The global transcatheter tricuspid valve intervention market is projected to reach a value of USD 10.17 billion by the year 2030.

Industry Snapshot:

• The rising demand for transcatheter valvular therapy for tricuspid valve disorders is the main factor propelling the growth of the overall market.
• Increasing geriatric population is accelerating the demand for transcatheter tricuspid valve intervention systems across the globe.
• Rising R&D activities and subsequent technological breakthroughs are additionally contributing towards the overall market development.

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Segmental Overview:

Intervention Type	Tricuspid Valve Replacement
	Tricuspid Valve Repair
Disease Type	Tricuspid Stenosis
	Tricuspid Regurgitation
End User	Ambulatory Surgical Centers
	Hospitals
	Others
Region	Latin America
	North America
	Asia Pacific
	Europe
	Middle East and Africa

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predictions Corner:

• The tricuspid valve repair intervention segment is expected to witness exponential growth, owing to the increasing prevalence of tricuspid valve disorders which cannot be effectively treated by medication alone.
• The tricuspid regurgitation disease segment is estimated to register commendable growth over the review period, primarily attributable to novel techniques developed for treating tricuspid regurgitation.
• Europe is estimated to be the fastest-growing market over the forecast period of 2021-2030, on account of favorable approval ratings for tricuspid valve repair devices, rising prevalence of tricuspid valve disorders, high per-capita healthcare expenditure, and mounting aging population.

Explainer – All you need to know

Positive approval ratings across the globe are also aiding market expansion. However, the COVID-19 outbreak has severely affected several industries including cardiovascular care. It has also disrupted the clinical & confirmatory trials and regulatory clearances, thus negatively impacting the overall industry outlook.

The leading companies operating in global transcatheter tricuspid valve intervention market are Huihe Healthcare Company, NaviGate Cardiac Structures Inc., 4Tech Cardio Ireland Ltd., Jenscare Scientific Co., Venus MedTech HangZhou Inc., Artivion, Inc., LivaNova, PLC, Medtronic plc, Abbott Laboratories, and Edwards Lifesciences.

Concluding lines:

Market researchers collect, present, and analyze data to accurately represent the various facets of a commercial landscape. MarketStudyReport has a report titled ‘Global Transcatheter Tricuspid Valve Intervention (TTVI) Market - Analysis By Intervention Type (TVr, TVR), Disease Type (TR, TS), End User, By Region, By Country (2021 Edition): Market Insights, Pipeline, COVID-19 Implications, Competition and Forecast (2021-2030)’ which diligently examines the shifting market patterns, potential business prospects, and challenges present in this business vertical. The report provides all the information required by businesses operating in this field and was produced after an extensive investigation.