Global Transcatheter Devices Market

Transcatheter Devices Market Size, Share, Growth Analysis, By Product(Transcatheter Embolization and Occlusion Devices, Transcatheter Replacement Devices, and Transcatheter Repair Devices), By Application(Cardiovascular, Oncology, Neurology, Urology), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2584 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 65 | Figures: 75

Transcatheter Devices Market News

  • In October 2023, Laguna Tech USA accomplished effective clinical results in patients with aortic regurgitation using its Zeta balloon-expandable aortic valve system and Alpha self-expanding aortic valve system. As per a statement delivered on October 25, the US-based organization finished its first-in-human clinical case utilizing the Zeta system. Laguna likewise detailed the effective treatment of extra patients with its Alpha self-expanding aortic valve system in a practical study. Moreover, Laguna expressed that the device brought about the complete goal of aortic regurgitation in two patients, with supported results seen during a 30-day follow-up period.

     

  • In November 2023, Meril Life Sciences consented to a partnership agreement with Japan Lifeline to extend its worldwide presence. This strategic alliance grants Japan Lifeline elite rights to advance Meril's Transcatheter Heart Valve, Myval Octacor, when it gets PMD approval in Japan.

     

  • In November 2023, Anteris Technologies Ltd CEO Wayne Paterson imparted to Proactive about finishing enlistment for the company's early feasibility study (EFS) for DurAVR™ THV. This creative device, the world's only balloon-expandable, single-piece transcatheter aortic valve, is going through testing to treat 15 patients with indicative, extreme native aortic stenosis. The review is vital for acquiring freedom from the US Food and Drug Administration (FDA).

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Transcatheter Devices Market size was valued at USD 13.99 Billion in 2023 and is poised to grow from USD 15.89 Billion in 2024 to USD 43.9 Billion by 2032, growing at a CAGR of 13.55% during the forecast period (2025-2032).

The competitive landscape of the global transcatheter devices market is marked by a dynamic interplay of established medical device manufacturers and innovative startups. Companies within this landscape strive to leverage cutting-edge technology to develop minimally invasive solutions that address various medical conditions across applications such as cardiovascular, oncology, neurology, and urology. The pursuit of enhanced patient outcomes reduced procedural complexities, and shorter recovery times has fueled intense competition. 'CryoLife, Inc. (US)', 'Edwards Lifesciences Corporation (US)', 'Abbott (US)', 'Boston Scientific Corporation (US)', 'enaValve Technology, Inc. (US)', 'Terumo Corporation (Japan)', 'Neovasc Inc. (Canada)', 'Meril Life Sciences Pvt. Ltd. (India)', 'Symetis SA (Switzerland)', 'Venus Medtech (Hangzhou) Inc. (China)', 'Medtronic plc (Ireland)', 'W.L. Gore & Associates (US)', 'JenaValve Technology, Inc. (US)', 'Xeltis AG (Switzerland)', 'LivaNova PLC (UK)', 'Endologix Inc. (US)', 'B. Braun Melsungen AG (Germany)', 'Biosensors International Group, Ltd. (Singapore)', 'Direct Flow Medical, Inc. (US)', 'Transcatheter Technologies GmbH (Germany)'

As medical technology evolves, there is a growing emphasis on procedures that reduce patient discomfort, hospital stays, and recovery times. Transcatheter devices, such as stents, valves, and embolization devices, play a crucial role in enabling minimally invasive interventions across various medical specialties. These devices allow medical professionals to access targeted areas within the body through small incisions, reducing the need for traditional open surgeries. As patient preferences shift towards procedures that offer quicker recovery and fewer complications, the adoption of transcatheter devices is on the rise, driving innovation and reshaping treatment approaches in the healthcare industry.

Increasing Adoption of Transcatheter Aortic Valve Replacement (TAVR) Procedures: TAVR has gained significant momentum as a minimally invasive alternative to traditional open-heart surgery for treating aortic valve diseases, especially in elderly patients and those at high surgical risk. This trend is propelled by the procedure's reduced recovery time, shorter hospital stays, and lowered complications, thereby catering to patient preferences for less invasive interventions. The expanding pool of geriatric patients and the advancements in TAVR techniques are driving its increasing application across various regions. Moreover, ongoing research and development efforts are further refining TAVR technologies, broadening their applicability and ensuring improved patient outcomes in the global transcatheter devices market.

North America emerges as the dominating region in the global transcatheter devices market. This prominence is rooted in the region's advanced healthcare infrastructure, substantial investments in medical research and innovation, and high prevalence of chronic diseases such as cardiovascular conditions. The availability of skilled healthcare professionals, favorable reimbursement policies, and a proactive approach towards adopting novel medical technologies contribute to North America's leadership position.

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Global Transcatheter Devices Market

Report ID: SQMIG35A2584

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