Transcatheter Structural Heart Device Market size was valued at USD 6.5 Billion in 2024 and is forecasted to grow at a CAGR of 8.2% from 2026 to 2033, reaching USD 12.8 Billion by 2033.
The South Korea Transcatheter Structural Heart Device Market has seen significant growth in recent years due to advancements in medical technology and an increasing demand for minimally invasive heart procedures. These devices, designed for non-surgical treatment of structural heart diseases, are revolutionizing the healthcare landscape in South Korea. With the country’s aging population and the rise in cardiovascular diseases, the need for such solutions is only expected to grow, creating new opportunities for both manufacturers and healthcare providers.
Transcatheter Structural Heart Devices are primarily used for treating conditions like heart valve disorders, septal defects, and other structural heart issues without the need for open-heart surgery. This trend aligns with a broader global shift toward less invasive treatments, which have faster recovery times and lower risks of complications. In South Korea, the adoption of these devices has been fueled by a robust healthcare infrastructure, strong regulatory frameworks, and an increasing acceptance of advanced medical technologies.
The market is driven by various factors including technological innovations, government support for healthcare advancements, and the rising prevalence of heart-related diseases. Furthermore, South Korean hospitals and clinics are increasingly adopting transcatheter techniques due to the reduced hospital stay and quicker recovery times compared to traditional surgical methods. The requirement from industries, particularly in the medical device sector, is focused on developing more efficient, cost-effective, and safe transcatheter devices that meet the specific needs of South Korean patients.
Market players are continuously improving the design and performance of these devices to cater to the growing demand. For instance, newer devices are being developed with enhanced features such as greater precision in valve deployment and improved patient compatibility. In addition, collaboration between local manufacturers and global device companies is also contributing to the growth of the Transcatheter Structural Heart Device Market in South Korea.
As the demand for these devices continues to rise, there is also a growing focus on regulatory standards to ensure safety and efficacy. South Korea’s regulatory bodies are working diligently to streamline approval processes for new medical technologies, ensuring that innovative solutions can reach the market faster while maintaining high safety standards. This regulatory environment is essential for fostering growth and meeting the increasing demand for transcatheter treatments.
The Transcatheter Structural Heart Device Market is expected to continue expanding as both technological advancements and healthcare needs evolve. The ongoing development of these devices presents promising opportunities for healthcare providers and medical device manufacturers alike, positioning South Korea as a key player in the global medical technology landscape.
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Medtronic
Boston Scientific Corporation
Abbott
Edwards Lifesciences Corporation
Lifetech
Braile Biomedica
Micro Interventional Devices
LivaNova PLC
Cryolife
Neovasc
4C Medical Technologies
Highlife
Lepu Medical
Dinova Medtech
NewMed Medical
Venus Medtech
Hanyu Medical
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.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Transcatheter Structural Heart Device Market
Transcatheter Aortic Valve Implantation (TAVI)
Transcatheter Mitral Valve Repair (TMVr)
Transcatheter Mitral Valve Replacement (TMVR)
Left Atrial Appendage Closure (LAAC)
Transcatheter Septal Defect Closure
Aortic Stenosis
Mitral Regurgitation
Structural Heart Defects
Pulmonary Stenosis
Heart Failure
Elective Procedures
Emergency Procedures
Hospitals
Cardiac Catheterization Laboratories
Ambulatory Surgical Centers
Research and Academic Institutions
Self-expandable Valves
Balloon-expandable Valves
Hybrid Valves
Frame Design (e.g., Crimped, Non-Crimped)
Delivery System Types
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Transcatheter Structural Heart Device 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 Transcatheter Structural Heart Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Transcatheter Structural Heart Device Market, By Type
6. South Korea Transcatheter Structural Heart Device Market, By Application
7. South Korea Transcatheter Structural Heart Device Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Transcatheter Structural Heart Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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