MITRAL VALVE DISEASE MARKET Challenges and Opportunities

One of the major challenges faced by global mitral valve disease market includes high cost associated with mitral valve repair and replacement procedures. Mitral valve surgery, whether its repair or replacement, is a complex open-heart surgery that requires highly skilled cardiac surgeons and advanced medical infrastructure. This makes the procedures quite expensive, often costing over US$ 100,000 in developed markets like the U.S. The financial burden on patients necessitates some form of health insurance coverage in most cases.

Market Opportunity- Growing Demand for Innovative Mitral Valve Treatment Options

There has been growing demand for innovative mitral valve treatment options in the market. While surgical repair and replacement remain the standard of care, the invasiveness and high cost associated with open-heart surgery boosts the need for minimally invasive alternatives. As a result, percutaneous and transcatheter mitral valve repair and replacement technologies have emerged as promising opportunities. Devices such as clip-based mitral valve repair systems and transcatheter mitral valve implantation provide a less invasive option for high-risk or inoperable patients.