Product Code: BMIRE00029413
The Asia Pacific aortic valve replacement devices market is expected to grow from US$ 1,323.15 million in 2022 to US$ 3,489.38 million by 2030. It is estimated to grow at a CAGR of 12.9% from 2022 to 2030.
Advancements in Aortic Valve Replacement Devices Fuels Asia Pacific Aortic Valve Replacement Devices Market
The development of minimally invasive surgical techniques (MIS), such as transcatheter aortic valve replacement (TAVR), has modernized the treatment of aortic stenosis (AS). Transcatheter aortic valve replacement is less invasive than traditional open-heart surgery, making it possible for high-risk patients who may not have been eligible for surgery to receive treatment. Moreover, developments in materials and design have led to the development of stronger and biocompatible aortic valve replacements, which have improved patient outcomes and reduced the risk of complications.
A few technological advancements by the players in the aortic valve replacement devices are mentioned below:
In January 2023, Abbott received FDA approval for the Navitor transcatheter aortic valve implantation (TAVI) system to treat people with severe aortic stenosis at high risk of open-heart surgery. Navitor is the latest addition to the company's extensive transcatheter structural heart portfolio, which offers physicians and patients less invasive treatment options for a range of serious heart diseases.
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, 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 creating lucrative opportunities in the aortic valve replacement devices market.
Asia Pacific Aortic Valve Replacement Devices Market Overview
The Asia Pacific aortic valve replacement devices market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The region holds a significant share of the global aortic valve replacement devices market. The market in Asia Pacific is expected to witness significant growth during the forecast period due to factors such as rising elderly population, growing cardiovascular diseases, and innovative product availability.
Asia Pacific Aortic Valve Replacement Devices Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Aortic Valve Replacement Devices Market Segmentation
The Asia Pacific aortic valve replacement devices market is segmented into product, surgery, end user, and country.
Based on product, the Asia Pacific aortic valve replacement devices market is segmented into sutureless valve and mechanical valve. The sutureless valve held a larger Asia Pacific aortic valve replacement devices market share in 2022.
Based on surgery, the Asia Pacific aortic valve replacement devices market is segmented into minimally invasive surgery and open surgery. The minimally invasive surgery segment held a larger Asia Pacific aortic valve replacement devices market share in 2022.
Based on end user, the Asia Pacific aortic valve replacement devices market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held the largest Asia Pacific aortic valve replacement devices market share in 2022.
Based on country, the Asia Pacific aortic valve replacement devices market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific aortic valve replacement devices market in 2022.
Abbott Laboratories, Artivion Inc, Boston Scientific Corp, Edwards Lifesciences Corp, LivaNova Plc, Medtronic Plc, and Venus MedTech HangZhou Inc, are some of the leading companies operating in the Asia Pacific aortic valve replacement devices market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Asia Pacific Aortic Valve Replacement Devices Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 Asia Pacific PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
- 4.4 Pipeline Analysis
5. Asia Pacific Aortic Valve Replacement Devices Market - Key Industry Dynamics
- 5.1 Key Market Drivers:
- 5.1.1 Rising Number of Aortic Valve Replacement Surgeries
- 5.1.2 Increasing Demand for Minimally Invasive Techniques
- 5.2 Market Restraints
- 5.2.1 Product Recalls
- 5.2.2 Stringent Regulations Regarding Structure Heart Devices
- 5.3 Market Opportunities
- 5.3.1 Advancements in Aortic Valve Replacement Devices
- 5.4 Future Trends
- 5.4.1 Increasing Number of Clinical Studies
- 5.5 Impact Analysis:
6. Aortic Valve Replacement Devices Market - Asia Pacific Market Analysis
- 6.1 Asia Pacific Aortic Valve Replacement Devices Market Revenue (US$ Mn), 2022 - 2030
7. Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 - by Product
- 7.1 Overview
- 7.2 Asia Pacific Aortic Valve Replacement Devices Market Revenue Share, by Product 2022 & 2030 (%)
- 7.3 Mechanical Valve
- 7.3.1 Overview
- 7.3.2 Mechanical Valve: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4 Sutureless Valve
- 7.4.1 Overview
- 7.4.2 Sutureless Valve: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 - by Surgery.
- 8.1 Overview
- 8.2 Asia Pacific Aortic Valve Replacement Devices Market Revenue Share, by Surgery, 2022 & 2030 (%)
- 8.3 Open Surgery
- 8.3.1 Overview
- 8.3.2 Open Surgery: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 8.4 Minimally Invasive Surgery
- 8.4.1 Overview
- 8.4.2 Minimally Invasive Surgery: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 - by End User.
- 9.1 Overview
- 9.2 Asia Pacific Aortic Valve Replacement Devices Market Revenue Share, by End User, 2022 & 2030 (%)
- 9.3 Hospitals & Clinics
- 9.3.1 Overview
- 9.3.2 Hospitals & Clinics: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 9.4 Ambulatory Surgery Centers
- 9.4.1 Overview
- 9.4.2 Ambulatory Surgery Centers: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Asia Pacific Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Aortic Valve Replacement Devices Market - Country Analysis
- 10.1 Asia Pacific: Aortic Valve Replacement Devices Market
- 10.1.1 Overview
- 10.1.2 Asia Pacific: Aortic Valve Replacement Devices Market, by Country, 2022 & 2030 (%)
- 10.1.2.1 China: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.1.1 Overview
- 10.1.2.1.2 China: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.1.3 China: Aortic Valve Replacement Devices Market, by Product, 2020-2030 (US$ Million)
- 10.1.2.1.4 China: Aortic Valve Replacement Devices Market, by Surgery, 2020-2030 (US$ Million)
- 10.1.2.1.5 China: Aortic Valve Replacement Devices Market, by End User, 2020-2030 (US$ Million)
- 10.1.2.2 Japan: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.2.1 Overview
- 10.1.2.2.2 Japan: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.2.3 Japan: Aortic Valve Replacement Devices Market, by Product, 2020-2030 (US$ Million)
- 10.1.2.2.4 Japan: Aortic Valve Replacement Devices Market, by Surgery, 2020-2030 (US$ Million)
- 10.1.2.2.5 Japan: Aortic Valve Replacement Devices Market, by End User, 2020-2030 (US$ Million)
- 10.1.2.3 India: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.3.1 Overview
- 10.1.2.3.2 India: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.3.3 India: Aortic Valve Replacement Devices Market, by Product, 2020-2030 (US$ Million)
- 10.1.2.3.4 India: Aortic Valve Replacement Devices Market, by Surgery, 2020-2030 (US$ Million)
- 10.1.2.3.5 India: Aortic Valve Replacement Devices Market, by End User, 2020-2030 (US$ Million)
- 10.1.2.4 Australia: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.4.1 Overview
- 10.1.2.4.2 Australia: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.4.3 Australia: Aortic Valve Replacement Devices Market, by Product, 2020-2030 (US$ Million)
- 10.1.2.4.4 Australia Pacific Aortic Valve Replacement Devices Market, by Surgery, 2020-2030 (US$ Million)
- 10.1.2.4.5 Australia Aortic Valve Replacement Devices Market, by End User, 2020-2030 (US$ Million)
- 10.1.2.5 South Korea: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.5.1 Overview
- 10.1.2.5.2 South Korea: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.5.3 South Korea: Aortic Valve Replacement Devices Market, by Product, 2020-2030 (US$ Million)
- 10.1.2.5.4 South Korea Aortic Valve Replacement Devices Market, by Surgery, 2020-2030 (US$ Million)
- 10.1.2.5.5 South Korea Aortic Valve Replacement Devices Market, by End User, 2020-2030 (US$ Million)
- 10.1.2.6 Rest of Asia Pacific: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.6.1 Overview
- 10.1.2.6.2 Rest of Asia Pacific: Aortic Valve Replacement Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.6.3 Rest of Asia Pacific: Aortic Valve Replacement Devices Market, by Product, 2020-2030 (US$ Million)
- 10.1.2.6.4 Rest of Asia Pacific Aortic Valve Replacement Devices Market, by Surgery, 2020-2030 (US$ Million)
- 10.1.2.6.5 Rest of Asia Pacific Aortic Valve Replacement Devices Market, by End User, 2020-2030 (US$ Million)
11. Asia Pacific Aortic Valve Replacement Devices Market Industry Landscape
- 11.1 Overview
- 11.2 Growth Strategies in Asia Pacific Aortic Valve Replacement Devices Market
- 11.3 Organic Growth Strategies
- 11.4 Inorganic Growth Strategies
12. Key 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 LivaNova Plc
- 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 Artivion 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
- 12.7 Venus MedTech HangZhou Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
13. Appendix
- 13.1 About Us
- 13.2 Glossary of Terms