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Comprehensive Transcatheter Valve Repair System Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Transcatheter Valve Repair System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for the transcatheter valve repair system has seen robust growth in the recent past. It is projected to expand from $5.08 billion in 2024 to $5.45 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2%. Factors such as increasing cardiovascular disease incidence, limitations in surgical procedures, initial success of transcatheter valves, significant investments in research and development, and the adoption and training of doctors have contributed to the growth experienced in the historical period.
Transcatheter Valve Repair System Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for substantial expansion in the transcatheter valve repair system market within the coming years. The market projections show a rise to $7.69 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.0%. The projected growth within this forecast period can be associated with factors such as extended uses, an increase in the elderly population, initiatives rooted in value-based healthcare, patient-driven care frameworks, and the advent of next-generation devices. As this forecast period progresses, key trends to watch include a concentration on long-term durability, the integration of healthcare systems, reliance on precise, data-driven medicine, the incorporation of remote and robotic-assisted interventions, and a shift towards hybrid procedures.
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What Are the Drivers Transforming the Transcatheter Valve Repair System Market?
The escalating rates of heart diseases are projected to spur the expansion of the transcatheter valve repair system market in the future. Heart disease is a term that covers conditions affecting the heart or blood vessels. Transcatheter devices act as a substitute for a defective aortic valve with a synthetic one when treating valvular heart disease, specifically aortic valve conditions. For example, data released by the New York government in December 2022 showed that in the US, heart disease contributes to roughly 697,000 deaths annually, equating to 1 in every 5 deaths. Additionally, approximately 805,000 Americans suffer a heart attack each year, with first-time attacks accounting for 605,000 of these and the rest triggered by previous heart attacks. Thus, the surge in heart disease prevalence is fuelling the transcatheter valve repair system market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Transcatheter Valve Repair System Market?
Trending within the transcatheter valve repair system market is the focus on product innovation. Major players in the market are emphasizing on the creation of novel products as a strategy to strengthen their presence in the market. A case in point, in December 2022, Abbott Laboratories Inc., a firm based in the US that is involved in the discovery, development, production and sales of a wide array of healthcare products, introduced its latest generation of Transcatheter Aortic Valve Implantation (TAVI) system, Navitor, to the Indian market. This innovation aims to provide a solution to those suffering from severe aortic stenosis and are considered high or extreme risk patients for surgery, with the application of minimally invasive technology. The company has further improved upon TAVI treatments (also termed as TAVR or Transcatheter Aortic Valve Replacement) using the Navitor valve, through developments such as a 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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