The Transcatheter Valve Repair System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Transcatheter Valve Repair System Global Market Report 2024, The transcatheter valve repair system market size has grown strongly in recent years. It will grow from $4.79 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to growing cardiovascular disease rates, surgical limitations, initial transcatheter valve success, research and development investments, physician adoption and training.
The transcatheter valve repair system market size is expected to see strong growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to expanded indications, aging population, value-based healthcare initiatives, patient-centric care models, next-generation device development. Major trends in the forecast period include long-term durability focus, healthcare system integration, data-driven precision medicine, remote and robotic-assisted interventions, hybrid procedures.
The rise in the incidence of heart diseases is expected to propel the growth of the transcatheter valve repair system market going forward. Heart disease refers to a condition that affects the blood vessels or the heart. Transcatheter devices are used to replace a defective aortic valve with an artificial valve in the treatment of valvular heart disease, specifically aortic valve disease. For instance, in December 2022, according to data published by New York government, in the United States, heart disease claims the lives of about 697,000 people annually, or 1 in every 5 fatalities where around 805,000 Americans experience a heart attack each year among which 605,000 of these result in a first-time heart attack, while 200,000 are caused by previous heart attacks. Therefore, the rise in the incidence of heart disease is driving the growth of the transcatheter valve repair system market.
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The transcatheter valve repair system market covered in this report is segmented –
1) Transcatheter Valve Repair System Market By Product Type: Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral Valve Replacement (TMVR), Transcatheter Pulmonary Valve Replacement (TPVR), Transcatheter Tricuspid Valve Replacement (TTVR)
2) Transcatheter Valve Repair System Market By Application: Aortic Stenosis, Mitral Stenosis, Tricuspid Stenosis, Pulmonary Stenosis
3) Transcatheter Valve Repair System Market By End-user: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-Users
Top Major Players
Abbott Laboratories
Medtronic Plc.
Boston Scientific Corporation
Edwards Lifesciences Corporation
Bracco Group
Product innovation has emerged as a key trend gaining popularity in the transcatheter valve repair system market. Prominent market participants actively direct their endeavors toward developing innovative products to fortify their market position. For instance, in December 2022, Abbott Laboratories Inc, a US-based healthcare company that discovers, develops, manufactures, and sells a diversified range of healthcare products, launched the newest generation transcatheter aortic valve implantation (TAVI) system, Navitor, making the minimally invasive technology accessible to those in India who have severe aortic stenosis and are at high or extreme risk for surgery. By using advances, including a design to stop blood from leaking around the valve, the business is advancing TAVI (also known as TAVR or transcatheter aortic valve replacement) therapies using the Navitor valve.
The transcatheter valve repair system market report table of contents includes:
1. Executive Summary
2. Transcatheter Valve Repair System Market Characteristics
3. Transcatheter Valve Repair System Market Trends And Strategies
4. Transcatheter Valve Repair System Market – Macro Economic Scenario
5. Global Transcatheter Valve Repair System Market Size and Growth
…….
32. Global Transcatheter Valve Repair System Market Competitive Benchmarking
33. Global Transcatheter Valve Repair System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Transcatheter Valve Repair System Market
35. Transcatheter Valve Repair System Market Future Outlook and Potential Analysis
36. Appendix
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