The global transcatheter pulmonary valve replacement market size was USD 44.62 Million in 2022 and is expected to register a revenue CAGR of 6.2% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of cardiac disorders such as Coronary Artery Disease (CAD) and heart failure, rising investments and funding toward production of such devices, and rapid advancements in minimally invasive surgical techniques are some of the major factors driving revenue growth of the transcatheter pulmonary valve replacement market.
The Transcatheter Pulmonary Valve Replacement (TPVR) method is evolving at a rapid pace. As it is a less intrusive method with ongoing efficacy and safety improvements, TPVR can provide equivalent long-term results to surgical Pulmonary Valve Replacement (PVR). Since it can be performed numerous times, this treatment offers a valuable alternative, if not the preferable procedure, for patients who will require PVR in the future. Since its introduction twenty years ago, Transcatheter Pulmonary Valve (TPV) TPV Replacement (TPVR) has become the preferred method of treating postoperative Right Ventricular Outflow Tract (RVOT) obstruction or Pulmonary Regurgitation (PR) in patients with a physiologically acceptable prosthetic pulmonary conduit or valve. Over the last two decades, there have been major developments in transcatheter pulmonary valve technology. This includes employing the SAPIEN transcatheter heart valve in pulmonary position, enhancing valve implantation techniques, and creating self-expanding valves and prestents for treatment of large-diameter native or patched right ventricular outflow tracts. Recently developed valves such as Harmony valve, Venous P-valve, and Pulsta valve use a self-expanding mechanism to allow for larger valves and smaller sheaths. Increasing prevalence of cardiac diseases and heart failure is one of the major factors driving revenue growth of the market. One of the leading causes of death is Coronary Artery Disease (CAD). Transcatheter Pulmonary Valve Replacement (TCPVR) has become congenital heart disease standard of care in the majority of large hospitals over the last 22 years. This method has been used on over 7,500 individuals worldwide. In addition, an increasing number of clinical research studies and trials are being conducted to establish safety and efficacy of such systems, which is contributing to market revenue growth.
The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Transcatheter Pulmonary Valve Replacement (TPVR) market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Transcatheter Pulmonary Valve Replacement (TPVR) market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Medtronic, Abbott., Boston Scientific Corporation, Terumo Corporation, Venus Medtech (Hangzhou) Inc., Cook Medical, EDWARDS LIFESCIENCES CORPORATION, LIVANOVA, INC., Med-Zenith, and Cordis
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Emergen Research has segmented the global Transcatheter Pulmonary Valve Replacement (TPVR) market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Million; 2019-2032)
Balloon-Expandable Valves
Self-Expanding Valves
End-Use Outlook (Revenue, USD Million; 2019-2032)
Hospitals
Cardiac Centers
Ambulatory Surgical Centers
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Transcatheter Pulmonary Valve Replacement (TPVR) Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Transcatheter Pulmonary Valve Replacement (TPVR) Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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