Heart valve repair market to grow by $2.58b through 2028

It is driven by an increasing number of surgical procedures for various heart complications.

The global market for heart valve repair and replacement devices is expected to rise by $2.58b in 2028, according to Technavio.

The business consulting firm expects the market to grow at an estimated compound annual growth rate (CAGR) of 7.08% until 2028, thanks to the increasing number of surgical procedures for heart failure, stroke caused by blood clots, and diseased valves, particularly mitral and aortic valves.

Approvals made by the Food and Drug Administration (FDA) for new solutions are further driving its expansion.

New technologies, such as Transcatheter Aortic Valve Implantation (TAVI) and Transcatheter Mitral Valve Repair (TMVR), offer minimally invasive alternatives to traditional replacement surgeries.

Data has influenced manufacturers to leverage the Internet of Things (IoT) and AI to create valves capable of collecting, storing, and analysing data.

“Additional smart heart valves are expected to enter the global heart valve repair and replacement devices market, fueling its growth during the forecast period,” the report said.

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