Heart Valve Repair and Replacement Market stands at USD 6.98 Bn and Expected to Reach USD 12.62 Bn by 2028
Heart Valve Repair and Replacement Market 2022
Increased prevalence of cardiac disorders and enhanced healthcare system are the key factors driving the growth of the market.
NEW YORK, NEW YORK, UNITED STATES, September 16, 2022 /EINPresswire.com/ -- Heart Valve Repair and Replacement Market 2022
In 2022, the Heart Valve Repair Replacement Market stands at USD 6,983.3 million, and it is expected to reach USD 12,621.4 million by 2028 at a CAGR of 10.4%. Risk associated with heart valve replacement procedures is the key restraints in the Heart Valve Repair Replacement Market.
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Furthermore, an increase in the adoption of Artificial intelligence and other data driven technologies along with the favorable reimbursement and medical insurance policies are significantly driving the growth of the global Heart Valve Repair Replacement market. However, some obstacles, such as high costs and risks associated with heart valve repair and replacement procedures, are anticipated to stymie market growth.
Companies
Medtronic
Abbott
Edwards Lifesciences Corporation
Boston Scientific Corporation
CryoLife, Inc.
LivaNova PLC
Colibri Heart Valve
JenaValve Technology, Inc.
Micro Interventional Devices, Inc.
Braile Biomedica
Arbor Surgical Technologies, Inc.
Aortech International Plc
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In terms of region, North America is projected to dominate the market. This is due to the expanding healthcare industry in the United States and Canada. Furthermore, the efforts of the region’s governments are likely to promote the expansion of the global heart valve repair and replacement market throughout the forecast period of 2022 to 2028. Apart from this, the Asia Pacific and Europe are also anticipated to have considerable market growth due to an increasing geriatric population and improving health infrastructure in these regions.
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PMR has presented a comprehensive report based on Heart Valve Repair Replacement Market as per Product (into Heart Valve Repair, Heart Valve Replacement, Tissue Heart Valves, Transcatheter Aortic Valve Implantation), Indication (Aortic Stenosis, Aortic Regurgitation, Mitral Stenosis, Mitral Regurgitation), End User (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories) based on seven regions.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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