Coherent Market Insights published a business research report on “Transcatheter Mitral Valve Repair and Replacement Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2027”. Transcatheter Mitral Valve Repair and Replacement with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Transcatheter Mitral Valve Repair and Replacement Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Transcatheter Mitral Valve Repair and Replacement Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
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Overview
Due to various advancements in valve treatment, transcatheter mitral valve repair and replacement procedures are getting a lot of attention. Transcatheter Mitral Valve Replacement (TMVR) is a procedure that treats mitral valve stenosis, mitral valve prolapse, and mitral valve regurgitation as an alternative to open-heart surgery.
Drivers
The rising mortality rate owing to chronic and cardiovascular illnesses, particularly among the elderly, is a significant driver driving the global transcatheter mitral valve repair and replacement devices market’s expansion. According to the American Heart Association, about 19.1 million people died globally in 2017 as a result of different cardiovascular illnesses. Moreover, according to UN predictions from 2017, the elderly population in the United States will exceed 72 million by 2022. The global transcatheter mitral valve repair and replacement devices market is projected to expand due to the rising prevalence of cardiovascular illnesses and the growth of this target demographic.
Owing to the ongoing technical advances such as the development of multiple-use valves, the global transcatheter mitral valve repair and replacement devices market is projected to expand. Edwards Lifesciences gained FDA clearance for their SAPIEN 3 transcatheter prosthetic heart valve in June 2017, which is authorized for use in both mitral and aortic valves.
The number of transcatheter mitral valve repair pipeline devices used to treat mitral valve problems is projected to rise, propelling the global transcatheter mitral valve repair and replacement devices market forward. Medtronic Cardiovascular is conducting a randomized medical study for the Medtronic Intrepid Transcatheter Mitral Valve Replacement System to treat mitral valve regurgitation, which is expected to be completed in October 2025.
Venus Medtech Inc., a Chinese heart valve manufacturer, purchased Israel-based medical device company Keystone Heart Ltd in September 2018 for Keystone’s TriGUARD 3 device, which prevents cerebral embolism following transcatheter mitral valve repair and replacement. Venus Medtech will be able to extend their offering in other regions, particularly in the United States, as a result of this purchase.
Restraints
Government limitations, as well as the high expense of mitral valve operations, are key issues limiting market expansion. According to a study released in the NCBI (National Chemical Biology Institute), the average cost of transcatheter mitral valve repair surgery in September 2015 was US$ 42,806. The cost of the TMVR process in India, according to the Times of India in March 2012, was US$ 29,350, which included the anticipated cost of around US$ 21,500.
Regional Insights
Due to the rising percentage of cardiac illnesses, North America is expected to dominate the global transcatheter mitral valve repair and replacement market. Heart disease remains the major cause of mortality in the U.S., contributing for about 375,000 fatalities per year. Mitral regurgitation is the most common valve condition in the U.S., affecting approximately 1 in 10 individuals aged 75 and over, as per ClinicoEconomics and Outcomes Research 2016.
Due to market participants’ development of production facilities, the Asia Pacific region is projected to expand significantly. Medtronic, Inc. built a new production plant in Singapore in March 2011 to fulfil the region’s growing demand for cardiac devices.
Competitive Landscape
Major companies contributing in the global transcatheter mitral valve repair and replacement devices market are Edward Lifesciences Corporation, LivaNova Plc, Biotronik Private Limited, Medtronic Plc, Abbott Laboratories, NeoChord, Neovasc Inc., Colibri Heart Valve, and HLT Medical.
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Main points in Transcatheter Mitral Valve Repair and Replacement Market Report Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Transcatheter Mitral Valve Repair and Replacement Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Transcatheter Mitral Valve Repair and Replacement Industry Impact
Chapter 2 Transcatheter Mitral Valve Repair and Replacement Competition by Types, Applications, and Top Regions and Countries
2.1 Transcatheter Mitral Valve Repair and Replacement (Volume and Value) by Type
2.3 Transcatheter Mitral Valve Repair and Replacement (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Transcatheter Mitral Valve Repair and Replacement Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 6 East Asia Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 7 Europe Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 8 South Asia Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 9 Southeast Asia Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 10 Middle East Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 11 Africa Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 12 Oceania Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 13 South America Transcatheter Mitral Valve Repair and Replacement Market Analysis
Chapter 14 Company Profiles and Key Figures in Transcatheter Mitral Valve Repair and Replacement Business
Chapter 15 Transcatheter Mitral Valve Repair and Replacement Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
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