Mitral Valve Annuloplasty Rings Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Mitral Valve Annuloplasty Rings Market is Segmented By Product Type (Rigid/Semi-rigid Rings, Flexible Rings, Partial Rings), By Ring Composition (Poly....
Mitral Valve Annuloplasty Rings Market Size
Market Size in USD
CAGR5.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.3% |
| Market Concentration | High |
| Major Players | Abbott Laboratories, Medtronic plc, Edwards Lifesciences Corporation, LivaNova PLC, Braun Melsungen AG |
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Mitral Valve Annuloplasty Rings Market Analysis
The Mitral Valve Annuloplasty Rings Market is estimated to be valued at USD 0.92 Billion in 2024 and is expected to reach USD 1.35 Billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The increasing prevalence of valvular heart diseases globally due to the rising geriatric population and the growth in technological advancements are expected to propel the demand for Mitral Valve Annuloplasty Rings over the forecast period.
The Mitral Valve Annuloplasty Rings Market is expected to witness positive growth over the next few years. Rising rates of mitral regurgitation due to the growing elderly population base are raising the demand for mitral valve repair surgeries. Additionally, the development of innovative repair devices such as flexible rings and undersized rings is fueling adoption. However, the high cost of surgeries and device complexity remain challenges to Market growth.