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HEALTHCARE & PHARMACEUTICAL

Rheumatic Mitral Valve Diseases Treatment Market Segmentation by Disease Type (Stenosis, Prolapse, and Regurgitation); by Diagnosis (Echocardiogram, ECG, Holter Monitoring, and Others); by Treatment {Drugs (Beta Blockers, Diuretics, and Others), Valvuloplasty, and Surgery}; by End-User (Hospitals, Diagnostic Center, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Rheumatic Mitral Valve Diseases Treatment Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • January 31, 2021: Edwards Lifesciences announced positive outcomes of the clinical trial that demonstrate Edwards' bioprosthetic surgical aortic valve with RESILIA tissue platform. The tissue showed favorable functioning and safety after 5 years of use.
  • December 03, 2018: JenaValve Technology, Inc., announced the FDA approval of its new technology IDE, for the treatment of patients with severe aortic stenosis and severe aortic regurgitation.

Global Rheumatic Mitral Valve Diseases Treatment Market Highlights over 2022-2030

The global rheumatic mitral valve diseases treatment market is estimated to garner a sizeable revenue by growing at a significant CAGR over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the growing prevalence of rheumatic fever, which is the major cause of mitral valve diseases. More than 60% of the cases of rheumatic fever result in mitral valve disease. According to the data by WHO, rheumatic mitral valve disease cause over 288 348 deaths each year. The heart and joints are worst affected by rheumatic fever, with symptoms, such as, blood clotting, calcium accumulation, back flow of blood from atrium to ventricle, and other chronic issues. If detected early, rheumatic mitral valve diseases can be treated using drugs and medication, whereas, surgery is required in critical cases. The increasing R&D activities, to improve drugs, and develop new treatment methods, is estimated to boost the market growth throughout the forecast period.

Rheumatic Mitral Valve Diseases Treatment Market GraphThe global rheumatic mitral valve diseases treatment market is segmented by diagnosis into echocardiogram, ECG, Holter monitoring, and others, out of which, the echocardiogram segment is anticipated to hold a notable share in the market during the forecast period on account of the detailed image produced by echocardiogram. This test uses ultrasound waves to generate images of the heart’s structure and function, and can accurately detect any mitral valve diseases. On the basis of treatment, the market is segmented into drugs, valvuloplasty, and surgery. Out of these segments, the drugs sub-segment is further segmented into beta blockers, diuretics, and others. The drugs segment is anticipated to garner the largest revenue over the forecast period, owing to the increasing use of medications to treat mitral valve diseases, as surgeries can be risky and complicated. On the basis of end-user, the market is segmented into hospitals, diagnostic center, and others, out of which, the hospitals segment is projected to garner the largest share throughout the forecast period, on the back of increasing patient pool, along with complications associated with the treatment, which requires expert attention. CLICK TO DOWNLOAD SAMPLE REPORT  

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Rheumatic Mitral Valve Diseases Treatment Market Regional Synopsis

Regionally, the global rheumatic mitral valve diseases treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of efficient medical practitioners present in the region, as a result of advanced healthcare system and high government expenditure in healthcare sector. According to other report by the World Health Organization (WHO), as of 2018, the per capita healthcare expenditure of North America valued USD 10,050.279. Moreover, increasing mortality rate of heart diseases, is expected to boost the market growth. In 2017, valvular heart diseases caused more than 3000 deaths in the U.S. Growing R&D activities are another major factor promoting the market growth in the region. The market in the Asia Pacific region is estimated to witness higher CAGR over the forecast period on the back of improving medical facilities, and advancement in healthcare technologies. Moreover, rheumatic fever is more common in low-income economies, such as, India, Indonesia, and others, which is estimated to boost the market growth in the region.

Rheumatic Mitral Valve Disease Treatment Market Share Image

The global rheumatic mitral valve diseases treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global rheumatic mitral valve diseases treatment market includes the following segments:

By Disease Type

  • Stenosis
  • Prolapse 
  • Regurgitation

By Diagnosis

  • Echocardiogram
  • ECG
  • Holter Monitoring
  • Others

By Treatment

  • Drugs
    • Beta Blockers
    • Diuretics
    • Others
  • Valvuloplasty
  • Surgery

By End-User

  • Hospitals
  • Diagnostic Center
  • Others

Growth Drivers

  • Rising Prevalence of Rheumatic Fever
  • Increasing Investment in Developing New Drugs

Challenges

  • Complications Associated to Heart Surgeries
  • High Cost of Treatment

Top Featured Companies Dominating the Market

  • JenaValve Technology, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • B. Braun Melsungen AG
  • CryoLife Inc.
  • Edwards Lifesciences Corporation
  • Neovasc Inc.
  • HighLife SAS
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Medtronic PLC
  • Siemens Healthcare GmbH

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