Press release
Innovations in Pediatric Heart Valve Repair And Replacement Market: Market Size, Demand Trends, and Competitive Strategies in Pediatric Cardiology
Pediatric Heart Valve Repair And Replacement Market
The Business Research Company presents an extensive market research report on the Pediatric Heart Valve Repair And Replacement Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The pediatric heart valve repair and replacement market size has grown steadily in recent years. It will grow from $3.23 billion in 2023 to $3.36 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to increasing prevalence of congenital heart defects, growing awareness and early diagnosis, supportive regulatory environment, rising healthcare investments, and patient and parent advocacy.
The pediatric heart valve repair and replacement market size is expected to see steady growth in the next few years. It will grow to $3.77 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to increased incidence of pediatric cardiovascular conditions, expanded access to pediatric cardiac care, growing emphasis on early intervention, rise in pediatric cardiovascular research, and global healthcare infrastructure development. Major trends in the forecast period include growing adoption of tissue-engineered heart valves, pediatric-specific device innovation, expansion of hybrid approaches, rising application of 3d printing technology, and pediatric valve-in-valve procedures.
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Key Market Players:
Major companies operating in the pediatric heart valve repair and replacement market report are Abbott Laboratories, Medtronic plc, Labcor Laboratórios Ltda, Boston Scientific Corporation, Bracco Group , Lepu Medical Technology (Beijing) Co. Ltd., Edwards Lifesciences Corporation, Artivion Inc., CryoLife Inc., LivaNova PLC, TTK Healthcare Limited, Braile Biomedica Ltda., Arbor Surgical Technologies Inc. , Micro Interventional Devices Inc., Xeltis AG, Auto Tissue Berlin GmbH, BioStable Science and Engineering Inc., Colibri Heart Valve LLC, Valcare Medical, Symetis SA, Neovasc Inc., Aortech international Plc., On-X Life Technologies Holdings Inc., JenaValve Technology Inc., Meril Life Sciences Pvt. Ltd.
Market Drivers:
The increasing incidence of congenital heart defects is expected to propel the growth of the pediatric heart valve repair and replacement market going forward. A congenital heart defect (CHD) is a problem with the structure of the heart that is present at birth. Pediatric heart valve repair and replacement are used in the treatment of congenital heart defects to improve the heart's function and the child's overall health, prevent complications, and improve the quality of life for affected children. For instance, in March 2022, according to reports published by the American Heart Association, Inc., a US-based nonprofit organization, more than 2.4 million Americans currently live with a congenital heart defect (CHD), and every year, around 40,000 infants in the United States are born with cardiac defects. Therefore, the increasing incidence of congenital heart defects will drive concrete restoration market growth.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/pediatric-heart-valve-repair-and-replacement-global-market-report
The pediatric heart valve repair and replacement market covered in this report is segmented -
1) By Product: Heart Valve Repair, Mechanical Heart Valves, Bioprosthetic Heart Valves, Transcatheter Aortic Valve Implantation (TAVI)
2) By Indication: Congenital Heart Defects, Heart Muscle Disease, Atresia, Arrhythmias, Other Cardiac Disorders
3) By End-User: Hospitals, Independent Cardiac Catheterization Labs, Ambulatory Surgical Centers
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