According to the current analysis of Emergen Research, the global Transcatheter Mitral Valve Implantation Market was valued at USD 1.82 billion in 2019 and is expected to reach USD 4.67 billion by 2027, at a CAGR of 14.4%. Rise frequency of mitral valve diseases, increasing pioneering pipeline devices together with rising elderly population with heart condition is positively driving the growth prospects of the Transcatheter Mitral Valve Implantation (repair and replacement) market in the forecast period. Mitral Regurgitation (MR) is the greatest widespread valve disorder affecting more than 4 million in total in the United States. Roughly, 250,000 cases of mitral regurgitation are recorded in the United States annually out of which close to 50,000 patients decide to undertake recommended surgery. Transcatheter mitral valve replacement (TMVR) is a substitute therapeutic opportunity which has been enhanced considerably to competently treat severe mitral regurgitation in patients who are exposed to high or prohibitive surgical risks.
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A practicable and comparatively safe option in patients with mitral regurgitation is established called percutaneous transcatheter mitral valve replacement. In terms of safety and effectiveness this techniques is proving to be beneficial for those patients with potential risk of mitral value disease. The demand for this technique is enhancing the growth prospects of the global transcatheter mitral valve implantation over the forecast period. However, cases of failed surgeries, costly target surgeries, and rigorous government rules and regulations are likely to hinder the industry growth in forecast period.
Global Transcatheter Mitral Valve Implantation Market COVID-19 Analysis
The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Transcatheter Mitral Valve Implantation industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Transcatheter Mitral Valve Implantation market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Transcatheter Mitral Valve Implantation industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Transcatheter Mitral Valve Implantation market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Transcatheter Mitral Valve Implantation market and offers revenue estimations in a post-COVID-19 scenario.
Revenue and cost profit analysis of major player dominating the Transcatheter Mitral Valve Implantation market
The report also takes into consideration the effect of the different restrictions imposed in different regions on the Transcatheter Mitral Valve Implantation industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Transcatheter Mitral Valve Implantation market.
Key market players profiled for this industry analysis include Abbott Laboratories, HLT Medical, Neovasc, Edward Lifesciences, Biotronik Private Limited, LivaNova, Colibri Heart Valve, Medtronic, NeoChord, MValve Technologies, Transcatheter Technologies GmbH and Venus Medtech among other companies
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The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Transcatheter Mitral Valve Implantation market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
Product Outlook (Revenue in Million USD; 2017–2027)
- Mechanical Valves
- Bioprosthetic Tissue (Biological) Valves
Application Outlook (Revenue in Million USD; 2017–2027)
- Mitral Valve Stenosis
- Mitral Valve Prolapse
- Mitral Valve Regurgitation
End Use Outlook (Revenue in Million USD; 2017–2027)
- Ambulatory Surgical Centers
- Diagnostic Centers
The report offers a comprehensive overview of the global Transcatheter Mitral Valve Implantation market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
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North America dominated the market in terms of market revenue in 2019. Factors contributing to the largest market share (39.7%) are increasing success rate of surgeries, high employability of technologically advanced medical heart therapy devices and favourable compensation policies among other encouraging scenarios
Regional Outlook (Revenue in Million USD; 2017–2027)
- North America
- Rest of the Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Key Questions Addressed in the Report:
- Who are the leading players of the Transcatheter Mitral Valve Implantation industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Transcatheter Mitral Valve Implantation market?
- Which segment is expected to garner traction during the coming years?
- Report Overview
1.1 Research Scope
1.2 Key Transcatheter Mitral Valve Implantation market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Transcatheter Mitral Valve Implantation market size
2.2 Latest trends of the Transcatheter Mitral Valve Implantation market by region
2.3 Key corporate trends
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