Chordal Suture System Market - By Product Type: Minimally Invasive Chordal Suture Systems, Traditional Chordal Suture Systems; By Application: Mitral Valve Repair, Tricuspid Valve Repair; By End-User: Hospitals, Cardiac Centers, Ambulatory Surgical Centers; By Distribution Channel: Direct Sales, Medical Equipment Distributors, Online Retail; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
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
4 | Market Challenges
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:
By Application:
By End User:
By Region:
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
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