Heart valves are required to keep blood flowing in the right direction throughout the body. The heart valves are in charge of maintaining blood pressure and ensuring constant blood flow. When they don't work properly, they cut off the heart, resulting in stenosis. Heart disease encompasses a wide range of conditions that have a significant impact on the heart. As the number of patients suffering from cardiovascular diseases has increased in the last ten years, so has the regulation of heart valves.
The rising prevalence of heart valve disease, regulatory approvals for new and advanced prosthetic heart valve, rising awareness about heart valve diseases, rising favourable reimbursement scenario for a prosthetic heart valve, and the availability of a diverse range of heart valve systems in the market are among the major factors driving the paediatric mechanical heart valve market. Furthermore, technological advancements and modernization in the healthcare sector will create new opportunities for the paediatric mechanical heart valve market between 2023 and 2030.
Data Bridge Market Research analyses that the pediatric mechanical heart valve market which is USD 10.3 Billion in 2022, is expected to reach USD 27.38 Billion by 2030, at a CAGR of 13% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America dominates the pediatric mechanical heart valve market because of increased awareness of heart valve diseases and a more favourable reimbursement scenario for prosthetic heart valves in this region.
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Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to rise in availability of heart valve disease related surgery devices.
Some of the major players operating in the pediatric mechanical heart valve market are:
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