South Korea Heart Valve Repair Products Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
South Korea's Heart Valve Repair Products Market: Applications and Industry Requirements
South Korea's heart valve repair products market has experienced significant growth in recent years, driven by technological advancements and an increasing prevalence of cardiovascular diseases. In 2023, the market was valued at approximately USD 36.2 million, with projections indicating a continued upward trajectory. This growth underscores the critical role of heart valve repair products in the nation's healthcare landscape.
One notable trend is the shift towards minimally invasive procedures, such as Transcatheter Aortic Valve Replacement (TAVR). TAVR offers a less invasive alternative to traditional open-heart surgeries, reducing recovery times and associated risks. In 2023, TAVR emerged as the largest revenue-generating segment within South Korea's structural heart devices market, reflecting its growing acceptance among both patients and healthcare providers.
Industry leaders like Edwards Lifesciences and Medtronic have been instrumental in this sector's expansion. Edwards Lifesciences, for instance, reported global TAVR sales of $1.04 billion in the fourth quarter of 2024, marking a 6% year-over-year increase. Such robust performance highlights the escalating demand for advanced heart valve repair solutions.
To meet industry requirements, heart valve repair products must adhere to stringent standards. Key considerations include:
Durability and Longevity: Devices should withstand the heart's dynamic environment over extended periods.
Biocompatibility: Materials used must minimize the risk of adverse reactions.
Ease of Deployment: Simplified implantation procedures can enhance patient outcomes and reduce operation times.
Regulatory Compliance: Adherence to South Korea's medical device regulations ensures safety and efficacy.
Furthermore, the market's growth is supported by South Korea's robust healthcare infrastructure and the government's commitment to adopting cutting-edge medical technologies. The increasing prevalence of cardiovascular diseases, attributed to aging populations and lifestyle factors, further amplifies the demand for effective heart valve repair solutions.
In conclusion, South Korea's heart valve repair products market is poised for sustained growth. By focusing on innovation, quality, and compliance, manufacturers can effectively cater to the evolving needs of both patients and healthcare providers, solidifying their position in this dynamic market.
Get an In-Depth Research Analysis of the South Korea Heart Valve Repair Products Market Size And Forecast [2025-2032]
Â
On-X Life Technologies
Coroneo
Lenzing Plastics
Abbott Laboratories
Medtronic
Balance Medical
Baxter Healthcare Corp.(Edwards CVS)
P+F Products + Features GmbH
Valcare Medical
Edwards
Pro Buono
Aesculap
Inc.
Valtech
Venus Medtech
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Heart Valve Repair Products Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Heart Valve Repair Products Market
Mechanical Heart Valves
Biological Heart Valves
Transcatheter Heart Valves
Heart Valve Repair Devices
Metallic Materials
Polymeric Materials
Biological Materials
Aortic Valve Repair
Mitral Valve Repair
Tricuspid Valve Repair
Pulmonary Valve Repair
Hospitals
Ambulatory Surgical Centers
Cardiac Clinics
Research Institutions
Open-heart Surgery
Minimally Invasive Surgery
Transcatheter Intervention
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Heart Valve Repair Products Market Research Analysis
1. Introduction of the South Korea Heart Valve Repair Products Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Heart Valve Repair Products Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Heart Valve Repair Products Market, By Type
6. South Korea Heart Valve Repair Products Market, By Application
7. South Korea Heart Valve Repair Products Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Heart Valve Repair Products Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/