The Market For Cardiac Valves Is Expected To Grow Rapidly Due To...

The Market For Cardiac Valves Is Expected To Grow Rapidly Due To The Rising Prevalence Of Cardiovascular Diseases.

Posted 2024-05-21 09:27:17

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During cardiac valve replacement or repair treatments, specialized surgical instruments called cardiac valvulotomes are utilized to cut defective heart valves. The rising frequency of cardiovascular disorders worldwide, which frequently necessitate surgical intervention for valve repair or replacement, is fueling the expansion of the cardiac valvulotome market.

The global cardiac valvulotome market is estimated to be valued at US$ 157.2 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.

Market drivers:
- Increasing rates of calcific aortic stenosis and rheumatic heart disease: These disorders frequently result in valve stenosis that necessitates valvuloplasty or valve replacement surgery, which increases the need for cardiac valvulotomes.
Transcatheter aortic valve replacement (TAVR) operations are receiving more attention: Because TAVR is less invasive than open heart surgery, it is quickly becoming the preferred option. This is having a beneficial effect on valvulotome sales.

Key Takeaways

Key players: Key players operating in the Cardiac Valvulotome Market Demand are LeMaitre, INVAMED, GeoSurgical, LimFlow, Inc., B. Braun SE, Teleflex Incorporated, StarFish Product Engineering Inc., Koven Technology Canada Inc., Andramed, Zgrum Medical, BD, PEAK SURGICAL, and Symmetry Surgical Inc. LeMaitre and B. Braun SE collectively hold over 45% of the global market share.

Key opportunities: The increasing adoption of minimally invasive surgical procedures presents significant growth opportunities for manufacturers of cardiac valvulotomes used in transcatheter procedures. Additionally, growing healthcare expenditure in emerging economies will further support market expansion.

Global expansion: Major players are focusing on strengthening their presence in high growth markets such as China, India, Brazil, and Mexico through partnerships with regional medical device distributors. Companies are also investing in R&D to develop next-generation valvulotomes compatible with emerging valve treatment technologies.

Market restraints:

- High cost of valve replacement surgery: The financial burden associated with the overall cost of surgery may limit the adoption of valve replacement, thereby having a negative influence on cardiac valvulotome sales.

- Limited reimbursement for TAVR in developing regions: Restricted or absence of insurance coverage for expensive TAVR procedures in developing countries can hinder market revenue growth in the long run.

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