Cardiac Valvulotome Market Poised to Witness High Growth due to Rising Prevalence of Valvular Heart Diseases


Posted June 3, 2024 by leenacmi

The Cardiac Valvulotome market consists of medical devices used for removal of damaged heart valves through minimally invasive procedures.
 
The Cardiac Valvulotome market consists of medical devices used for removal of damaged heart valves through minimally invasive procedures. Cardiac valvulotomes assist in puncturing and tearing the diseased heart valve leaflets for removal. They come in various shapes and sizes depending on the valve type. The demand for cardiac valvulotomes is increasing owing to the rising prevalence of valvular heart diseases such as stenosis and regurgitation. As per estimates, over 5 million people in the US suffer from valvular heart diseases. Non-invasive procedures such as valvuloplasty reduce trauma, complication risks and recovery time of patients as compared to open-heart surgeries. The global cardiac valvulotome market is estimated to be valued at US$ 115.8 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Cardiac Valvulotome Market Demand are LeMaitre, INVAMED, GeoSurgical, LimFlow, Inc., B. Braun SE, Teleflex Incorporated, StarFish Product Engineering Inc., Koven Technology Canada Inc., Andramed, Zgrum Medical, BD, PEAK SURGICAL, and Symmetry Surgical Inc. Majority of these players are focusing on new product launches and geographical expansions to strengthen their market presence.

There is high demand for minimally invasive cardiac procedures worldwide which opens various opportunities for valvulotome manufacturers. Requirement for durable, effective and easy to use valvulotomes catering to different anatomy and pathology is encouraging innovations.

Key players are expanding their cardiac valvulotome offerings globally especially in emerging markets of Asia Pacific, Middle East, and Latin America. Regions with large geriatric population and improving healthcare infrastructure are being targeted for business expansion. Partnerships with local distributors help establish firm supply channels in new geographical areas.

Market Drivers
Growing popularity of transcatheter aortic valve replacement (TAVR) and mitral clip procedures is a major market driver. These minimally invasive treatments essentially require valvulotomes to prepare the native valve for replacement.

Increasing healthcare expenditure per capita in developing nations allows more patients to opt for non-invasive cardiac valve repair procedures rather than high-risk open-heart surgeries. This fuels uptake of disposable valvulotomes.

Market Restrains
High cost of valvulotome devices poses affordability challenges, restricting their adoption in price sensitive markets.

Lack of reimbursement coverage for valvular heart diseases in some countries hampers procedure volumes and corresponding valvulotome demand.
Segment Analysis
The hospital segment dominates the market and accounted for the largest share in 2024. This is majorly due to the high number of cardiac or cardiovascular surgeries performed in hospitals compared to other end users such as ambulatory surgical centers and specialty clinics. The increasing disposable income and healthcare expenditure has resulted in more patients opting for surgeries in hospitals. Thus, hospital segment will continue to dominate the cardiac valvulotome market during the forecast period.

Global Analysis
The North America region accounted for the largest share of the global cardiac valvulotome market in 2024. This is attributed to the growing incidence of cardiovascular diseases, developing healthcare infrastructure, high healthcare spending, and presence of key players in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to the rising geriatric population, increasing investments in healthcare sector by key players, and growing medical tourism in countries such as India, Japan and China.
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Last Updated June 3, 2024