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2024-2033 Mitral Valve Disease Market: What Growth Rate is Predicted?

The mitral valve disease market has shown strong growth, expected to increase from $2.75 billion in 2023 to $3 billion in 2024, with a CAGR of 9.1%. This growth can be attributed to patient education initiatives, favorable reimbursement policies, rising healthcare expenditures, and increased awareness and screening efforts.

The mitral valve disease market is expected to experience strong growth, projected to reach $4.32 billion by 2028 at a CAGR of 9.6%. Growth factors include the rising prevalence of mitral valve disease, increased adoption of minimally invasive techniques, innovations in heart valve surgery, venture capital investments, and growing manufacturer interest. Key trends include technological advancements and developments in transcatheter technologies and surgical procedures.

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What Aspects Are Driving the Expansion of the Mitral Valve Disease Market?

The increasing prevalence of vascular heart diseases is anticipated to drive the growth of the mitral valve disease market in the coming years. Vascular heart diseases comprise various conditions affecting the heart’s blood vessels. Factors such as lifestyle choices, demographic shifts, medical conditions, environmental influences, and genetics contribute to the rise in these diseases. Conditions like ischemic heart disease can lead to mitral valve disease by compromising heart structure and function. According to the Australian Bureau of Statistics, approximately 571,000 adults were living with coronary heart disease, significantly affecting those aged 75 and older. Therefore, the increasing prevalence of vascular heart diseases is boosting the mitral valve disease market.

What Are the Significant Segments of the Mitral Valve Disease Market?

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

What Trends Are Influencing the Evolution of the Mitral Valve Disease Market?

Major companies in the mitral valve disease market are creating stented tissue valves to meet the rising demand for minimally invasive treatment options. These valves are engineered for durability and reliability, providing patients with alternatives to conventional surgeries. For example, in September 2021, Abbott Laboratories, a US-based medical device company, received FDA approval for its Epic Plus and Epic Plus Supra stented tissue valves aimed at treating aortic or mitral valve disease. These advanced devices are built on Abbott’s trusted Epic surgical valve platform and incorporate anti-calification technology. They also include a FlexFit polymer stent capable of withstanding about 8 atm pressure during balloon valvuloplasty, a unique pericardial shield to reduce abrasion risk, and a flexible cuff to help mitigate paravalvular leak (PVL) while accommodating patient anatomy.

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Which Geographic Areas Are Influencing the Growth of the Mitral Valve Disease Market?

Europe was the largest region in the mitral valve disease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mitral valve disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Mitral Valve Disease Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mitral valve disease market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Mitral Valve Disease Market Include

1. Mitral Valve Disease Market Executive Summary

2. Mitral Valve Disease Market Segments

3. Mitral Valve Disease Market Size And Template Market Growth Rate

4. Key Mitral Valve Disease Market Trends

5. Major Mitral Valve Disease Market Drivers

……

25. Key Mergers And Acquisitions In The Mitral Valve Disease Market

26. Top Mitral Valve Disease Companies

27. Mitral Valve Disease Market Opportunities And Strategies

28. Mitral Valve Disease Market, Conclusions And Recommendations

29. Appendix

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