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Mitral Valve Disease Market Size Projected To Reach $4.73 Billion By 2034 With A Cagr Of 9.4%
Mitral Valve Disease Market Size
What Is the Projected Growth of the Mitral Valve Disease Market?
The mitral valve disease market size has seen strong growth in recent years. It is projected to grow from $3 billion in 2024 to $3.3 billion in 2025 at a CAGR of 9.8%. Growth factors include improved patient education, supportive insurance and reimbursement structures, increased healare spending, enhanced screening efforts, and wider market penetration.
The mitral valve disease market is set to see strong growth in the coming years, expected to reach $4.73 billion by 2029, at a CAGR of 9.4%. Growth factors include the rising prevalence of mitral valve disease, the increased adoption of minimally invasive techniques, innovations in heart valve surgery, increased venture capital investments, and growing interest from manufacturers. Key trends during this period will include advancements in technology, innovations in transcatheter technologies, and further technological improvements in surgical procedures.
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What Are the Different Mitral Valve Disease Market Segments?
The mitral valve disease market covered in this report is segmented -
1) By Treatment Type: Mitral Valve Repair, Mitral Valve Replacement, Cardiac Resynchronization Therapy, Mitral Valve Therapeutics
2) By Indication: Mitral Valve Stenosis, Mitral Valve Prolapse, Mitral Valve Regurgitation
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Mitral Valve Repair: Surgical Repair, Minimally Invasive Repair, Percutaneous Mitral Valve Repair
2) By Mitral Valve Replacement: Mechanical Valve Replacement, Biological Valve Replacement, Transcatheter Mitral Valve Replacement (TMVR)
3) By Cardiac Resynchronization Therapy: Pacemaker Therapy, Implantable Cardioverter-Defibrillators (ICD), Biventricular Pacing
4) By Mitral Valve Therapeutics: Pharmacological Treatments, Anticoagulation Therapy, Mitral Valve Repair Devices
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What Are the Primary Drivers Shaping the Mitral Valve Disease Market?
The increasing prevalence of vascular heart diseases is expected to propel the growth of mitral valve disease market going forward. Vascular heart diseases encompass a group of conditions affecting the blood vessels supplying the heart or within the heart itself. A complex interplay of lifestyle choices, demographic changes, medical conditions, environmental factors, and genetic variables drives the increasing cases of vascular heart diseases. Vascular heart diseases, such as ischemic heart disease and hypertension, can indirectly cause mitral valve disease by compromising the heart's structure and function, leading to conditions that affect the mitral valve. For instance, in June 2024, according to data from the Australian Bureau of Statistics 2020-21, a National Health Survey conducted by the Australian Institute of Health and Welfare, an Australia-based government agency, in Australia, the death rate from cardiovascular disease per 100,000 population increased from 143.7 in 2021 to 148.2 in 2022 for males. Therefore, the increasing prevalence of vascular heart diseases is driving the mitral valve disease market.
Which Companies Are Leading in the Mitral Valve Disease Market?
Major companies operating in the mitral valve disease market are Pfizer Inc., Bayer AG, Abbott Laboratories, Novartis AG, Medtronic plc, Boston Scientific Corporation, Edwards Lifesciences, ShockWave Medical Inc., Artivion Inc., TTK Health Care Limited, Braile Biomedica, JenaValve Technology Inc., 4C Medical technologies, Labcor Laboratorios Ltda, CryoLife Inc., Valcare Medical, Affluent Medical, Colibri Heart Valve LLC, Coramaze Technologies, Corcym UK Limited, HighLife Medical, Micro International Devices Inc., Neovasc Inc., Mitralign Inc., Transcatheter Technologies GmbH
What Are the Major Trends Shaping the Mitral Valve Disease Market?
Leading organizations in the mitral valve disease market are introducing stented tissue valves as a response to increasing patient preference for less invasive treatment methods. These valves are developed to provide dependable and durable performance, presenting a substitute to traditional surgical procedures. For example, Medtronic, a healare corporation based in Ireland, in April 2024, released the Avalus Ultra valve. This advanced surgical aortic tissue valve is built for improved user experience during implantation and for managing patients over an extended period. Learning from ten years of hands-on clinical experience with the initial Avalus valve, the new Avalus Ultra comes equipped with a low valve profile for easy implantation, a PEEK base frame for maintaining uniform roundness, and an Effective Orifice Area (EOA) that excels in the industry and potentially enhances blood flow. Furthermore, it is comprised of a radiopaque coil for unambiguous visibility in potential future valve-in-valve procedures.
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What Are the Top Revenue-Generating Geographies in the Mitral Valve Disease Market?
Europe was the largest region in the mitral valve disease market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mitral valve disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mitral Valve Disease Market?
2. What is the CAGR expected in the Mitral Valve Disease Market?
3. What Are the Key Innovations Transforming the Mitral Valve Disease Industry?
4. Which Region Is Leading the Mitral Valve Disease Market?
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