Transcatheter Mitral Valve Replacement Market: By Product Type, By Application, By End User, and Geography

Transcatheter Mitral Valve Replacement Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Transcatheter Mitral Valve Replacement, Transcatheter Mitral Valve Repair), By Application (Mitral Stenosis, Mitral Regurgitation, Mitral Valve Prolapse), By End User (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories), and Region

Transcatheter Mitral Valve Replacement Market size was valued at US$ 1,025.3 million in 2023 and is poised to grow at a significant CAGR of 6.7% over 2024-2030. The most common anomaly in the world is mitral regurgitation, and the frequency of the condition is rising in the elderly population. According to research by the National Center for Biotechnology Information (NCBI), there are currently 1.3 million adult sufferers of mitral regurgitation in the United States. The need for transcatheter mitral valves is being driven by transcatheter mitral valve replacement (TMVR), which has become a therapeutic alternative for the treatment of mitral regurgitation in patients at high or prohibitive surgical risk.

Furthermore, the prevalence of degenerative primary mitral regurgitation and ischemia functional secondary mitral regurgitation is driving the rising demand for transcatheter mitral valves. Transcatheter aortic valve replacement (TAVR) has been approved for patients of all risk groups due to developments in transcatheter technologies that have revolutionized how aortic valve disease is treated. Increased frequency of mitral valve disease among the elderly population is another effect of rising life expectancy in developed nations.

However, due to anatomical limitations or higher surgical risks, traditional therapeutic techniques may not be appropriate for older persons. Medical researchers and the transcatheter medicines sector are proliferating to create a new transcatheter method for mitral valve replacement. Due to transcatheter treatment's less intrusive nature, common risks associated with surgery can also be avoided, allowing for symptomatic alleviation without increasing early perioperative risk. Most patients with symptomatic severe mitral regurgitation are not candidates for conventional surgery because of their high-risk factors and the lack of data demonstrating how a procedure affects challenging outcomes.

Additionally, the market is anticipated to grow in the upcoming years due to technical developments and the release of new mitral valves. Additionally, it is expected that the market will be driven by the growing elderly population and the rising need for more minor invasive procedures for high-risk patients during the estimated period. New market prospects are presented by increased healthcare spending and the advent of cardiovascular illnesses in developing nations.

Transcatheter Mitral Valve Replacement Market Recent Key Developments

  • In March 2022, Edwards Lifesciences received approval from the U.S. Food and Drug Administration (FDA) for its MITRIS RESILIA valve. It is a tissue valve replacement which is specifically designed for the heart's mitral position.
  • In April 2020, Abbott received the CE Mark approval for its Tendyne Transcatheter Mitral Valve Implantation System and TriClip Transcatheter Tricuspid Valve Repair System under its structural heart device portfolio.
  • In September 2021, the U.S. Food and Drug Administration (FDA) approved Abbotts Epic Plus and Epic Plus Supra Stented Tissue Valves to boost treatment options for individuals with aortic or mitral valve disease.

Transcatheter Mitral Valve Replacement Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

N/A

Largest Market

North-America

Fastest Growing Market

North-America

Transcatheter Mitral Valve Replacement Market Dynamics

The rising number of people addicted to smoking is expected to impact the transcatheter mitral valve replacement market's growth. Dysphagia is one of the most dangerous side effects of smoking cigarettes for a lengthy period. While tobacco usage kills nearly 6 million people each year, the rising prevalence of oropharyngeal cancer drives the dysphagia market forward. The market's expansion is projected to be restrained by the side effects and pain of dysphagia medications and tubes. Long-term use of dysphagia medicines like proton pump inhibitors is linked to a higher risk of hip fracture due to decreased calcium and iron absorption, as well as an increased risk of opportunistic infections with S. pneumoniae and C. difficult due to weakened natural gut flora.

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Transcatheter Mitral Valve Replacement Market Introduction
2.1. Global Transcatheter Mitral Valve Replacement Market – Taxonomy
2.2. Global Transcatheter Mitral Valve Replacement Market –Definitions
2.2.1. Product Type
2.2.2. Application
2.2.3. End User
2.2.4. Region
3. Global Transcatheter Mitral Valve Replacement Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Transcatheter Mitral Valve Replacement Market Dynamic Factors - Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios - Pessimistic, Conservative and Opportunistic
3.8. Mapping Market Players Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations and Mergers
4. Global Transcatheter Mitral Valve Replacement Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Transcatheter Mitral Valve Replacement Market Forecast, By Product Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
5.1. Transcatheter Mitral Valve Replacement
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Transcatheter Mitral Valve Repair
5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Transcatheter Mitral Valve Replacement Market Forecast, By Application, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
6.1. Mitral Stenosis
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Mitral Regurgitation
6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Mitral Valve Prolapse
6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Transcatheter Mitral Valve Replacement Market Forecast, By End User, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Ambulatory Surgical Centers
7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Cardiac Catheterization Laboratories
7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Transcatheter Mitral Valve Replacement Market Forecast, By Region, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
8.1. North America
8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Transcatheter Mitral Valve Replacement Market - Opportunity Analysis Index, By Product Type, Application, End User, and Region, 2022 - 2028
9. North America Transcatheter Mitral Valve Replacement Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
9.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Transcatheter Mitral Valve Replacement
9.1.2. Transcatheter Mitral Valve Repair
9.2. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Mitral Stenosis
9.2.2. Mitral Regurgitation
9.2.3. Mitral Valve Prolapse
9.3. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Hospitals
9.3.2. Ambulatory Surgical Centers
9.3.3. Cardiac Catheterization Laboratories
9.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
9.4.1. U.S.
9.4.2. Canada
9.5. North America Transcatheter Mitral Valve Replacement Market - Opportunity Analysis Index, By Product Type, Application, End User, and Country, 2022 - 2028
9.6. North America Transcatheter Mitral Valve Replacement Market Dynamics – Trends
10. Europe Transcatheter Mitral Valve Replacement Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
10.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Transcatheter Mitral Valve Replacement
10.1.2. Transcatheter Mitral Valve Repair
10.2. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Mitral Stenosis
10.2.2. Mitral Regurgitation
10.2.3. Mitral Valve Prolapse
10.3. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hospitals
10.3.2. Ambulatory Surgical Centers
10.3.3. Cardiac Catheterization Laboratories
10.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Europe Transcatheter Mitral Valve Replacement Market - Opportunity Analysis Index, By Product Type, Application, End User, and Country, 2022 - 2028
10.6. Europe Transcatheter Mitral Valve Replacement Market Dynamics – Trends
11. Asia-Pacific Transcatheter Mitral Valve Replacement Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
11.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Transcatheter Mitral Valve Replacement
11.1.2. Transcatheter Mitral Valve Repair
11.2. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Mitral Stenosis
11.2.2. Mitral Regurgitation
11.2.3. Mitral Valve Prolapse
11.3. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hospitals
11.3.2. Ambulatory Surgical Centers
11.3.3. Cardiac Catheterization Laboratories
11.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Rest of Asia-Pacific
11.5. Asia-Pacific Transcatheter Mitral Valve Replacement Market - Opportunity Analysis Index, By Product Type, Application, End User, and Country, 2022 - 2028
11.6. Asia-Pacific Transcatheter Mitral Valve Replacement Market Dynamics – Trends
12. Latin America Transcatheter Mitral Valve Replacement Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
12.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Transcatheter Mitral Valve Replacement
12.1.2. Transcatheter Mitral Valve Repair
12.2. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Mitral Stenosis
12.2.2. Mitral Regurgitation
12.2.3. Mitral Valve Prolapse
12.3. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hospitals
12.3.2. Ambulatory Surgical Centers
12.3.3. Cardiac Catheterization Laboratories
12.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of Latin America
12.5. Latin America Transcatheter Mitral Valve Replacement Market - Opportunity Analysis Index, By Product Type, Application, End User, and Country, 2022 - 2028
12.6. Latin America Transcatheter Mitral Valve Replacement Market Dynamics – Trends
13. Middle East and Africa Transcatheter Mitral Valve Replacement Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Million)
13.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Transcatheter Mitral Valve Replacement
13.1.2. Transcatheter Mitral Valve Repair
13.2. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Mitral Stenosis
13.2.2. Mitral Regurgitation
13.2.3. Mitral Valve Prolapse
13.3. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hospitals
13.3.2. Ambulatory Surgical Centers
13.3.3. Cardiac Catheterization Laboratories
13.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Saudi Arabia
13.4.2. GCC Countries
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Transcatheter Mitral Valve Replacement Market - Opportunity Analysis Index, By Product Type, Application, End User, and Country, 2022 - 2028
13.6. MEA Transcatheter Mitral Valve Replacement Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Type Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Abbott Laboratories
14.2.2. Edward Lifesciences
14.2.3.  HLT Medical
14.2.4.  LivaNova Plc
14.2.5. Medtronic Plc
14.2.6. Neovasc Inc.
14.2.7. NeoChord
14.2.8. Venus Medtech
14.2.9. MValve Technologies
14.2.10. Innoveheart SRL
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

 

  • Berry Global Inc.
  • Amcor Ltd.
  • Sonoco Product Company
  • Genpak LLC
  • Pactiv LLC
  • Palcon Corporation
  • Alpha Packaging Holdings Inc.

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