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Transcatheter Mitral Valve Repair and Replacement Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21243

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Published on

June 2021

Total pages

143

Table of Content

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About the Report

About the Report

A TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT SYSTEM IS USED TO TREAT VARIOUS MITRAL VALVE DISORDERS (MITRAL VALVE STENOSIS, MITRAL VALVE PROLAPSE, MITRAL VALVE REGURGITATION) USING MINIMALLY INVASIVE TRANSCATHETER PROCEDURES. THESE LESS INVASIVE PROCEDURES ARE SUITABLE THERAPEUTIC ALTERNATIVES FOR THOSE PEOPLE WHO CANNOT UNDERGO OPEN-HEART SURGERY DUE TO HEALTH CONCERNS.

THE RISING WORLDWIDE DEMAND FOR TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT SYSTEMS IS BECAUSE OF THE INCREASING TECHNOLOGICAL ADVANCEMENTS IN SURGICAL PROCEDURES AND UPSURGE IN VENTURE CAPITAL INVESTMENTS. FOR INSTANCE, THE MEDICAL TECHNOLOGY VENTURE CAPITAL INVESTMENT ALL OVER THE WORLD WAS VALUED AT 5.7 BILLION U.S. DOLLARS IN 2019 WHICH ROSE TO 6.3 BILLION U.S. DOLLARS IN 2020. IN ADDITION TO THIS, THE LARGEST INCREASE IN THE MEDTECH VENTURE CAPITAL INVESTMENT WAS SEEN DURING THE YEARS 2016 AND 2017.

THE GROWING PREVALENCE OF HEART VALVE DISEASE COUPLED WITH THE RISING GERIATRIC POPULATION IS ANOTHER FACTOR CONTRIBUTING TO THE GROWTH OF THE GLOBAL TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT SYSTEMS MARKET. FOR INSTANCE, ACCORDING TO THE UNITED NATIONS, IN 2019, 13.2% OF THE WORLDWIDE POPULATION WAS AGED 60 YEARS OR ABOVE. FURTHER, IT IS ANTICIPATED THAT NEARLY 21.4% OF THE TOTAL WORLDWIDE POPULATION WILL BE AGED 60 YEARS OR OVER BY 2050. IN VIEW OF THESE FACTS, THERE IS AN INCREASE IN THE NUMBER OF PEOPLE WHO ARE NOT SUITABLE FOR OPEN-HEART SURGERIES. AS A RESULT, THERE IS AN INCREASE IN THE ADOPTION OF MINIMALLY INVASIVE SURGICAL PROCEDURES SUCH AS TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT PROCEDURES AUGMENTING THE GROWTH OF TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET GLOBALLY.

HOWEVER, SOME OF THE RESTRAINTS IN THE MARKET INCLUDE STRINGENT GOVERNMENT REGULATIONS, HIGH COST AND RISK ASSOCIATED WITH THE TRANSCATHETER MITRAL VALVE REPLACEMENT PROCEDURES ARE IMPEDING THE GROWTH OF THIS MARKET ALL OVER THE WORLD.

BASED ON PRODUCTS, THE MARKET IS DIVIDED INTO MECHANICAL VALVES AND BIOPROSTHETIC VALVES. THE MECHANICAL VALVES SEGMENT GENERATED REVENUE OF USD XX MILLION IN 2020. THE SEGMENT IS EXPECTED TO GROW AT A CAGR OF XX% DURING THE FORECAST PERIOD TO REACH A MARKET VALUATION OF USD XX MILLION BY 2027 OWING TO THE SEVERAL ADVANTAGES OFFERED BY THESE VALVES OVER BIOPROSTHETIC VALVES.

BASED ON INDICATION, THE MARKET IS SEGMENTED INTO MITRAL VALVE STENOSIS, MITRAL VALVE PROLAPSE, AND MITRAL VALVE REGURGITATION. THE MITRAL VALVE STENOSIS SEGMENT GRABBED XX% MARKET SHARE OF THE GLOBAL TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET AND GATHERED REVENUE OF USD XX MILLION IN 2020. THE SEGMENT IS EXPECTED TO GROW AT A CAGR OF XX% DURING THE FORECAST PERIOD TO REACH A MARKET VALUATION OF USD XX MILLION BY 2027. HOWEVER, THE MITRAL VALVE REGURGITATION SEGMENT IS EXPECTED TO WITNESS A CAGR OF XX% DURING THE FORTHCOMING YEARS.

FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT PROCEDURES, THE MARKET IS ANALYZED BASED ON ITS WORLDWIDE PRESENCE IN THE COUNTRIES SUCH AS NORTH AMERICA (UNITED STATES, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, FRANCE, ITALY, SPAIN, UNITED KINGDOM AND REST OF EUROPE), ASIA-PACIFIC (CHINA, JAPAN, INDIA, AUSTRALIA AND REST OF APAC), AND REST OF WORLD. NORTH AMERICA CONSTITUTES THE LARGEST MARKET FOR THE TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT INDUSTRY AND GENERATED REVENUE OF USD XX MILLION IN 2020 OWING TO THE GOVERNMENT SUPPORT FOR ADVANCED RESEARCH AND DEVELOPMENT IN THE FIELD OF LESS INVASIVE MITRAL VALVE REPAIR AND REPLACEMENT PROCEDURES AND INCREASING AWARENESS REGARDING THE BENEFITS OFFERED BY THEM.
SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE MEDTRONIC PLC, ABBOTT LABORATORIES, EDWARDS LIFESCIENCES CORPORATION, COLIBRI HEART VALVE, LIVANOVA PLC, BOSTON SCIENTIFIC CORPORATION, HIGHLIFE MEDICAL, NEOVASC INC., MICRO INTERVENTIONAL DEVICES, JENAVALVE TECHNOLOGY. SEVERAL M&A'S ALONG WITH PARTNERSHIPS HAVE BEEN UNDERTAKEN BY THESE PLAYERS TO BOOST THEIR PRESENCE IN DIFFERENT REGIONS.

Products


Companies

MEDTRONIC PLC

ABBOTT LABORATORIES

EDWARDS LIFESCIENCES CORPORATION

COLIBRI HEART VALVE

LIVANOVA PLC

BOSTON SCIENTIFIC CORPORATION

HIGHLIFE MEDICAL

NEOVASC INC.

MICRO INTERVENTIONAL DEVICES

JENAVALVE TECHNOLOGY

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 OBJECTIVE OF THE STUDY

1.3 LIMITATION

1.4 STAKE HOLDERS

1.5 CURRENCY USED IN REPORT

1.6 SCOPE OF THE GLOBAL TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET STUDY

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 RESEARCH METHODOLOGY FOR THE GLOBAL TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET

2.1.1

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPS UNDER TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT SECTOR

6 TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT COVID-19

7 GLOBAL TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET REVENUE (USD BN), 2021-2027F

8 MARKET INSIGHTS BY PRODUCT

8.1 MECHANICAL VALVES

8.2 BIOPROSTHETIC TISSUE VALVES

9 MARKET INSIGHTS BY INDICATION

9.1 MITRAL VALVE STENOSIS

9.2 MITRAL VALVE PROLAPSE

9.3 MITRAL VALVE REGURGITATION

10 MARKET INSIGHTS BY REGION

10.1 NORTH AMERICA TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET

10.1.1

10.1.2

10.1.3

10.2 EUROPE TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET

10.2.1

10.2.2

10.2.3

10.2.4

10.2.5

10.2.6

10.3 ASIA PACIFIC TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET

10.3.1

10.3.2

10.3.3

10.3.4

10.3.5

10.4 REST OF WORLD TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET

11 TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET DYNAMICS

11.1 MARKET DRIVERS

11.2 MARKET CHALLENGES

11.3 IMPACT ANALYSIS

12 TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET OPPORTUNITIES

13 TRANSCATHETER MITRAL VALVE REPAIR & REPLACEMENT MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1 DEMAND SIDE ANALYSIS

15.2 SUPPLY SIDE ANALYSIS

15.2.1

15.2.2

15.2.3

15.2.4

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1 PORTER'S FIVE FORCES ANALYSIS

17.1.1

17.1.2

17.1.3

17.1.4

17.1.5

17.2 COMPETITIVE LANDSCAPE

17.2.1

18 COMPANY PROFILED

18.1 MEDTRONIC PLC

18.2 ABBOTT LABORATORIES

18.3 EDWARDS LIFESCIENCES CORPORATION

18.4 COLIBRI HEART VALVE

18.5 LIVANOVA PLC

18.6 BOSTON SCIENTIFIC CORPORATION

18.7 HIGHLIFE MEDICAL

18.8 NEOVASC INC.

18.9 MICRO INTERVENTIONAL DEVICES

18.10 JENAVALVE TECHNOLOGY

19 DISCLAIMER

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