VANCOUVER, BC, Sept. 23, 2020
- Advancements in the techniques of Transcatheter Mitral Valve Implantation and substantial prevalence of Mitral Regurgitation with favorable reimbursement scenarios are expected to fuel the market growth.
VANCOUVER, BC, Sept. 23, 2020 /PRNewswire/ --
Transcatheter Mitral Valve Implantation Market Size – USD 1.82 billion in 2019, Transcatheter Mitral Valve Implantation Market Growth – CAGR of 14.4%, Transcatheter Mitral Valve Implantation Industry Trends– percutaneous transcatheter mitral valve replacement techniques, favorable investment opportunities, and technological advancements
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%. Rising incidences of mitral valve diseases, new pipeline devices, together with the increasing elderly population with heart conditions, is positively driving the growth of the Transcatheter Mitral Valve Implantation (repair and replacement) market in the forecast period. Mitral Regurgitation (MR) is a widespread valve disorder affecting more than 4 million people 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 opt for the recommended surgery. Transcatheter mitral valve replacement (TMVR) is a substitute therapeutic opportunity that has been enhanced considerably to competently treat severe mitral regurgitation in patients who are exposed to high or prohibitive surgical risks.
A practicable and comparatively safe option in patients with mitral regurgitation is called percutaneous transcatheter mitral valve replacement. In terms of safety and effectiveness, these techniques are proving to be beneficial for those patients with the potential risk of mitral valve disease. The escalating demand for this technique is enhancing the growth prospects of the global transcatheter mitral valve implantation market 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 the forecast period.
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Further key findings from the report suggest
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For the purpose of this study, Emergen Research has segmented the Transcatheter Mitral Valve Implantation Market on the basis of product, application, end use, and region:
Product Outlook (Revenue in Million USD; 2017–2027)
Application Outlook (Revenue in Million USD; 2017–2027)
End Use Outlook (Revenue in Million USD; 2017–2027)
Regional Outlook (Revenue in Million USD; 2017–2027)
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