Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Tricuspid Valve Repair Systems Market: By Indication, By Procedure Type, By Approach By End User and Geography
Tricuspid Valve Repair Systems Market size was valued at US$ 695.2 million in 2023 and is projected to grow at 5.9% CAGR over the forecast years to reach US$ 1038.4 million by 2030. The market is experiencing significant growth, driven by several factors such as the increased incidence of tricuspid valve diseases, advancements in medical technology, growing geriatric population, growing awareness of heart valve disorders, and increasing preference for minimally invasive procedures. The rising prevalence of tricuspid valve diseases, driven by several factors such as heart failure, drug abuse, pulmonary hypertension, and age-related degeneration, also encourages high growth. Conditions such as regurgitation and Stenosis are relatively rare, moderate or severe tricuspid regurgitation has an estimated prevalence of 0.55% in the United States, with a higher incidence in women and increasing age. Tricuspid valve repair helps maintain the natural function of the tricuspid valve, reducing the risk of infections, enhancing the survival rate of patients, and relieving fatigue, shortness of breath, and swelling in the leg and abdominal regions.
Besides this, the rising awareness among people regarding the early treatment of diseases associated with the tricuspid valve, to avoid future complications such as heart failure, arrhythmias, edema, blood clots, strokes, and atrial fibrillation, has become yet another factor boosting its growth. Despite the growth, some of the constraints such as the high cost of procedures and devices, regulatory hurdles, and limited awareness and accessibility are constraints that hinder the market growth. By addressing the existing constraints and capitalizing on emerging opportunities such as technological advancements, emerging markets, focus on reimbursement, and clinical trials and research the market can witness significant growth. Shift toward minimally invasive procedures, focus on personalized medicine, technological convergence, and focus on value-based care are the trends that can shape the market in the future.
Study Period
2024-2030Base Year
2023CAGR
5.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The tricuspid valve repair systems market is growing due to the growing requirement for various minimally invasive procedures, like transcatheter tricuspid valve repair, which minimizes blood loss, pain, and hospital stay while offering quicker recovery, is boosting the growth of this market. Besides, three-dimensional printing technology in the development of patient-specific implants and devices for tricuspid valve repair procedures further provides better fitting and improves surgical outcomes, boosting market growth.
Various government initiatives aimed at providing better coverage for tricuspid valve repair procedures and improving patient access to high-end surgical facilities are setting up a bright outlook for the market. Other factors that are expected to drive the growth of the market are the rising demand for robot-assisted surgeries, immense growth in the healthcare industry, growing investments in the research and development of advanced procedures, and the increasing geriatric population.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 695.2 million |
Market Size in 2030 |
US$ 1038.4 million |
Market CAGR |
5.9% |
By Indication |
|
By Procedure Type |
|
By Approach |
|
By End Users |
|
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The tricuspid valve repair systems market was valued at US$ 695.2 million in 2023 and is projected to grow at 5.9% CAGR over the forecast years to reach US$ 1038.4 million by 2030.
• Increased incidence of tricuspid valve diseases
• Advancements in medical technology
• Growing geriatric population
• Growing awareness of heart valve disorders
• Increasing preference for minimally invasive procedures.
• High cost of procedures and devices
• Regulatory hurdles
• Limited awareness and accessibility
• Shift toward minimally invasive procedures
• Focus on personalized medicine
• Technological convergence
• Focus on value-based care
Asia-Pacific is the fastest-growing region in the tricuspid valve repair systems market.
1.Executive Summary |
2.Global Tricuspid Valve Repair Systems Market Introduction |
2.1.Global Tricuspid Valve Repair Systems Market - Taxonomy |
2.2.Global Tricuspid Valve Repair Systems Market - Definitions |
2.2.1. Indication |
2.2.2. Procedure Type |
2.2.3.Approach |
2.2.4.End Users |
2.2.5.Region |
3.Global Tricuspid Valve Repair Systems Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Tricuspid Valve Repair Systems Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Tricuspid Valve Repair Systems Market By Indication, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Tricuspid Valve Regurgitation |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value 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. Tricuspid Valve Stenosis |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value 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 Tricuspid Valve Repair Systems Market By Procedure Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Surgical Repair |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value 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. Transcatheter Repair |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7.Global Tricuspid Valve Repair Systems Market By Approach, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Traditional |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value 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. Minimally Invasive |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8.Global Tricuspid Valve Repair Systems Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Hospitals |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value 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. Ambulatory Surgical Centres |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9.Global Tricuspid Valve Repair Systems Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Tricuspid Valve Repair Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Indication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Tricuspid Valve Regurgitation |
10.1.2.Tricuspid Valve Stenosis |
10.2. Procedure Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Surgical Repair |
10.2.2.Transcatheter Repair |
10.3. Approach Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Traditional |
10.3.2.Minimally Invasive |
10.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Hospitals |
10.4.2.Ambulatory Surgical Centres |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Tricuspid Valve Repair Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Indication Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Tricuspid Valve Regurgitation |
11.1.2.Tricuspid Valve Stenosis |
11.2. Procedure Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Surgical Repair |
11.2.2.Transcatheter Repair |
11.3. Approach Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Traditional |
11.3.2.Minimally Invasive |
11.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Hospitals |
11.4.2.Ambulatory Surgical Centres |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Tricuspid Valve Repair Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Indication Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Tricuspid Valve Regurgitation |
12.1.2.Tricuspid Valve Stenosis |
12.2. Procedure Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Surgical Repair |
12.2.2.Transcatheter Repair |
12.3. Approach Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Traditional |
12.3.2.Minimally Invasive |
12.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Hospitals |
12.4.2.Ambulatory Surgical Centres |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Tricuspid Valve Repair Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Indication Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Tricuspid Valve Regurgitation |
13.1.2.Tricuspid Valve Stenosis |
13.2. Procedure Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Surgical Repair |
13.2.2.Transcatheter Repair |
13.3. Approach Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Traditional |
13.3.2.Minimally Invasive |
13.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Hospitals |
13.4.2.Ambulatory Surgical Centres |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Tricuspid Valve Repair Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Indication Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Tricuspid Valve Regurgitation |
14.1.2.Tricuspid Valve Stenosis |
14.2. Procedure Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Surgical Repair |
14.2.2.Transcatheter Repair |
14.3. Approach Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Traditional |
14.3.2.Minimally Invasive |
14.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Hospitals |
14.4.2.Ambulatory Surgical Centres |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Edwards Lifesciences Corp. |
15.2.2.Abbott |
15.2.3.Medtronic |
15.2.4.Corcym |
15.2.5.Valtech Cardio Ltd. |
15.2.6.Sorin S.p.A. |
15.2.7.CroiValve |
15.2.8.Cardia Implant LLC |
15.2.9.LivaNova PLC |
15.2.10.Cyberonics Inc. |
15.2.11.Boston Scientific Corporation |
15.2.12.Micro Interventional Devices Inc. |
15.2.13.4Tech Inc. |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players