Press release
Soaring Demand Set to Propel Pediatric Heart Valve Repair And Replacement Market to $3.86 Billion by 2029
Pediatric Heart Valve Repair And Replacement
What Is the Expected CAGR for the Pediatric Heart Valve Repair And Replacement Market Through 2025?
The market size for pediatric heart valve repair and replacement has seen a consistent increase in the recent past. The market is predicted to expand from a valuation of $3.36 billion in 2024 to $3.49 billion in 2025, with a compound annual growth rate (CAGR) of 3.8%. Growth during the historical period is linked to a higher incidence of congenital heart problems, increased consciousness and early detection, beneficial regulatory conditions, burgeoning healthcare investments, and the advocacy efforts of patients and parents.
What's the Projected Size of the Global Pediatric Heart Valve Repair And Replacement Market by 2029?
The market for pediatric heart valve repair and replacement is projected to experience consistent growth in the coming years, reaching $3.86 billion in 2029 with a 2.5% compound annual growth rate (CAGR). This predicted growth during the forecast period can be linked to an increasing occurrence of pediatric cardiovascular disorders, enhanced access to pediatric heart care, heightened focus on early interventions, an increase in pediatric cardiovascular research, and the development of worldwide healthcare infrastructure. Emerging trends for the forecast period incorporate the escalating adoption of tissue-engineered heart valves, the innovation of pediatric-specific devices, the growth of hybrid techniques, the rising utilization of 3D printing technology, and the progression of pediatric valve-in-valve procedures.
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Top Growth Drivers in the Pediatric Heart Valve Repair And Replacement Industry: What's Accelerating the Market?
The anticipated increase in cases of congenital heart defects is predicted to fuel the expansion of the pediatric heart valve repair and replacement market in the future. Congenital heart defect (CHD), a birth defect pertaining to the heart's structure, is treated with pediatric heart valve repair and replacement to optimize the heart's performance, boost the child's general health, prevent further complications, and enhance the quality of life for the disturbed children. For example, the Centers for Disease Control and Prevention, a national public health agency in the United States, reported in October 2024 that heart defects impact nearly 1% or roundabout 40,000 births annually in the nation. Approximately 1 in 4 infants with a heart defect are faced with a severe heart defect, with a new case arising every 15 minutes in America in the year 2023. Consequently, the escalating prevalence of congenital heart defects acts as a catalyst for the growth of the concrete restoration market.
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What Trends Will Shape the Pediatric Heart Valve Repair And Replacement Market Through 2029 and Beyond?
Major firms in the pediatric heart valve repair and replacement market are forming strategic alliances to offer bespoke solutions for specific pediatric cardiac care requirements. Strategic alliances involve corporations exploiting each other's strengths and assets to attain combined success and advantage. For example, PolyVascular Inc., a US medical technology producer, established a partnership in August 2023 with CobiCure., a non-profit US organization focused on children, to further pediatric heart valve repairs. The goal of this union is to develop a custom non-invasive method for addressing congenital heart flaws in kids, removing the need for various open-heart operations as children outgrow standard valves, while minimizing related complications.
What Are the Main Segments in the Pediatric Heart Valve Repair And Replacement Market?
The pediatric heart valve repair and replacement market covered in this report is segmented -
1) By Product: Heart Valve Repair, Mechanical Heart Valves, Bioprosthetic Heart Valves, Transcatheter Aortic Valve Implantation (TAVI)
2) By Indication: Congenital Heart Defects, Heart Muscle Disease, Atresia, Arrhythmias, Other Cardiac Disorders
3) By End-User: Hospitals, Independent Cardiac Catheterization Labs, Ambulatory Surgical Centers
Subsegments:
1) By Heart Valve Repair: Surgical Repair Techniques, Catheter-Based Repair Techniques
2) By Mechanical Heart Valves: Tilting Disc Valves, Bileaflet Valves, Other Mechanical Valves
3) By Bioprosthetic Heart Valves: Porcine Valves, Bovine Valves, Other Bioprosthetic Valves
4) By Transcatheter Aortic Valve Implantation (TAVI): Balloon-Expandable Valves, Self-Expanding Valves, Other TAVI Devices
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Which Top Companies are Driving Growth in the Pediatric Heart Valve Repair And Replacement Market?
Major companies operating in the pediatric heart valve repair and replacement market report are Abbott Laboratories, Medtronic plc, Labcor Laboratórios Ltda, Boston Scientific Corporation, Bracco Group, Lepu Medical Technology (Beijing) Co. Ltd., Edwards Lifesciences Corporation, Artivion Inc., CryoLife Inc., LivaNova PLC, TTK Healthcare Limited, Braile Biomedica Ltda., Arbor Surgical Technologies Inc., Micro Interventional Devices Inc., Xeltis AG, Auto Tissue Berlin GmbH, BioStable Science and Engineering Inc., Colibri Heart Valve LLC, Valcare Medical, Symetis SA, Neovasc Inc., Aortech international Plc., On-X Life Technologies Holdings Inc., JenaValve Technology Inc., Meril Life Sciences Pvt. Ltd.
Which Regions Will Dominate the Pediatric Heart Valve Repair And Replacement Market Through 2029?
North America was the largest region in the pediatric heart valve repair and replacement market in 2024. The regions covered in the pediatric heart valve repair and replacement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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