Tricuspid Valve Repair Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 21 | List of Figures : 37 | No. of Pages : 170 | Report Code : FACT3416MR | Format :

Growing Focus on Development of Novel Tricuspid Valve Repair Devices to Boost Market Growth

Manufacturers of tricuspid valve repair devices are rapidly shifting from development of devices which require invasive open heart surgeries to minimally invasive surgeries on the back of less post-operative complications and minimum risk associated. Products developed by companies such as transcatheter tricuspid valve repair system are still to be approved for patient use. However, these products are highly preferred in clinical trials based on key inputs given by heart surgeons. For instance, Abbott’s transcatheter tricuspid valve repair system (TTVR), TriClip is clinically tested in patients with severe tricuspid regurgitation. Such systems will help patients above the age of 60 or patients who are intolerant to open heart surgery for tricuspid valve repair in the near future. Minimally invasive treatments will disrupt the previous choice of treatments and will become a major segment in the tricuspid valve repair market. By end –user, hospitals are poised to maintain their hegemony in the tricuspid valve repair market on the back of heightened prevalence of open heart and minimally invasive surgeries. Hospitals alone will capture 88% of the market share and are projected to show a positive growth trajectory during the forecast period.

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Europe to Remain in Forefront with Acquisitions and Mergers to Remain Key Strategy Followed by Leading Players

Manufacturers are focusing on acquisitions in order to upsurge product portfolio and expand their regional presence in the tricuspid valve repair market. Regionally, Europe is witnessing rampant adoption of tricuspid valve repairs with Germany accounting for ~ 18% of the market share. This can be attributed to growing demand for treating tricuspid valve regurgitation and tricuspid valve stenosis problems. In January, 2017 Edwards Lifesciences completed acquisition of Israel based Valtech Cardio, a developer of Cardioband system. In a recent merger activity, Sorin S.p.A., based in Italy, a global medical device company specialized in development and manufacturing of cardiovascular medical devices, merged with Cyberonics, Inc., a specialized player in neuromodulator medical devices to form LivaNova plc. Post-merger, LivaNova plc has a market presence in over 100 countries around the world with approximately 4,500 employees. Such acquisitions and mergers will help companies to strengthen their market position in the global tricuspid valve repair market in the future.

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 Tricuspid Valve Repair Market to Gain Significant Momentum, as R&D and Innovations Abound

The tricuspid valve repair market is focusing on developing innovative products used to treat patients with tricuspid valve defects. Medical device companies are investing significantly to come up with technically and scientifically advanced and innovative medical devices in the tricuspid valve repair market. For example, Edwards Lifesciences Corporation is focusing on investments in structural heart therapies, which have resulted in development of multiple breakthrough therapies, many of which are currently being evaluated in clinical studies. Annuloplasty rings which are used in treating tricuspid regurgitation are developed using novel materials like polyester, titanium alloy, and others. Such developments in products will make the device durable, and flexible. Innovation in shape and design in annuloplasty rings, such as 3D shape and open design helps to avoid interference with heart conduction system. LivaNova plc invests nearly 13.9% of total revenue on research & development which enables them to advance their pipeline. Edwards Lifesciences Corporation invests 16% of sales on research & development and they are focused on specific areas of structural heart disease and critical care monitoring in developing innovative technologies to enable clinicians during treatment.

Increasing Number of Surgical Procedures to Upsurge Demand for Tricuspid Valve Repair Devices

Healthcare spending has increased the number of surgical procedures which has boosted global tricuspid valve repair market. According to WHO, % increase in global spending on healthcare is greater than % increase in GDP year-on-year, especially in low-and middle-income countries. This is due to rise in per capita income globally .An estimated 2.5 million patients have moderate or severe tricuspid regurgitation in U.S. and the annual incidence number is nearly 200,000 new patients. 90% surgeries for tricuspid valve repair are done along with mitral valve disease or aortic stenosis and remaining surgeries are performed for tricuspid valve repair. Early diagnosis in patients with tricuspid regurgitation and tricuspid stenosis would enable doctors to treat patients with heart valve defects, especially tricuspid valve repair using surgery.

Tricuspid Valve Repair Market: Scope of the Report

Fact.MR recently published a market study on the tricuspid valve repair market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the tricuspid valve repair market structure. The market study presents exclusive information about how the tricuspid valve repair market will grow during the forecast period (2019-2029).

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, and compound annual growth rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the tricuspid valve repair market during the forecast period.

The study is relevant for stakeholders in the tricuspid valve repair market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the tricuspid valve repair market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in Fact.MR’s study.

The study also includes statistics as well as facts related to macroeconomic as well as microeconomic factors that are impacting key developments in the market. It also offers actionable insights based on the future trends in the tricuspid valve repair market. Furthermore, small businesses and new entrants in the tricuspid valve repair market too can make use of the information presented in this study, based on which, they can make appropriate business decisions to gain momentum in the market.

Key Segments of Tricuspid Valve Repair Market

Fact.MR’s study on the tricuspid valve repair market offers information divided into four important segments— product type, indication, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Product Type

Indication

End User

Region

  • Annuloplasty rings
  • Tricuspid Valve Regurgitation
  • Tricuspid Valve Stenosis
  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in Fact.MR’s Tricuspid Valve Repair Market Report

  • Which regions will continue to remain the most profitable regional markets for tricuspid valve repair market players?
  • Which factors will induce a change in the demand for annuloplasty ring manufacturers during the assessment period?
  • How will changing trends impact the tricuspid valve repair market?
  • How can market players capture the low-hanging opportunities in the tricuspid valve repair market in developed regions?
  • Which companies are leading the tricuspid valve repair market?
  • What are the winning strategies of stakeholders in the tricuspid valve repair market to upscale their position in this landscape?

Tricuspid Valve Repair Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the tricuspid valve repair market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of conclusions.

Secondary resources referred to analysts during the production of the tricuspid valve repair market study include statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the tricuspid valve repair market, and makes Fact.MR’s projection on the growth prospects of the tricuspid valve repair market more accurate and reliable.

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Macro-Economic Factors

        3.1.1. Global GDP Growth Outlook

        3.1.2. Global Healthcare Outlook

        3.1.3. Increasing Per Capital Healthcare Expenditure

    3.2. Forecast Factors - Relevance & Impact

    3.3. Market Dynamics

        3.3.1. Drivers

        3.3.2. Restraints

        3.3.3. Opportunity Analysis

        3.3.4. Trend Analysis

4. Market Context

    4.1. Product Adoption / Usage Analysis, By Region

    4.2. Reimbursement Scenario

    4.3. Key Product Features and their USPs

5. Global Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    5.1. Introduction / Key Findings

    5.2. Historical Market Size (US$ Mn) Analysis  2014-2018

    5.3. Current and Future Market Size (US$ Mn) Analysis and Forecast 2019-2029

    5.4. Tricuspid Valve Repair Market Absolute $ Opportunity, 2019–2029

6. Global Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029, by Indication

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) Analysis By Indication, 2014-2018

    6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Indication, 2019-2029

        6.3.1. Tricuspid Valve Regurgitation

        6.3.2. Tricuspid Valve Stenosis

    6.4. Market Attractiveness Analysis By Indication

7. Global Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029, by End User 

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) Analysis By End User, 2014-2018

    7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2019-2029

        7.3.1. Hospitals 

        7.3.2. Ambulatory Surgical Centers

        7.3.3. Cardiac Catherization Labs

    7.4. Market Attractiveness Analysis By End User

8. Global Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029, by Country

    8.1. Introduction

    8.2. Historical Market Size (US$ Mn) Analysis By Country, 2014-2018

    8.3. Current Market Size (US$ Mn) Analysis and Forecast By Country 2019-2029

        8.3.1. U.S.

        8.3.2. Canada

        8.3.3. Australia & New Zealand

        8.3.4. Spain

        8.3.5. Italy

        8.3.6. Germany

        8.3.7. U.K.

        8.3.8. France

        8.3.9. Rest of Europe

    8.4. Market Attractiveness Analysis By Country

9. U.S. Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    9.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    9.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        9.2.1. By Indication

        9.2.2. By End User

10. Canada Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    10.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    10.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        10.2.1. By Indication

        10.2.2. By End User

11. Spain Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    11.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    11.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        11.2.1. By Indication

        11.2.2. By End User

12. Italy Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    12.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    12.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        12.2.1. By Indication

        12.2.2. By End User

13. Germany Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    13.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        13.2.1. By Indication

        13.2.2. By End User

14. U.K. Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    14.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    14.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        14.2.1. By Indication

        14.2.2. By End User

15. France Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    15.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    15.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        15.2.1. By Indication

        15.2.2. By End User

16. Rest of Europe Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    16.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    16.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        16.2.1. By Indication

        16.2.2. By End User

17. Australia & New Zealand Tricuspid Valve Repair Market Analysis 2014-2018 and Forecast 2019-2029

    17.1. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014-2018

    17.2. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019-2029

        17.2.1. By Indication

        17.2.2. By End User

18. Market Structure Analysis

    18.1. Tier Structure Analysis (2018)

    18.2. Company Share Analysis by Top Players (2018)

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive

        19.3.1. Medtronic 

            19.3.1.1. Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.1.4. Sales Footprint

            19.3.1.5. Strategy Overview

                19.3.1.5.1. Marketing Strategy

                19.3.1.5.2. Product Strategy

                19.3.1.5.3. Channel Strategy

        19.3.2. Edwards Lifesciences Corporation

Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.1.4. Sales Footprint

            19.3.1.5. Strategy Overview

                19.3.1.5.1. Marketing Strategy

                19.3.1.5.2. Product Strategy

                19.3.1.5.3. Channel Strategy

       19.3.3. LivaNova PLC

  Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.1.4. Sales Footprint

            19.3.1.5. Strategy Overview

                19.3.1.5.1. Marketing Strategy

                19.3.1.5.2. Product Strategy

                19.3.1.5.3. Channel Strategy

20. Assumptions and Acronyms Used

21. Research Methodology

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Tricuspid Valve Repair Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029