Fitness Trends Transcatheter Mitral Valve Repair and Replacement

Transcatheter Mitral Valve Repair and Replacement
Market - Size, Share, Outlook, and Opportunity
Analysis 2018 – 2026
Transcatheter mitral valve repair and replacement methods are gaining significant traction due
to advances in valve therapy. Transcatheter Mitral Valve Replacement (TMVR) can be used as
an alternative to open-heart surgery and is used in treating mitral valve stenosis, mitral valve
prolapse, and mitral valve regurgitation.
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Transcatheter Mitral Valve Repair and Replacement Market Drivers
Increasing mortality due to chronic and cardiovascular diseases especially in the elderly
population is a major factor boosting the growth of the market. As per the American Heart
Association estimates in 2017, around 19.1 million death occur annually worldwide due to
various cardiovascular diseases. Furthermore, as per the United Nations (UN) estimates 2017,
the geriatric population in the U.S. is expected to reach over 72 million by 2022. The growth
of this target population coupled with increasing risk of cardiovascular diseases is expected to
drive the growth of the market.
The global transcatheter mitral valve repair and replacement devices market is expected to
witness growth, owing to continuous technological advancements such as developing multiple
use valves. For instance, in June 2017, Edwards Lifesciences received FDA approval for its
SAPIEN 3 transcatheter prosthetic heart valve, indicated for placement within both mitral
valves and aortic valves.
Increase in number of TMVR pipeline devices for treatment of mitral valve abnormalities are
also expected to propel growth of TMVR market. For instance, a randomized clinical trial of
Medtronic Intrepid Transcatheter Mitral Valve Replacement System, sponsored by Medtronic
Cardiovascular is ongoing for treating mitral valve regurgitation and is estimated to complete in
October 2025.
Transcatheter Mitral Valve Repair and Replacement Market Restraints