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Transcatheter Valve Repair System Global Market Forecasted to Reach $7.07 Billion at a CAGR of 7.9% By 2028 | Medtronic Plc., Bracco Group, LivaNova Plc., Sorin Group, Endologix LLC
Transcatheter Valve Repair System Market
As per the report, the transcatheter valve repair system market size has grown strongly in recent years. It will grow from $4.79 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The transcatheter valve repair system market size is expected to see strong growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Increasing Incidence Of Heart Diseases Fuels Growth In The Transcatheter Valve Repair System Market
The rise in the incidence of heart diseases is expected to propel the growth of the transcatheter valve repair system market going forward. Heart disease refers to a condition that affects the blood vessels or the heart. 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. For instance, in December 2022, according to data published by New York government, in the United States, heart disease claims the lives of about 697,000 people annually, or 1 in every 5 fatalities where around 805,000 Americans experience a heart attack each year among which 605,000 of these result in a first-time heart attack, while 200,000 are caused by previous heart attacks. Therefore, the rise in the incidence of heart disease is driving the growth of the transcatheter valve repair system market.
Product Innovation Drives Momentum In The Transcatheter Valve Repair System Market
Product innovation has emerged as a key trend gaining popularity in the transcatheter valve repair system market. 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.
The transcatheter valve repair system market covered in this report is segmented -
1) By Product Type: Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral Valve Replacement (TMVR), Transcatheter Pulmonary Valve Replacement (TPVR), Transcatheter Tricuspid Valve Replacement (TTVR)
2) By Application: Aortic Stenosis, Mitral Stenosis, Tricuspid Stenosis, Pulmonary Stenosis
3) By End-user: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-Users
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Major companies operating in the transcatheter valve repair system market report 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, HLT Medical Inc., Symetis SA, JenaValve Technology Inc., 4C Medical Technologies Inc., Cardiac Dimensions Inc., Valve Solutions Inc., Transcatheter Technologies GmbH, Evalve Corporation, Colibri Heart Valve LLC, Aegis Surgical Limited, Medtentia International Ltd., Coramaze Technologies Ltd., Neovasc Inc., Anteris Technologies Ltd.
Contents of the report:
1. Executive Summary
2. Transcatheter Valve Repair System Market Report Structure
3. Transcatheter Valve Repair System Market Trends And Strategies
4. Transcatheter Valve Repair System Market - Macro Economic Scenario
5. Transcatheter Valve Repair System Market Size And Growth
…..
27. Transcatheter Valve Repair System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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