The Global market of Transcatheter Mitral Valve Repair and Replacementis (TMVR) projected to display a vigorous growth represented by a CAGR of 34.71% during 2017–2022

Date: 4 May 2017


The mitral valve is a highly complex anatomy, which includes the ventricle, papillary muscles, chordae tendinae, leaflets and the mitral annulus. Variation to any of these can lead to the development of a condition known as mitral regurgitation. Less invasive methods for treating mitral valve deformities have been developed since the 1990s with the aim of decreasing the need for open heart surgery. In recent decade, transcatheter treatment of mitral regurgitation has stimulated abundant research and development. TMVR is emerging as a potential option for patients with mitral regurgitation and degenerative mitral stenosis, and are not suitable for conventional open heart surgery.

According to Azoth Analytics research report, “GlobalTranscatheter Mitral Valve Repair and Replacement Market: Analysis By Region,By Country Opportunities and Forecasts (2017-2022)", global market is projected to display a vigorous growth represented by a CAGR of 34.71% during 2017 – 2022, chiefly driven by increasing number of patients with mitral regurgitation, rising geriatric population, growing awareness about minimally invasive techniques and increasing healthcare expenditure.

The field of transcatheter mitral valve therapy has developed at much slower pace than projected since its clinical introduction majorly due to the complexity of valvular anatomy and the need for challenge imaging technology. Among the regions, Europe accounts for the largest regional share in the total TMVR market in 2016. However, Asia Pacific is predicted to advance at the highest rate, mainly driven by increase in healthcare expenditure coupled with growing penetration and awareness about technologically advanced heart valve therapies.

Transcatheter mitral valve repair and replacement methods are gaining major traction as the next major development in valve therapy; however, there are certain challenges that will need to be addressed, including complex technology design, delivery methods and identifying the most appropriate patient population to benefit from this technology. Further, advent of transcatheter mitral valve replacement devices is going to boost the global market in the forecast period. In the recent years, many start-up companies are dedicated in developing the optimal transcatheter mitral valve replacement technology, with major focus on the transapical delivery approach to further simplify the delivery method. Several medical device companies are now in competition to bring first-generation transcatheter mitral valves to market.

The report titled, “GlobalTranscatheter Mitral Valve Repair and Replacement Market: Analysis By Region,By Country Opportunities and Forecasts (2017-2022)", has covered and analysed the potential of Global Transcatheter Mitral Valve Repair and Replacement Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global transcatheter mitral valve repair and replacement market. Additionally, the report also highlights market entry strategies for various companies across the globe. 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Transcatheter Mitral Valve Repair and Replacement Market; By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, Germany, France, Australia, Singapore and Colombia).

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