Annuloplasty Ring Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“Globally, market is predicted to generate massive revenue
over the next five years, providing numerous opportunities
for industry participants to invest in research and
development of annuloplasty ring market.”
The global annuloplasty ring market is expected to display higher growth rate over the next five years. Rapid
surge in the market is credited to the growing prevalence of cardiac disorders, diabetes, end-stage renal
disorders, and tricuspid valve (TV) insufficiency. Increasing prevalence of hypertension and mitral valve
dysfunction are predicted to boost market demand for annuloplasty ring as well. Globally, market is predicted
to generate massive revenue over the next five years, providing numerous opportunities for industry
participants to invest in research and development of annuloplasty ring market.
Other factors such as prevalence of genetic and hereditary disorders, changing lifestyle, increasing alcohol
consumption, varying food preferences are anticipated foster market growth in the near future. However,
declining reimbursement rate and increasing cost associated with medical treatment are restricting the market
growth. Growing prevalence of Ischemic Heart Disease (IHD) condition, which is considered as one of the leading
cause of the heart attack across the world, is expected fuel market demand for annuloplasty ring over the
forecast period.
Additionally, rising number of minimally invasive surgeries is considered as one of the major driver for market
growth in the recent years. The recent technological advancement in the healthcare sector and development of
novel products such as custom made annuloplasty rings along with maximum safety and efficiency are fostering
market demand over the coming years. In addition, rising approval rate for regular use of annuloplasty ring
during minimum invasive surgeries is further advancing market progress in the past few years.
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