Press release
Steady Expansion Forecast for Transcatheter Valve Repair System Market, Projected to Reach $7.67 Billion by 2029
Transcatheter Valve Repair System
Transcatheter Valve Repair System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for the transcatheter valve repair system has experienced significant growth. It is projected to expand from $5.08 billion in 2024 to $5.48 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. This growth during the historical period can be tied to factors such as the increasing rates of cardiovascular diseases, restrictions related to surgeries, the initial success of the transcatheter valve, contributions towards research and development, as well as the adoption and training of these systems by physicians.
Transcatheter Valve Repair System Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for the transcatheter valve repair system is predicted to experience robust growth, reaching $7.67 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. The growth expected in this period is primarily due to factors like increased indications, an aging populace, value-based healthcare initiatives, focus on patient-centric care, and the development of next-generation devices. Noteworthy trends predicted for this period are a focus on long-term durability, integration of the healthcare system, reliance on data-driven precision medicine, incorporation of remote and robotic-assisted interventions, and the advent of hybrid procedures.
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What Are the Drivers Transforming the Transcatheter Valve Repair System Market?
The growing occurrence of cardiac diseases is projected to fuel the expansion of the transcatheter valve repair system market. Cardiac disease is a condition that impairs the heart or blood vessels. Transcatheter instruments are used in the remediation of valvular heart conditions, specifically aortic valve diseases, by replacing a defective aortic valve with a synthetic one. For example, statistics provided by the New York government in December 2022 reveal that heart disease is responsible for nearly 697,000 deaths in the United States each year, accounting for 1 in 5 deaths. Additionally, an estimated 805,000 Americans suffer a heart attack annually, with 605,000 of those being first-time occurrences and the remaining 200,000 resulting from prior heart attacks. Hence, the escalating rate of heart disease is propelling the transcatheter valve repair system market's growth.
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What Long-Term Trends Will Define the Future of the Transcatheter Valve Repair System Market?
The emerging trend of product innovation is significantly gaining traction in the transcatheter valve repair system market. Leading market players are continuously working towards the development of novel products to reinforce their market standing. For example, Abbott Laboratories Inc., a healthcare firm based in the US that engages in the discovery, development, production, and sale of a broad variety of healthcare products, unveiled their latest generation transcatheter aortic valve implantation (TAVI) system, Navitor, in December 2022. This technology, designed for minimally invasive procedures, is now available for patients in India who suffer from severe aortic stenosis and are considered high or extreme risk for surgery. The company is driving forward TAVI (also referred to as TAVR or transcatheter aortic valve replacement) therapies with the Navitor valve, incorporating advancements such as a unique design to prevent blood leakage around the valve.
Which Segments in the Transcatheter Valve Repair System Market Offer the Most Profit Potential?
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 Firms Dominate the Transcatheter Valve Repair System Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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