Product Description
Overall, the global transmyocardial revascularization device market was valued at $18 million in 2023. This is expected to increase over the forecast period at a CAGR of 1.8% to reach $20 million.
The full report suite on the global market for transmyocardial revascularization (TMR) device includes single-use fiber-optic handpieces and laser consoles. Artivion, and Laser Engineering were the top three market share leaders in the global transmyocardial revascularization device market.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2030, and Historical Data to 2020
- Recent Mergers & Acquisitions
- Disease Overviews
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
GLOBAL TRANSMYOCARDIAL REVASCULARIZATION DEVICE MARKET INSIGHTS
Global adoption of TMR devices remains low because they are typically used for patients deemed too high risk for coronary artery bypass grafting (CABG), a market increasingly dominated by transcatheter valve implantations. This trend of limited use is projected to continue. The niche market for TMR devices is served primarily by one major company, leading to monopoly pricing and controlled device distribution, which maximizes growth potential for these devices.
GLOBAL TRANSMYOCARDIAL REVASCULARIZATION DEVICE MARKET SHARE INSIGHTS
Artivion dominates the global TMR device market across all segments, having entered the market through the acquisition of CardioGenesis. As the sole provider of new consoles and handpieces worldwide, Artivion is likely to retain its near-monopoly control in the foreseeable future.
Laser Engineering, a key player in the 2023 global TMR market, manages the CO2 Heart Laser™ System and distributes handpiece kits. With its established regional presence, the company is expected to sustain its market share in the upcoming years.
MARKET SEGMENTATION SUMMARY
- Single-Use Fiber-Optic Handpiece Market
- Laser Console Market
- Laser Console Service Market
RESEARCH SCOPE SUMMARY
| Report Attribute | Details |
|---|---|
| Regions | North America(Canada, United States) Latin America (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela) Western Europe(Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine) Middle East(Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Mongolia, Malaysia, Myanmar, New Zealand, Philippines, Pakistan, Singapore, South Korea, Taiwan, Thailand, Uzbekistan, Vietnam) Africa (Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
