Heart Valve Repair Replacement Market Undergo Differentiation Through Innovation

Posted by Merin John on May 17th, 2021

The Heart Valve Repair Replacement Market report by Persistence Market Research goes by the changing trend of consumerism all across the healthcare vertical. “Going cashless” is amongst the “new” normal. Inorganic growth has also picked up. Key participants of the healthcare value chain – both – private and public – have joined hands for competing in the ever-demanding landscape.

Heart valve repair and replacements include the repair or the replacement of the cardiac valve, which is likely to be needed owing to the occurrence of valvular disease or any other cardiovascular disease. A prosthetic heart valve is a device that mimics the function of human heart valves and has a passive mode of functioning. Prosthetic heart valves include mechanical heart valves as well as tissue or biological heart valves. Mechanical heart valves are generally made of material such as titanium and carbon. Mechanical heart valves have two leaflets and a metal ring.

Mechanical heart valves are of two types, i.e. mechanical sutured mitral valve replacements and mechanical sutured aortic valve replacements. Tissue heart valves are obtained from an animal tissue such as pig or cow tissue. Tissue heart valves can last upto ten to twenty years. Bovine and porcine valves are included in the tissue heart valve. Tissue heart valves include tissue sutured mitral valve replacements, tissue sutureless aortic valve replacements, and tissue sutured aortic valve replacements.

The introduction of advanced computational tools for studying the fluid dynamics is responsible for the growth of the heart valve repair and replacement market. Several companies are focusing on the innovation of new prosthetic heart valves. This factor is likely to contribute to the growth of the heart valve repair and replacement market. Several other factors, such as favorable reimbursement policies and favorable medical tourism policies, are expected to increase the overall growth of the heart valve repair and replacement market.

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Increasing incidence of cardiac valvular diseases and other cardiovascular diseases are is expected to contribute to the growth of the heart valve repair and replacement market. Increase in the number of heart valve repair and replacement procedures is also expected to fuel the growth of the heart valve repair and replacement market. However, there are certain factors that are likely to hinder the growth of heart valve repair and replacement market. High costs and complications associated with the heart valve repair and replacement procedures are expected to restrain the growth of the heart valve repair and replacement market. Product recalls are also among the major factors responsible for hampering the overall growth of the heart valve repair and replacement market.

Mergers and acquisitions are among the ongoing trends of the heart valve repair and replacement market. For instance, in July 2015, Abbott Laboratories invested in Cephea Valve Technologies, a privately held company that manufactures and develops transcatheter mitral valve replacement via the transfemoral approach, and secured an option to acquire the company in the near future.

The report also includes the key companies operating in the heart valve repair and replacement market such as Medtronic plc. Abbott Laboratories, Edwards Life sciences, Boston Scientific Corporation, LivaNova PLC, CryoLife, Inc., Colibri Heart Valve LLC, JenaValve Technology, Inc., Micro Interventional Devices, Inc., Braile Biomedica, Aortech International, and Arbor Surgical Technologies, Inc.