According to SPER Market Research, the Global Tricuspid Valve Repair Market estimated to technology advances, an ageing population on the rise, the prevalence of valvular cardiac defects, the improvement of computational tools to control pressure changes, the rise in demand for minimally invasive heart surgery, the dangers of open heart surgery, and the lack of tricuspid valve treatment devices are the main causes of the growth. The high risk of complications associated with tricuspid valve operations and a lack of an effective healthcare infrastructure, however, might pose serious obstacles to the expansion of this industry.
Global Tricuspid Valve Repair Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 9.33%
- Forecast Market Size (2030): 180.75 million
The replacement segment dominated the market for tricuspid valve repairs. Increased valve replacement procedures, favourable reimbursement situations, technical developments, and an increase in the frequency of valve disorders are all factors that contribute to this segment’s large market share.
Impact of COVID-19 on Tricuspid Valve Repair Market
The Tricuspid Valve Repair Market witnessed a decline in the growth due to COVID-19 pandemic as more emphasis was put on covid infection and hospitals were unavailable for other patients. The surgeries were postponed and patients were advised not to visit infected areas. However, the growth was expected to quickly rebound by first half of 2021. Any appearances of concerning mutants of COVID-19 can halt the growth of this market but is expected to quickly rebound to pre-COVID levels.
Global Tricuspid Valve Repair Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type:
- Replacement
- Repair
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Laboratories
By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Tricuspid Valve Repair Market Key Players:
The global Tricuspid Valve Repair Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Abbott Technologies Inc., Medtronic Plc, Edwards Lifescience Corporation, Livanova, and others.
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SPER Market Research
Lucia Jones, Business Consultant – U.S.A.
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