the Navitor valve.
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The transcatheter valve repair system market is segmented -
• By Product Type: Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral Valve Replacement (TMVR), Transcatheter Pulmonary Valve Replacement (TPVR), Transcatheter Tricuspid Valve Replacement (TTVR)
• By Application: Aortic Stenosis, Mitral Stenosis, Tricuspid Stenosis, Pulmonary Stenosis
• By End-user: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the transcatheter valve repair system market.
The Business Research Company's "Global Transcatheter valve repair system Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Transcatheter valve repair system Market Include:
1. Executive Summary
2. Transcatheter Valve Repair System Market Characteristics
3. Transcatheter Valve Repair System Market Trends And Strategies
4. Transcatheter Valve Repair System Market - Macro Economic Scenario
5. Global Transcatheter Valve Repair System Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Transcatheter Valve Repair System Market Competitive Benchmarking
33. Global Transcatheter Valve Repair System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Transcatheter Valve Repair System Market
35. Transcatheter Valve Repair System Market Future Outlook and Potential Analysis
36. Appendix
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