Global Transcatheter Heart Valve Replacement and Repair Market Report and Forecast 2024-2032
Market Report I 2023-09-05 I 160 Pages I EMR Inc.
Transcatheter Heart Valve Replacement and Repair Market Report and Forecast 2024-2032
Transcatheter Heart Valve Replacement and Repair Market Outlook
The transcatheter heart valve replacement and repair market size was valued USD 5.7 billion in 2023, driven by the rising surgical procedure, minimally invasive surgery, focus on patient safety and comfort across the globe. The market size is anticipated to grow at a CAGR of 12% during the forecast period of 2024-2032 to achieve a value of USD 15.7 billion by 2032.
Transcatheter Heart Valve Replacement and Repair: Introduction
Transcatheter Heart Valve Replacement and Repair, often referred to as TAVR (Transcatheter Aortic Valve Replacement) and TMVR (Transcatheter Mitral Valve Repair/Replacement), are innovative medical procedures designed to treat heart valve diseases using minimally invasive techniques. These procedures have revolutionized the field of cardiology by offering alternatives to traditional open-heart surgery for patients who may be at higher risk or considered ineligible for surgical valve replacement or repair. Both TAVR and TMVR procedures involve the insertion of catheters through blood vessels, typically in the groin area, and guiding them to the heart using advanced imaging technology. Once in position, the new valve (or repair device) is precisely placed within the native valve, restoring proper function and blood flow. These procedures are performed in specialized cardiac catheterization labs under the guidance of interventional cardiologists and cardiothoracic surgeons.
Key Trends in Transcatheter Heart Valve Replacement and Repair Market
- Technological Advancements: Ongoing advancements in medical technology have led to the development of improved transcatheter heart valve devices. These advancements focus on enhancing the durability, accuracy of placement, and overall performance of the valves.
- Expanding Indications: THVRR techniques were initially designed for high-risk or inoperable patients. However, there has been a trend toward expanding the indications to include intermediate and lower-risk patients, broadening the potential patient pool for these procedures.
- Minimally Invasive Approaches: The minimally invasive nature of THVRR procedures remains a significant trend. This approach reduces patient trauma, hospital stays, and recovery times compared to traditional open-heart surgeries. It also allows for procedures in older patients who might not be suitable candidates for major surgery.
- Increasing Clinical Trials: The THVRR market has seen a continued increase in clinical trials focused on evaluating the safety and efficacy of different transcatheter heart valve devices. These trials are crucial for obtaining regulatory approvals and expanding the indications for specific devices.
- Customization and Personalization: Manufacturers are exploring the development of more personalized and customizable transcatheter heart valve solutions. This includes considerations for patient anatomy, valve sizing, and delivery techniques to improve procedural outcomes.
Transcatheter Heart Valve Replacement and Repair Market Segmentation
The market can be categorised into procedure, indication, end user and region.
Market Breakup by Procedure
- Transcatheter Aortic Valve Replacement (TAVR)
- Transcatheter Mitral Valve Repair (TMVR)
- Transcatheter Pulmonary Valve Replacement (TPVR)
Market Breakup by Indication
- Aortic Stenosis
- Mitral Regurgitation
- Aortic Regurgitation
- Mitral Stenosis
- Tricuspid Regurgitation
Market Breakup by End User
- Hospitals
- Cardiac Catheterization Laboratories
- Ambulatory Surgical Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Transcatheter Heart Valve Replacement and Repair Market Overview
Transcatheter heart valve replacement and repair (THVRR) is a rapidly growing segment within the cardiovascular medical devices industry. It involves minimally invasive procedures to treat heart valve diseases, such as aortic stenosis and mitral regurgitation, without the need for open-heart surgery. THVRR techniques have gained significant traction due to their potential to provide safer and less invasive options for patients who are at higher risk or not suitable candidates for traditional surgical interventions. The THVRR market has witnessed substantial growth driven by increasing awareness among patients, advancements in medical technology, expanding indications, and favourable patient outcomes. The market is expected to continue growing due to an aging population and rising prevalence of heart valve diseases. The THVRR market has attracted significant attention from medical device manufacturers, leading to competition and innovation. Established players and newcomers alike are vying to develop more effective and patient-friendly solutions.
Key Players in the Transcatheter Heart Valve Replacement and Repair Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in transcatheter heart valve replacement and repair market are as follows:
- Edwards Lifesciences Corporation
- Medtronic
- Abbott
- Boston Scientific Corporation
- B. Braun SE
- MicroPort Scientific Corporation
- Meril Life Sciences Pvt. Ltd.
- Sahajanand Medical Technologies Limited
- Venus Medtech (Hangzhou) Inc.
- Peijia Medical Limited
- Blue Sail Medical Co Ltd
- Penumbra, Inc.
- Encapson
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1Preface
1.1Objectives of the Study
1.2Key Assumptions
1.3Report Coverage - Key Segmentation and Scope
1.4Research Methodology
2Executive Summary
3Global Transcatheter Heart Valve Replacement and Repair Market Overview
3.1Global Transcatheter Heart Valve Replacement and Repair Market Historical Value (2017-2023)
3.2Global Transcatheter Heart Valve Replacement and Repair Market Forecast Value (2024-2032)
4Global Transcatheter Heart Valve Replacement and Repair Market Landscape
4.1Global Transcatheter Heart Valve Replacement and Repair Developers Landscape
4.1.1Analysis by Year of Establishment
4.1.2Analysis by Company Size
4.1.3Analysis by Region
4.2Global Transcatheter Heart Valve Replacement and Repair Product Landscape
4.2.1Analysis by Procedure
4.2.2Analysis by Indication
5Global Transcatheter Heart Valve Replacement and Repair Market Dynamics
5.1Market Drivers and Constraints
5.2SWOT Analysis
5.3Porter's Five Forces Model
5.4Key Demand Indicators
5.5Key Price Indicators
5.6Industry Events, Initiatives, and Trends
5.7Value Chain Analysis
6Global Transcatheter Heart Valve Replacement and Repair Market Segmentation
6.1Global Transcatheter Heart Valve Replacement and Repair Market by Procedure
6.1.1Market Overview
6.1.2Transcatheter Aortic Valve Replacement (TAVR)
6.1.3Transcatheter Mitral Valve Repair (TMVR)
6.1.4Transcatheter Pulmonary Valve Replacement (TPVR)
6.2Global Transcatheter Heart Valve Replacement and Repair Market by Indication
6.2.1Market Overview
6.2.2Aortic Stenosis
6.2.3Mitral Regurgitation
6.2.4Aortic Regurgitation
6.2.5Mitral Stenosis
6.2.6Tricuspid Regurgitation
6.3Global Transcatheter Heart Valve Replacement and Repair Market by End User
6.3.1Market Overview
6.3.2Hospitals
6.3.3Cardiac Catheterization Laboratories
6.3.4Ambulatory Surgical Centres
6.3.5Others
6.4Global Transcatheter Heart Valve Replacement and Repair Market by Region
6.4.1Market Overview
6.4.2North America
6.4.3Europe
6.4.4Asia Pacific
6.4.5Latin America
6.4.6Middle East and Africa
7North America Transcatheter Heart Valve Replacement and Repair Market
7.1Market Share by Country
7.2United States of America
7.3Canada
8Europe Transcatheter Heart Valve Replacement and Repair Market
8.1Market Share by Country
8.2United Kingdom
8.3Germany
8.4France
8.5Italy
8.6Others
9Asia Pacific Transcatheter Heart Valve Replacement and Repair Market
9.1Market Share by Country
9.2China
9.3Japan
9.4India
9.5ASEAN
9.6Australia
9.7Others
10Latin America Transcatheter Heart Valve Replacement and Repair Market
10.1Market Share by Country
10.2Brazil
10.3Argentina
10.4Mexico
10.5Others
11Middle East and Africa Transcatheter Heart Valve Replacement and Repair Market
11.1Market Share by Country
11.2Saudi Arabia
11.3United Arab Emirates
11.4Nigeria
11.5South Africa
11.6Others
12Patent Analysis
12.1Analysis by Type of Patent
12.2Analysis by Publication year
12.3Analysis by Issuing Authority
12.4Analysis by Patent Age
12.5Analysis by CPC Analysis
12.6Analysis by Patent Valuation
12.7Analysis by Key Players
13Grants Analysis
13.1Analysis by year
13.2Analysis by Amount Awarded
13.3Analysis by Issuing Authority
13.4Analysis by Grant Application
13.5Analysis by Funding Institute
13.6Analysis by NIH Departments
13.7Analysis by Recipient Organization
14Funding Analysis
14.1Analysis by Funding Instances
14.2Analysis by Type of Funding
14.3Analysis by Funding Amount
14.4Analysis by Leading Players
14.5Analysis by Leading Investors
14.6Analysis by Geography
15Partnership and Collaborations Analysis
15.1Analysis by Partnership Instances
15.2Analysis by Type of Partnership
15.3Analysis by Leading Players
15.4Analysis by Geography
16Regulatory Framework
16.1Regulatory Overview
16.1.1US FDA
16.1.2EU EMA
16.1.3INDIA CDSCO
16.1.4JAPAN PMDA
16.1.5Others
17Supplier Landscape
17.1Edwards Lifesciences Corporation
17.1.1Financial Analysis
17.1.2Product Portfolio
17.1.3Demographic Reach and Achievements
17.1.4Mergers and Acquisitions
17.1.5Certifications
17.2Medtronic
17.2.1Financial Analysis
17.2.2Product Portfolio
17.2.3Demographic Reach and Achievements
17.2.4Mergers and Acquisitions
17.2.5Certifications
17.3Abbott
17.3.1Financial Analysis
17.3.2Product Portfolio
17.3.3Demographic Reach and Achievements
17.3.4Mergers and Acquisitions
17.3.5Certifications
17.4Boston Scientific Corporation
17.4.1Financial Analysis
17.4.2Financial Portfolio
17.4.3Demographic Reach and Achievements
17.4.4Mergers and Acquisitions
17.4.5Certifications
17.5B. Braun SE
17.5.1Financial Analysis
17.5.2Product Portfolio
17.5.3Demographic Reach and Achievements
17.5.4Mergers and Acquisitions
17.5.5Certifications
17.6MicroPort Scientific Corporation
17.6.1Financial Analysis
17.6.2Product Portfolio
17.6.3Demographic Reach and Achievements
17.6.4Mergers and Acquisitions
17.6.5Certifications
17.7Meril Life Sciences Pvt. Ltd.
17.7.1Financial Analysis
17.7.2Product Portfolio
17.7.3Demographic Reach and Achievements
17.7.4Mergers and Acquisitions
17.7.5Certifications
17.8Sahajanand Medical Technologies Limited
17.8.1Financial Analysis
17.8.2Product Portfolio
17.8.3Demographic Reach and Achievements
17.8.4Mergers and Acquisitions
17.8.5Certifications
17.9Venus Medtech (Hangzhou) Inc.
17.9.1Financial Analysis
17.9.2Product Portfolio
17.9.3Demographic Reach and Achievements
17.9.4Mergers and Acquisitions
17.9.5Certifications
17.10Peijia Medical Limited
17.10.1Financial Analysis
17.10.2Product Portfolio
17.10.3Demographic Reach and Achievements
17.10.4Mergers and Acquisitions
17.10.5Certifications
17.11Blue Sail Medical Co Ltd
17.11.1Financial Analysis
17.11.2Product Portfolio
17.11.3Demographic Reach and Achievements
17.11.4Mergers and Acquisitions
17.11.5Certifications
17.12Penumbra, Inc.
17.12.1Financial Analysis
17.12.2Product Portfolio
17.12.3Demographic Reach and Achievements
17.12.4Mergers and Acquisitions
17.12.5Certifications
17.13Encapson
17.13.1Financial Analysis
17.13.2Product Portfolio
17.13.3Demographic Reach and Achievements
17.13.4Mergers and Acquisitions
17.13.5Certifications
18Global Transcatheter Heart Valve Replacement and Repair Market - Distribution Model (Additional Insight)
18.1Overview
18.2Potential Distributors
18.3Key Parameters for Distribution Partner Assessment
19Key Opinion Leaders (KOL) Insights (Additional Insight)
20Company Competitiveness Analysis (Additional Insight)
20.1Very Small Companies
20.2Small Companies
20.3Mid-Sized Companies
20.4Large Companies
20.5Very Large Companies
21Payment Methods (Additional Insight)
21.1Government Funded
21.2Private Insurance
21.3Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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