Overview and Scope
Pediatric heart valve repair and replacement refers to the medical procedures and technologies used to address heart valve issues in children. These procedures aim to treat congenital or acquired heart valve disorders in children, often necessitated by conditions such as congenital heart defects, heart muscle disease, arrhythmias, and atresia.
Sizing and Forecast
The pediatric heart valve repair and replacement market size has grown steadily in recent years. It will grow from $3.23 billion in 2023 to $3.36 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to increasing prevalence of congenital heart defects, growing awareness and early diagnosis, supportive regulatory environment, rising healthcare investments, and patient and parent advocacy.
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Segmentation & Regional Insights
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
North America was the largest region in the pediatric heart valve repair and replacement market in 2023. The regions covered in the pediatric heart valve repair and replacement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the pediatric heart valve repair and replacement market report are Abbott Laboratories, Medtronic plc, Labcor Laboratórios Ltda, Boston Scientific Corporation, Bracco Group , Lepu Medical Technology (Beijing) Co. Ltd., Edwards Lifesciences Corporation, Artivion Inc., CryoLife Inc., LivaNova PLC, TTK Healthcare Limited, Braile Biomedica Ltda., Arbor Surgical Technologies Inc. , Micro Interventional Devices Inc., Xeltis AG, Auto Tissue Berlin GmbH, BioStable Science and Engineering Inc., Colibri Heart Valve LLC, Valcare Medical, Symetis SA, Neovasc Inc., Aortech international Plc., On-X Life Technologies Holdings Inc., JenaValve Technology Inc., Meril Life Sciences Pvt. Ltd.
The pediatric heart valve repair and replacement market report table of contents includes:
1. Executive Summary
2. Pediatric Heart Valve Repair And Replacement Market Characteristics
3. Pediatric Heart Valve Repair And Replacement Market Trends And Strategies
4. Pediatric Heart Valve Repair And Replacement Market – Macro Economic Scenario
5. Global Pediatric Heart Valve Repair And Replacement Market Size and Growth
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32. Global Pediatric Heart Valve Repair And Replacement Market Competitive Benchmarking
33. Global Pediatric Heart Valve Repair And Replacement Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pediatric Heart Valve Repair And Replacement Market
35. Pediatric Heart Valve Repair And Replacement Market Future Outlook and Potential Analysis
36. Appendix
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