The growth of the global annuloplasty rings market was impacted by the pandemic in 2020. Hospitals were temporarily closed for non-emergency surgical treatment in the first half of 2020. This led to a slight dip in the demand for annuloplasty rings. However, the market is expected to have a healthy growth in 2021 owing to the increasing prevalence of heart valve diseases, coupled with the rising aging population.
The market is expected to be driven by factors such as the increasing prevalence of heart valve diseases, increasing preference for mitral valve repair over mitral valve replacement, and technological advances.
Request a Free Sample Report
Annuloplasty Rings Market: Opportunities
The lack of awareness of heart valve diseases, lack of skilled cardiologists, and high cost of advanced annuloplasty rings, especially in developing regions are creating a high unmet demand for quality healthcare. This is encouraging vendors in the market to expand their operations in such regions and tap the growth potential. Also, the high prevalence of valvular heart diseases globally is expected to create several opportunities for market players during the forecast period.
Annuloplasty Rings Market: Segmentation by Application
Based on the segmentation by application, the market generated maximum revenue in the mitral valve repair segment in 2020. The segment is driven by the increasing prevalence of MR and the rise in the number of mitral valve repair procedures. Also, increasing investments in R&D by vendors is expected to fuel the growth of the segment during the forecast period.
Annuloplasty Rings Market: Segmentation by Geography
North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in Asia. The growth of the market in North America can be attributed to the availability of improved healthcare infrastructure, the increasing adoption of advanced annuloplasty rings, and the strong presence of established vendors. Also, the rapid rise in the geriatric population is expected to contribute to the growth of the angioplasty rings market in North America during the forecast period.
Develop strategies to make the most of future growth opportunities
Grab an Exclusive Report Now!
Annuloplasty Rings Market: Major Vendors
Abbott Laboratories
The company offers products for rhythm management, electrophysiology, heart failure, vascular, structural heart, and neuromodulation. Attune Flexible Adjustable Annuloplasty ring is the key product offered by the company.
AFFLUENT MEDICAL SA
The company designs and develops endovascular prosthesis, mitral annuloplasty, prosthesis, and other related devices for the treatment of abdominal aortic aneurysm, urinary incontinence, and mitral valve repair and replacement. The key products offered by the company include Kalios, Epygon, and Artus products. Mitral annuloplasty ring is the key product offered by the company.
BioStable Science & Engineering Inc.
The company generates revenue by developing and commercializing proprietary valve repair technologies. This company offers HAART 200 Aortic Annuloplasty Device.
Boston Scientific Corp.
The company offers technologies for diagnosing and treating coronary artery disease and other cardiovascular disorders including structural heart conditions, products to diagnose and treat peripheral arterial and venous diseases, and products to diagnose, treat and ease various forms of cancer. IRIS mitral annuloplasty ring is the key product offered by the company.
LivaNova Plc
The company is involved in the development, production, and sale of cardiopulmonary products, heart valves, and advanced circulatory support products. AnnuloFlex annuloplasty ring is the key product offered by the company.
Request for a complete report to know the strategy adopted by Vendors during the COVID-19 recovery phase
Related Reports on Annuloplasty Rings Market:
Global Anesthesia Devices Market – Know about the latest consumer trends, major vendor offerings, and factors impacting the growth of the anesthesia devices market.
Download Exclusive Free Sample Report
Global Ambulatory Blood Pressure Monitoring Systems Market – ambulatory blood pressure monitoring systems market is expected to witness maximum growth in North America during 2021-2025. Explore information on the production, sustainability, and prospects of several leading companies.
Download Exclusive Free Sample Report
Global Advanced Wound Care Market – Analyze the impact of the COVID-19 pandemic on the advanced wound care market, adopt better marketing tactics, and prepare for what's next.
Download Exclusive Free Sample Report
Global Ureteroscopy Devices Market – The global ureteroscopy devices market is expected to benefit from the presence of integrated systems in hybrid operating rooms and the growing prevalence of kidney stones and ureteral cancer.
Download Exclusive Free Sample Report
Global Robotic Surgery System Market – Global robotic surgery system market is segmented by product (instruments and accessories, system, and services), end-user (hospitals and ASCs), application (gynecology, general surgery, urology, cardiac surgery, and others), and geography (North America, Europe, Asia, and ROW).
Download Exclusive Free Sample Report
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Mitral valve repair - Market size and forecast 2020-2025
- Tricuspid valve repair - Market size and forecast 2020-2025
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- Asia - Market size and forecast 2020-2025
- ROW - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abbott Laboratories
- AFFLUENT MEDICAL SA
- BioStable Science & Engineering Inc.
- Boston Scientific Corp.
- CORONEO Inc.
- Edwards Lifesciences Corp.
- Genesee BioMedical Inc.
- LivaNova Plc
- Medtronic Plc
- Valcare Medical
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
Report: www.technavio.com/report/annuloplasty-rings-market-industry-analysis
SOURCE Technavio
Related Links
http://www.technavio.com
Share this article