What Has Been the Growth of the Pediatric Heart Valve Repair And Replacement Market So Far?
The pediatric heart valve repair and replacement market has seen considerable growth due to a variety of factors.
• The market for pediatric heart valve repair and replacement has been progressively expanding in the past few years. Its value is anticipated to increase from $3.36 billion in 2024 to $3.49 billion in 2025, at a compound annual growth rate (CAGR) of 3.8%.
The growth witnessed in the past is a result of factors such as rising instances of congenital heart defects, heightened awareness and early detection, a conducive regulatory climate, amplified healthcare investments, and campaigning by patients and their parents.
What Is the Forecasted Market Size and Growth Rate for The Pediatric Heart Valve Repair And Replacement Market Size In The Coming Years?
The pediatric heart valve repair and replacement market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for pediatric heart valve repair and replacement is anticipated to experience consistent growth. By 2029, it is projected to reach $3.86 billion, with a compound annual growth rate (CAGR) of 2.5%.
This upward trajectory during the forecast period is linked to a higher prevalence of cardiovascular disorders among children, increased accessibility to pediatric cardiac treatment, a mounting focus on early intervention, a boost in research relating to pediatric cardiovascular issues, and the advancement of the worldwide healthcare infrastructure. Future trends encompass the escalated adoption of tissue-engineered heart valves, innovative devices specifically designed for pediatrics, the broadening of hybrid methods, the increasing use of 3D printing technology, and the implementation of pediatric valve-in-valve procedures.
What Factors Are Driving Growth In The Pediatric Heart Valve Repair And Replacement Market?
The expected rise in the cases of congenital heart defects is set to fuel the expansion of the pediatric heart valve repair and replacement market. Congenital heart defect (CHD), a form of heart structural issue existing from birth, is treated with pediatric heart valve repairs and replacements to enhance cardiac performance, overall child health, prevent further complications, and boost the life quality for children affected. A case in point is in October 2024, as per data from the Centers for Disease Control and Prevention, a public health body in the US, it was found that roughly 1% of-or nearly 40,000-births annually in the US have heart defects. Around 1 in 4 babies with a heart defect suffer from a critical heart defect. In 2023, a baby was born with a heart defect every 15 minutes in America. Thus, the surge in congenital heart defects is expected to stimulate the growth of the concrete restoration market.
What Are The Main Segments Of The Global Pediatric Heart Valve Repair And Replacement Market?
The pediatric heart valve repair and replacement market covered in this report is segmented –
1) By Product: Heart Valve Repair, Mechanical Heart Valves, Bioprosthetic Heart Valves, Transcatheter Aortic Valve Implantation (TAVI)
2) By Indication: Congenital Heart Defects, Heart Muscle Disease, Atresia, Arrhythmias, Other Cardiac Disorders
3) By End-User: Hospitals, Independent Cardiac Catheterization Labs, Ambulatory Surgical Centers
Subsegments:
1) By Heart Valve Repair: Surgical Repair Techniques, Catheter-Based Repair Techniques
2) By Mechanical Heart Valves: Tilting Disc Valves, Bileaflet Valves, Other Mechanical Valves
3) By Bioprosthetic Heart Valves: Porcine Valves, Bovine Valves, Other Bioprosthetic Valves
4) By Transcatheter Aortic Valve Implantation (TAVI): Balloon-Expandable Valves, Self-Expanding Valves, Other TAVI Devices
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What Trends Are Reshaping The Future Of The Pediatric Heart Valve Repair And Replacement Market?
Top-tier firms in the pediatric heart valve repair and replacement sector employ a strategic partnership approach to offer bespoke solutions aligned with the distinct needs of pediatric cardiac treatment. Strategic collaborations imply a methodology where corporations exploit each other's capabilities and resources to realize shared benefits and triumphs. For instance, PolyVascular Inc, a medical technology producer from the US, forged a partnership with CobiCure, a non-profit US-based organization concentrating on pediatric care in August 2023. They aimed to enhance pediatric heart valve repair by introducing a customized, non-invasive solution to treat congenital heart anomalies in children. This approach eradicates the requirement for several open-heart operations as children outgrow conventional valves, thereby decreasing related complications.
Who Are the Key Players In The Pediatric Heart Valve Repair And Replacement Market?
Major companies operating in the pediatric heart valve repair and replacement market report are:
• Abbott Laboratories
• Medtronic plc
• Labcor Laboratórios Ltda
• Boston Scientific Corporation
• Bracco Group
• Lepu Medical Technology (Beijing) Co. Ltd.
• Edwards Lifesciences Corporation
• Artivion Inc.
• CryoLife Inc.
• LivaNova PLC
• TTK Healthcare Limited
• Braile Biomedica Ltda.
• Arbor Surgical Technologies Inc.
• Micro Interventional Devices Inc.
• Xeltis AG
• Auto Tissue Berlin GmbH
• BioStable Science and Engineering Inc.
• Colibri Heart Valve LLC
• Valcare Medical
• Symetis SA
• Neovasc Inc.
• Aortech international Plc.
• On-X Life Technologies Holdings Inc.
• JenaValve Technology Inc.
• Meril Life Sciences Pvt. Ltd.
What Is The Most Dominant Region In The Pediatric Heart Valve Repair And Replacement Market?
North America was the largest region in the pediatric heart valve repair and replacement market in 2024. The regions covered in the pediatric heart valve repair and replacement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
