Market Overview:
The global transcatheter mitral valve repair and replacement market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of mitral stenosis, technological advancements in the field of transcatheter mitral valve repair and replacement, and rising demand for minimally invasive procedures. On the basis of application, the market is segmented into hospitals, clinics,and others.
Product Definition:
A transcatheter mitral valve repair and replacement is a medical procedure used to fix or replace a damaged mitral valve without having to open up the chest cavity. This procedure can be used to fix leaking valves, blockages in the valve, or deformities in the valve. The importance of this procedure is that it can be done without having to open up the chest cavity, which reduces the risks associated with surgery.
Transcatheter Mitral Valve Repair:
The global transcatheter mitral valve repair, it's usage and growth factor in transcatheter mitral valve repair and replacement market size was valued at USD 2.0 billion in 2015. The growing geriatric population base, which is highly prone to cardiovascular disorders such as heart failure or stroke is expected to serve this industry as a high impact rendering driver over the forecast period.
Transcatheter Mitral Valve Replacement:
Transcatheter mitral valve repair and replacement is a minimally invasive procedure used to treat degenerative heart disease. It involves replacing or repairing the damaged blood vessels that supply the heart with blood. The most common cause of such damage is high blood pressure, which can lead to coronary artery disease, a serious form of heart disorder. According to statistics by WHO in 2012, around 17 million people died from cardiovascular disorders; out of which 31% were caused due to coronary artery disease alone.
Application Insights:
Based on application, the global transcatheter mitral valve repair and replacement market is segmented into hospitals, clinics and other medical facilities. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of cardiovascular diseases requiring treatment with a transcatheter procedure along with an increasing number of surgeries performed using this technology.
The others segment is expected to witness significant growth over the forecast period due to an increase in demand for minimally invasive procedures among patients without symptoms or signs of heart failure or disease. These patients would have been diagnosed with moderate-to-severe valvular heart disease but were candidates for surgery if they had been treated by open surgery. The use of transcatheter valves substitutes this need thus contributing towards higher adoption rates among other applications such as clinics and medical facilities that are not equipped or willing to perform open surgeries on their patients¢â‚¬â„¢ chests.
Global transcatheter mitral valve repair.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to various factors such as favorable government initiatives, increasing prevalence of heart diseases, and availability of advanced technologies for transcatheter mitral valve replacement. Moreover, growing geriatric population is also expected to contribute towards the growth during the forecast period.
Asia Pacific is anticipated to witness fastest growth over the forecast period owing to rising healthcare expenditure by governments and private sectors in countries like Japan and China. Furthermore, increasing awareness about transcatheter mitral valve replacement surgery among patients & physicians will drive this regional market further.
The European market consists of major countries such as Germany, France Italy Spain U K ROW etc.
Growth Factors:
- Increasing prevalence of mitral stenosis: The increasing prevalence of mitral stenosis is a major growth driver for the transcatheter mitral valve repair and replacement market. According to the American Heart Association, around 2% to 3% of the population in developed countries suffers from this condition. This number is expected to increase in the coming years due to the aging population.
- Growing demand for minimally invasive procedures: There is a growing demand for minimally invasive procedures across all medical specialties due to their shorter recovery times and lower risks as compared to traditional surgery. This is particularly true for cardiac surgeries, which are among some of the most complex procedures performed today. The transcatheter mitral valve repair and replacement market benefits from this trend as it offers a less invasive alternative to open heart surgery for repairing or replacing a defective mitral valve.
- Advances in technology: The rapid advances in technology are another key growth driver for the transcatheter mitral valve repair and replacement market, as they allow manufacturers to introduce new products and improve existing ones at a rapid pace. For example, recent advances have allowed manufacturers to develop devices that can be used through smaller incisions, making them less invasive than traditional surgical methods while still providing similar results. This has helped fuel increased adoption of these devices by physicians worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Transcatheter Mitral Valve Repair and Replacement Market Research Report
By Type
Transcatheter Mitral Valve Repair, Transcatheter Mitral Valve Replacement
By Application
Hospitals, Clinics, Others
By Companies
Edwards Lifesciences, Medtronic Plc, Abbott Laboratories, Neovasc Inc, Cardiac Dimensions Inc
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Transcatheter Mitral Valve Repair and Replacement Market Report Segments:
The global Transcatheter Mitral Valve Repair and Replacement market is segmented on the basis of:
Types
Transcatheter Mitral Valve Repair, Transcatheter Mitral Valve Replacement
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, Others
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
- Medtronic Plc
- Abbott Laboratories
- Neovasc Inc
- Cardiac Dimensions Inc
Highlights of The Transcatheter Mitral Valve Repair and Replacement 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:
- Transcatheter Mitral Valve Repair
- Transcatheter Mitral Valve Replacement
- By Application:
- Hospitals
- Clinics
- Others
- 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 Transcatheter Mitral Valve Repair and Replacement 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.
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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?
A transcatheter mitral valve repair is a procedure in which a doctor uses a catheter to open up the heart and replace the damaged mitral valve with an artificial one. A replacement mitral valve is inserted through an opening in the chest, and then sealed using special glue. This surgery can be done on either side of the heart.
Some of the major companies in the transcatheter mitral valve repair and replacement market are Edwards Lifesciences, Medtronic Plc, Abbott Laboratories, Neovasc Inc, Cardiac Dimensions Inc.
The transcatheter mitral valve repair and replacement market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size & Forecast, 2018-2028
4.5.1 Transcatheter Mitral Valve Repair and Replacement Market Size and Y-o-Y Growth
4.5.2 Transcatheter Mitral Valve Repair and Replacement Market Absolute $ Opportunity
Chapter 5 Global Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Type
5.2.1 Transcatheter Mitral Valve Repair
5.2.2 Transcatheter Mitral Valve Replacement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Analysis and Forecast
9.1 Introduction
9.2 North America Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Type
9.6.1 Transcatheter Mitral Valve Repair
9.6.2 Transcatheter Mitral Valve Replacement
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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Transcatheter Mitral Valve Repair and Replacement Analysis and Forecast
10.1 Introduction
10.2 Europe Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Type
10.6.1 Transcatheter Mitral Valve Repair
10.6.2 Transcatheter Mitral Valve Replacement
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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Transcatheter Mitral Valve Repair and Replacement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Type
11.6.1 Transcatheter Mitral Valve Repair
11.6.2 Transcatheter Mitral Valve Replacement
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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Transcatheter Mitral Valve Repair and Replacement Analysis and Forecast
12.1 Introduction
12.2 Latin America Transcatheter Mitral Valve Repair and Replacement 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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Type
12.6.1 Transcatheter Mitral Valve Repair
12.6.2 Transcatheter Mitral Valve Replacement
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 Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Transcatheter Mitral Valve Repair and Replacement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transcatheter Mitral Valve Repair and Replacement 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) Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Type
13.6.1 Transcatheter Mitral Valve Repair
13.6.2 Transcatheter Mitral Valve Replacement
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) Transcatheter Mitral Valve Repair and Replacement Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Transcatheter Mitral Valve Repair and Replacement Market: Competitive Dashboard
14.2 Global Transcatheter Mitral Valve Repair and Replacement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Edwards Lifesciences
14.3.2 Medtronic Plc
14.3.3 Abbott Laboratories
14.3.4 Neovasc Inc
14.3.5 Cardiac Dimensions Inc
