Global Tricuspid Valve Repair Market

Global Tricuspid Valve Repair Market Seeks Prosperous Horizon: Anticipating a US$2.5 Billion Market by 2028

Health

Increasing geriatric population, growing preference for minimally invasive procedures like annuloplasty and transcatheter tricuspid valve repair (TTVR), increased clinical research and trials activities for developing new tricuspid valve repair technologies, and rising incidence of tricuspid valve disorders are some of the key factors driving the global tricuspid valve repair market.

  • Medical technology advancements in the field of cardiac interventions.
  • Improved awareness of heart valve disorders.

One of the four valves in our heart that regulates blood flow is the tricuspid valve. It is located between the ventricle and the atrium, the upper and lower chambers of our heart, on the right side. It guarantees that blood travels from the right atrium to the right ventricle in the proper path. As blood passes through the tricuspid valve, its three leaflets, or flaps, open and close. Tricuspid valve illnesses are disorders that some people have that impair the tricuspid valve’s ability to function. The main types are:

Tricuspid Regurgitation: The valve leaks or doesn’t close tightly enough, allowing blood to leak backward.

Tricuspid Stenosis: The valve’s leaflets are too stiff, which can restrict blood from flowing.

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A medical treatment called tricuspid valve replacement or repair is used to treat conditions that impact one of the four heart valves. It is usually preferred to repair a patient’s valve as opposed to replacing it with a prosthetic device. Typically, valve repair entails the surgeon making changes to the tricuspid or mitral valve’s underlying tissue or components. An annuloplasty ring or band is placed after almost all valve restorations. This is an implanted cloth-covered device that is placed around the mitral or tricuspid valve’s annulus. It strengthens the patient’s valve and draws the valve leaflets closer together, which may lessen leaks that occur across the valve. For those who have tricuspid regurgitation or tricuspid stenosis, this treatment can reduce symptoms and improve survival.

Growth in Tricuspid Regurgitation Management Drives the Tricuspid Valve Repair Market

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The most frequent sign that the tricuspid valve has to be repaired is tricuspid regurgitation, or TR. Approximately 1.6 million Americans suffer from moderate to severe tricuspid regurgitation; by comparison, only a small number of tricuspid valve repair surgeries are carried out each year. The majority of the patients in this demographic are older and have abdominal swelling, peripheral oedema, weariness, and a low tolerance for exertion. Conservative medications, such as high-dose diuretics, are needed to manage these symptoms, although they have little therapeutic impact. Furthermore, tricuspid valve surgery is now covered by clinically authoritative recommendations; yet, the rate of treatment and death is greater in this case than in other valvular illnesses. Less than 1% of patients have surgery because of severe co-morbidities. For the majority of patients, the only way to temporarily reduce volume excess is through medicinal therapy. In order to cure tricuspid regurgitation, there is a growing preference for less invasive methods as opposed to open heart surgery. For instance,

  • In October 2023, The EVOQUE tricuspid valve replacement system from Edwards Lifesciences Corporation has been CE Marked for the transcatheter treatment of tricuspid regurgitation (TR) in qualifying patients, the company stated.
  • In April 2021, Abbott declared that the TriClip Transcatheter Tricuspid Valve Repair System, the first minimally invasive tricuspid heart valve repair technology accessible in Europe for the treatment of tricuspid regurgitation (TR), had been granted CE Mark certification.

Tricuspid Valve Repair Market: Emerging Trends

Some of the emerging trends in the tricuspid valve repair market are:

Transcatheter Approaches: Numerous cutting-edge methods that target prosthetic valve deployment, annuloplasty, and leaflet coaptation are being investigated for transcatheter tricuspid valve repair. The three main categories of percutaneous transcatheter tricuspid repair procedures are coaptation augmentation, direct ring annuloplasty, and direct suture annuloplasty. For instance,

  • In September 2022, Cardiac Implant LLC,announced the successful initial deployment of its Annuloplasty ring with the implementation of a therapeutic adjustment procedure using its innovative Tri-Ring™ percutaneous annuloplasty device

Clip Technologies: Enterprises such as Abbott, with its TriClip apparatus, have been developing inventive clip technologies. Abbott’s TriClip is a novel minimally invasive device intended only for the repair of the tricuspid heart valve. For instance,

  • In May 2023, Abbottreleased late-breaking data that adds to the body of clinical evidence demonstrating the advantages of the TriClip transcatheter edge-to-edge repair (TEER) device in the treatment of patients with leaking tricuspid valves.
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Clinical Trials: Manufacturers’ substantial investments in clinical trials, as well as the development of innovative products, give multiple growth potential for market participants. Ongoing study into the pathophysiology of tricuspid valve illnesses aids in the development of targeted and successful treatment techniques.

  • In September 2020, Medtronic plc, announced U.S. Food and Drug Administration (FDA) approval of an early feasibility study (EFS) of the Intrepid Transcatheter Tricuspid Valve Replacement (TTVR) system in patients with severe, symptomatic tricuspid regurgitation

Bioprosthetic Valves: An increasing number of patients undergoing tricuspid valve replacement (TVR) have received bio-prostheses due to the great durability in the tricuspid position and to the advantage of freeing patients from anticoagulant medication.

Tricuspid Valve Repair Market: Key Constraints/Challenges

The tricuspid valve repair market is confronted with a number of obstacles and constraints. The price of cardiac operations, particularly tricuspid valve replacement treatments, can be substantial. Tricuspid valve repair or replacement is invasive and can result in heart blockages, infections, bleeding, prosthetic valve malfunction, stroke, and death. Tricuspid valve repair frequently necessitates specialist knowledge and abilities. Availability of alternative treatment options or technologies for tricuspid valve problems may also have an influence on market growth.

North America controls the majority of the Global Tricuspid Valve Repair Market

North America has emerged as the global leader in tricuspid valve repair. The region is experiencing significant market growth, which is being driven by stringent favorable regulatory environments for the approval and commercialization of innovative tricuspid valve repair devices, an increase in the prevalence of cardiovascular diseases, including valvular disorders, a growing aging population, and technological advancement. During the predicted period, the European area is likely to have profitable growth. The region’s tricuspid valve repair market is poised for considerable expansion due to improvements in healthcare infrastructure, increased awareness of heart valve abnormalities, the incidence of cardiovascular illnesses, and rising healthcare spending.

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Tricuspid Valve Repair Market: Competitive Landscape

The top market players in the global tricuspid valve repair market include Edwards Lifesciences Corp., Abbott, Medtronics, Corcym, Labcor, Valtech Cardio Ltd., Sorin S.p.A., CroiValve, FOLDAX, Cardia Implant LLC, LivaNova PLC, Cyberonics Inc., Boston Scientific Corporation, Micro Interventional Devices Inc., 4Tech Inc., among others.

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Tricuspid Valve Repair Market

Players operating in this market are adopting both organic and inorganic growth strategies such as collaborations, and acquisitions to garner market share. For instance,

  • In April 2023, Corcym, announced the acquisition of the BioStable Science & Engineering assets including the HAART Aortic Annuloplasty Devices, the world’s only aortic internal annuloplasty devices designed for use during valve repair for aortic insufficiency
  • In August 2022, Edwards Lifesciences Corporation, announced the company’s PASCAL Precision transcatheter valve repair system received a CE Mark for the treatment of mitral and tricuspid regurgitation (MR and TR)
  • In February 2022, CroíValve, a Dublin-based medical device company raised euro8M Series A funding to fund a feasibility clinical study with its DUO Coaptation Valve system

The tricuspid valve repair business is a fast-paced, ever-changing industry. The market is predicted to expand due to developments in transcatheter tricuspid valve repair technology, expanding clinical studies, and aggressive organic and inorganic growth tactics employed by industry participants.

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