The global demand for Annuloplasty Rings Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Units in 2019 and foreseen to touch XX Kilo Units by 2026 with a CAGR of XX% during 2020-2026.
Annuloplasty Rings is a technology to repair valves. These prosthetics are made up of durable plastic, metal, or fabric and are used to repair the mitral or the tricuspid valve. They may be rigid, semi-rigid, or flexible. These customized rings are designed to maintain the natural shape, motion, and flexibility of the valve. They are fixed to the valve by an open-heart surgery or minimally invasive procedure, which involves smaller incisions. Annuloplasty rings are a revolutionized approach in heart valve repair that substantially reduces the risk of recurrent deformation. Modern-day rings are biodegradable and reduce the risk of thrombo-embolic complications and negate the need for anticoagulation.
Rapidly increasing geriatric population and an increase in the number of cardiovascular patients will be the critical drivers for the growth of the annuloplasty rings market. Increased awareness about heart valve procedures among the global population and rapid technological advancements in biodegradable valves will be a market booster. These rings' various advantages in mitral valve repairs like low mortality rates, lack of anticoagulation for the long term, and continued growth of the valve in pediatric patients will further propel market growth. The high cost of the procedure and lack of reimbursements are the main barriers hampering this market's growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of annuloplasty rings.
The entire annuloplasty rings market has been sub-categorized into type, application and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Flexible Annuloplasty Rings
- Rigid Annuloplasty Rings
- Semi-Rigid Annuloplasty Rings
- Mitral Valve Annuloplasty
- Tricuspid Valve Annuloplasty
- Aortic Valve Annuloplasty
- Ambulatory Surgery Centers
- Specialty Clinics
This section covers regional segmentation which accentuates on current and future demand for annuloplasty rings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Annuloplasty Rings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the annuloplasty rings market include Medtronic, Edwards Lifesciences Corporation, Abbott, LivaNova PLC, Braile Biomédica, Labcor Laboratórios Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.