Product Description
Overall, the global transcatheter mitral valve repair market was valued at $1.6 billion in 2023. This is expected to increase over the forecast period at a CAGR of 6.1% to reach $2.45 billion.
The full report suite on the global market for transcatheter mitral valve repair (TMVr) includes devices that use a clip to prevent mitral regurgitation (MR) by securing the flaps of the mitral valve.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2030, and Historical Data to 2020
- Recent Mergers & Acquisitions
- Disease Overview
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
Transcatheter Mitral Valve Repair Device Market Insights
Worldwide, three companies are currently approved to offer mitral valve repair devices, engaging in competitive pricing and bundling strategies that have contributed to price declines and may inhibit market growth during the upcoming period. Meanwhile, the mitral valve repair sector, one of the four main heart valve repair markets, has attracted significant attention from numerous companies aiming to serve the expanding patient demographic afflicted with mitral valve disorders. Leading players like Abbott and Edwards Lifesciences are anticipated to continue their investments in this sector throughout the forecast period.
MARKET SHARE INSIGHTS
Abbott leads the transcatheter mitral valve repair (TMVr) device market as the frontrunner with its pioneering MitraClip® system. This innovative product not only marked the world’s first in TMVr solutions but also positions Abbott to sustain its market dominance through ongoing investments in mitral valve treatments.
Edwards Lifesciences follows closely, having secured the second spot in the TMVr market. The introduction of its PASCAL system in 2019, designed to address mitral regurgitation (MR), complements its flagship Sapien® aortic valve system within its comprehensive structural heart portfolio. Continued investment in structural heart solutions is expected to bolster Edwards Lifesciences’ market share in the coming years.
Cardiac Dimensions maintains a significant presence in the global TMVr market with its CARILLION® Mitral Contour System™. Despite its notable standing and specialized focus, shifts in its market share are not anticipated in the foreseeable future, due to its limited global presence.
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. |
