Cardiac Valve Repair Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Cardiac Valve Repair Devices Market Report Overview
The cardiac valve repair devices market size was $226.7 million in 2023. The market is expected to grow at a CAGR of more than 4% during 2023-2033. Cardiac valve repair devices are used in open-heart surgery to repair malfunctioning valves.
Cardiac Valve Repair Devices Market Outlook, 2023-2033 ($ Million)
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The Cardiac Valve Repair Devices market research report has been created to understand market behavior, which will help identify quantitative market trends in the cardiovascular devices therapeutic area. It discusses in detail the impact of COVID-19 on the cardiac valve repair devices market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.
Market Size (2023) | $226.7 million |
CAGR (2023-2033) | >4% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Segments | · Mitral Valve Annuloplasty Devices |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Edwards Lifesciences Corp
· Medtronic Plc · Abbott Laboratories · Corcym Srl |
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Cardiac Valve Repair Devices Market Dynamics
The prevalence of mitral regurgitation increases with the aging population which is on the rise across all the countries. Furthermore, developing nations have higher mitral regurgitation prevalence and a slower decline in rheumatic fever cases, which can be attributed to the increasing demand for cardiac valve repair devices. The usage of cardiac valve repair devices will increase during the forecast years because of a rise in the aging population and the associated degenerative mitral valve conditions.
Cardiac Valve Repair Devices Market Segments
The key segment in the cardiac valve repair devices market is mitral valve annuloplasty devices. Mitral valve annuloplasty devices consist of rings and bands used in repairing mitral valves. Some of the mitral valve annuloplasty devices covered in this model can be used to repair both the mitral and tricuspid valves.
Annuloplasty is a technique used to repair an enlarged annulus. A ring or a band is placed at the base of the heart valve. This annuloplasty device makes the opening of the valve smaller and provides support to the valve so it can close more tightly.
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Cardiac Valve Repair Devices Market Segmentation by Regions
The key regions in the cardiac valve repair devices market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2023, Asia Pacific had the highest share of the cardiac valve repair devices market. The region is one of the fastest growing markets due to the aging population and growing demand to address their unmet needs. The increased awareness regarding the advantages of repair procedures over replacement is also driving the cardiac valve repair devices market in the region.
Cardiac Valve Repair Devices Market Analysis by Regions, 2023 (%)
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Cardiac Valve Repair Devices Market - Competitive Landscape
A few of the leading companies in the cardiac valve repair devices market are:
- Edwards Lifesciences Corp
- Medtronic Plc
- Abbott Laboratories
- Corcym Srl
Edwards Lifesciences Corp dominated the market in 2023.
Cardiac Valve Repair Devices Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Cardiac Valve Repair Devices Segments Outlook (Value, $ Million, 2015-2033)
- Mitral Valve Annuloplasty Devices
Cardiac Valve Repair Devices Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Key Inclusions
Currently marketed Cardiac Valve Repair Devices and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Cardiac Valve Repair Devices market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Cardiac Valve Repair Devices market.
- Competitive dynamics insights and trends provided for the Cardiac Valve Repair Devices market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Edwards Lifesciences Corp, Medtronic Plc, Abbott Laboratories, Corcym Srl, and others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Cardiac Valve Repair Devices market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Cardiac Valve Repair Devices market.
- Competitive dynamics insights and trends provided for the Cardiac Valve Repair Devices market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the Cardiac Valve Repair Devices market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Cardiac Valve Repair Devices market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Cardiac Valve Repair Devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Cardiac Valve Repair Devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
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What was the cardiac valve repair devices market size in 2023?
The cardiac valve repair devices market size was $226.7 million in 2023.
-
What will the cardiac valve repair devices market growth rate be during the forecast period?
The cardiac valve repair devices market is expected to grow at a CAGR of more than 4% during 2023-2033.
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Which region dominated the cardiac valve repair devices market in 2023?
Asia Pacific dominated the overall cardiac valve repair devices market in 2023.
-
Which are the leading companies in the cardiac valve repair devices market?
A few of the leading companies in the cardiac valve repair devices market are Edwards Lifesciences Corp, Medtronic Plc, Abbott Laboratories, and Corcym Srl, among others.
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