Global Percutaneous Mitral Valve Repair Device Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 10% from 2024 to 2030.
The percutaneous mitral valve repair device market is witnessing significant growth, driven by the increasing prevalence of mitral valve diseases and the demand for minimally invasive treatment options. In 2023, the market was valued at approximately $1.6 billion and is projected to reach $2.45 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.1%. citeturn0search1 Leading companies such as Abbott Laboratories and Edwards Lifesciences Corporation dominate this market. Abbott's MitraClip system, the world's first transcatheter mitral valve repair (TMVr) device, has established the company as a market leader. Edwards Lifesciences follows with its PASCAL system, introduced in 2019 to address mitral regurgitation. citeturn0search1 The market's expansion is further supported by technological advancements and the growing preference for minimally invasive procedures. Patients benefit from reduced hospital stays, quicker recovery times, and lower complication risks compared to traditional open-heart surgeries. This shift towards less invasive treatments is particularly beneficial for high-risk patients who may not be suitable candidates for conventional surgery. Geographically, North America holds a significant share of the market, attributed to its advanced healthcare infrastructure and high prevalence of mitral valve diseases. Europe and Asia-Pacific regions are also experiencing substantial growth, driven by increasing healthcare investments and rising awareness of innovative cardiac treatments. In India, the adoption of percutaneous mitral valve repair techniques is gaining momentum. Notably, Apollo Hospitals in Chennai performed the country's first fourth-generation transcatheter mitral valve repair using the MitraClip system. This milestone highlights the growing acceptance and implementation of advanced cardiac interventions in the region. citeturn0search17 The percutaneous mitral valve repair device market is poised for continued growth, driven by technological innovations, increasing patient awareness, and the global shift towards minimally invasive cardiac procedures.
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Medtronic
St. Jude Medical
Sorin Group
Abbott Laboratories
Accellent Inc.
Admedes Schuessler GmbH
AorTech International
Arbor Surgical Technologies
Inc.
AutoTissue GmbH
Boston Scientific
CryoLife
Colibri Heart Valve
Micro Interventional Devices
Neovasc
JenaValve Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Percutaneous Mitral Valve Repair Device Market
Hospitals
Ambulatory Surgical Centers
Others
Based on Types the Market is categorized into Below types that held the largest Percutaneous Mitral Valve Repair Device market share In 2023.
Mitral Valve Replacement Devices
Mitral Valve Repair Devices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Percutaneous Mitral Valve Repair Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Percutaneous Mitral Valve Repair Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Percutaneous Mitral Valve Repair Device Market, By Type
6. Global Percutaneous Mitral Valve Repair Device Market, By Application
7. Global Percutaneous Mitral Valve Repair Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Percutaneous Mitral Valve Repair Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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