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Market Brief: Innovation Will Drive 13% Growth In Global Transcatheter Mitral Valve Repair Market by 2023, Outpacing Growth Of TAVR

 
• By Marion Webb

The transcatheter heart valve management products market will reach $6.7bn by 2023, driven by the rising prevalence of heart disease. Transcatheter aortic valve replacement (TAVR) procedures lead the market, but innovation and rising competition, including from companies in China and India, will fuel double-digit growth in the much smaller mitral valve repair market, dominated by Abbott's MitraClip.

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The global market for transcatheter heart valve management products, which includes TAVR systems and transcatheter mitral valve repair (TMVRep) products, is expected to grow at a compound annual growth rate of 9.6%, reaching $6.7bn by 2023, according to a new analyst report "Minimally Invasive Heart Valve Repair And Replacement Devices," from Informa's Meddevicetracker

This growth is driven primarily by technological advancements and expanded indications. Recent trial data showing noninferiority of transcatheter treatment to surgical treatment for some patients has led to new indications...

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