Heart valve repair and replacement market worth $6.98 billion and expected to reach $12.62 billion by 2028 - World Today News

Heart valve repair and replacement market worth $6.98 billion and expected to reach $12.62 billion by 2028 – World Today News

Heart Valve Repair and Replacement Market 2022

The increase in the prevalence of heart disease and the improvement of the healthcare system are the key factors behind the growth of the market.

NEW YORK, NEW YORK, USA, September 16, 2022 /EINPresswire.com/ — Heart valve repair and replacement market 2022

In 2022, the heart valve replacement market will be US$6,983.3 million and is expected to reach US$12,621.4 million by 2028 at a CAGR of 10.4%. The risk associated with heart valve replacement procedures is a key constraint in the heart valve replacement market.

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In addition, the growth in the adoption of artificial intelligence and other data-driven technologies, along with lucrative reimbursement and health insurance policies, is largely driving the growth of the global heart valve replacement market. However, some hurdles such as high costs and risks associated with heart valve repair and replacement procedures are expected to hamper the growth of the market.

Companies

Medtronic
Abbott
Edwards Lifesciences Corporation
Boston Science Corporation
CryoLife, Inc.
LivaNova PLC
Heart valve Hummingbird
JenaValve Technology, Inc.
Micro Interventional Devices, Inc.
Braille Biomedica
Arbor Surgical Technologies, Inc.
Aortech International Plc

Methodology [email protected] https://www.persistencemarketresearch.com/methodology/3192

In terms of region, North America is forecast to dominate the market. This is due to the expansion of the healthcare industry in the US and Canada. In addition, the efforts of the region’s governments are likely to drive the expansion of the global heart valve repair and replacement market during the forecast period from 2022 to 2028. increase in the geriatric population and improve the health infrastructure in these regions.

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PMR has released a comprehensive report based on the heart valve replacement market by product (including heart valve repair, heart valve replacement, tissue heart valves, transcatheter aortic valve implantation), indications (aortic stenosis, aortic regurgitation, mitral stenosis, mitral regurgitation). end user (hospitals, ambulatory surgical centers, cardiac catheterization laboratories) in seven regions.

Region coverage (regional production, demand and forecast by country, etc.):
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific region (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina, etc.)
Middle East and Africa (Saudi Araya, South Africa, etc.)

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Key questions answered in this report.

What will be the growth rate of the market in the future?
What are the key factors affecting the global market?
Who are the key producers in the market space?
What opportunities and threats do vendors face in the global industry?
What is the analysis of sales, revenue and prices by industry regions?

Related reports:

Telemedicine market – The global telemedicine market is forecast to have over 17% CAGR in terms of revenue in 2019-2029.

E Clinical solutions market – The global e-clinical decision software market is estimated to exceed US$6,515 million by 2020, growing 13.8% annually with strong revenues, valuation, trends and forecasts.

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