Us Percutaneous Mitral Valve Repair Device Market: How Demographic Changes are Impacting Demand
Percutaneous Mitral Valve Repair Device Market was valued at USD 1.35 Billion in 2022 and is projected to reach USD 3.25 Billion by 2030, growing at a CAGR of 11% from 2024 to 2030.
The US Percutaneous Mitral Valve Repair Device Market has been growing significantly, driven by an increasing number of patients with mitral valve diseases and advancements in minimally invasive technologies. Percutaneous mitral valve repair devices are becoming an essential part of heart disease treatment, offering patients an alternative to traditional surgery. These devices help in repairing or replacing the damaged mitral valve without the need for open-heart surgery, making the procedure less invasive and reducing recovery time.
The primary factor fueling this market’s growth is the rising prevalence of mitral valve diseases. According to recent data, approximately 1 in 10 individuals over the age of 75 suffers from mitral regurgitation, a condition where the mitral valve doesn’t close tightly, leading to blood leakage. This condition can cause heart failure and other complications if left untreated. Percutaneous valve repair devices are seen as a less risky and more efficient option for patients who are not suitable candidates for traditional surgery.
The advancements in technology have also contributed to the market’s expansion. Devices such as the MitraClip, which was one of the first FDA-approved percutaneous mitral valve repair devices, are now becoming more refined with improved features. These devices work by clipping together the two flaps of the mitral valve, improving its functionality and helping patients regain a higher quality of life.
Moreover, hospitals are increasingly adopting these devices due to their benefits, such as shorter hospital stays and reduced chances of complications. This trend is expected to continue as more research is done to optimize these devices for even better performance. Additionally, healthcare providers are experiencing reduced operational costs associated with minimally invasive procedures compared to traditional surgery, making percutaneous valve repair devices even more attractive to healthcare systems.
The competition in the US market is intensifying as more companies enter the sector, offering innovative solutions and devices. However, regulatory challenges and the high cost of these advanced devices could slow market growth to some extent. Nevertheless, the growing demand for minimally invasive solutions for mitral valve repair is expected to drive the US market forward, providing patients with better treatment options.
Get More
Get an In-Depth Research Analysis of the Global Percutaneous Mitral Valve Repair Device Market Size And Forecast [2025-2032]
Who are the largest Global manufacturers in the Percutaneous Mitral Valve Repair Device Market?
- Medtronic
- St. Jude Medical
- Sorin Group
- Abbott Laboratories
- Accellent Inc.
- Admedes Schuessler GmbH
- AorTech International
- Arbor Surgical Technologies
- Inc.
- AutoTissue GmbH
- Boston Scientific
- CryoLife
- Colibri Heart Valve
- Micro Interventional Devices
- Neovasc
- JenaValve Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Percutaneous Mitral Valve Repair Device Market Size And Forecast [2025-2032]
What are the factors driving the growth of the Global Percutaneous Mitral Valve Repair Device Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Percutaneous Mitral Valve Repair Device Market
By Product Type
- Transcatheter Mitral Valve Repair (TMVr) Devices
- Clip Devices
- Replacement Valves
- Edge-to-Edge Repair Devices
By Indication
- Functional Mitral Regurgitation
- Anatomical Mitral Regurgitation
- Degenerative Mitral Regurgitation
- Valve stenosis treatments
By End-User
- Hospitals
- Outpatient Clinics
- Cardiology Centers
- Research and Academic Institutions
By Patient Population
- Elderly Patients (65 years and above)
- Middle-aged Patients (45-64 years)
- Pediatric Patients (Under 18 years)
- Patients with comorbidities
By Technology
- Minimally Invasive Techniques
- Robotic-assisted Devices
- 3D Imaging and Navigation Systems
- Biodegradable Materials
Which regions are leading the Global Percutaneous Mitral Valve Repair Device Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Percutaneous Mitral Valve Repair Device Market Research Analysis
Detailed TOC of Global Percutaneous Mitral Valve Repair Device Market Research Report, 2024-2032
1. Introduction of the Global Percutaneous Mitral Valve Repair Device Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Percutaneous Mitral Valve Repair Device Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Percutaneous Mitral Valve Repair Device Market, By Type
6. Global Percutaneous Mitral Valve Repair Device Market, By Application
7. Global Percutaneous Mitral Valve Repair Device Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Percutaneous Mitral Valve Repair Device Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768