Market Overview:
The global annuloplasty repair devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of valvular heart diseases, technological advancements in annuloplasty repair devices, and rising demand for minimally invasive procedures. The global annuloplasty repair devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mitral valve repair and tricuspid valve repair.
Product Definition:
Annuloplasty Repair Devices are medical devices that are used to repair heart valves. These devices help to keep the heart valve functioning properly and improve the patient's quality of life.
Mitral Valve Repair:
The mitral valve is a small circular structure located in the center of the heart. It is one of the important organs in our body and helps us to survive. The main function of this valve is to prevent blood from pooling too much between heart chambers. If this happens, it can cause dizziness or fainting and also affect our ability to exercise normally. Mitral valves are classified into two types: leaflet type and scissor type (mitral stenosis).
Tricuspid Valve Repair:
Tricuspid valve repair (TVR) is a minimally invasive surgical procedure used to restore the normal functioning of the tricuspid valve. The TVR technique is gaining popularity due to its advantages such as faster recovery, low blood loss, and shorter hospital stay. It also helps in reducing post-operative complications & readmission rate thus improving patient outcomes.
The Annuloplasty Repair Devices market by Type includes Balloons, Stents.
Application Insights:
Based on application, the global annuloplasty repair devices market is segmented into hospitals and clinics. Hospitals held the largest share in 2017 owing to factors such as a large patient base and availability of advanced healthcare facilities. In addition, hospitals are considered centers of excellence in several countries due to their expertise in valve repair procedures.
The clinics application segment is expected to grow at a lucrative rate during the forecast period owing to increasing awareness about minimally invasive surgeries among individuals who have not been successful in obtaining approval for surgery from their doctors or surgeons at hospitals or other medical institutions. As a result, these individuals opt for surgical treatment at alternative locations which includes clinics as well as online medical stores that offer various types of annuloplasty repair devices worldwide including Mitral Valve Repair (MVP), Tricuspid Valve Repair (TTVR), Transcatheter Aortic Valve Replacement (TAVR) and others.
Regional Analysis:
North America dominated the global annuloplasty repair devices market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising patient awareness levels coupled with high healthcare expenditure levels in this region. The Asia Pacific is expected to witness lucrative growth during the forecast period owing to increasing geriatric population, improving economic conditions and growing medical tourism especially for cosmetic surgeries.
The key players operating in this industry are Stryker Corporation; Medtronic; Boston Scientific Corporation; Abbott Laboratories Inc.; and Intuitive Surgical Holdings, Inc., among others. These companies are focusing on geographical expansion strategies by investing huge amounts in research & development activities and acquisitions that will help them penetrate into untapped markets across the world thus enabling them to increase their revenue share over the forecast period.
Growth Factors:
- Increasing incidence of heart diseases: The increasing incidence of heart diseases is the major growth driver for the annuloplasty repair devices market. According to a study by World Health Organization (WHO), an estimated 17.5 million people died from cardiovascular diseases in 2015, accounting for 31% of all global deaths. This number is expected to increase to 23 million by 2030. This will create a high demand for annuloplasty repair devices and boost the market growth during the forecast period.
- Technological advancements: The technological advancements in annuloplasty repair devices are another key factor driving the market growth. With continuous innovations, manufacturers are introducing new products with advanced features that offer better patient outcomes and shorter recovery times post-surgery. For instance, in 2016, Edwards Lifesciences Corporation introduced its SAPIEN 3 transcatheter valve replacement system which is designed to provide an improved patient experience with simplified implantation procedures and reduced hospital stays compared to earlier versions of this device . Such technological advancements are expected to fuel the demand for annuloplasty repair devices in coming years
- accounting for 13% of world’s population ,and this number is projected to
Scope Of The Report
Report Attributes
Report Details
Report Title
Annuloplasty Repair Devices Market Research Report
By Type
Mitral Valve Repair, Tricuspid Valve Repair
By Application
Hospitals, Clinics
By Companies
Edwards Lifesciences, Abbott, Medtronic, Maquet, Abiomed, HeartWare Inc., Sorin Group, Terumo, Abbott Laboratories, Teleflex Medical, Edwards Lifesciences
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Annuloplasty Repair Devices Market Report Segments:
The global Annuloplasty Repair Devices market is segmented on the basis of:
Types
Mitral Valve Repair, Tricuspid Valve Repair
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Edwards Lifesciences
- Abbott
- Medtronic
- Maquet
- Abiomed
- HeartWare Inc.
- Sorin Group
- Terumo
- Abbott Laboratories
- Teleflex Medical
- Edwards Lifesciences
Highlights of The Annuloplasty Repair Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mitral Valve Repair
- Tricuspid Valve Repair
- By Application:
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Annuloplasty Repair Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Annuloplasty Repair Devices are a type of surgical implant that is used to repair annular tears in the vagina. These devices help restore the vaginal tissue and support structures around the vagina.
Some of the key players operating in the annuloplasty repair devices market are Edwards Lifesciences, Abbott, Medtronic, Maquet, Abiomed, HeartWare Inc., Sorin Group, Terumo, Abbott Laboratories, Teleflex Medical, Edwards Lifesciences.
The annuloplasty repair devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Annuloplasty Repair Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Annuloplasty Repair Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Annuloplasty Repair Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Annuloplasty Repair Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Annuloplasty Repair Devices Market Size & Forecast, 2018-2028
4.5.1 Annuloplasty Repair Devices Market Size and Y-o-Y Growth
4.5.2 Annuloplasty Repair Devices Market Absolute $ Opportunity
Chapter 5 Global Annuloplasty Repair Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Annuloplasty Repair Devices Market Size Forecast by Type
5.2.1 Mitral Valve Repair
5.2.2 Tricuspid Valve Repair
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Annuloplasty Repair Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Annuloplasty Repair Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Annuloplasty Repair Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Annuloplasty Repair Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Annuloplasty Repair Devices Analysis and Forecast
9.1 Introduction
9.2 North America Annuloplasty Repair Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Annuloplasty Repair Devices Market Size Forecast by Type
9.6.1 Mitral Valve Repair
9.6.2 Tricuspid Valve Repair
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Annuloplasty Repair Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Annuloplasty Repair Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Annuloplasty Repair Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Annuloplasty Repair Devices Market Size Forecast by Type
10.6.1 Mitral Valve Repair
10.6.2 Tricuspid Valve Repair
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Annuloplasty Repair Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Annuloplasty Repair Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Annuloplasty Repair Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Annuloplasty Repair Devices Market Size Forecast by Type
11.6.1 Mitral Valve Repair
11.6.2 Tricuspid Valve Repair
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Annuloplasty Repair Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Annuloplasty Repair Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Annuloplasty Repair Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Annuloplasty Repair Devices Market Size Forecast by Type
12.6.1 Mitral Valve Repair
12.6.2 Tricuspid Valve Repair
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Annuloplasty Repair Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Annuloplasty Repair Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Annuloplasty Repair Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Annuloplasty Repair Devices Market Size Forecast by Type
13.6.1 Mitral Valve Repair
13.6.2 Tricuspid Valve Repair
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Annuloplasty Repair Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Annuloplasty Repair Devices Market: Competitive Dashboard
14.2 Global Annuloplasty Repair Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edwards Lifesciences
14.3.2 Abbott
14.3.3 Medtronic
14.3.4 Maquet
14.3.5 Abiomed
14.3.6 HeartWare Inc.
14.3.7 Sorin Group
14.3.8 Terumo
14.3.9 Abbott Laboratories
14.3.10 Teleflex Medical
14.3.11 Edwards Lifesciences
