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Transcatheter Valve Repair System Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Transcatheter Valve Repair System Market
The burgeoning prevalence of cardiovascular disorders is set to fuel the expansion of the transcatheter valve repair system market. Cardiovascular disease usually involves the vasculature or the heart. Transcatheter systems are employed to swap a faulty aortic valve with a synthetic one in valvular heart disease treatment, especially aortic valve disorders. For example, in December 2022, the New York government released data illustrating that heart disease is responsible for roughly 697,000 deaths annually, or 1 out of every 5 fatalities in the United States, with an estimated 805,000 people suffering a heart attack each year. Among these, 605,000 are first-time incidents, while 200,000 are recurrences. Hence, the escalating prevalence of cardiovascular disease boosts the expansion of the transcatheter valve repair system market.
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What is the projected compound annual growth rate (CAGR) of the transcatheter valve repair system market from 2025 to 2034, and what factors influence it?
The market size of the transcatheter valve repair system has recently seen robust growth. It is projected to increase from $5.08 billion in 2024 to $5.48 billion in 2025 with a 7.9% compound annual growth rate (CAGR). This significant growth in the past can be credited to factors such as rising rates of cardiovascular disease, restrictions in surgical procedures, initial success of transcatheter valves, financial input into research and development activities, as well as the adoption and training of clinicians.
The market size for the transcatheter valve repair system is predicted to witness substantial expansion in the upcoming years, elevating to $7.67 billion in 2029 with a compound annual growth rate (CAGR) of 8.8%. The expected growth during the forecast period can be credited to broader indications, an increasing elderly population, efforts towards value-oriented healthcare, patient-focused care strategies, and the evolution of next-gen devices. Emerging trends for the forecast period incorporate emphasis on long-term durability, integration into the healthcare system, precision medicine guided by data, interventions assisted by robotics and remote procedures, and hybrid procedures.
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How are the latest trends influencing the growth of the transcatheter valve repair system market?
The advancement of product innovation is gaining momentum as a major trend in the transcatheter valve repair system market. Renowned players in the market are constantly focusing their efforts on developing inventive products to strengthen their market standing. In December 2022, for example, Abbott Laboratories Inc., a healthcare company based in the US, that engages in the discover, development, manufacture, and sale of a vast range of healthcare goods, introduced the latest generation of transcatheter aortic valve implantation (TAVI) system, Navitor, paving the way for the use of minimally invasive technology in India for those with severe aortic stenosis and who are at a high or extreme risk of surgery. Through innovations, including a design aimed at preventing blood leakage around the valve, the company is forwarding TAVI (also referred to as TAVR or transcatheter aortic valve replacement) treatments employing the Navitor valve.
What are the major segments of the transcatheter valve repair system market and their role in driving growth?
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
Subsegments:
1) By Transcatheter Aortic Valve Replacement (TAVR): Self-Expandable TAVR Valves, Balloon-Expandable TAVR Valves, Mechanically Expanded TAVR Valves
2) By Transcatheter Mitral Valve Replacement (TMVR): Self-Expandable TMVR Devices, Balloon-Expandable TMVR Devices, Transcatheter Mitral Valve Repair Systems
3) By Transcatheter Pulmonary Valve Replacement (TPVR): Self-Expandable TPVR Valves, Balloon-Expandable TPVR Valves
4) By Transcatheter Tricuspid Valve Replacement (TTVR): Self-Expandable TTVR Devices, Balloon-Expandable TTVR Devices
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Which regions are key players in the growth of the transcatheter valve repair system market?
North America was the largest region in the transcatheter valve repair systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transcatheter valve repair system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the transcatheter valve repair system market?
Major companies operating in the transcatheter valve repair system market include Abbott Laboratories, Medtronic Plc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Bracco Group, LivaNova Plc., Meril Life Sciences Pvt. Ltd., Cordis Corporation, MicroPort Scientific Corporation., Biotronik Pvt. Ltd, AtriCure Inc., OrbusNeich Medical Group Holdings Limited, 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, Medtentia International Ltd., Coramaze Technologies Ltd., Neovasc Inc., Anteris Technologies Ltd.
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What Is Covered In The Transcatheter Valve Repair System Global Market Report?
• Market Size Forecast: Examine the transcatheter valve repair system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the transcatheter valve repair system market for a structured understanding.
• Key Players Overview: Analyze major players in the transcatheter valve repair system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the transcatheter valve repair system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the transcatheter valve repair system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the transcatheter valve repair system market.
• Industry Challenges: Identify potential risks and obstacles affecting the transcatheter valve repair system market.
• Competitive Landscape: Review strategic developments in the transcatheter valve repair system market, including expansions, agreements, and new product launches.
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