Global Annuloplasty Ring Market Outlook 2018-2023

Global annuloplasty ring market is expected to grow at a significant CAGR of 5.4% by 2023 as the scope and its applications are rising enormously across the globe. An annuloplasty is a process to tighten the ring around a valve in the heart used by surgeons to correct valve regurgitation. The valve annulus is reduced or stabilized in size by sewing a prosthetic annuloplasty ring onto the annulus. It supports the annulus of the valve to maintain the correct diameter of the valve opening. 

The factors that are playing a major role in the growth of market are the growing geriatric population across the globe, the rising occurrence of cardiovascular diseases, rapid technological enhancement, and the growing awareness among patients regarding heart valve procedures. However, the high cost of the product may restrain overall market growth in the years to come. Annuloplasty ring market is segmented based on types, application, and region.

Semi-rigid annuloplasty rings, flexible annuloplasty rings, rigid annuloplasty rings, and other types could be explored in market in the forecast period.The market couldbe categorized based on applications like aortic valve annuloplasty, mitral valve annuloplasty, tricuspid valve annuloplasty,and others that could be explored in the forecast period.Mitral valve annuloplasty sector may account for the substantial share of the annuloplasty ring market and is estimated to lead the overall market in the years to come.Based on the end-users, specialty clinics, hospitals, ambulatory surgical centers, and others could classify annuloplasty ring in the forecast period.

Annuloplasty ring market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, North America may account for the significant market share and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of developed research and development infrastructure, developed healthcare infrastructure, and rising population having tricuspid annulus. The United States is a major consumer of an annuloplasty ring in this region. 

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of an annuloplasty ring in this region.The key players of annuloplasty ring market are St. Jude Medical, Abbott, LivaNova PLC, Medtronic, Sorin, BraileBiomédica, LabcorLaboratórios Ltd., and EdwardsLifesciences Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Global annuloplasty ring market is anticipated to grow at a CAGR of 5.4% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The Global Market for annuloplasty ring to 2023 offers detailed coverage of annuloplasty ring industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading annuloplasty ring producers to provide exhaustive coverage of the annuloplasty ring.

Report contents include
- Analysis of the annuloplasty ring market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on annuloplasty ring including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Medtronic
- Edwards
- Sorin
- St. Jude Medical
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