Press release
The Rising Incidence Of Congenital Heart Defects Fuels Growth In The Pediatric Heart Valve Repair And Replacement Market: A Significant Driver Propelling The Pediatric Heart Valve Repair And Replacement Market In 2025
Pediatric Heart Valve Repair And Replacement
What Is the Pediatric Heart Valve Repair And Replacement Market Size and Projected Growth Rate?
The market for pediatric heart valve repair and replacement has been consistently expanding of late. The projection is that it will escalate from $3.36 billion in 2024 to $3.49 billion in 2025, representing a compound annual growth rate (CAGR) of 3.8%. This upward trend in the historical timeframe is due to several factors, including a rise in congenital heart disorders, increased awareness and prevention measures, favorable regulatory circumstances, boosted investments in healthcare, and advocacy efforts from both patients and their parents.
In the coming years, the pediatric heart valve repair and replacement market is anticipated to experience stable growth, with estimations pointing to a market value of $3.86 billion in 2029, growing at a compound annual growth rate (CAGR) of 2.5%. The factors driving this growth during the projected period include a rise in pediatric cardiovascular diseases, improved accessibility to pediatric cardiac care, an increased focus on early intervention, an upsurge in pediatric cardiovascular research, and advancements in the global healthcare infrastructure. The forecast period also reveals trends like the escalating adoption of tissue-engineered heart valves, advancements in pediatric-specific devices, the widespread use of hybrid approaches, the expanding utilization of 3D printing technology, and the prominence of pediatric valve-in-valve procedures.
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What Are the Major Segments in the 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 Are The Driving Pediatric Heart Valve Repair And Replacement Market Evolution?
The pediatric heart valve repair and replacement market is predicted to grow due to the rising incidences of congenital heart defects. These are structural problems with the heart that exist from birth. The repair and replacement of pediatric heart valves are implemented to enhance heart function, improve the overall health of the child, prevent complications, and enhance the life quality for children afflicted with these defects. According to the Centers for Disease Control and Prevention, a national public health agency in the US, heart defects impact approximately 1% of - roughly 40,000 - births each year in the United States. About one in four babies with a heart defect have a serious heart defect, based on data from October 2024. A baby is born with a heart defect in America every 15 minutes as of 2023. Consequently, the rise in congenital heart defects incidences is expected to stimulate the growth of the concrete restoration market.
Which Firms Dominate The Pediatric Heart Valve Repair And Replacement Market Segments?
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 Trends Are Expected to Dominate the Pediatric Heart Valve Repair And Replacement Market in the Next 5 Years?
Leading businesses in the pediatric heart valve repair and replacement sector are employing a strategic alliance approach to tailor solutions that cater to the specific demands of pediatric heart care. This strategy of strategic collaboration involves companies capitalizing on each other's expertise and resources for mutual gains and achievements. As an example, PolyVascular Inc., a medical technology corporation based in the US, formed an alliance with CobiCure., a non-profit pediatric-centric firm from the US, in August 2023 to promote pediatric heart valve repair. Through this collaboration, they aim to introduce a customized, non-invasive treatment for congenital heart abnormalities in children, thereby eliminating the requirement for repeated open-heart surgeries, which are a norm as children outgrow standard valves. This could also help diminish the ensuing complications.
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Which Is The Largest 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pediatric Heart Valve Repair And Replacement Market?
2. What is the CAGR expected in the Pediatric Heart Valve Repair And Replacement Market?
3. What Are the Key Innovations Transforming the Pediatric Heart Valve Repair And Replacement Industry?
4. Which Region Is Leading the Pediatric Heart Valve Repair And Replacement Market?
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