Mitral Valve Disease Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Overview and Scope
The mitral valve disease market includes revenues earned by entities by providing
services such as diagnostic imaging, surgical, and interventional procedures,
alongside consultation, rehabilitation, and telemedicine services, catering to
patient care and research needs. The market value includes the value of related
goods sold by the service provider or included within the service offering. The
mitral valve disease market also includes sales of valve repair devices, valve
replacement devices, imaging and diagnostic tools. Values in this market are
‘factory gate’ values, that is the value of goods sold by the manufacturers or
creators of the goods, whether to other entities (including downstream
manufacturers, wholesalers, distributors and retailers) or directly to end
customers. The value of goods in this market includes related services sold by
the creators of the goods.
Sizing and Forecast
The mitral valve disease market size has grown strongly in recent years. It
will grow from $2.75 billion in 2023 to $3 billion in 2024 at a compound annual
growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed
to patient education initiatives, adequate reimbursement policies and insurance
coverage, growing healthcare expenditure, rising awareness and screening
efforts, and expanding market presence.
The mitral valve disease market size is expected to see strong growth in the
next few years. It will grow to $4.32 billion in 2028 at a compound annual
growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed
to growing prevalence of mitral valve disease, increasing adoption for
minimally invasive techniques, soaring innovations in heart valve surgery, rise
venture capital investments, and rising interest of manufacturers. Major trends
in the forecast period include technological advancements, advancements in
transcatheter technologies, and increasing technological advancements in
surgical procedures.
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Segmentation & Regional Insights
The mitral valve disease market covered in this report is segmented –
1) By Treatment Type: Mitral Valve Repair, Mitral Valve Replacement, Cardiac
Resynchronization Therapy, Mitral Valve Therapeutics
2) By Indication: Mitral Valve Stenosis, Mitral Valve Prolapse, Mitral Valve
Regurgitation
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
Europe was the largest region in the mitral valve disease market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the mitral valve disease market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of vascular heart diseases is expected to propel the
growth of mitral valve disease market going forward. Vascular heart diseases
encompass a group of conditions affecting the blood vessels supplying the heart
or within the heart itself. A complex interplay of lifestyle choices,
demographic changes, medical conditions, environmental factors, and genetic
variables drives the increasing cases of vascular heart diseases. Vascular
heart diseases, such as ischemic heart disease and hypertension, can indirectly
cause mitral valve disease by compromising the heart's structure and function,
leading to conditions that affect the mitral valve. For instance, in December
2023, according to data from the Australian Bureau of Statistics 2020-21
National Health Survey conducted by the Australian Institute of Health and
Welfare, an Australia-based government agency, an estimated 571,000 adults aged
18 and over in Australia were living with coronary heart disease (CHD),
comprising 2.9% of the adult population. Moreover, the prevalence of CHD rises
significantly with age, impacting approximately 11% of adults aged 75 and
above. Therefore, the increasing prevalence of vascular heart diseases is
driving the mitral valve disease market.
Key Industry Players
Major companies operating in the mitral valve disease market are Pfizer Inc.,
Bayer AG, Abbott Laboratories, Novartis AG, Medtronic plc, Boston Scientific
Corporation, Edwards Lifesciences, ShockWave Medical Inc., Artivion Inc., TTK
Health Care Limited, Braile Biomedica, JenaValve Technology Inc., 4C Medical
technologies, Labcor Laboratorios Ltda, CryoLife Inc., Valcare Medical,
Affluent Medical, Colibri Heart Valve LLC, Coramaze Technologies, Corcym UK
Limited, HighLife Medical, Micro International Devices Inc., Neovasc Inc.,
Mitralign Inc., Transcatheter Technologies GmbH
The mitral valve disease market report table of contents includes:
1. Executive Summary
2. Industrial X-Ray Market Report Structure
3. Industrial X-Ray Market Trends And Strategies
4. Industrial X-Ray Market – Macro Economic Scenario
5. Industrial X-Ray Market Size And Growth
…..
27. Industrial X-Ray Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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