Press Release

Global Transcatheter Pulmonary Valve Market to Grow at a CAGR of 5.8% During the Period 2024-2032, Driven by Advancements in Technology and Growing Demand for Less Invasive Procedures

Global Transcatheter Pulmonary Valve Market

According to a new report by EMR titled, the global transcatheter pulmonary valve market size was valued at USD 84.85 million in 2023, driven by the rising health awareness, increasing cases of obesity and conditions requiring transcatheter pulmonary valve replacement. The market is anticipated to grow at a CAGR of 5.8% during the forecast period 2024-2032 to reach a value of USD 140.94 million by 2032.

Congenital heart disease (CHD) affects roughly 9% of babies. Around 20% of babies with congenital heart disease (CHD) have pulmonary valve or right ventricular outflow tract (RVOT) anomalies, such as tetralogy of Fallot, a single common arterial trunk, or pulmonary atresia. Surgical correction within the first month of life enhances the prognosis of this patient group. Transannular patch expansion, bioprosthetic valve implantation, and valved conduits are all surgical techniques for RVOT reconstruction. The acceptability of surgical intervention of the RVOT for complicated CHD varies with age and is tissue-dependent.

 

Multiple complications, however, including pulmonary regurgitation, self-growth, external ductal stenosis, valvular stenosis, ductal distortion, sternal compression, intimal hyperplasia, external ductal calcification, and aneurysm deformation, result in progressive RVOT dysfunction in these patients. As a result, they require recurring surgical operations throughout their lives. Despite the low death rate associated with surgical operations, complications are substantially more prevalent, particularly in patients undergoing several procedures. Transcatheter pulmonary valve replacement (TPVR) has appeared as a non-surgical, less invasive alternative treatment for RVOT failure. The goals of transcatheter pulmonary valve replacement are to replace the pulmonary valve without surgery and to minimise the number of cardiac procedures required over a patient's lifetime.

 

Bonhoeffer et al. performed the first transcatheter pulmonary valve replacement (TPVR) in 2000, and it is currently an approved treatment for severe pulmonary regurgitation/stenosis and RV-PA conduit failure. The three balloon-expandable valves utilised for malfunctioning RV-PA conduits are the Medtronic Melody valve, Edwards SAPIEN valve, and Meril Myval.

 

Medtronic, a world leader in the medical device business, has developed various transcatheter valve therapies. Medtronic has strategically positioned itself to dominate the transcatheter pulmonary valve (TPV) industry, however, its US revenues in the domain have remained stagnant, possibly because pulmonary regurgitation (PR) is frequently asymptomatic. In the past, PR has been addressed symptomatically, with valve repair or replacement seen as a last resort only.

 

SAPIEN 3, the latest generation of balloon-expandable transcatheter heart valves, is designed to overcome certain limitations of previous generation transcatheter heart valves. Recent trials involving SAPIEN 3 indicate very low rates of vascular complications and paravalvular regurgitation, and lower rates of stroke and mortality as compared to surgical aortic valve replacement (SAVR) in patients with moderate to high surgical risk.

 

Clearly, firms are striving to offer increasingly sophisticated and efficient TPVs through advancements in technology.

 

In 2021, doctors from The Department of Cardiology, PGIMER, performed a successful TPVR for the first time in North India. However, TPVR remains a costly alternative and in countries like India, many people might be unable to afford the treatment.

 

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Key Findings of the Report:

  • Advancements in technology enabling easier implants, growing population with obesity and conditions that may require TPV replacement, and growing demand for less invasive procedures are expected to drive the market.
  • USA and Europe are expected to be key markets.
  • In countries like India, TPVR is a costly alternative, and might be unaffordable for a sizeable population.

 

Market Analysis by Technology, End-use, Application, Raw Material and Region:

  • By technology, the market is classified into Balloon-Expanded Transcatheter Valve and Self-Expanded Transcatheter Valve.
  • By end-use, the market is segmented into Adult and Pediatric.
  • By application, the industry is divided into Cardiac Anomaly, Pulmonary Atresia, Pulmonary Stenosis, Pulmonary Regurgitation, Tetralogy of Fallot, Truncus Arteriosus, and Others.
  • On the basis of raw material, the industry is segmented into Synthetic and Tissue Engineered.
  • By region, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

 

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