Annuloplasty Rings Industry to Witness Massive Growth (2024-2031) | Medtronic Plc, Abbott Laboratories & Genesee BioMedical Inc.

The Global Annuloplasty Rings Market was valued at $32.64 million in 2023 and is projected to reach $42.76 million by 2031, growing at a CAGR of 3.5% from 2024 to 2031.

Aortic annuloplasty involves reducing a dilated aortic annulus and enhancing the valve's coaptation surface. Annuloplasty rings, which can be made of mesh, metal, or plastic, are used in these procedures to support the heart valve. These rings mimic the natural movement and flexibility of the heart valve, improving its function.

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Market Dynamics:

High prevalence of valvular disorders

The rising prevalence of valvular diseases is anticipated to drive the growth of the annuloplasty rings market. Annuloplasty rings are crucial for closing valve leaflets and ensuring proper blood flow, often used in conjunction with heart valve repairs. The increasing incidence of valvular conditions heightens the demand for these procedures and, consequently, for annuloplasty rings.
For example, mitral regurgitation (MR), the third most common form of valvular heart disease, affects around 24.2 million people globally and is the most prevalent valvular abnormality, impacting over 2% of the population, with its incidence rising with age. Additionally, mitral valve stenosis, affecting 1 in every 100,000 individuals in the US and more common in developing countries with limited medical access, further underscores the need for annuloplasty rings.

Segment Covered in the Annuloplasty Rings Market:

By Type: Flexible Annuloplasty Rings, Rigid Annuloplasty Rings, Semi-rigid Annuloplasty Rings.

By Application: Mitral Valve Annuloplasty, Tricuspid Valve Annuloplasty, Aortic Valve Annuloplasty.

By End User: Hospitals and Clinics, Ambulatory Surgical Centers, Others.

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Major Key players involved in Annuloplasty Rings Market:

• Medtronic Plc
• Labcor Laboratórios Ltd
• Braile Biomédica
• CARDION s.r.o
• Edwards Lifesciences Corporation
• Abbott Laboratories
• Corcym UK Limited
• FOC Medical SA
• Genesee BioMedical Inc.
• DCD PRODUCTS SRL

Regional Analysis:

The global Light Therapy Device Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Light Therapy Device Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Light Therapy Device Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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