Global Valvular Heart Disease Treatment Market By Treatment (Medication, Surgical Treatment), By End-User (Hospitals and Clinics, Ambulatory Surgical Centers), By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Valvular Heart Disease Treatment Market By Treatment (Medication, Surgical Treatment), By End-User (Hospitals and Clinics, Ambulatory Surgical Centers), By Geographic Scope And Forecast
Valvular Heart Disease Treatment Market Size And Forecast
Valvular Heart Disease Treatment Market size was valued at USD 1.8 Billion in 2023 and is projected to reach USD 6.44 Billion by 2031, growing at a CAGR of 13.4 % during the forecast period 2024-2031.
Global Valvular Heart Disease Treatment Market Drivers
The market drivers for the Valvular Heart Disease Treatment Market can be influenced by various factors. These may include
- Prevalence of Valvular Heart DiseaseThe need for treatment alternatives is driven by the prevalence of valvular heart disease, which includes disorders like aortic stenosis and mitral regurgitation.
- Ageing PopulationThe incidence of valvular heart disease seems to rise with population ageing. Heart valve degenerative changes are common with ageing and increase the need for treatment.
- Technological developmentsThe market has grown as a result of improvements in patient outcomes and treatment options brought about by minimally invasive treatments like transcatheter mitral valve repair (TMVR) and transcatheter aortic valve replacement (TAVR).
- Growing Healthcare SpendingMore access to cutting-edge valvular heart disease therapies is made possible by rising healthcare spending, especially in industrialised nations.
- Education and AwarenessRaising valvular heart disease awareness among patients and medical professionals encourages early diagnosis and start of treatment, which propels market expansion.
- Regulatory EnvironmentModifications to pharmaceutical and medical device approval procedures and regulatory frameworks may have an effect on market dynamics and the accessibility and uptake of novel treatments.
- Collaborative EffortsResearcher, healthcare provider, and industry stakeholders working together to produce novel therapies and technology that propel market expansion.
- Healthcare InfrastructureAccess to therapies for valvular heart disease is improved by improvements in healthcare infrastructure, especially in emerging nations, which promotes market expansion.
- Risk factorsThe need for treatment options is fueled by factors like diabetes, hypertension, and obesity, which are linked to an elevated risk of valvular heart disease.
- Patient PreferencesThe acceptance of particular treatment methods is influenced by patient preferences for less invasive procedures that have shorter recovery periods and fewer complications, which shapes market trends.
Global Valvular Heart Disease Treatment Market Restraints
Several factors can act as restraints or challenges for the Valvular Heart Disease Treatment Market. These may include
- High Treatment CostsPatients with insufficient insurance coverage or financial means may not be able to afford procedures such as transcatheter aortic valve replacement (TAVR) or valve replacement surgery because of their high cost.
- Limited AwarenessA large number of people who have valvular heart disease may not be aware of the symptoms or the significance of receiving treatment and diagnosis as soon as possible, which can cause care to be delayed or insufficient.
- Strict Regulatory RequirementsDeveloping novel therapies or medical devices for valvular heart disease necessitates managing intricate regulatory procedures, which can raise development costs and lengthen time to market.
- Risk of ComplicationsCertain treatment options, such surgical valve replacement, come with a risk of bleeding, infection, and anesthesia-related side effects. Because of this, some patients or doctors may decide not to pursue these procedures.
- Technological ChallengesWhile less invasive techniques and device technologies have improved treatment outcomes, there are still constraints to be addressed. These include device durability, sizing alternatives, and compatibility with varying patient anatomy. These will require continued research and development.
- Limited Healthcare InfrastructureDisparities in access to care may result from a lack of specialised healthcare facilities or skilled medical personnel qualified to carry out sophisticated valvular operations in some areas, particularly in developing nations.
- Changing Healthcare PoliciesModifications to insurance coverage or reimbursement guidelines may have an impact on the cost and availability of valvular heart disease treatments, potentially restricting alternatives for certain patients.
- Population AgeingAs people get older, valvular heart disease is becoming more common, which puts more strain on healthcare systems and resources for diagnosis and treatment.
Global Valvular Heart Disease Treatment Market Segmentation Analysis
The Global Valvular heart disease treatment Market is segmented on the Basis of Treatment, End-User, And Geography.
Valvular Heart Disease Treatment Market, By Treatment
- MedicationPharmaceutical treatments aimed at managing symptoms and slowing the progression of valvular heart disease. Medications may include beta-blockers, ACE inhibitors, diuretics, and anticoagulants.
- Surgical TreatmentInvasive procedures performed to repair or replace damaged heart valves. Surgical options include valve repair, valve replacement (mechanical or bioprosthetic valves), and minimally invasive techniques like transcatheter valve replacement (TAVR) or repair (TMVR).
- Transcatheter Valve TherapyInnovative minimally invasive procedures involving the implantation of prosthetic valves using catheter-based techniques, such as transcatheter aortic valve replacement (TAVR) or transcatheter mitral valve repair (TMVR).
- Balloon ValvuloplastyA non-surgical procedure involving the insertion of a catheter with a balloon at its tip to dilate a narrowed heart valve, improving blood flow.
Valvular Heart Disease Treatment Market, By End-User
- Hospitals and ClinicsHealthcare facilities where patients receive diagnostic evaluation, medical management, and surgical interventions for valvular heart disease.
- Ambulatory Surgical CentersOutpatient facilities equipped to perform minimally invasive procedures like transcatheter valve therapies and balloon valvuloplasty.
- Cardiac Catheterization LaboratoriesSpecialized units within hospitals or clinics dedicated to performing diagnostic and interventional procedures for cardiovascular conditions.
Valvular Heart Disease Treatment Market, By Geography
- North AmericaIncluding the United States and Canada, characterized by advanced healthcare infrastructure, significant investments in research and development, and a high prevalence of valvular heart disease.
- EuropeEncompassing countries like Germany, the UK, and France, known for their well-established healthcare systems and growing adoption of minimally invasive cardiac procedures.
- Asia-PacificWitnessing rapid growth in healthcare expenditure, increasing prevalence of cardiovascular diseases, and adoption of advanced treatment modalities.
- Latin AmericaEmerging market with improving healthcare infrastructure and rising awareness about cardiovascular diseases and their management.
- Middle East & AfricaExperiencing a growing burden of cardiovascular diseases and increasing access to cardiac care facilities, driving the demand for valvular heart disease treatment options.
Key players
The “Global Valvular Heart Disease Treatment Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Boston Scientific Corporation, B. Braun Melsungen AG, Abbott Laboratories, Medtronic Plc, CryoLife Inc., LivaNova Plc, Micro Interventional Devices Inc, Edwards Lifesciences Corporation, Braile Biomédica, Lepu Medical Technology (Beijing) Co., Ltd., Neovasc Inc., Colibri Heart Valve, LLC.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2020-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Boston Scientific Corporation, B. Braun Melsungen AG, Abbott Laboratories, Medtronic Plc, CryoLife Inc., LivaNova Plc, Micro Interventional Devices Inc, Edwards Lifesciences Corporation |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which 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 of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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