The transcatheter
mitral valve replacement (TMVR) market is projected to grow
at a CAGR of 20% over the forecast period. Major factors driving
growth include increased prevalence of mitral valve diseases, growing
preferences for minimally invasive procedures, advancements in TMVR technology,
growing geriatric population, increasing clinical trials & regulatory
approvals for TMVR devices, and favorable reimbursement policies for TMVR
procedures.
Transcatheter Mitral Valve Replacement (TMVR) is a minimally
invasive procedure designed to replace a damaged or diseased mitral valve in
the heart. As one of the four heart valves regulating blood flow between
chambers, the mitral valve plays a crucial role in circulation. When it becomes
compromised, it can lead to blood leakage into the lungs, causing symptoms such
as shortness of breath, fatigue, and fluid buildup.
During TMVR, a new valve is delivered through a catheter,
typically inserted via an artery in the groin or chest. Using advanced imaging
techniques like X-ray or echocardiography, the catheter is carefully guided to
the heart. Once positioned, the new valve is expanded and secured within the
existing valve structure, restoring proper blood flow. TMVR can be performed
using two main techniques:
- Native
Valve Replacement: An investigational approach that directly
replaces the patient’s original mitral valve
- Valve-in-Valve
Replacement: A method used to implant a new valve within a
failing prosthetic valve or a previously placed annuloplasty ring from
prior surgery
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The increasing prevalence of mitral valve diseases drives
market growth
The increasing prevalence of mitral valve diseases,
particularly mitral regurgitation (MR) and mitral stenosis (MS), is becoming a
significant global health concern. Factors such as an aging population, rising
incidences of cardiovascular diseases, and lifestyle-related conditions like
hypertension and obesity contribute to the growing burden of these disorders. A
2023 ScienceDirect article states that mitral regurgitation, the most prevalent
valvular heart disease, impacts approximately 2% of the general population and
up to 10% of individuals over 75, frequently resulting in heart failure if
untreated. Additionally, mitral stenosis remains a major issue in
developing regions due to persistent cases of rheumatic heart disease. Many of
these conditions progress silently, resulting in late-stage diagnosis and the
need for advanced interventions. As surgical treatments pose high risks for
elderly and comorbid patients, the demand for minimally invasive solutions such
as transcatheter mitral valve replacement (TMVR) is rising, driving innovation
and growth in the global TMVR market.
Growing preference for minimally invasive procedures in
TMVR fuels its demand
The growing preference for minimally invasive procedures in
transcatheter mitral valve replacement (TMVR) is transforming the landscape of
mitral valve disease treatment. Unlike traditional open-heart surgery, which
involves significant risks, long recovery times, and potential complications,
TMVR offers a less invasive alternative with reduced hospital stays and faster
patient recovery. Advancements in catheter-based technology, imaging guidance,
and procedural techniques have made TMVR a viable option for high-risk patients
who are ineligible for conventional surgery. Additionally, the increasing
awareness of patient-centric care and the demand for quicker, less painful
treatments are driving the adoption of minimally invasive TMVR. As healthcare
systems prioritize cost-effective solutions with better clinical outcomes, the
shift toward minimally invasive interventions is expected to accelerate,
further boosting the growth of the TMVR market.
Competitive Landscape Analysis
The global transcatheter mitral valve replacement (TMVR)
market is marked by the presence of established and emerging market players
such as Abbott Laboratories; Edwards Lifesciences; Medtronic plc;
Boston Scientific Corporation; LivaNova; Cardiac Dimensions; NeoChord,
Inc.; Opus Medical Therapies, LLC; HighLife Medical; and Neovasc; among
others. Some of the key strategies adopted by market players include new
product development, strategic partnerships and collaborations, and
investments.
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Market Segmentation
This report by Medi-Tech Insights provides the size of
the global transcatheter mitral valve replacement (TMVR) market at
the regional- and country level from 2023 to 2030. The report further
segments the market based on product type, indication, and end user.
- Market
Size & Forecast (2023-2030), By Product Type, USD Million
- Mechanical
Valves
- Bioprosthetic/Tissue
Valves
- Market
Size & Forecast (2023-2030), By Indication, USD Million
- Functional
Mitral Regurgitation (FMR)
- Degenerative
Mitral Regurgitation (DMR)
- Market
Size & Forecast (2023-2030), By End User, USD Million
- Hospitals
- Ambulatory
Surgical Centers (ASCs)
- Cardiac
Catheterization Laboratories
- Others
- Market
Size & Forecast (2023-2030), By Region, USD Million
- North
America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest
of Europe
- Asia
Pacific
- China
- India
- Japan
- Rest
of Asia Pacific
- Latin
America
- Middle
East & Africa
About Medi-Tech Insights
Medi-Tech Insights is a healthcare-focused business research
& insights firm. Our clients include Fortune 500 companies, blue-chip
investors & hyper-growth start-ups. We have completed 100+ projects in
Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma
Services in the areas of market assessments, due diligence, competitive
intelligence, market sizing and forecasting, pricing analysis & go-to-market
strategy. Our methodology includes rigorous secondary research combined with
deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side
decision-makers.
Contact:
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
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