Latest News- Annuloplasty Rings Market: Mitral valve repair is expected to lead the Application segment during 2025-2029

The Annuloplasty Rings Market is being driven by Increasing prevalence of heart valve diseases

The Annuloplasty Rings Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 58.1 million. In the realm of aortic valve disease treatment, annuloplasty rings have emerged as a preferred choice for many patients and healthcare providers. Unlike mechanical or biologic valve replacement, annuloplasty is a repair technique that aims to restore the functionality of the native aortic valve. This approach offers several advantages, including lower operative mortality, reduced risk of valve-related complications, improved long-term ventricular function, and enhanced long-term survival. Annuloplasty is an integral component of aortic valve repair/sparing procedures, which focus on reducing the dilated aortic annulus and safeguarding the repair by optimizing the coaptation surface. The benefits of aortic valve repair procedures are significant, making them a preferred choice for eligible patients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Mitral valve repair
  • Tricuspid valve repair
  • Aortic valve repair
• End-user
  • Hospitals
  • Ambulatory surgical centers
  • Specialty clinics
• Service
  • Saddle-shaped rings
  • Semi-rigid rings
  • Flat-shaped rings
• Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of heart valve diseases
• Increasing preference for mitral valve repair over mitral valve replacement
• Technological advances in annuloplasty rings

However, the market also witnesses some limitations, which are as follows:

• High cost of annuloplasty rings
• Lack of awareness of heart diseases and shortage of skilled cardiologists
• Limitations and drawbacks associated with annuloplasty rings

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Market Scope in Annuloplasty Rings Market Research Report

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Research Analysis Overview

The Annuloplasty Rings Market encompasses the production, sales, and innovation of annuloplasty rings used in valve leaflet repair during cardiac surgery. Ring size, materials, and placement are crucial factors, influencing durability and complications. Outcomes, cost, and reimbursement are significant considerations. Valve repair techniques and guidelines shape the market, with annuloplasty rings contributing to the valve repair, surgery, and medical device industries' growth. Future advancements in materials and technology are expected to expand the market's potential. The Annuloplasty Rings Market is a vital segment of the Valve Repair, Valve Surgery, Cardiac Surgery, and Medical Device markets.

Market Research Overview

The Annuloplasty Rings Market is a significant segment within the expansive Global Healthcare Equipment Market, according to Technavio's market research. This market focuses on annuloplasty rings used in mitral valve repair and aortic valve repair procedures. These rings address conditions such as valve regurgitation and valve prolapse, which can lead to heart valve surgery and cardiac surgery. Technavio's calculation of the Global Healthcare Equipment Market size involves the consolidated revenue generated by manufacturers of diagnostic equipment and devices, encompassing capital equipment, instruments, implants, accessories, and consumables, employed in diverse therapy areas. The Healthcare Equipment Industry encompasses various segments, including Devices, which covers advanced, differentiated, and clinically tested data-driven devices. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/