[Latest] Global Mitral Valve Disease Market Size/Share

Austin, TX, USA, July 25, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Mitral Valve Disease Market Size, Trends and Insights By Treatment Type (Mitral Valve Repair, Mitral Valve Replacement, Cardiac Resynchronization Therapy, Mitral Valve Therapeutics), By Indication (Mitral Valve Stenosis, Mitral Valve Prolapse, Mitral Valve Regurgitation), By End User (Hospitals, Ambulatory Surgical Centres, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Mitral Valve Disease Market size & share was valued at approximately USD 2.9 Billion in 2022 and is expected to reach USD 3.2 Billion in 2023 and is expected to reach a value of around USD 6.1 Billion by 2032, at a compound annual growth rate (CAGR) of about 8.5% during the forecast period 2023 to 2032.”

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Mitral Valve Disease Market: Growth Factors and Dynamics

Aging Population: The market experiences substantial growth due to the global demographic shift towards an aging population. The risk of developing mitral valve disease increases, creating a greater demand for diagnosis, treatment, and management solutions to address this prevalent cardiac condition.

Increasing Prevalence: The rising incidence of mitral valve disease, encompassing mitral regurgitation and mitral stenosis, contributes significantly to market expansion. Aging populations and lifestyle changes play a pivotal role in the higher occurrence of this cardiac condition.

Collaboration and Partnerships: Collaborations between healthcare providers, research institutions, and medical device companies drive advancements in the field of mitral valve disease. Collaborative efforts facilitate knowledge sharing, clinical trials, and the development of innovative treatment approaches, ultimately benefiting patients and fostering market growth.

Technological Advancements: Continuous advancements in medical technologies, such as minimally invasive procedures, transcatheter mitral valve repair (TMVR), and innovative valve replacement devices, broaden treatment options and attract patients seeking advanced and less invasive interventions.

Rising Healthcare Expenditure: The upward trend in healthcare spending, coupled with improved access to medical facilities and cutting-edge therapies, further supports the growing demand for effective treatments for mitral valve disease.

Favourable Reimbursement Policies: Government initiatives and favourable reimbursement policies for cardiac treatments encourage patients to seek timely medical intervention, thereby positively impacting market growth.

Growing Awareness: Heightened awareness campaigns focusing on mitral valve disease, early diagnosis initiatives, and educational programs drive increased patient screenings and encourage early interventions, contributing to market expansion.

Lifestyle Changes: Modern lifestyle habits, including sedentary lifestyles, poor dietary choices, and smoking, contribute to the increasing prevalence of risk factors for mitral valve disease. Addressing lifestyle factors and promoting healthier habits become crucial in preventing and managing the condition, further driving the demand for medical interventions.

Advancements in Diagnostic Technologies: The continuous advancements in diagnostic technologies, such as echocardiography, cardiac MRI, and 3D imaging, enable more accurate and early detection of mitral valve disease. Early diagnosis allows for timely interventions and improved patient outcomes, prompting healthcare providers to invest in these innovative diagnostic tools.

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Mitral Valve Disease Market: Partnership and Acquisitions

Micro Interventional Devices, Inc. and Lepu Medical Technology (Beijing) Co., Ltd.: In 2018, Micro Interventional Devices and Lepu Medical Technology collaborated to develop novel solutions for mitral valve disease treatment. The partnership aimed to combine Micro Interventional Devices’ expertise in minimally invasive technologies with Lepu Medical Technology’s market presence and distribution capabilities.

Abbott Laboratories and Cibiem Inc.: In 2021, Abbott Laboratories entered into a partnership with Cibiem Inc. to explore innovative therapies for heart failure, including potential applications for mitral valve disease management. The collaboration sought to harness Cibiem’s expertise in cardiovascular medical devices and Abbott’s research capabilities to address unmet needs in the market.

Boston Scientific Corporation acquires Symetis SA: In 2017, Boston Scientific acquired Symetis, a company specializing in transcatheter aortic valve replacement (TAVR) systems. The acquisition expanded Boston Scientific’s portfolio of valvular disease solutions, including potential synergies for mitral valve disease treatments.

Edwards Lifesciences Corporation acquires CardiAQ Valve Technologies, Inc.: In 2017, Edwards Lifesciences acquired CardiAQ Valve Technologies, a company focused on developing transcatheter mitral valve replacement technology. The acquisition complemented Edwards Lifesciences’ existing mitral valve product line and reinforced its commitment to advancing mitral valve disease treatments.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 3.2 Billion
Projected Market Size in 2032	USD 6.1 Billion
Market Size in 2022	USD 2.9 Billion
CAGR Growth Rate	8.5% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Treatment Type, Indication, End User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Mitral Valve Disease report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Mitral Valve Disease report has been modified to include the COVID-19 impact study prior to delivery.)

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Mitral Valve Disease Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Mitral Valve Disease Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Delayed Diagnosis and Treatment: During the pandemic, many non-urgent medical appointments were postponed or cancelled, leading to delayed diagnosis and treatment of mitral valve disease cases. Patients might have hesitated to seek medical care due to fear of infection or overwhelmed healthcare systems.

Disruptions in Medical Device Supply Chain: The global pandemic caused disruptions in the medical device supply chain, affecting the availability and distribution of cardiac implants, transcatheter mitral valve repair devices, and other essential equipment used in mitral valve disease management.

Resumed Medical Services: As the pandemic subsides and healthcare facilities resume normal operations, the Mitral Valve Disease Market experiences increased patient flow, enabling timely diagnosis, treatment, and follow-up care.

Telemedicine and Remote Monitoring: The pandemic accelerated the adoption of telemedicine and remote monitoring technologies. Integrating these solutions into post-pandemic care facilitates virtual consultations, remote patient monitoring, and timely medical advice for mitral valve disease patients.

Innovation and Digital Solutions: The healthcare industry is embracing digital health solutions, such as remote patient monitoring devices and virtual healthcare platforms, which enhance patient engagement and enable personalized care for individuals with mitral valve disease.

Focus on Preventive Care: The pandemic heightened awareness of health risks, leading to a renewed focus on preventive care. Healthcare providers promote lifestyle modifications, including healthy diet and exercise, to address risk factors for mitral valve disease and reduce disease burden.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Mitral Valve Disease Market, with some challenges and opportunities arising from the pandemic. Manufacturers and retailers need to remain agile and adapt to the changing market conditions to overcome these challenges and capitalize on new growth opportunities.

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Key questions answered in this report:

What is the size of the Mitral Valve Disease market and what is its expected growth rate?
What are the primary driving factors that push the Mitral Valve Disease market forward?
What are the Mitral Valve Disease Industry's top companies?
What are the different categories that the Mitral Valve Disease Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Mitral Valve Disease market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Mitral Valve Disease Market:

Abbott Laboratories
Medtronic plc
Edwards Lifesciences Corporation
Boston Scientific Corporation
LivaNova PLC
Micro Interventional Devices Inc.
XELTIS AG
Lepu Medical Technology (Beijing) Co. Ltd.
CryoLife Inc.
Colibri Heart Valve LLC
Others

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Mitral Valve Disease Market – Regional Analysis

The Mitral Valve Disease Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, a key trend in the Mitral Valve Disease Market is the rapid adoption of transcatheter mitral valve repair and replacement technologies. The region is witnessing significant advancements in minimally invasive procedures, leading to improved patient outcomes and reduced hospital stays. Dominating market players in North America include Edwards Lifesciences Corporation, Abbott Laboratories, Medtronic plc, and Boston Scientific Corporation, which have established strong market positions and offer a wide range of mitral valve disease solutions.

Europe: In Europe, the trend of increasing investment in research and development of novel mitral valve disease therapies is prominent. European countries are focused on developing innovative medical devices and treatment options, such as tissue-engineered heart valves and personalized medicine approaches. Dominating market players in Europe include Medtronic plc, Edwards Lifesciences Corporation, Boston Scientific Corporation, and LivaNova PLC, which have a significant presence and drive advancements in the region’s market.

Asia-Pacific: In this region, there is a noticeable trend of healthcare infrastructure expansion and increased awareness of mitral valve disease. The region’s aging population and lifestyle-related risk factors contribute to a rising demand for cardiac care services and treatments. Key market players in Asia-Pacific, such as LivaNova PLC, Medtronic plc, Edwards Lifesciences Corporation, and Terumo Corporation, have strategically invested to cater to the growing market needs and seize emerging opportunities in the region.

LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the trend of improving access to mitral valve disease treatments and building partnerships with international medical device companies is notable. The region faces unique challenges related to healthcare infrastructure and resources, prompting collaboration between local and global players. Dominating market players in LAMEA include Medtronic plc, Edwards Lifesciences Corporation, LivaNova PLC, and Boston Scientific Corporation, which are actively engaged in strengthening their presence and market share in this region.

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The Mitral Valve Disease Market is segmented as follows:

By Treatment Type

Mitral Valve Repair
Mitral Valve Replacement
Cardiac Resynchronization Therapy
Mitral Valve Therapeutics

By Indication

Mitral Valve Stenosis
Mitral Valve Prolapse
Mitral Valve Regurgitation

By End User

Hospitals
Ambulatory Surgical Centres
Others

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By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Mitral Valve Disease Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Mitral Valve Disease Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Mitral Valve Disease Market? What Was the Capacity, Production Value, Cost and PROFIT of the Mitral Valve Disease Market?
What Is the Current Market Status of the Mitral Valve Disease Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Mitral Valve Disease Market by Considering Applications and Types?
What Are Projections of the Global Mitral Valve Disease Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Mitral Valve Disease Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Mitral Valve Disease Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Mitral Valve Disease Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Mitral Valve Disease Industry?

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Reasons to Purchase Mitral Valve Disease Market Report

Mitral Valve Disease Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Mitral Valve Disease Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Mitral Valve Disease Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Mitral Valve Disease Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Mitral Valve Disease market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Mitral Valve Disease market analysis.

The competitive environment of current and potential participants in the Mitral Valve Disease market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Mitral Valve Disease market should find this report useful. The research will be useful to all market participants in the Mitral Valve Disease industry.
Managers in the Mitral Valve Disease sector are interested in publishing up-to-date and projected data about the worldwide Mitral Valve Disease market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Mitral Valve Disease products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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