The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Market Overview

The mitral valve disease market has experienced significant growth in recent years, reflecting a robust increase in both size and investment.

• 2023 Market Size: $2.75 billion
• 2024 Market Size: $3 billion
• Compound Annual Growth Rate (CAGR): 9.1%

Key drivers behind this growth include enhanced patient education, favorable reimbursement policies, rising healthcare expenditure, and increased awareness and screening initiatives. The market has been buoyed by expanding presence and improvements in treatment technologies.

Future Growth Projections

Looking ahead, the mitral valve disease market is poised for continued expansion.

• 2028 Market Size: $4.32 billion
• CAGR: 9.6%

Growth in the forecast period will be fueled by:

• Increased Prevalence: Growing cases of mitral valve disease
• Minimally Invasive Techniques: Rising adoption of less invasive procedures
• Technological Innovations: Advances in heart valve surgery and transcatheter technologies
• Investment Surge: Increased venture capital investments and manufacturer interest

View More On The Mitral Valve Disease Market Report 2024 – https://www.thebusinessresearchcompany.com/report/mitral-valve-disease-global-market-report

Impact of Vascular Heart Diseases

The rising prevalence of vascular heart diseases is set to impact the mitral valve disease market significantly. Vascular heart diseases can exacerbate conditions affecting the mitral valve due to compromised heart function.

• Ischemic Heart Disease and Hypertension: These conditions contribute to mitral valve disease by affecting heart structure and function.
• Australian Data: As of December 2023, approximately 571,000 adults in Australia are living with coronary heart disease (CHD), highlighting the growing need for mitral valve disease solutions.

Innovative Treatment Technologies

Innovation in treatment technologies continues to advance the mitral valve disease market.

• Stented Tissue Valves: Companies are developing advanced stented tissue valves that provide durable, minimally invasive alternatives to traditional surgeries.
• Case Example: In September 2021, Abbott Laboratories received FDA approval for the Epic Plus and Epic Plus Supra stented tissue valves, which feature advanced technologies to enhance performance and patient outcomes.

Recent Market Developments

Recent acquisitions and business moves reflect the ongoing evolution and consolidation within the mitral valve disease market.

• Gyrus Capital Acquisition: In June 2021, Gyrus Capital acquired LivaNova’s heart valve business for $73 million, including key products like the Perceval suture-less aortic valve and the Memo 4D mitral repair ring.

Market Segmentation

The mitral valve disease market is segmented as follows:

1. By Treatment Type:
   • Mitral Valve Repair
   • Mitral Valve Replacement
   • Cardiac Resynchronization Therapy
   • Mitral Valve Therapeutics
2. By Indication:
   • Mitral Valve Stenosis
   • Mitral Valve Prolapse
   • Mitral Valve Regurgitation
3. By End-User:
   • Hospitals
   • Ambulatory Surgical Centers
   • Other End-Users

Regional Insights

• Europe: Held the largest market share in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period due to rising healthcare infrastructure and growing patient population.

In summary, the mitral valve disease market is experiencing robust growth, driven by technological advancements, increasing prevalence of vascular heart diseases, and significant investments in innovative treatment solutions. As the market continues to expand, the focus on minimally invasive techniques and advanced technologies will likely shape its future trajectory.

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