The Pediatric Heart Valve Repair And Replacement Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pediatric Heart Valve Repair And Replacement Global Market Report 2024, The pediatric heart valve repair and replacement market size is expected to see steady growth in the next few years. It will grow to $3.77 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to increased incidence of pediatric cardiovascular conditions, expanded access to pediatric cardiac care, growing emphasis on early intervention, rise in pediatric cardiovascular research, and global healthcare infrastructure development. Major trends in the forecast period include growing adoption of tissue-engineered heart valves, pediatric-specific device innovation, expansion of hybrid approaches, rising application of 3d printing technology, and pediatric valve-in-valve procedures.
The increasing incidence of congenital heart defects is expected to propel the growth of the pediatric heart valve repair and replacement market going forward. A congenital heart defect (CHD) is a problem with the structure of the heart that is present at birth. Pediatric heart valve repair and replacement are used in the treatment of congenital heart defects to improve the heart’s function and the child’s overall health, prevent complications, and improve the quality of life for affected children. For instance, in March 2022, according to reports published by the American Heart Association, Inc., a US-based nonprofit organization, more than 2.4 million Americans currently live with a congenital heart defect (CHD), and every year, around 40,000 infants in the United States are born with cardiac defects. Therefore, the increasing incidence of congenital heart defects will drive concrete restoration market growth.
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The pediatric heart valve repair and replacement market covered in this report is segmented –
1) By Product: Heart Valve Repair, Mechanical Heart Valves, Bioprosthetic Heart Valves, Transcatheter Aortic Valve Implantation (TAVI)
2) By Indication: Congenital Heart Defects, Heart Muscle Disease, Atresia, Arrhythmias, Other Cardiac Disorders
3) By End-User: Hospitals, Independent Cardiac Catheterization Labs, Ambulatory Surgical Centers
Major companies operating in the pediatric heart valve repair and replacement industry are adopting a strategic partnership approach to provide tailored solutions to meet the unique needs of pediatric cardiac care. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2023, PolyVascular Inc., a US-based medical technology manufacturer, partnered with CobiCure., a US-based, not-for-profit pediatric-focused organization to advance a pediatric heart valve repair. With this partnership, they aim to provide a tailored, non-surgical approach to address congenital heart defects in children, eliminating the need for multiple open-heart surgeries as children outgrow traditional valves and reducing the associated complications.
The pediatric heart valve repair and replacement market report table of contents includes:
- Executive Summary
- Pediatric Heart Valve Repair And Replacement Market Characteristics
- Pediatric Heart Valve Repair And Replacement Market Trends And Strategies
- Pediatric Heart Valve Repair And Replacement Market – Macro Economic Scenario
- Global Pediatric Heart Valve Repair And Replacement Market Size and Growth
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- Global Pediatric Heart Valve Repair And Replacement Market Competitive Benchmarking
- Global Pediatric Heart Valve Repair And Replacement Market Competitive Dashboard
- Key Mergers And Acquisitions In Pediatric Heart Valve Repair And Replacement Market
- Pediatric Heart Valve Repair And Replacement Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Abbott Laboratories
- Medtronic plc
- Labcor Laboratórios Ltda
- Boston Scientific Corporation
- Bracco Group
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