Asia Pacific Aortic Valve Replacement Devices Market Forecast to 2030
Asia Pacific Aortic Valve Replacement Devices Market Forecast to 2030 – Regional Analysis – by Product (Sutureless Valve and Mechanical Valve), Surgery (Minimally Invasive Surgery and Open Surgery), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others).
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Description
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.
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According to The Research Team’ research, the Asia Pacific aortic valve replacement devices market was valued at US$ 1,323.15 million in 2022 and is expected to reach US$ 3,489.38 million by 2030, registering a CAGR of 12.9% from 2022 to 2030. Rising number of aortic valve replacement surgeries and increasing demand for minimally invasive techniques are among the critical factors attributed to the Asia Pacific aortic valve replacement devices market expansion.
The increasing demand for minimally invasive techniques in aortic valve replacement surgeries reflects a significant shift in medical practice and patient preferences. In a minimally invasive aortic valve replacement, a poorly working aortic valve is replaced with an artificial valve. This trend is driven by the desire to minimize the invasiveness of procedures, reduce the associated risks, and promote faster recovery times. Minimally invasive approaches typically involve smaller incisions and the use of specialized instruments and technologies to access the heart, which can lead to shorter hospital stays and less scarring. Moreover, patients often experience less pain and a quicker return to their daily activities. Surgeons have embraced these techniques due to their potential benefits, and advancements in medical devices and surgical skills have further facilitated widespread adoption. As a result, healthcare institutions are investing in training their medical teams and acquiring the necessary equipment to meet the increasing demand for minimally invasive aortic valve replacement surgeries, thereby providing patients with improved treatment options and enhanced overall healthcare experiences.
On the contrary, product recalls hurdle the growth of Asia Pacific aortic valve replacement devices market.
Based on product, the Asia Pacific aortic valve replacement devices market is segmented into sutureless valve and mechanical valve. The sutureless valve segment held 62.7% share of Asia Pacific aortic valve replacement devices market in 2022, amassing US$ 829.36 million. It is projected to garner US$ 2,262.18 million by 2030 to expand at 13.4% CAGR during 2022–2030.
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 75.6% share of Asia Pacific aortic valve replacement devices in 2022, amassing US$ 1,000.39 million. It is projected to garner US$ 2,742.01 million by 2030 to expand at 13.4% CAGR during 2022–2030.
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 66.7% share of Asia Pacific aortic valve replacement devices market in 2022, amassing US$ 882.92 million. It is projected to garner US$ 2,399.56 million by 2030 to expand at 13.3% CAGR during 2022–2030.
Based on country, the Asia Pacific aortic valve replacement devices market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 24.1% share of Asia Pacific aortic valve replacement devices market in 2022. It was assessed at US$ 318.75 million in 2022 and is likely to hit US$ 851.76 million by 2030, exhibiting a CAGR of 13.1% during 2022–2030.
Key players operating in the Asia Pacific aortic valve replacement devices market are Abbott Laboratories, Artivion Inc, Boston Scientific Corp, Edwards Lifesciences Corp, LivaNova Plc, Medtronic Plc, and Venus MedTech HangZhou Inc, among others.
In May 2023, Edwards Lifesciences announced new data from the COMMENCE aortic trial, demonstrating low structural valve deterioration (SVD) rates in bioprosthetic aortic valves with the company’s innovative RESILIA tissue. The data, representing the longest clinical follow-up for Edwards’ bioprosthetic surgical aortic valve with RESILIA tissue with a mean follow-up of 7.7 years, were presented at the 103rd annual meeting of the American Association for Thoracic Surgery. In Feb 2023, Medtronic relaunched 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 right ventricular outflow tract (RVOT).
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific aortic valve replacement devices market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific aortic valve replacement devices market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the aortic valve replacement devices market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
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
11.3.1 Overview
11.4 Inorganic Growth Strategies
11.4.1 Overview
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
LIST OF TABLES
Table 1. Asia Pacific Aortic Valve Replacement Devices Market Segmentation
Table 2. China Aortic Valve Replacement Devices Market, by Product – Revenue and Forecast to 2030 (US$ Million)
Table 3. China Aortic Valve Replacement Devices Market, by Surgery– Revenue and Forecast to 2030 (US$ Million)
Table 4. China Aortic Valve Replacement Devices Market, by End User– Revenue and Forecast to 2030 (US$ Million)
Table 5. Japan Aortic Valve Replacement Devices Market, by Product – Revenue and Forecast to 2030 (US$ Million)
Table 6. Japan Aortic Valve Replacement Devices Market, by Surgery– Revenue and Forecast to 2030 (US$ Million)
Table 7. Japan Aortic Valve Replacement Devices Market, by End User– Revenue and Forecast to 2030 (US$ Million)
Table 8. India Aortic Valve Replacement Devices Market, by Product – Revenue and Forecast to 2030 (US$ Million)
Table 9. India Aortic Valve Replacement Devices Market, by Surgery– Revenue and Forecast to 2030 (US$ Million)
Table 10. India Aortic Valve Replacement Devices Market, by End User– Revenue and Forecast to 2030 (US$ Million)
Table 11. Australia Aortic Valve Replacement Devices Market, by Product – Revenue and Forecast to 2030 (US$ Million)
Table 12. Australia Pacific Aortic Valve Replacement Devices Market, by Surgery– Revenue and Forecast to 2030 (US$ Million)
Table 13. Australia Aortic Valve Replacement Devices Market, by End User– Revenue and Forecast to 2030 (US$ Million)
Table 14. South Korea Aortic Valve Replacement Devices Market, by Product – Revenue and Forecast to 2030 (US$ Million)
Table 15. South Korea Aortic Valve Replacement Devices Market, by Surgery– Revenue and Forecast to 2030 (US$ Million)
Table 16. South Korea Aortic Valve Replacement Devices Market, by End User– Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Asia Pacific Aortic Valve Replacement Devices Market, by Product – Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Asia Pacific Aortic Valve Replacement Devices Market, by Surgery– Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Asia Pacific Aortic Valve Replacement Devices Market, by End User– Revenue and Forecast to 2030 (US$ Million)
Table 20. Recent Organic Growth Strategies in Aortic Valve Replacement Devices Market
Table 21. Recent Inorganic Growth Strategies in the Aortic Valve Replacement Devices Market
Table 22. Glossary of Terms, Aortic Valve Replacement Devices Market
LIST OF FIGURES
Figure 1. Asia Pacific Aortic Valve Replacement Devices Market Segmentation, By Country
Figure 2. Asia Pacific – PEST Analysis
Figure 3. List of Vendors
Figure 4. Asia Pacific Aortic Valve Replacement Devices Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Aortic Valve Replacement Devices Market Revenue (US$ Mn), 2022 – 2030
Figure 7. Asia Pacific Aortic Valve Replacement Devices Market Revenue Share, by Product 2022 & 2030 (%)
Figure 8. Mechanical Valve: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Sutureless Valve: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Asia Pacific Aortic Valve Replacement Devices Market Revenue Share, by Surgery 2022 & 2030 (%)
Figure 11. Open Surgery: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Minimally Invasive Surgery: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Asia Pacific Aortic Valve Replacement Devices Market Revenue Share, by End User 2022 & 2030 (%)
Figure 14. Hospitals & Clinics: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Ambulatory Surgery Centers: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: Asia Pacific Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific: Aortic Valve Replacement Devices Market, by Key Country – Revenue (2022) (US$ Million)
Figure 18. Asia Pacific: Aortic Valve Replacement Devices Market, by Country, 2022 & 2030 (%)
Figure 19. China: Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Japan: Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. India: Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Australia: Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. South Korea: Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Rest of Asia Pacific: Aortic Valve Replacement Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Growth Strategies in Asia Pacific Aortic Valve Replacement Devices Market
The List of Companies – Asia Pacific Aortic Valve Replacement Devices Market
o Abbott Laboratories
o Artivion Inc
o Boston Scientific Corp
o Edwards Lifesciences Corp
o LivaNova Plc
o Medtronic Plc
o Venus MedTech HangZhou Inc
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