Annuloplasty Ring Market Annuloplasty Ring Market | Page 2

An annuloplasty ring is used to tighten or reinforce the mitral valve in the heart. An annuloplasty ring is largely
utilized during other surgical procedures to repair a heart valve. During widening of the valve leads to flapping,
thus causing improper opening and closing of the valve. Use of annuloplasty ring prevents backward blood
leakages via the valve.
The annuloplasty ring market is broadly categorized into major segments based on the product type such as
custom annuloplasty rings, rigid annuloplasty rings and semi-rigid annuloplasty rings. Custom annuloplasty rings
segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing
demand of custom annuloplasty rings segment is attributed to the better flexibility, cost efficiency and higher
product penetration.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in implementation of latest technologies in healthcare
sector, surge in number of research & development activities and existence of well-established medial
infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness
steady growth.
Asia-Pacific region is estimated to hold a major share in the annuloplasty ring market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with prevalence
of cardiovascular disease & diabetes, increasing healthcare infrastructure activities, recent epidemiological
transition and significant investment by leading industry players considering potential growth opportunities in
the region.
The key players in the annuloplasty ring market are Medtronic plc, Edwards Lifesciences Corp., Abbott
Laboratories, LivaNova plc, Braile Biomédica Co., and Labcor Laboratórios Ltd.
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