The global market for Transcatheter Mitral Valve Replacement (TMVR) was estimated to be worth US$ 1081 million in 2024 and is forecast to a readjusted size of US$ 2888 million by 2031 with a CAGR of 15.7% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Transcatheter Mitral Valve Replacement (TMVR) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
TMVR, also known as transcatheter mitral valve replacement is a way of replacing the mitral valve in the heart without the need for conventional open-heart surgery. TMVR transcatheter mitral valve replacement is a treatment for mitral valve stenosis (tight mitral valve) or mitral valve regurgitation (leaky mitral valve) or a mix of the two. TMVR transcatheter mitral valve replacement was developed initially as a method of replacing the mitral valve in patients considered too high risk for surgery but will likely replace mitral valve replacement surgery in the future as the technology improves and the outcomes are proved.In 2024, globalTMVR production reached approximately 36 k units , with an average global market price of around 30 k USD/Unit.
With the accelerating aging population, the incidence of heart failure and valvular heart diseases continues to rise, especially in developed regions like North America, Europe, and parts of Asia-Pacific. TMVR is gaining traction due to its adaptability to complex anatomies, reduced post-operative risks, and faster recovery compared to traditional surgery. Leading medtech companies have emphasized the strategic importance of structural heart disease segments in their annual reports, with several pipeline programs focused on TMVR technologies. Supportive reimbursement reforms and evidence-based health policies are also contributing to the growing market acceptance of TMVR solutions.
Despite continuous innovation, TMVR still faces technical challenges in safe delivery, long-term durability, and precise deployment. Only a few global players have advanced to late-stage clinical or commercial phases, reflecting high R&D thresholds and extended approval timelines. Regulatory frameworks remain in development in many countries, and clinical teams must be highly skilled in multidisciplinary collaboration. These barriers may slow near-term market expansion, particularly in less mature healthcare systems.
The main patient base for TMVR consists of those ineligible for traditional surgery or classified as high risk. In North America and Europe, this segment shows strong replacement demand. With advancements in imaging and catheter delivery systems, the procedure is becoming more accessible and applicable to broader indications. In emerging Asia-Pacific markets, international collaborative trials and early clinical adoption are accelerating local market readiness, indicating promising mid-term growth potential.
This report aims to provide a comprehensive presentation of the global market for Transcatheter Mitral Valve Replacement (TMVR), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Transcatheter Mitral Valve Replacement (TMVR) by region & country, by Type, and by Application.
The Transcatheter Mitral Valve Replacement (TMVR) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transcatheter Mitral Valve Replacement (TMVR).
Market Segmentation
By Company
- Abbott
- Edwards Lifesciences
- Medtronic
- Boston Scientific
- Micro Interventional Devices
- Neovasc
- Zhenyi Medical
- Highlife Medical
Segment by Type
- MitraClip
- Edwards PASCAL
- Edwards SAPIEN 3
Segment by Application
- Functional Mitral Regurgitation (FMR)
- Degenerative Mitral Regurgitation (DMR)
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Transcatheter Mitral Valve Replacement (TMVR) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Transcatheter Mitral Valve Replacement (TMVR) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Transcatheter Mitral Valve Replacement (TMVR) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Transcatheter Mitral Valve Replacement (TMVR) Product Introduction
- 1.2 Global Transcatheter Mitral Valve Replacement (TMVR) Market Size Forecast
- 1.2.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value (2020-2031)
- 1.2.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume (2020-2031)
- 1.2.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Price (2020-2031)
- 1.3 Transcatheter Mitral Valve Replacement (TMVR) Market Trends & Drivers
- 1.3.1 Transcatheter Mitral Valve Replacement (TMVR) Industry Trends
- 1.3.2 Transcatheter Mitral Valve Replacement (TMVR) Market Drivers & Opportunity
- 1.3.3 Transcatheter Mitral Valve Replacement (TMVR) Market Challenges
- 1.3.4 Transcatheter Mitral Valve Replacement (TMVR) Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Transcatheter Mitral Valve Replacement (TMVR) Players Revenue Ranking (2024)
- 2.2 Global Transcatheter Mitral Valve Replacement (TMVR) Revenue by Company (2020-2025)
- 2.3 Global Transcatheter Mitral Valve Replacement (TMVR) Players Sales Volume Ranking (2024)
- 2.4 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Company Players (2020-2025)
- 2.5 Global Transcatheter Mitral Valve Replacement (TMVR) Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Transcatheter Mitral Valve Replacement (TMVR) Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Transcatheter Mitral Valve Replacement (TMVR) Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Transcatheter Mitral Valve Replacement (TMVR)
- 2.9 Transcatheter Mitral Valve Replacement (TMVR) Market Competitive Analysis
- 2.9.1 Transcatheter Mitral Valve Replacement (TMVR) Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Transcatheter Mitral Valve Replacement (TMVR) Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Transcatheter Mitral Valve Replacement (TMVR) as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 MitraClip
- 3.1.2 Edwards PASCAL
- 3.1.3 Edwards SAPIEN 3
- 3.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type
- 3.2.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value, by Type (2020-2031)
- 3.2.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value, by Type (%) (2020-2031)
- 3.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Type
- 3.3.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume, by Type (2020-2031)
- 3.3.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Transcatheter Mitral Valve Replacement (TMVR) Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Functional Mitral Regurgitation (FMR)
- 4.1.2 Degenerative Mitral Regurgitation (DMR)
- 4.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application
- 4.2.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value, by Application (2020-2031)
- 4.2.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value, by Application (%) (2020-2031)
- 4.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Application
- 4.3.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume, by Application (2020-2031)
- 4.3.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Transcatheter Mitral Valve Replacement (TMVR) Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Region
- 5.1.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Region (2020-2025)
- 5.1.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Region (2026-2031)
- 5.1.4 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Region (%), (2020-2031)
- 5.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Region
- 5.2.1 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Region (2020-2025)
- 5.2.3 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Region (2026-2031)
- 5.2.4 Global Transcatheter Mitral Valve Replacement (TMVR) Sales Volume by Region (%), (2020-2031)
- 5.3 Global Transcatheter Mitral Valve Replacement (TMVR) Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 5.4.2 North America Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 5.5.2 Europe Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 5.6.2 Asia Pacific Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 5.7.2 South America Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Transcatheter Mitral Valve Replacement (TMVR) Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Transcatheter Mitral Valve Replacement (TMVR) Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Transcatheter Mitral Valve Replacement (TMVR) Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.3.2 United States Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.4.2 Europe Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.5.2 China Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.6.2 Japan Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.7.2 South Korea Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.8.2 Southeast Asia Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Transcatheter Mitral Valve Replacement (TMVR) Sales Value, 2020-2031
- 6.9.2 India Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Transcatheter Mitral Valve Replacement (TMVR) Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Abbott
- 7.1.1 Abbott Company Information
- 7.1.2 Abbott Introduction and Business Overview
- 7.1.3 Abbott Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Abbott Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.1.5 Abbott Recent Development
- 7.2 Edwards Lifesciences
- 7.2.1 Edwards Lifesciences Company Information
- 7.2.2 Edwards Lifesciences Introduction and Business Overview
- 7.2.3 Edwards Lifesciences Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Edwards Lifesciences Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.2.5 Edwards Lifesciences Recent Development
- 7.3 Medtronic
- 7.3.1 Medtronic Company Information
- 7.3.2 Medtronic Introduction and Business Overview
- 7.3.3 Medtronic Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Medtronic Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.3.5 Medtronic Recent Development
- 7.4 Boston Scientific
- 7.4.1 Boston Scientific Company Information
- 7.4.2 Boston Scientific Introduction and Business Overview
- 7.4.3 Boston Scientific Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Boston Scientific Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.4.5 Boston Scientific Recent Development
- 7.5 Micro Interventional Devices
- 7.5.1 Micro Interventional Devices Company Information
- 7.5.2 Micro Interventional Devices Introduction and Business Overview
- 7.5.3 Micro Interventional Devices Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Micro Interventional Devices Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.5.5 Micro Interventional Devices Recent Development
- 7.6 Neovasc
- 7.6.1 Neovasc Company Information
- 7.6.2 Neovasc Introduction and Business Overview
- 7.6.3 Neovasc Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Neovasc Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.6.5 Neovasc Recent Development
- 7.7 Zhenyi Medical
- 7.7.1 Zhenyi Medical Company Information
- 7.7.2 Zhenyi Medical Introduction and Business Overview
- 7.7.3 Zhenyi Medical Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Zhenyi Medical Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.7.5 Zhenyi Medical Recent Development
- 7.8 Highlife Medical
- 7.8.1 Highlife Medical Company Information
- 7.8.2 Highlife Medical Introduction and Business Overview
- 7.8.3 Highlife Medical Transcatheter Mitral Valve Replacement (TMVR) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Highlife Medical Transcatheter Mitral Valve Replacement (TMVR) Product Offerings
- 7.8.5 Highlife Medical Recent Development
8 Industry Chain Analysis
- 8.1 Transcatheter Mitral Valve Replacement (TMVR) Industrial Chain
- 8.2 Transcatheter Mitral Valve Replacement (TMVR) Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Transcatheter Mitral Valve Replacement (TMVR) Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Transcatheter Mitral Valve Replacement (TMVR) Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer