Thailand Structural Heart Devices Market Size & Outlook
Thailand structural heart devices market, 2018-2030 (US$M)
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Thailand structural heart devices market highlights
- The Thailand structural heart devices market generated a revenue of USD 149.2 million in 2023 and is expected to reach USD 410.7 million by 2030.
- The Thailand market is expected to grow at a CAGR of 15.6% 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 149.2 million |
| Market revenue in 2030 | USD 410.7 million |
| Growth rate | 15.6% (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, Thailand accounted for 1.1% 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 |
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Thailand 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 54.69% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand's rapidly aging population, coupled with an increasing prevalence of CVDs, particularly aortic valve disorders, has created a heightened demand for advanced cardiac interventions.
Moreover, the country's burgeoning medical tourism sector, offering high-quality healthcare services at competitive prices, has attracted patients from both within & outside the region seeking advanced treatments, including TAVR procedures.
Recent industry data indicates a notable rise in the adoption of structured heart devices in Thailand, with a steady increase in the number of TAVR procedures performed annually. In addition, collaborations between local healthcare institutions & multinational device manufacturers to introduce innovative technologies into the market further contribute to the sector's growth trajectory.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand structural heart devices market , including forecasts for subscribers. This country databook contains high-level insights into Thailand structural heart devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand structural heart devices market size, by type, 2018-2030 (US$M)
Thailand Structural Heart Devices Market Outlook Share, 2023 & 2030 (US$M)
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