Annuloplasty Rings Market: The Growing Demand for Heart Valve Repair
Annuloplasty rings are nothing but a kind of device used in cardiac surgery to repair mitral valve regurgitation of the heart, where the mitral valve of the heart does not close appropriately and allows the backward flow of blood. These annuloplasty rings are implanted around the annulus of the mitral valve to restore its shape and function and prevent further heart damage. Market Overview The annuloplasty rings market is driven by increasing prevalence of cardiovascular diseases coupled with advancements in cardiac surgery techniques. Presently, the leading manufacturers dominate the market. However, competition from smaller manufacturers of innovative products is rising. Market Size and Growth According to a report by [Citation of a reputable market research source], the global annuloplasty rings market was valued at [US$XX million] in 2023 and is projected to reach US$XX million] by 2030, growing at a CAGR of XX%. This can be attributed to the following factors: In...