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Annuloplasty ring is a ring or a band that is stitched at the base of the heart valve to extend support and to reshape the valve. Annuloplasty rings can be made of various durable materials such as metal, plastic, or fabric. They are available in flexible, rigid, or semi-rigid forms. They are sheathed in cloth-like material, polyester, or Dacron. Annuloplasty rings are available in different sizes. The appropriate ring size is determined as per the patient’s mitral valve dimensions. The annuloplasty ring acts as a replacement for the unhealthy valve and aids in proper functioning of the heart valve. Due to the natural aging process or affliction of a disease, the tissue that supports the heart valve at its opening can grow weak or degenerate. The annuloplasty ring strengthens or reshapes the valve at the base of the heart, assisting the heart in its regular pumping motion. Annuloplasty ring is an elementary part in the mitral valve repair. These rings and bands are designed to hold the natural shape, motion, and flexibility of the annulus. Depending on the kind of repair needed, partial band or a complete ring is used.

The rise in elderly population across the world and sharp increase in the incidence of cardiovascular diseases are fueling the global market for annuloplasty rings. According to the WHO, cardiovascular diseases is the leading cause of death worldwide, which claims around 17.7 million lives every year. Rapid technological advancements and high adoption of and awareness about heart valve procedures among patients are anticipated to boost the growth of the global annuloplasty rings market during the forecast period. The demand for minimally invasive procedures has been increasing. There are options of custom made annuloplasty rings available combined with maximum safety, creating immense growth opportunities for the global annuloplasty rings market. While rings and bands currently available are very resistant and they can treat an extensive array of valvular disorders, there is a scope to enhance applicability, durability, and biocompatibility and to reduce cost. High cost of the procedure and the stringent process for approval of devices are factors expected to hamper the global market for annuloplasty rings from 2017 to 2025.

The global annuloplasty rings market can be segmented based on type, application, end-user, and region. In terms of type, the market can be segmented into flexible annuloplasty rings, rigid annuloplasty rings, and semi-rigid annuloplasty rings. In terms of application, the annuloplasty rings market can be segmented into mitral valve annuloplasty, tricuspid valve annuloplasty, and aortic valve annuloplasty. Mitral valve annuloplasty is a fairly common technique, used worldwide to repair faulty mitral valves and to enhance their durability. Tricuspid valve annuloplasty is primarily used in combination with other valve surgeries and its use has been steadily increasing over the last few years. Aortic valve annuloplasty has also gained acceptance from being an occasional procedure to becoming a consistent treatment recourse.  Aortic valve annuloplasty has gained acceptance from being an uncommon procedure to now a regularly used treatment recourse. Based on end-user, the annuloplasty rings market can be segmented into hospitals, ambulatory surgery centers, and specialty clinics.

In terms of region, the global annuloplasty rings market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market owing to growing incidence of valve regurgitation and stenosis among people in the region, resulting in increased investment in research and development activities. North America is closely followed by Europe, owing to rise in the prevalence of various valvular disorders in the region.

Key players operating in the global annuloplasty rings market are Medtronic, Edwards Lifesciences Corporation, Abbott, LivaNova PLC, Braile Biomédica, and Labcor Laboratórios Ltda.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Annuloplasty Rings Market

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