Press release
Transcatheter Heart Valve Replacement Devices Market Size, Share & Report 2023-2030
Transcatheter Heart Valve Replacement Devices Market - DataM Intelligence
The Global Transcatheter Heart Valve Replacement Devices Market is expected to grow at a high CAGR during the forecast period 2023-2030.
Transcatheter Heart Valve Replacement (THVR) devices represent advanced medical technologies designed for minimally invasive interventions in replacing malfunctioning heart valves. These devices offer a viable alternative for individuals afflicted with conditions like aortic stenosis or regurgitation, enabling them to benefit from a valve replacement without the necessity of open-heart surgery.
THVR devices are crafted to be inserted into blood arteries through catheters, typically through access points like the femoral artery. Comprising bioprosthetic valves constructed from materials such as bovine, porcine, or human tissues, these devices mimic the functionality of natural heart valves. The replacement valve is securely positioned within the natural valve annulus using frames or stents incorporated in THVR devices.
The option of self-expanding or balloon-expandable frames adds versatility to these devices. Upon reaching the target location through THVR devices, mechanisms facilitate the deployment of the valve in the intended position. Depending on the patient's anatomy and health, various access routes, such as transfemoral, transapical, or transaortic, may be chosen for the procedure.
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Market Dynamics
The increasing benefits of Transcatheter Mitral Valve Replacement (TMVR) are particularly noteworthy for patients grappling with mitral valve disease, such as mitral stenosis or regurgitation. This innovative medical treatment offers several advantages.
Notably, TMVR can be performed with minimal invasiveness, utilizing tiny punctures or catheters inserted into blood vessels, thereby reducing the need for major surgical incisions. This approach, in comparison to traditional open-heart surgery, results in decreased trauma, reduced patient suffering, quicker recovery times, and a lower risk of infection.
Patients undergoing TMVR typically experience shorter hospital stays compared to those opting for standard surgical mitral valve replacement. This translates to faster healing and an earlier resumption of regular activities. TMVR proves especially beneficial for individuals classified as high-risk or inoperable for open-heart surgery due to factors like advanced age, fragility, or the presence of additional medical disorders, providing them with a valuable therapeutic option.
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Market Segmentation
By Product
Self-Expandable Transcatheter Aortic Valves
Self-Expandable Transcatheter Aortic Valves
Ballon Expandable Transcatheter Aortic Valves
Mechanically Expandable Transcatheter Aortic Valves
By Procedure Type
Transcatheter Aortic Valve Replacement
Transcatheter Mitral Valve Replacement
Transcatheter Pulmonary Valve Replacement
By Indication
Severe Aortic Valve Stenosis
Aortic Regurgitation
Others
By End-users
Hospitals
Ambulatory Surgical Centers,
Cardiac Catheterization Laboratories
Market Key Players
Major players are Abbott, Edwards Lifesciences Corporation, Medtronic plc., Boston Scientific Corporation, JenaValve Technology, Inc., Meril Life Sciences, Sahajanand Medical Technologies Limited, MicroPort Scientific Corporation, Venus Medtech (Hangzhou) Inc., and Peijia Medical Limited.
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