Transcatheter Mitral Valve Repair Device Market Size, Share & COVID-19 Impact Analysis | Global | 2021-2027 | MedCore
- Year: 2021
- Scope: 10 Years
- Region: Global
- Type: MedCore
The global transcatheter mitral valve repair device (TMVr) market size is estimated to increase over the forecast period to reach $2.2 billion by 2027.
Abbott, Edwards Lifesciences, and Cardiac Dimensions were the share leaders in the global transcatheter mitral valve repair device (TMVr) market. This global analysis covers over 70 countries and includes in-depth procedure numbers by country.
The transcatheter mitral valve repair market is limited due to the complexity of the procedure. Surgeons are required to undergo additional training to be able to perform these. However, there is a large population of people suffering from mitral valve disorders and, as a result, there is a large market for transcatheter mitral valve repair devices.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2027, and Historical Data to 2017
- Recent Mergers & Acquisitions
- Disease Overview
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
Transcatheter Mitral Valve Repair Device Market Insights
The MitraClip™ was the first TMVr device approved for use by the FDA and remains the only device with commercial approval in the United States. Currently, the use of the MitraClip™ is limited due to a small subset of surgeons being able to effectively perform this procedure. Unit sales within this market are contingent on the expansion of the indication for use of the MitraClip™. Moving forwards, growth in unit sales is expected to remain strong, outside of COVID-19 related fluctuations, but decrease in magnitude as the market matures.
MARKET SHARE INSIGHTS
Abbott, Edwards Lifesciences, and Cardiac Dimensions controlled the global transcatheter mitral valve repair device share.
Abbott is expected to retain its market-leading position over the forecast period despite increasing competition from new market entrants, as physicians are already comfortable performing the MitraClip® procedure, and reimbursement for MitraClip® is more favorable than for alternative devices.
RESEARCH REGIONAL COVERAGE
Throughout this report, iData Research has covered over 70 countries across the globe in great detail. Each global region may be purchased as a stand-alone report, tailoring the data to your needs. The regions covered are:
- North America (the United States and Canada)
- Latin America (Brazil, Mexico, Colombia, Argentina, Peru, Chile, Venezuela, and Other)
- Western Europe (Germany, France, Italy, Spain, Switzerland, Austria, Portugal, Benelux, Scandinavia, and Other)
- Central and Eastern Europe (Poland, Turkey, Russia, Greece, Czech Republic, Croatia, Bulgaria, Ukraine, Kazakhstan, Hungary, Romania, Baltic States (Estonia, Latvia, and Lithuania), and Other)
- Middle East (Saudi Arabia, UAE, Israel, Iran, Kuwait, Qatar, Bahrain, Oman, and Other)
- Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Malaysia, Thailand, the Philippines, Brunei, Myanmar, Cambodia, Vietnam, New Zealand, Taiwan, Hong Kong, and Other)
- Africa South Africa, Egypt, Morocco, Ghana, Nigeria, Libya, Sudan, Uganda, Kenya, and Other)
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Transcatheter Mitral Valve Repair Device Market Size, Share & COVID-19 Impact Analysis | Global | 2021-2027 | MedCore
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Of the four valves in the human heart (mitral valve, tricuspid valve, aortic valve and pulmonary valve), the mitral valve is most prone to regurgitation. This is a condition where blood is funneled back into the left atrium of the heart. Mitral regurgitation (MR) can either be caused by a congenital defect or myxomatous degeneration of the valve.
- 2021
- 10 Years
- Global
- MedCore
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