Market Overview:
The global transcatheter mitral valve repair and replacement (TMVR) market is expected to register a CAGR of 16.8% during the forecast period, 2018-2030. The TMVR market is segmented on the basis of type (repair, replacement), by application (hospitals, ambulatory surgical centers, diagnostic centers) and region (North America, Latin America, Europe Asia Pacific and Middle East & Africa). The global TMVR market is witnessing significant growth due to increasing prevalence of mitral stenosis and technological advancements in the field of TMVR. The increasing geriatric population across the globe is also contributing to the growth of this market. According to World Health Organization (WHO), in 2015 there were 901 million people aged 60 years or above which constituted 12% of the world’s population and this number is estimated to reach 1.4 billion by 2030 constituting nearly 20%of world’s population. This increase in geriatric population will result in an increase in demand for medical devices such as transcatheter heart valves for treatment of various cardiac diseases including mitral stenosis. Additionally, technological advancements are resulting into development new products with better efficacy which are expected to fuel the growth of this market over next few years.
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Product Definition:
Transcatheter Mitral Valve Repair & Replacement (TMVR) is a minimally invasive surgical procedure used to repair or replace a mitral valve. The importance of Transcatheter Mitral Valve Repair & Replacement (TMVR) is that it can be used to treat heart conditions that may not be treated with traditional surgery.
Repair:
The global repair, it's usage and growth factor in TMVR market is expected to grow at a significant rate over the forecast period. Repair, It’s is used for treating mitral valve disease which may result from various factors such as infection & inflammation of heart muscle (myocardial infarction), genetic mutation or damage to the valve (valvular diseases). The repair its procedure helps in restoring the structure and function of damaged heart valves.
Replacement:
The global replacement and TMVR market was valued at USD 5.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The key drivers attributing to its large share include increasing prevalence of mitral regurgitation, growing geriatric population base, technological advancements in valve replacement surgeries (RS), rising healthcare expenditure levels across the globe, and favorable reimbursement policies by governments & private organizations in various countries such as U.S.
Application Insights:
Based on application, the global transcatheter mitral valve repair & replacement (TMVR) market is segmented into hospitals, ambulatory surgical centers, and diagnostic centers. Hospitals held the largest share in 2017 owing to factors such as a high volume of patients undergoing TMVR procedures and availability of advanced healthcare facilities. In addition, an increase in the adoption of these devices due to advancements in technology has also contributed to this segment¢â‚¬â„¢s growth.
The ambulatory surgical center (ASC) segment is expected to grow at a rapid pace over the forecast period due to increasing awareness about heart diseases coupled with rising disposable income levels across developing countries such as India and China. Furthermore, an increase in ASCs performing TMVR procedures would further boost this market during future years.
Regional Analysis:
North America dominated the global market in 2017 owing to a well-established healthcare sector, high adoption of advanced technologies, and availability of skilled transcatheter mitral valve replacement surgeons. Moreover, increasing geriatric population prone to heart diseases is also expected to drive the regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to improving healthcare infrastructure and rising patient awareness regarding available treatment options. In addition, government initiatives for creating awareness about various cardiac disorders are also expected favorably impact regional demand during the same period.
Growth Factors:
- Increasing prevalence of mitral stenosis: The increasing prevalence of mitral stenosis is a major growth driver for the TMVR market. Mitral stenosis is a heart condition in which the mitral valve becomes narrowed, making it difficult for blood to flow from the left atrium to the left ventricle. This condition can lead to shortness of breath, chest pain, and other symptoms. According to a study by The Lancet, the global incidence of mitral stenosis is estimated to be around 2 million cases per year.2
- Rising geriatric population: The aging population is another key growth driver for the TMVR market. As people age, their risk of developing heart conditions such as mitral stenosis increases significantly. In fact, according to estimates by WHO, around 17% of all deaths worldwide are due to cardiovascular diseases (CVDs), and this number is expected to increase in coming years due largelyto rising rates of obesity and diabetes mellitus among older populations worldwide3 . Thus, as more and more people reach old age, demand for TMVR procedures will continue rise sharply..
Scope Of The Report
Report Attributes
Report Details
Report Title
Transcatheter Mitral Valve Repair & Replacement (TMVR) Market Research Report
By Type
Repair, Replacement
By Application
Hospitals, Ambulatory Surgical Centers, Diagnostic Centers
By Companies
Medtronic, Abbott Laboratories, Edwards, LivaNova
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Transcatheter Mitral Valve Repair & Replacement (TMVR) Market Report Segments:
The global Transcatheter Mitral Valve Repair & Replacement (TMVR) market is segmented on the basis of:
Types
Repair, 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, Ambulatory Surgical Centers, Diagnostic Centers
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:
- Medtronic
- Abbott Laboratories
- Edwards
- LivaNova
 Market Overview.svg)
Highlights of The Transcatheter Mitral Valve Repair & Replacement (TMVR) 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:
- Repair
- Replacement
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- 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 & Replacement (TMVR) 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
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- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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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?
TMVR is a surgical procedure that replaces a defective or malfunctioning mitral valve with an artificial valve.
Some of the major companies in the transcatheter mitral valve repair & replacement (tmvr) market are Medtronic, Abbott Laboratories, Edwards, LivaNova.
The transcatheter mitral valve repair & replacement (tmvr) market is expected to grow at a compound annual growth rate of 16.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transcatheter Mitral Valve Repair & Replacement (TMVR) 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 & Replacement (TMVR) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transcatheter Mitral Valve Repair & Replacement (TMVR) 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 & Replacement (TMVR) 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 & Replacement (TMVR) Market Size & Forecast, 2020-2028
4.5.1 Transcatheter Mitral Valve Repair & Replacement (TMVR) Market Size and Y-o-Y Growth
4.5.2 Transcatheter Mitral Valve Repair & Replacement (TMVR) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Repair
5.2.2 Replacement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Diagnostic Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transcatheter Mitral Valve Repair & Replacement (TMVR) 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 & Replacement (TMVR) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Repair
9.6.2 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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Diagnostic Centers
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Repair
10.6.2 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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Diagnostic Centers
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Repair
11.6.2 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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Diagnostic Centers
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Repair
12.6.2 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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Diagnostic Centers
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Repair
13.6.2 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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Diagnostic Centers
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 & Replacement (TMVR) Market: Competitive Dashboard
14.2 Global Transcatheter Mitral Valve Repair & Replacement (TMVR) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott Laboratories
14.3.3 Edwards
14.3.4 LivaNova
