Japan Structural Heart Devices Market Size & Outlook
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Japan structural heart devices market highlights
- The Japan structural heart devices market generated a revenue of USD 734.5 million in 2023 and is expected to reach USD 2,142.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, tavr (transcatheter aortic valve replacement) was the largest revenue generating type in 2023.
- LAAC (Left Atrial Appendage Closure) is the most lucrative type segment registering the fastest growth during the forecast period.
Structural heart devices market data book summary
| Market revenue in 2023 | USD 734.5 million |
| Market revenue in 2030 | USD 2,142.7 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | Tavr (transcatheter aortic valve replacement) |
| Fastest growing segment | LAAC (Left Atrial Appendage Closure) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | SAVR (Surgical Aortic Valve Replacement), TAVR (Transcatheter Aortic Valve Replacement), Mitral Repair (Annuloplasty), LAAC (Left Atrial Appendage Closure) |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Edwards Lifesciences Corp, Abbott Laboratories, St. Jude Medical, LivaNova PLC, Stryker Corp, Lepu Medical, Biomerics, CardioKinetix |
Other key industry trends
- In terms of revenue, Japan accounted for 5.2% of the global structural heart devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan structural heart devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,712.0 million by 2030.
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Structural Heart Devices Market Scope
Structural Heart Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CardioKinetix | View profile | 11-50 | Menlo Park, California, United States, North America | http://www.cardiokinetix.com |
| Biomerics | View profile | 1001-5000 | Salt Lake City, Utah, United States, North America | http://biomerics.com |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Lepu Medical | View profile | 10001+ | Changping, Beijing, China, Asia | http://en.lepumedical.com/ |
| St. Jude Medical | View profile | 10001+ | Saint Paul, Minnesota, United States, North America | http://www.sjm.com |
| Edwards Lifesciences Corp | View profile | 19800 | One Edwards Way, Irvine, CA, United States, 92614 | https://www.edwards.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Japan structural heart devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to structural heart devices market will help companies and investors design strategic landscapes.
Tavr (transcatheter aortic valve replacement) was the largest segment with a revenue share of 64.33% in 2023. Horizon Databook has segmented the Japan structural heart devices market based on savr (surgical aortic valve replacement), tavr (transcatheter aortic valve replacement), mitral repair (annuloplasty), laac (left atrial appendage closure) covering the revenue growth of each sub-segment from 2018 to 2030.
The burgeoning aging population and the escalating incidence of CVDs stand out as pivotal drivers propelling the structural heart devices market forward. With these health challenges on the rise, the demand for cutting-edge medical technologies becomes imperative for effective treatment.
Among the transformative advancements, TAVR and Transcatheter Mitral Valve Repair (TMVR) have emerged as game-changers, supplanting traditional open-heart surgical procedures. This shift toward minimally invasive interventions is buoyed by heightened patient awareness regarding therapeutic alternatives, fostering a steady surge in demand for these procedures.
Unlike many of its Asian counterparts, where the exorbitant costs of TAVR devices pose formidable barriers, Japan sets a striking example with its inclusive insurance coverage encompassing all treatment expenses, including those associated with TAVR procedures.
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Target buyers of Japan structural heart devices market databook
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Our clientele includes a mix of structural heart devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan structural heart devices market , including forecasts for subscribers. This country databook contains high-level insights into Japan structural heart devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan structural heart devices market size, by type, 2018-2030 (US$M)
Japan Structural Heart Devices Market Outlook Share, 2023 & 2030 (US$M)
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