Report Code : CVMI2603252601433 | Published Date : March 30, 2025
1 | Market Overview
The global chordal suture system market is expanding steadily, fueled by advances in minimally invasive cardiac surgery and the increasing prevalence of mitral valve diseases. Chordal suture systems are employed to repair damaged chordae tendineae in the heart, often as part of mitral valve repair procedures, offering a less invasive alternative to open-heart surgery.
Growing adoption of transcatheter mitral valve repair (TMVR) techniques, an increase in elderly populations, and rising awareness of structural heart disease treatment options are driving market growth. The integration of imaging guidance and catheter-based delivery systems is further improving procedural success rates.
2 | Market Size and Forecast
Year |
Market Value (USD Billion) |
Notes |
2019 |
0.29 |
Historical benchmark |
2024 |
0.47 |
Five-year CAGR 10.2% |
2031 |
1.06 |
Seven-year CAGR 12.1% |
The market is projected to more than double by 2031, driven by technological innovations and increasing demand for minimally invasive valve repair.
3 | Key Market Drivers
- Rising prevalence of mitral valve regurgitation and heart failure.
- Growing Demand for Minimally Invasive Cardiac Surgeries.
- Advances in Catheter-Based and Imaging-Guided Systems.
- Aging Population and High-Risk Surgical Patients.
- Expanding clinical evidence supporting the effectiveness of chordal repair.
4 | Market Challenges
- High Cost of Procedures and Devices.
- Limited availability of skilled interventional cardiologists.
- Regulatory approval delays in some regions.
- Competition from alternative valve repair and replacement techniques.
5 | Competitive Landscape
The chordal suture system market is somewhat concentrated, with leading companies driving innovation in minimally invasive cardiac repair.
Market Share Estimates (2024):
Company |
Estimated Market Share |
Key Products |
Edwards Lifesciences |
34% |
HARPOON™ Beating Heart Mitral Valve Repair System |
NeoChord Inc. |
28% |
NeoChord DS1000 System |
Abbott Laboratories |
16% |
MitraClip™ (complementary mitral repair technology) |
Others (Medtronic, regional OEMs) |
22% |
Experimental and niche repair systems |
6 | Market Segmentation
By Procedure Type:
- Transapical Chordal Repair
- Transcatheter Chordal Repair
By Application:
- Degenerative Mitral Valve Disease
- Functional Mitral Regurgitation
- Congenital Heart Defects
By End User:
- Hospitals
- Cardiac Specialty Centers
- Ambulatory Surgical Centers (ASCs)
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
7 | Strategic Outlook
Next-generation catheter systems, integration with AI-assisted imaging, and expansion into emerging healthcare markets will shape the future of the chordal suture system market. Partnerships between
Reasons To Buy

Scope

Key Players
- Medtronic
- Edwards Lifesciences
- Abbott
- LivaNova
- NeoChord
- Corcym
Global Chordal Suture System Market Report
- 1. Global Chordal Suture System Market Research Report
- 1.1 Study Objectives
- 1.2 Global Chordal Suture System Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Chordal Suture System Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Product Type
- 2.1.2 By Application
- 2.1.3 By End-User
- 2.1.4 By Distribution Channel
- 2.1.5 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Product Type, By Application, By End-User, By Distribution Channel, By Country
- 3.3. Opportunities – By Product Type, By Application, By End-User, By Distribution Channel, By Country
- 3.4. Trends – By Product Type, By Application, By End-User, By Distribution Channel, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Chordal Suture System Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Minimally Invasive Chordal Suture Systems
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Traditional Chordal Suture Systems
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Mitral Valve Repair
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Tricuspid Valve Repair
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Hospitals
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Cardiac Centers
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Ambulatory Surgical Centers
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Direct Sales
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Medical Equipment Distributors
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Online Retail
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 North America
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Europe
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Asia-Pacific
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.4 Latin America
- 9.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.5 Middle East & Africa
- 9.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.6 Global Chordal Suture System Market - Opportunity Analysis Index, By Product Type, By Application, By End-User, By Distribution Channel, and Region, 2024 - 2031
- 10.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Minimally Invasive Chordal Suture Systems
- 10.1.2 Traditional Chordal Suture Systems
- 10.2.1 Mitral Valve Repair
- 10.2.2 Tricuspid Valve Repair
- 10.3.1 Hospitals
- 10.3.2 Cardiac Centers
- 10.3.3 Ambulatory Surgical Centers
- 10.4.1 Direct Sales
- 10.4.2 Medical Equipment Distributors
- 10.4.3 Online Retail
- 10.5.1 United States
- 10.5.2 Canada
10.7 Regional Trends Analysis
10.8 North America Global Chordal Suture System Market Research Report - Company Profiles- 10.8.1 Company 1 (United States)
- 10.8.2 Company 2 (Canada)
- 10.8.3 Company 3 (Canada)
- 11.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Minimally Invasive Chordal Suture Systems
- 11.1.2 Traditional Chordal Suture Systems
- 11.2.1 Mitral Valve Repair
- 11.2.2 Tricuspid Valve Repair
- 11.3.1 Hospitals
- 11.3.2 Cardiac Centers
- 11.3.3 Ambulatory Surgical Centers
- 11.4.1 Direct Sales
- 11.4.2 Medical Equipment Distributors
- 11.4.3 Online Retail
- 11.5.1 Germany
- 11.5.2 United Kingdom
- 11.5.3 France
- 11.5.4 Spain
- 11.5.5 Italy
- 11.5.6 Russia
- 11.5.7 Netherlands
- 11.5.8 Poland
- 11.5.9 Rest of Europe
11.7 Regional Trends Analysis
11.8 Europe Global Chordal Suture System Market Research Report - Company Profiles- 11.8.1 Company 1 (Germany)
- 11.8.2 Company 2 (United Kingdom)
- 11.8.3 Company 3 (United Kingdom)
- 12.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Minimally Invasive Chordal Suture Systems
- 12.1.2 Traditional Chordal Suture Systems
- 12.2.1 Mitral Valve Repair
- 12.2.2 Tricuspid Valve Repair
- 12.3.1 Hospitals
- 12.3.2 Cardiac Centers
- 12.3.3 Ambulatory Surgical Centers
- 12.4.1 Direct Sales
- 12.4.2 Medical Equipment Distributors
- 12.4.3 Online Retail
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4 South Korea
- 12.5.5 Australia & NZ
- 12.5.6 ASEAN
- 12.5.7 Rest of Asia-Pacific
12.7 Regional Trends Analysis
12.8 Asia-Pacific Global Chordal Suture System Market Research Report - Company Profiles- 12.8.1 Company 1 (China)
- 12.8.2 Company 2 (Japan)
- 12.8.3 Company 3 (Japan)
- 13.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Minimally Invasive Chordal Suture Systems
- 13.1.2 Traditional Chordal Suture Systems
- 13.2.1 Mitral Valve Repair
- 13.2.2 Tricuspid Valve Repair
- 13.3.1 Hospitals
- 13.3.2 Cardiac Centers
- 13.3.3 Ambulatory Surgical Centers
- 13.4.1 Direct Sales
- 13.4.2 Medical Equipment Distributors
- 13.4.3 Online Retail
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Argentina
- 13.5.4 Peru
- 13.5.5 Colombia
- 13.5.6 Rest of Latin America
13.7 Regional Trends Analysis
13.8 Latin America Global Chordal Suture System Market Research Report - Company Profiles- 13.8.1 Company 1 (Brazil)
- 13.8.2 Company 2 (Mexico)
- 13.8.3 Company 3 (Mexico)
- 14.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Minimally Invasive Chordal Suture Systems
- 14.1.2 Traditional Chordal Suture Systems
- 14.2.1 Mitral Valve Repair
- 14.2.2 Tricuspid Valve Repair
- 14.3.1 Hospitals
- 14.3.2 Cardiac Centers
- 14.3.3 Ambulatory Surgical Centers
- 14.4.1 Direct Sales
- 14.4.2 Medical Equipment Distributors
- 14.4.3 Online Retail
- 14.5.1 Saudi Arabia
- 14.5.2 UAE
- 14.5.3 South Africa
- 14.5.4 Egypt
- 14.5.5 Israel
- 14.5.6 Rest of Middle East and Africa
14.7 Regional Trends Analysis
14.8 Middle East & Africa Global Chordal Suture System Market Research Report - Company Profiles- 14.8.1 Company 1 (Saudi Arabia)
- 14.8.2 Company 2 (UAE)
- 14.8.3 Company 3 (UAE)
- 15.1 Strategic Dashboard of Top Market Players
15.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 15.2.1 Medtronic
- 15.2.2 Edwards Lifesciences
- 15.2.3 Abbott
- 15.2.4 LivaNova
- 15.2.5 NeoChord
- 15.2.6 Corcym
17. Principal Presumptions and Acronyms