Global Tricuspid Valve Repair Market Is Set To Enjoy A Valuation Of US$ 182.7 Million In 2022

Healthcare

The global tricuspid valve repair market is set to enjoy a valuation of US$ 182.7 million in 2022 and further expand at a CAGR of 9.4% to reach US$ 446.5 million by the end of 2032.

Demand for tricuspid valve repair is directly reliant on the need for minimally-invasive heart surgeries, for which, Europe stands out as one of the most favorable markets.

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Competitive Landscape

Prominent tricuspid valve repair providers are Edwards Lifesciences, Abbott Laboratories, Valtech Cardio Ltd, Sorin S.p.A., CroiValve, and FOLDAX.

The tricuspid valve repair market has several players competing with each other to achieve a noticeable position among end users. Apart from this, market players are also occupied with launching novel techniques and devices, which is crucial to increase revenue from the enormous customer base.

Additionally, market peers are focusing on business expansion activities through mergers, partnerships, acquisitions, and collaborations. These strategies help companies explore unexploited market opportunities.

  • In April 2020, U.S.-based Abbott Laboratories announced that European CE mark clearance has been given to its TriClip Transcatheter Tricuspid Valve Repair (TTVR) System. This system is used as a non-surgical treatment option for people suffering from tricuspid valve regurgitation (TR).

Fact.MR has provided detailed information about the price points of key tricuspid valve repair market players positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Tricuspid Valve Repair Industry Research

  • By Indication :

    • Tricuspid valve regurgitation
    • Tricuspid valve stenosis
  • By End User :

    • Hospitals
    • Ambulatory Surgical Centers
    • Cardiac Catheterization Laboratories
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & ASEAN
    • Oceania
    • MEA

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