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Transcatheter Mitral Valve Repair and Replacement Market

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Transcatheter mitral valve repair and replacement methods are gaining significant traction due to advances in valve therapy.
Transcatheter Mitral Valve Repair and Replacement
Market - Size, Share, Outlook, and Opportunity
Analysis 2018 – 2026
Transcatheter mitral valve repair and replacement methods are gaining significant traction due
to advances in valve therapy. Transcatheter Mitral Valve Replacement (TMVR) can be used as
an alternative to open-heart surgery and is used in treating mitral valve stenosis, mitral valve
prolapse, and mitral valve regurgitation.
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Transcatheter Mitral Valve Repair and Replacement Market Drivers
Increasing mortality due to chronic and cardiovascular diseases especially in the elderly
population is a major factor boosting the growth of the market. As per the American Heart
Association estimates in 2017, around 19.1 million death occur annually worldwide due to
various cardiovascular diseases. Furthermore, as per the United Nations (UN) estimates 2017,
the geriatric population in the U.S. is expected to reach over 72 million by 2022. The growth
of this target population coupled with increasing risk of cardiovascular diseases is expected to
drive the growth of the market.
The global transcatheter mitral valve repair and replacement devices market is expected to
witness growth, owing to continuous technological advancements such as developing multiple
use valves. For instance, in June 2017, Edwards Lifesciences received FDA approval for its
SAPIEN 3 transcatheter prosthetic heart valve, indicated for placement within both mitral
valves and aortic valves.
Increase in number of TMVR pipeline devices for treatment of mitral valve abnormalities are
also expected to propel growth of TMVR market. For instance, a randomized clinical trial of
Medtronic Intrepid Transcatheter Mitral Valve Replacement System, sponsored by Medtronic
Cardiovascular is ongoing for treating mitral valve regurgitation and is estimated to complete in
October 2025.
Transcatheter Mitral Valve Repair and Replacement Market Restraints
Stringent government regulations as well as high cost of mitral valve surgeries are major factors
restraining growth of the market. For instance, according to an article published in National
Chemical Biology Institute (NCBI), in September 2015, mean cost of TMVR surgery was US$
42,806. According to Times of India March 2012, the cost of TMVR procedure in India was US$
29,350 which include the estimated cost of valve US$ 21,500.
Transcatheter Mitral Valve Repair and Replacement Market – Regional Analysis
On the basis of region, the transcatheter mitral valve repair and replacement market is
segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Report includes chapters which deeply display the following deliverable about industry :
• Transcatheter Mitral Valve Repair and Replacement Market Research Objective and Assumption
• Transcatheter Mitral Valve Repair and Replacement Market Purview - Report Description,
Executive Summary, and Coherent Opportunity Map (COM)
• Transcatheter Mitral Valve Repair and Replacement Market Dynamics, Regulations, and Trends
Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New
system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Transcatheter Mitral Valve Repair and Replacement Market, By Regions
• Transcatheter Mitral Valve Repair and Replacement Market Competition by Manufacturers
including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales
Area and Product Type.
• Transcatheter Mitral Valve Repair and Replacement Market Manufacturers Profiles/Analysis
including Company Basic Information, Manufacturing Base and Its Competitors.
• Transcatheter Mitral Valve Repair and Replacement Market Manufacturing Cost Analysis
including Key Raw Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Transcatheter Mitral Valve Repair and Replacement Market Forecast including Production,
Consumption, Import and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
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North America is projected to dominate transcatheter mitral valve repair and replacement
market, owing to high prevalence of cardiac disease. For instance, in the U.S., heart disease is
a leading cause of death, accounting for around 375,000 deaths annually. According to
ClinicoEconomics and Outcomes Research 2016, Mitral regurgitation is the most frequent valve
disease in the U.S. affecting nearly 1 in 10 people of 75 years or older.
Asia Pacific region is expected to witness significant growth, owing expansions of manufacturing
facilities by market players. For instance, Medtronic, Inc. in March 2011, opened new
manufacturing facility in Singapore to meet increasing demand for cardiac devices in region.
Transcatheter Mitral Valve Repair and Replacement Market – Competitive Analysis
The key players operating in the global transcatheter mitral valve repair and replacement
devices market include Abbott Laboratories, Biotronik Private Limited, Colibri Heart Valve,
Edward Lifesciences Corporation, HLT Medical, LivaNova Plc, Medtronic Plc, Neovasc Inc., and
NeoChord.
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
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