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Global Transcatheter Mitral Valve Repair & Replacement Market: Overview

Mitral valve is positioned between the left atrium and left ventricle. In mitral valve disorder, the valve does not function properly, leading to erratic blood flow. This irregular blood flow can result in disorders such as mitral valve prolapse or mitral valve regurgitation. Transcatheter mitral valve repair and replacement methods are gaining traction owing to technological advancements in valve therapy. Transcatheter mitral valve replacement can be used as an alternative to open-heart surgery and is helpful in the treatment of mitral valve stenosis, mitral valve prolapse, and mitral valve regurgitation.

Global Transcatheter Mitral Valve Repair & Replacement Market: Key Trends

Factors such as increase in the geriatric population, rise in the number of pipeline devices, and high prevalence of mitral valve disorders fuel the growth of the global transcatheter mitral valve repair & replacement market. Additionally, technological advancements and introduction of novel mitral valves boost market growth. However, strict regulations set by governing bodies, high cost of mitral valve surgeries, and high risk factors linked with these procedures are the major restraints of the market. In the developing countries, an increase in healthcare expenditure and advent of cardiovascular disorders will result in development of productive opportunities for major market players.

Global Transcatheter Mitral Valve Repair & Replacement Market: Segmentation

The global transcatheter mitral valve repair & replacement market can be segmented based on product, indication, and region. In terms of product, the market can be bifurcated into mechanical valves and bioprosthetic tissue valves. Based on indication, the global transcatheter mitral valve repair & replacement market can be divided into mitral valve stenosis, mitral valve prolapse, and mitral valve regurgitation.

Based on product, the mechanical valves segment is anticipated to account for the largest market share during the forecast period owing to advantages of these valves such as increased durability, minimal chances of complication, and infection after implantation procedure. In terms of indication, the mitral valve stenosis segment dominated the global market in 2017. However, the mitral valve regurgitation segment is expected to expand at the highest CAGR during the forecast period due to recurrent occurrence of mitral valve regurgitation among the geriatric patient population and sudden deaths due to mitral valve regurgitation.

Global Transcatheter Mitral Valve Repair & Replacement Market: Regional Analysis

In terms of region, the global transcatheter mitral valve repair & replacement market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to capture major market share owing to the presence of a large patient population and well-established medical reimbursement policy. Moreover, advanced health care infrastructure and rise in awareness about mitral valve diseases fuels the growth of the market in the region.

However, the transcatheter mitral valve repair & replacement market in Asia Pacific is expected to expand at a high CAGR in the next years, as major players are increasing presence and expanding manufacturing facilities in the region. For instance, in March 2011, Medtronic inaugurated a new manufacturing facility in Singapore in order to meet high demand for cardiac devices in this region. Hence, these factors are expected to propel the market in the region.

Global Transcatheter Mitral Valve Repair & Replacement Market: Competitive Landscape

Major players in the global transcatheter mitral valve repair & replacement market include HLT Medical, Abbott Laboratories, Neovasc, Inc., Biotronik Pvt. Ltd., LLC, Edward Lifesciences, LivaNova plc, Colibri Heart Valve, Medtronic plc, and NeoChord. Other players include MValve Technologies, Transcatheter Technologies GmbH, Venus Medtech, and Mardil Medical.

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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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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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Transcatheter Mitral Valve Repair Replacement Market