APAC Cardiovascular Devices Market Analysis


  • Type: Common Disease Area
  • Published : January 2022
  • Region: APAC
  • Country: Other
  • Report ID : 5038

  • Format: PPT, PDF

APAC Cardiovascular Devices Market Analysis: Segmented by Device, Application, End-User – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

SKU: 5038 Categories: ,

Report Description of the APAC Cardiovascular Devices Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for APAC Cardiovascular Devices Market  Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the APAC Cardiovascular Devices Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

APAC Cardiovascular Devices Market Analysis Executive Summary

The cardiovascular devices is an emerging field in the medical industry and has led to various developments of the products, in the field of cardiology. Many of the market players are developing novel products in order to minimize the burden of cardiovascular diseases such as heart stroke, congenital heart disease, coronary artery disease, cerebrovascular heart disease, heart arrhythmia and rheumatic heart disease. These diseases can be treated using a variety of advanced medical devices such as pacemakers, left-ventricle assist devices and implantable cardioverter defibrillators.

Market Size and Key Findings

The APAC Cardiovascular Devices Market Analysis size stood at around USD 8.85 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 7% during the forecast period.

The Asia-Pacific Cardiovascular devices market size was valued at $8.85 billion in 2020 and is projected to reach xx million by 2028, registering a CAGR of 7% from 2020 to 2028.

Market Dynamics

Market Growth Drivers Analysis

The growth of the cardiovascular devices market is primarily attributed to the increasing acquisitions and collaboration activities and increasing rate of obesity. The growth of the cardiovascular devices market is primarily attributed to the increasing acquisitions and collaboration activities and increasing rate of obesity. There is a higher increasing risk of developing complications and premature mortality with obese population. Obesity plays a major role in increasing cardiovascular diseases among the population across the region.

Market Restraints

Shortage of skilled workers is likely to pose a negative impact on the market growth.

COVID-19 impact on “APAC Cardiovascular Devices Market”

The COVID-19 pandemic impacted the production of cardiovascular devices in 2020. Furthermore, the delay of elective procedures due to COVID-19-related measures has adversely affected the cardiovascular medical devices market, especially in 2020. While some cardiovascular procedures are considered urgent, others have been postponed and delayed since the beginning of the global pandemic. Hence, lifestyle changes and medication can be temporarily prescribed instead of cardiovascular procedures for some patients. Another factor negatively impacting the market is the reduction in the diagnosis of cardiovascular diseases due to healthcare resources being reserved for COVID-19 patients. Many medical device companies have experienced losses in their cardiovascular devices business due to the pandemic.

Competitive Landscape

Key Players

The companies which are contributing to the growth of the Asia-Pacific cardiovascular devices market include Abbott Laboratories, Boston Scientific Corp., Edwards Life sciences Corp., Medtronic PLC, Terumo Corp., and Becton, Dickinson and Co. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market.

Products in Pipeline

In January 2016, Lepu announced that it was investigating opportunities to sell its pacemakers to the Indian market. Thus, the cardiovascular devices market is anticipated to grow due to increasing acquisitions and collaboration activities in the region.

Notable Recent Deals

  • According to the World Health Organization (WHO), particular in South Asia, 97% increase in CVD deaths experienced from 1990 to 2013. In addition, in China, nearly 230 million people out of the country’s 1.3 billion currently suffer from CVDs. In 2015, Japan-based Nipro Corp. acquired Infraredx, a U.S. company that is specialized in building intravascular imaging devices. Moreover, BSP, Ltd., an Israeli device manufacturer, which is engaged in manufacturing heart monitoring equipment, has marketing its products throughout Southeast Asia. Recently, it teamed up with Schiller, a Swiss company, to sell a variety of ECG products to hospitals and healthcare providers in Asia. The products of these companies are used in the diagnosis and monitoring of various heart conditions. Additionally, MicroPort received market approval in Indonesia to launch its Foxtrot balloon catheter, in February 2016.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

CVD policies do exist in some form in all economies studied, however there is substantial room for improvement. Policies on modifiable risk factors exist but the success of translating these into legislation and action, along with measuring impact, remains to be defined. Only one market (Australia) has a comprehensive public health awareness campaign. Clinical practice guidelines for CVD secondary prevention, myocardial infarction and stroke vary substantially across economies. Primary care systems are evolving in many Asian economies, and integration of services is a work in progress.

1. Report Description of the APAC Cardiovascular Devices Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. APAC Cardiovascular Devices Market Analysis Executive Summary
2.1 APAC Cardiovascular Devices Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of APAC Cardiovascular Devices Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Increasing Acquisitions and Collaboration Activities
3.1.2 Increasing Rate of Obesity
3.2 Market Restraints Analysis
3.2.1 Shortage of Skilled Workers
3.3 Covid-19 Market Impact Analysis
4. APAC Cardiovascular Devices Market Segmentation
4.1 By Device:
4.1.1 Event Monitor Market
4.1.2 Electrocardiography (ECG) Market
4.1.3 Cardiac Catheter Market
4.1.4 Stent Market
4.1.5 Defibrillator Market
4.1.6 Guidewire Market
4.1.7 Pacemaker Market
4.1.8 Heart Valve Market
4.2 By Application:
4.2.1 Coronary Heart Disease Market
4.2.2 Stroke Market
4.2.3 Sudden Cardiac Arrest Market
4.2.4 Cerebrovascular Heart Disease Market
4.2.5 Other Market
4.3 By End-User:
4.3.1 Hospitals Market
4.3.2 Cardiac Centers Market
4.3.3 Ambulatory Surgery Centers Market
5. APAC Cardiovascular Devices Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Cardiovascular Device Market
6.4 Notable recent deals in Cardiovascular Device Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Medtronic Company overview
Product & Services, Strategies & Financials
7.2 Boston Scientific Corporation Company overview
Product & Services, Strategies & Financials
7.3 Abbott Company overview
Product & Services, Strategies & Financials
7.4 Biosense Webster, Inc. (Johnson And Johnson) Company overview
Product & Services, Strategies & Financials
7.5 General Electric Company overview
Product & Services, Strategies & Financials
7.6 Koninklijke Philips N.V. Company overview
Product & Services, Strategies & Financials
7.7 Siemens Ag Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Cardiovascular Device market
9.2 Future Opportunities
10. Strategic Recommendations

APAC Cardiovascular Devices Market Analysis Segmentation

By Device:

In 2018, the event monitor segment held a largest market share of 24.5% of the cardiovascular devices market, by device. The event monitor segment is expected to dominate its market share in 2028 owing to the advantages offered such as easy monitoring and recording the cardiac rhythms of the patients. The ECG segment is anticipated to witness the fastest growth rate of 8.3% during the forecast period, 2020 to 2028 owing to the technological advancements in the medical devices that allows the diagnose the heart beat in less time also the development has enabled to produce small and handy ECG devices.

By Application:

In 2018, the coronary heart disease held a largest market share of 41.8% of the cardiovascular devices market, by application. The coronary heart disease segment is expected to dominate its market share in 2028 owing to the rising prevalence of the disease. However, the stroke segment is anticipated to witness the fastest growth rate of 7.9% during the forecast period, 2020 to 2028.

By End-User:

In 2018, the hospitals held a largest market share of 61.9% of the cardiovascular devices market, by end user. This segment is also expected to dominate the market in 2028 owing to the need for the cardiovascular surgery treatments that has become the major factor for the growth of the cardiovascular devices market. Also the hospitals segment is expected to grow at the fastest growth rate of 7.2% during the forecast period, 2020 to 2028.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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