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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

INFINIUM GLOBAL RESEARCH


Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

INTRODUCTION REPORT DESCRIPTION

The mitral valve, also known as the bicuspid valve or left atrio-ventricular valve, is a dual-flap valve in the heart that lies between the left atrium and the left ventricle. The mitral valve and the tricuspid valve are known collectively as the atrio-ventricular valves because they lie between the atria and the ventricles of the heart. The mitral valve manages blood flow between left atrium and left ventricle; and prevents backward flow of the blood into left atrium. Mitral regurgitation is leakage of blood backward through the mitral valve each time the left ventricle contracts. This is a most common mitral valve disorder that causes abnormal blood flow. As a remedy for this problem, surgeons use mitral surgical vale repair procedures or transcatheter replacement methods. The Global Transcatheter Mitral Valve Replacement (TMVR) Market is projected to grow with a CAGR of 17.9% during 2017-2023 and reach USD 3.0 billion by 2023. This report estimates the market size of TMVR in terms of value (USD Million) over the period of 2015 to 2023. The year 2015 are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for TMVR by Product and by regions are estimated in terms of value. This market research study provides detailed qualitative and quantitative analyses of the Global TMVR Market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of TMVR. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of TMVR Market. Moreover, the study highlights current market trends and provides forecast from 2015 to 2023. We 2

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

also have highlighted future trends in the Global TMVR Market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RES EARCH SCOPE

TMVR MARKET SEGMENTATION

Region Product

 Transapical implantation  Transfemoral implantation

North America Europe Asia Pacific RoW

The global TMVR market based on Product is segmented into transapical implantation, and transfemoral implantation. The Global TMVR Market is analyzed covering the regions such as North America, Europe, Asia- Pacific and Rest of the World.

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

RESEARCH METHODOLOGY METHODOLOGY

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the TMVR market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.

RESEARCH METHODOLOGY: AN OUTLINE

Primary Research

Secondary research

• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars

• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and World bank, among others. • Websites and publications by research agencies • Agency for Healthcare Research and Quality • Health Data • Public Health England • Government of Canada Publications

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

RESEARCH APPROACHES

The study on global TMVR Market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million. The research also covers the analysis of the various segments in the global TMVR market. The estimates in the global TMVR market are based on both bottom-up and top-down approaches. RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of Transcatheter Mitral Valve Replacement (TMVR)and its product

• Segment revenue of the key players • Country level market size by product type (sales value)

• Identifying key players in the Transcatheter Mitral Valve Replacement (TMVR) market

• Accumulation of the regional/country market size (sales value) • Global market size of product

In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of TMVR market.

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES.

PRIMARY SOURCES

• Industry Publications

of

end-use

• Industry news ‘ • Data sources • Agency for Healthcare Research and Quality

Infinium’s Data bank/Know how

• HealthData • The Cochrane Collaboration

•C-level executives in the leading manufacturing companies of Transcatheter Mitral Valve Replacement (TMVR) •Product managers •Sales managers •Industry consultants •Distributors/Suppliers

• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Journals Primary Research

Secondary Research

• Paid Databases

Company Publications .

SUPPLY SIDE

• Others

General. Publications

DEMAND SIDE

• Government Agencies’ Publications

•Top executives industries •Intermediaries

Data Triangulation and Information Sources

The market size of TMVR is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the TMVR market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the TMVR market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the TMVR market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of TMVR. With the help of primary interviews and secondary research the market size of TMVR is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of TMVR in the world market.

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

EXECUTIVE SUMMARY GLOBAL TMVR MARKET HIGHLIGHTS, (USD MILLION)

The mitral valve manages blood flow between left atrium and left ventricle; and prevents backward flow of the blood into left atrium. Mitral regurgitation is leakage of blood backward through the mitral valve each time the left ventricle contracts. This is a most common mitral valve disorder that causes abnormal blood flow. As a remedy for this problem, surgeons use mitral surgical vale repair procedures or transcatheter replacement methods. Some of the key driving factors attributing to the growth of this market include increasing number of patients with mitral valve disorders. Approximately 7 million people in the U.S., suffer from mitral regurgitation in the U.S., and they represent approximately 2% of the nation's population. Similarly, approximately the same number of people suffer from the condition in Europe. This group includes 4.1 million people who have moderate to severe mitral regurgitation. The number of new patients suffering with mitral regurgitation disease added each year is 250,000. Among this 4.1 million patients, only about 20% or 1.67 million are eligible for the treatment. This creates huge opportunity for the global transcatheter mitral valve replacement market. In addition, increasing adoption of minimally invasive procedures over traditional surgical open heart procedures, reduction in hospital stays, low risk of infection, minimal blood loss are further propelling the market. According to World Health Organization (WHO), it has been estimated that the number of people suffering from cardiovascular diseases will increase to 22.2 million by 2030. The market for TMVR is expected to reach around USD 3.0 billion by 2023, growing at a CAGR of 15.9% during the forecast period of 2017e to 2023f. However, there are certain restraining factors which could hamper the growth of this market, which includes, high costs associated with the LMVD implantation compared to other therapies available for CVD diseases.

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

Geographically, North America is leading contributor to the market and is expected to retain its position during the forecast period. Nonetheless, the market for AsiaPacific region is expected to grow at a faster rate owing to increasing prevalence of CVD diseases, growing awareness about minimally invasive surgical procedures among the population, improving healthcare infrastructure, rise in healthcare spending, and favorable government policies. Some of the key players in the Global TMVR Market are Edwards Lifesciences Corp, Medtronic plc, Abbott Laboratories, Micro Interventional Devices, Neovasc. , Sinomed and others TMVR market is expected to experience significant growth globally. The global market for TMVR is expected to grow at a CAGR 15.9% over the period of 2017 to 2023, emerging markets are expected to impact the growth rate over the forecast period. GLOBAL TMVR MARKET, CAGR GROWTH BY REGIONS (2015 – 2023)

x.x

x.x %

%

x.x

%

North America Latin America

x.x %

Europe Asia

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS

DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global TMVR Market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the TMVR market. Drivers refer to the factors that are expected to drive or boost the market size or demand for TMVR. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of TMVR market both in short run and long run. DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL TMVR MARKET

D

• Driver 1 • Driver 2 • Driver 3

R

• Restraint 1 • Restraint 2 • Restraint 3

O

• Opportunity 1 • Opportunity 2

Drivers

Restraints

Opportunities

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

IGR- GROWTH MATRIX ANALYSIS

Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2017 – 2023

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Consolidation zone

Opportunity zone High

Low Risky zone

Retention zone Market Size High

Low

North America

Europe

Asia-Pacific

Latin America

RoW

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Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends  

The mitral valve, also known as the bicuspid valve or left atrio-ventricular valve, is a dual-flap valve in the heart that lies between the...

Transcatheter mitral valve replacement (TMVR) Market – Global Industry Analysis, Size, Share, Trends  

The mitral valve, also known as the bicuspid valve or left atrio-ventricular valve, is a dual-flap valve in the heart that lies between the...

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