Percutaneous Mitral Valve Repair Device Market was valued at USD 1.35 Billion in 2022 and is projected to reach USD 3.25 Billion by 2030, growing at a CAGR of 11% from 2024 to 2030.
The global percutaneous mitral valve repair device market was valued at approximately USD 2.1 billion in 2022. The market is anticipated to grow at a compound annual growth rate (CAGR) of around 12.5% from 2022 to 2030, driven by the increasing prevalence of mitral valve disorders, advancements in medical technology, and the rising demand for minimally invasive procedures. The growing awareness and adoption of percutaneous techniques over traditional surgical methods are significantly contributing to the market expansion.
Opportunity analysis indicates substantial growth potential in emerging markets due to improvements in healthcare infrastructure and increasing healthcare expenditure. The expansion of percutaneous mitral valve repair devices in regions such as Asia-Pacific and Latin America is poised to offer lucrative opportunities for market players. Additionally, ongoing research and development efforts aimed at enhancing device efficiency and patient outcomes are expected to further drive market growth and adoption rates in these developing regions.
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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, Japan, 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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