ANNULOPLASTY RINGS MARKET SEEN SOARING 3.53% GROWTH TO REACH USD 45.1 MILLION BY 2030, PROJECTS UNIVDATOS MARKET INSIGHTS
- Himanshu Patni
- June 28, 2024
- HEALTHCARE, NEWS
- Annuloplasty rings market
- 0 Comments
Key Highlights of the Report:
- Growing demand in the healthcare sector: The annuloplasty rings market is experiencing significant growth due to increasing demand in the healthcare sector, driven by growing cases of cardiovascular diseases.
- Rise in cardiovascular disease diagnostic & treatment market: There has been a growing demand for cardiac treatment owing to increased incidences of heart diseases.
- Major investments in advanced pacemakers: Medical device companies have adopted collaborative strategies to develop improved methods of working with annuloplasty rings.
- Semi-rigid annuloplasty rings gaining traction in the market: Due to their unique features, semi-rigid annuloplasty rings are gaining traction in the market.
According to a new report by Univdatos Market Insights, Annuloplasty Rings Market is expected to reach USD 45.1 Million in 2030 by growing at a CAGR of 3.53%. Annuloplasty rings are devices used in heart valve repair procedures, specifically for the mitral valve. The mitral valve is located between the left atrium and the left ventricle of the heart. Its proper function is crucial for maintaining blood flow in one direction. The annuloplasty ring is a circular or semi-circular structure made of biocompatible materials like metal or fabric. It is surgically implanted around the base (annulus) of the mitral valve. The annulus is the fibrous ring-like structure that provides structural support to the valve. The primary purpose of annuloplasty rings is to address issues with the size, shape, or elasticity of the mitral valve annulus. Several factors are contributing to the growth of annuloplasty rings including the rising number of cardiovascular disease cases like coronary heart disease and hypertension, the surge in awareness programs regarding heart disorders, and rising investments in cardiology departments are driving the growth of cardiac disorder treatment. Apart from these factors, rising innovative product launches are leading the market in this forecast period. For instance, in January 2021, Valcare Medical Ltd. developer of transcatheter mitral and tricuspid valve repair and replacement solutions, announced the completion of its first-in-human transseptal delivery of the AMEND™ annuloplasty ring.
The report suggests that the Rising Expenditure on the Cardiology Sector is one of the major factors driving the growth of the cardiac health market during the forthcoming years. For instance, in April 2021, according to the American Heart Association Journal, US adult cardiovascular spending increased by >100 billion USD in the last 25 years. The escalating expenditure in the cardiology sector has been a key driver for the growth of the annuloplasty rings market. Annuloplasty rings are crucial components in heart valve repair and replacement procedures, specifically for mitral and tricuspid valves. The increasing prevalence of valvular heart diseases, coupled with a rise in cardiovascular procedures, has fuelled the demand for annuloplasty rings. As healthcare systems invest in advanced technologies and surgical techniques, the market sees a surge in demand for innovative and technologically sophisticated annuloplasty rings. These devices play a pivotal role in restoring and maintaining the proper functioning of heart valves. The growing emphasis on minimally invasive procedures and the development of novel materials for annuloplasty rings contribute to market expansion.
Semi-rigid Annuloplasty Rings Gaining Traction in the Market:
Semi-rigid annuloplasty rings play a crucial role in cardiac surgery, offering a balance between flexibility and structural support to address valvular heart diseases, and contributing to improved patient outcomes. Semi-rigid rings offer a middle ground between flexibility and rigidity. This unique characteristic allows them to provide structural support to the valve annulus while accommodating the natural movements of the heart. This balance is particularly advantageous in maintaining proper valve function. The rise in minimally invasive cardiac surgeries has spurred the demand for annuloplasty rings that can be effectively used in these procedures. Semi-rigid rings, with their flexibility and appropriate design, are well-suited for minimally invasive techniques, contributing to quicker recovery times and reduced postoperative complications. The increasing preference for semi-rigid annuloplasty rings is driven by their unique features, including the optimal balance of flexibility and rigidity, durability, suitability for minimally invasive procedures, versatility in valve repair, technological advancements, and positive clinical outcomes.
Fig: Hypertension Prevalence 2011-2021, U.S.
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Conclusion
The global annuloplasty ring market is a rapidly growing field, with advancements in technology leading to improved outcomes for patients with cardiovascular disease. The global annuloplasty ring market is expected to continue to grow in the coming years, as new technologies are developed. Overall, the global annuloplasty rings market represents a significant opportunity for medical device industries, which are making strategic alliances to design an effective annuloplasty ring for valve regurgitation treatment. With continued research and development, even more effective and minimally invasive treatments will likely become available in the future, leading to improved outcomes for patients and doctors through annuloplasty rings.
Key Offerings of the Report
Market Size, Trends, & Forecast by Revenue | 2023−2030
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Rigidity, Application, and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
