Global Mitral Valve Disease Market is valued at approximately USD 2.72 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.8% over the forecast period 2023-2030. Mitral valve disease refers to a medical condition that affects the mitral valve, which is one of the heart's four valves responsible for regulating blood flow between the left atrium and left ventricle. The disease encompasses various abnormalities of the mitral valve, including mitral regurgitation, mitral stenosis, and mitral valve prolapse. The market for mitral valve treatment is experiencing growth due to factors such as the rising awareness among individuals about mitral valve disease, the increasing prevalence of risk factors such as high blood pressure, high cholesterol, and changes in lifestyle habits. These factors collectively contribute to the growing demand for mitral valve treatment products and drive the overall market growth across the globe
The increasing prevalence of Mitral regurgitation (MR) is primarily driving the expansion of the mitral valve disease market. As per the National Institutes of Health report released in 2021, mitral regurgitation (MR) holds the distinction of being the most prevalent valvular abnormality on a global scale. It impacts more than 2% of the entire population and exhibits a prevalence that rises with advancing age. The market growth is further propelled by the increasing demand for minimally invasive procedures to treat mitral valve diseases, as well as the subsequent advancements and development of minimally invasive products in this field. However, the growth of the market for mitral valve disease is hindered by the substantial costs associated with the repair and replacement surgeries procedures of the mitral valve, as well as the stringent regulations imposed by governing bodies for the development, usage, and approval of mitral heart valves and medications throughout the forecast period of 2023-2030.
The key regions considered for the Global Mitral Valve Disease Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of well-developed healthcare infrastructure, higher consumer awareness regarding mitral valve diseases, the presence of major players in the United States, and a wide range of offerings in the mitral valve treatment sector. Asia Pacific is expected to fastest growing region during the forecast period, owing to factors such as the large population base and the rising healthcare expenditure in countries such as China and India.
Major market players included in this report are:
- Teva Pharmaceutical Industries Ltd.
- Corcym UK Limited
- Abbott Laboratories
- Zydus Lifesciences Limited
- Medtronic plc
- Edwards Lifesciences Corporation
- Affluent Medical
- ShockWave Medical, Inc.
- Valcare Medical
- Pfizer Inc.
Recent Developments in the Market:
- In November 2021, Medtronic plc. released preliminary data on the Intrepid transcatheter mitral valve replacement (TMVR) system, which was used in patients with severe and symptomatic mitral valve regurgitation (MR) through the transfemoral access route. The data from the initial five patients enrolled in an Early Feasibility Study of the Intrepid Transfemoral System demonstrated a 100% survival rate with no reported strokes.
- In June 2021, Gyrus Capital acquired LivaNova Plc.'s heart valve company and formed a new global medical device company named it as Corcym. This independent company aims to focus on delivering optimal solutions to combat structural heart disease for patients and heart surgeons.
Global Mitral Valve Disease Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Indication, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Mitral Valve Repair
- Mitral Valve Replacement
- Cardiac Resynchronization Therapy
- Mitral Valve Therapeutics
By Indication:
- Mitral Valve Stenosis
- Mitral Valve Prolapse
- Mitral Valve Regurgitation
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Mitral Valve Disease Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Mitral Valve Disease Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Mitral Valve Disease Market, by Indication, 2020-2030 (USD Billion)
- 1.2.4. Mitral Valve Disease Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Mitral Valve Disease Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Mitral Valve Disease Market Dynamics
- 3.1. Mitral Valve Disease Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising awareness among individuals about mitral valve disease
- 3.1.1.2. Increasing prevalence of risk factors such as high blood pressure, high cholesterol, and changes in lifestyle habits
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of mitral valve replacement and repair procedures
- 3.1.2.2. Stringent regulations imposed by governing bodies
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in Formulation of minimally invasive products
- 3.1.3.2. Increasing demand for minimally invasive procedures to treat mitral valve diseases
Chapter 4. Global Mitral Valve Disease Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Mitral Valve Disease Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Mitral Valve Disease Market by Type, Performance - Potential Analysis
- 5.3. Global Mitral Valve Disease Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Mitral Valve Disease Market, Sub Segment Analysis
- 5.4.1. Mitral Valve Repair
- 5.4.2. Mitral Valve Replacement
- 5.4.3. Cardiac Resynchronization Therapy
- 5.4.4. Mitral Valve Therapeutics
Chapter 6. Global Mitral Valve Disease Market, by Indication
- 6.1. Market Snapshot
- 6.2. Global Mitral Valve Disease Market by Indication, Performance - Potential Analysis
- 6.3. Global Mitral Valve Disease Market Estimates & Forecasts by Indication 2020-2030 (USD Billion)
- 6.4. Mitral Valve Disease Market, Sub Segment Analysis
- 6.4.1. Mitral Valve Stenosis
- 6.4.2. Mitral Valve Prolapse
- 6.4.3. Mitral Valve Regurgitation
Chapter 7. Global Mitral Valve Disease Market, by End User
- 7.1. Market Snapshot
- 7.2. Global Mitral Valve Disease Market by End User, Performance - Potential Analysis
- 7.3. Global Mitral Valve Disease Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 7.4. Mitral Valve Disease Market, Sub Segment Analysis
- 7.4.1. Hospitals
- 7.4.2. Ambulatory Surgical Centers
- 7.4.3. Others
Chapter 8. Global Mitral Valve Disease Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Mitral Valve Disease Market, Regional Market Snapshot
- 8.4. North America Mitral Valve Disease Market
- 8.4.1. U.S. Mitral Valve Disease Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Indication breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Mitral Valve Disease Market
- 8.5. Europe Mitral Valve Disease Market Snapshot
- 8.5.1. U.K. Mitral Valve Disease Market
- 8.5.2. Germany Mitral Valve Disease Market
- 8.5.3. France Mitral Valve Disease Market
- 8.5.4. Spain Mitral Valve Disease Market
- 8.5.5. Italy Mitral Valve Disease Market
- 8.5.6. Rest of Europe Mitral Valve Disease Market
- 8.6. Asia-Pacific Mitral Valve Disease Market Snapshot
- 8.6.1. China Mitral Valve Disease Market
- 8.6.2. India Mitral Valve Disease Market
- 8.6.3. Japan Mitral Valve Disease Market
- 8.6.4. Australia Mitral Valve Disease Market
- 8.6.5. South Korea Mitral Valve Disease Market
- 8.6.6. Rest of Asia Pacific Mitral Valve Disease Market
- 8.7. Latin America Mitral Valve Disease Market Snapshot
- 8.7.1. Brazil Mitral Valve Disease Market
- 8.7.2. Mexico Mitral Valve Disease Market
- 8.8. Middle East & Africa Mitral Valve Disease Market
- 8.8.1. Saudi Arabia Mitral Valve Disease Market
- 8.8.2. South Africa Mitral Valve Disease Market
- 8.8.3. Rest of Middle East & Africa Mitral Valve Disease Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Teva Pharmaceutical Industries Ltd.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Corcym UK Limited
- 9.3.3. Abbott Laboratories
- 9.3.4. Zydus Lifesciences Limited
- 9.3.5. Medtronic plc
- 9.3.6. Edwards Lifesciences Corporation
- 9.3.7. Affluent Medical
- 9.3.8. ShockWave Medical, Inc.
- 9.3.9. Valcare Medical
- 9.3.10. Pfizer Inc
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption