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Asia Pacific Structural Heart Market Forecast to 2028 - Regional Analysis - by Product, Procedure, and End User
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- Annuloplasty Rings
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- Abbott Laboratories
- Medtronic Plc
- Boston Scientific Corp
- Artivion Inc
- Edwards Lifesciences Corp
- Micro Interventional Devices Inc
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LSH
The Asia Pacific structural heart market is expected to grow from US$ 2,649.67 million in 2022 to US$ 4,374.55 million by 2028. It is estimated to grow at a CAGR of 8.7% from 2022 to 2028.
Technological Advancements in the Field of Structural Heart Devices Fuel Asia Pacific Structural Heart Market
Transcatheter procedures lead to improvements in patients' heart conditions in shorter a period compared to surgical intervention. In addition, minimally invasive procedures have reduced surgical and cardiopulmonary risks, which results in increased patient satisfaction. TAVR has gathered more attention due to its ability to offer a reasonable option for the treatment of degenerative aortic stenosis. In 2017, the Edwards Lifesciences's Edwards Sapien valve was under the studies in the PARTNER trial. The valve has been made from a bovine pericardial tissue valve, and it is sutured on a cobalt-chromium stent scaffold. The stent allows the maximum possible folding of the valve, which allows to maintain the structural and radial support once it is expanded. Moreover, the recent developments in structural heart devices focus on indications, and results of left atrial appendage (LAA) and patent foramen ovale (PFO) closure to prevent cardioembolic stroke. A few of the technological advancements by the players in the Asia Pacific Structural Heart Market are mentioned. In February 2023, Medtronic announced the relaunch of its Harmony Transcatheter Pulmonary Valve (TPV) System, a minimally invasive alternative to open-heart surgery for congenital heart disease patients with native or surgically repaired RVOT. Evolut FX added new features to the existing Evolut platform to enhance ease of use and predictable valve deployment for physicians. In May 2022, Philips launched EchoNavigator 4.0, the new release of its image-guided therapy solution, for the treatment of structural heart disease. EchoNavigator 4.0 provides the users of Philips' EPIQ CVXi interventional cardiology ultrasound system a control of live fusion-imaging on the company's Image Guided Therapy System called "Azurion - platform." In September 2021, Abbott received FDA approval for its Epic Plus and Epic Plus Supra Stented Tissue Valves to improve therapy options for people with aortic or mitral valve disease. With this new device, Abbott expanded its Epic surgical valve platform. In August 2021, CORCYM enrolled the first patient in the Mitral, Aortic, and Tricuspid Post-Market Study in a Real-World Setting, i.e., MANTRA. The first implantation was performed at Citta di Lecce Hospital in Italy with a Bicarbon aortic mechanical valve. In August 2021, the first Made in India 3D printed heart valve was developed in Chennai. The new heart valves were developed using 3D printers, which could overcome the problems related to artificial heart valves. Therefore, technological advancements are leading to new growth trends in the Asia Pacific Structural Heart Market growth.
Asia Pacific Structural Heart Market Overview
The Asia Pacific structural heart market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The region holds a significant market share in the global structural heart market. The Asia Pacific structural heart market is expected to witness significant growth during the forecast period due to factors such as the significant growth in elderly population, growing cardiovascular diseases, and launch of innovative products by market players in the region.
Asia Pacific Structural Heart Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Structural Heart Market Segmentation
The Asia Pacific structural heart market is segmented into product, procedure, end user, and country.
Based on product, the Asia Pacific structural heart market is segmented into occluders, annuloplasty rings, heart valve balloons, and others. The occluders segment held the largest share of the Asia Pacific structural heart market in 2022.
Based on procedure, the Asia Pacific structural heart market is segmented into heart valve stenosis, heart valve regurgitation, and left atrial appendage closure. The heart valve stenosis segment held the largest share of the Asia Pacific structural heart market in 2022.
Based on end user, the Asia Pacific structural heart market is segmented into hospitals, ambulatory surgical centres, and others. The hospitals segment held the largest share of the Asia Pacific structural heart market in 2022.
Based on country, the Asia Pacific structural heart market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific structural heart market in 2022.
Abbott Laboratories, Medtronic Plc, Boston Scientific Corp, Artivion Inc, Edwards Lifesciences Corp, and Lepu Medical Technology Beijing Co Ltd are some of the leading companies operating in the Asia Pacific structural heart market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific structural heart market.
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific structural heart market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Asia Pacific Structural Heart Market - by Product
- 1.3.2 Asia Pacific Structural Heart Market - by Procedure
- 1.3.3 Asia Pacific Structural Heart Market - by End User
- 1.3.4 Asia Pacific Structural Heart Market - by Country
2. Asia Pacific Structural Heart Market - Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Asia Pacific Structural Heart Market - Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 Asia Pacific PEST Analysis
- 4.3 Expert's Opinion
5. Asia Pacific Structural Heart Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Availability of Innovative Structural Heart Services
- 5.1.2 Rising Number of Cardiovascular Disease Cases and Training Programs
- 5.2 Key Market Restraints
- 5.2.1 High Cost of Procedures
- 5.2.2 Stringent Regulations Regarding Structure Heart Devices
- 5.3 Key Market Opportunities
- 5.3.1 Growing Use of Artificial Intelligence in Structural Heart
- 5.4 Future Trends
- 5.4.1 Technological Advancements in the Field of Structural Heart Devices
- 5.5 Impact analysis
6. Structural Heart Market -Asia Pacific Analysis
- 6.1 Asia Pacific Structural Heart Market Revenue Forecast and Analysis
7. Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 - by Product
- 7.1 Overview
- 7.2 Asia Pacific Structural Heart Market Revenue Share, by Product 2021 & 2028 (%)
- 7.3 Occluders
- 7.3.1 Overview
- 7.3.2 Occluders: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Annuloplasty Rings
- 7.4.1 Overview
- 7.4.2 Annuloplasty Rings: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 Heart Valve Balloons
- 7.5.1 Overview
- 7.5.2 Heart Valve Balloons: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 - by Procedure
- 8.1 Overview
- 8.2 Asia Pacific Structural Heart Market Revenue Share, by Procedure 2021 & 2028 (%)
- 8.3 Heart Valve Stenosis
- 8.3.1 Overview
- 8.3.2 Heart Valve Stenosis: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Heart Valve Regurgitation
- 8.4.1 Overview
- 8.4.2 Heart Valve Regurgitation: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Left Atrial Appendage Closure
- 8.5.1 Overview
- 8.5.2 Left Atrial Appendage Closure: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 - by End User
- 9.1 Overview
- 9.2 Asia Pacific Structural Heart Market Revenue Share, by End User 2021 & 2028 (%)
- 9.3 Hospitals
- 9.3.1 Overview
- 9.3.2 Hospitals: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Ambulatory Surgical Centers
- 9.4.1 Overview
- 9.4.2 Ambulatory Surgical Centers: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5 Cardiac Centers
- 9.5.1 Overview
- 9.5.2 Cardiac Centers: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 -Country Analysis
- 10.1 Asia Pacific: Asia Pacific Structural Heart Market
- 10.1.1 Overview
- 10.1.2 Asia Pacific: Asia Pacific Structural Heart Market, by Country, 2021 & 2028 (%)
- 10.1.2.1 China: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.1.1 Overview
- 10.1.2.1.2 China: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.1.3 China: Asia Pacific Structural Heart Market, by Product, 2019-2028 (US$ Million)
- 10.1.2.1.4 China: Asia Pacific Structural Heart Market, by Procedure, 2019-2028 (US$ Million)
- 10.1.2.1.4.1 China: Asia Pacific Structural Heart Market, by Heart Valve Stenosis Procedure, 2019-2028 (US$ Million)
- 10.1.2.1.4.2 China: Asia Pacific Structural Heart Market, by Heart Valve Regurgitation Procedure, 2019-2028 (US$ Million)
- 10.1.2.1.5 China: Asia Pacific Structural Heart Market, by End User, 2019-2028 (US$ Million)
- 10.1.2.2 Japan: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.2.1 Overview
- 10.1.2.2.2 Japan: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.2.3 Japan: Asia Pacific Structural Heart Market, by Product, 2019-2028 (US$ Million)
- 10.1.2.2.4 Japan: Asia Pacific Structural Heart Market, by Procedure, 2019-2028 (US$ Million)
- 10.1.2.2.4.1 Japan: Asia Pacific Structural Heart Market, by Heart Valve Stenosis Procedure, 2019-2028 (US$ Million)
- 10.1.2.2.4.2 Japan: Asia Pacific Structural Heart Market, by Heart Valve Regurgitation Procedure, 2019-2028 (US$ Million)
- 10.1.2.2.5 Japan: Asia Pacific Structural Heart Market, by End User, 2019-2028 (US$ Million)
- 10.1.2.3 India: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.3.1 Overview
- 10.1.2.3.2 India: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.3.3 India: Asia Pacific Structural Heart Market, by Product, 2019-2028 (US$ Million)
- 10.1.2.3.4 India: Asia Pacific Structural Heart Market, by Procedure, 2019-2028 (US$ Million)
- 10.1.2.3.4.1 India: Asia Pacific Structural Heart Market, by Heart Valve Stenosis Procedure, 2019-2028 (US$ Million)
- 10.1.2.3.4.2 India: Asia Pacific Structural Heart Market, by Heart Valve Regurgitation Procedure, 2019-2028 (US$ Million)
- 10.1.2.3.5 India: Asia Pacific Structural Heart Market, by End User, 2019-2028 (US$ Million)
- 10.1.2.4 Australia: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.4.1 Overview
- 10.1.2.4.2 Australia: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.4.3 Australia: Asia Pacific Structural Heart Market, by Product, 2019-2028 (US$ Million)
- 10.1.2.4.4 Australia: Asia Pacific Structural Heart Market, by Procedure, 2019-2028 (US$ Million)
- 10.1.2.4.4.1 Australia: Asia Pacific Structural Heart Market, by Heart Valve Stenosis Procedure, 2019-2028 (US$ Million)
- 10.1.2.4.4.2 Australia: Asia Pacific Structural Heart Market, by Heart Valve Regurgitation Procedure, 2019-2028 (US$ Million)
- 10.1.2.4.5 Australia: Asia Pacific Structural Heart Market, by End User, 2019-2028 (US$ Million)
- 10.1.2.5 South Korea: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.5.1 Overview
- 10.1.2.5.2 South Korea: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.5.3 South Korea: Asia Pacific Structural Heart Market, by Product, 2019-2028 (US$ Million)
- 10.1.2.5.4 South Korea: Asia Pacific Structural Heart Market, by Procedure, 2019-2028 (US$ Million)
- 10.1.2.5.4.1 South Korea: Asia Pacific Structural Heart Market, by Heart Valve Stenosis Procedure, 2019-2028 (US$ Million)
- 10.1.2.5.4.2 South Korea: Asia Pacific Structural Heart Market, by Heart Valve Regurgitation Procedure, 2019-2028 (US$ Million)
- 10.1.2.5.5 South Korea: Asia Pacific Structural Heart Market, by End User, 2019-2028 (US$ Million)
- 10.1.2.6 Rest of Asia Pacific: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.6.1 Overview
- 10.1.2.6.2 Rest of Asia Pacific: Asia Pacific Structural Heart Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2.6.3 Rest of Asia Pacific: Asia Pacific Structural Heart Market, by Product, 2019-2028 (US$ Million)
- 10.1.2.6.4 Rest of Asia Pacific: Asia Pacific Structural Heart Market, by Procedure, 2019-2028 (US$ Million)
- 10.1.2.6.4.1 Rest of Asia Pacific: Asia Pacific Structural Heart Market, by Heart Valve Stenosis Procedure, 2019-2028 (US$ Million)
- 10.1.2.6.4.2 Rest of Asia Pacific: Asia Pacific Structural Heart Market, by Heart Valve Regurgitation Procedure, 2019-2028 (US$ Million)
- 10.1.2.6.5 Rest of Asia Pacific: Asia Pacific Structural Heart Market, by End User, 2019-2028 (US$ Million)
11. Asia Pacific Structural Heart Market -Industry Landscape
- 11.1 Overview
- 11.2 Growth Strategies
12. Company Profiles
- 12.1 Abbott Laboratories
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Medtronic Plc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Boston Scientific Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Artivion Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Edwards Lifesciences Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Micro Interventional Devices Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
13. Appendix
- 13.1 About the Insight Partners
- 13.2 Glossary of Terms