With the emergence and long-term Impact of COVID-19, Global Mitral Valve Disease Market to reach USD 6.12 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Mitral Valve Disease Market points towards a potential rise to USD 8.8 Billion by 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.
Geographically, the global Mitral Valve Disease market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global Mitral Valve Disease market is highly competitive owing to the presence of several key players such as 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. and others.
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Global Mitral Valve Disease Market Size Study & Forecast, 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) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Mitral Valve Disease Market is anticipated to grow with a healthy growth rate of more than 8.8% over the forecast period 2023-2030.
- In the Type segment, Mitral Valve Repair emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth 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 grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Mitral Valve Repair
- Mitral Valve Replacement
- Cardiac Resynchronization Therapy
- Mitral Valve Therapeutics
- Mitral Valve Stenosis
- Mitral Valve Prolapse
- Mitral Valve Regurgitation
By End User:
- Ambulatory Surgical Centers
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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