Market Highlights:
The narrowing down of the mitral valve obstructs the blood flow from the left atrium to the left ventricle of the heart. This medical condition is called mitral stenosis. The increase in occurrence of rheumatic fever is subsequently surging the number of people suffering from mitral stenosis. Additionally, an increase in patient pool afflicted with heart ailments is predicted. These factors are expected to bolster the global mitral valve stenosis market trends growth. The sedentary lifestyle and changing food habits are also expected to cast a positive impact on the global mitral valve market growth. Technological updates are backing firm medical infrastructure. This is causing improvements in treatment. Hence, is likely to boost the market growth during the forecast period.
On the flip side, the high medical expense and restaints in the process of medical device approval can hinder the market expansion.
Key Players
Some of the key players in the global mitral valve stenosis market are Medtronic Plc, Edward Lifesciences, Boston Scientific Corporation, Abbott Laboratories, HighLife Medical, Neovasc Inc., CryoLife, Inc., On-X Life Technologies, Inc., Braun Melsungen AG, JenaValve Technology, Siemens Healthcare, and Micro Interventional Devices, Inc.
Regional Analysis:
Based on the region, the market growth has been analyzed across North America, South America, Asia Pacific, Europe, and the Middle East Asia.
MRFR identified that the global mitral valve stenosis market in the North and South American region is expected to dominate, globally. Factors like the increase in prevalence of heart ailments, the surge in technical advancements backing medical infrastructural enhancements, and surge in the healthcare expenditure are likely to stimulate the regional market growth.
The increase in prevalence of cardiac malaises and the hike in healthcare expenditure in Europe are identified to bolster the regional mitral valve stenosis market growth. MRFR forecasts the European mitral valve stenosis market to hold the second largest market size, globally.
The mitral valve stenosis market in APAC is expected to grow at the fastest rate. The increase in medical tourism, upgradations in clinical trials regulations, the rapid adoption of advanced medical technologies, mitral valve repair surgery statistics and availing special incentives for investing in making improvements in the healthcare industry are factors that are likely to augment the regional market growth over the review period.
The Middle East Asia and Africa is anticipated to hold the least market share over the assessment period. However, the government’s significant move enhancing the medical base of the region can fuel the mitral valve stenosis market growth.
Market Segmentation:
The global mitral valve stenosis market has been segmented into treatment, diagnostic tests, and end user.
Based on the diagnostic test, the global mitral valve stenosis market has been segmented into transthoracic echocardiogram, cardiac catheterization, electrocardiogram (ECG), transesophageal echocardiogram, and others.
Based on the treatment, the global mitral valve stenosis market has been segmented into medication and procedures. The medication segment has been further classified into antibiotics, blood thinners, beta blockers, medication and procedures, diuretics, and anti-arrhythmic drugs. The procedures segment has been narrowed down to mitral valve surgery and mitral valvuloplasty. The mitral valve surgery segment has been sub-segmented into and mitral valve replacement and mitral valve replacement. Due to the increase in number of medical devices manufacturers, concerned with mitral valve stenosis, the procedure segment is expected to shape a assuring future of the mitral valve stenosis market over the review.
Based on the end-user, the global mitral valve stenosis market has been segmented into hospital and clinics, diagnostic centers, and others.
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