South Korea Heart Valve Repair and Replacement Market to 2032
Overview
The South Korea Heart Valve Repair and Replacement Market is expected to reach a 321.07 USD Million by 2032 and is projected to grow at a CAGR of 19.58% from 2025 to 2032.
Revenue, 2024 (USD Million)
126.29
Forecast, 2032 (USD Million)
321.07
CAGR, 2024 - 2032
19.58%
Report Coverage
South Korea
South Korea Heart Valve Repair and Replacement Market 2018-2032 USD Million
South Korea Heart Valve Repair and Replacement Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 126.29 USD Million
- Projected Market Size (2032): 321.07 USD Million
- CAGR (2025-2032): 19.58%
Key Findings of South Korea Heart Valve Repair and Replacement Market
- The South Korea Heart Valve Repair and Replacement Market was valued at 126.29 USD Million in 2024.
- The South Korea Heart Valve Repair and Replacement Market is likely to grow at a CAGR of 19.58% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Surgical Procedure in Procedure Segment accounted for the largest share of the market with a revenue of 123.58 USD Million
- The fastest growing segment TAVI / TAVR Valve in Product Segment grew Fastest with a CAGR of 20.07% during the forecast period from 2024 to 2032.
South Korea Heart Valve Repair and Replacement Market Scope
South Korea Heart Valve Repair and Replacement Market Segmentation & Scope
Product
- Medication
- Patches
- Others
- Grafts
- TAVI / TAVR Valve
- Surgical Heart Valve Repair
- Surgical Heart Valve Replacement
Procedure
- Non-Surgical Procedure
- Surgical Procedure
Distribution Channel
- Others
- Retail Sales
- Direct Tender
End User
- Others
- Cardiac Catheterization Lab
- Specialty Centers
- Ambulatory Surgical Centers
- Hospital
Indication
- Others
- Mitral Valve Prolapse
- Valvular Insufficiency
- Valvular Stenosis
South Korea Heart Valve Repair and Replacement Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 126.29 USD Million |
| Market Value in 2032 | 321.07 USD Million |
| CAGR (2025-2032) | 19.58% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Product,Procedure,Distribution Channel,End User,Indication |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 126.29 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 126.29 USD Million in 2024.
Segments and Scope
-
South Korea Heart Valve Repair and Replacement Market to 2032, By Product
- Surgical Heart Valve Replacement is the largest segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a revenue of 62.50 USD Million in the year 2024.
- TAVI / TAVR Valve is the Fastest growing segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a Growth rate of 19.81 % in forecast period 2025-2032.
-
South Korea Heart Valve Repair and Replacement Market to 2032, By Procedure
- Surgical Procedure is the largest segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a revenue of 123.58 USD Million in the year 2024.
- Surgical Procedure is the Fastest growing segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a Growth rate of 19.60 % in forecast period 2025-2032.
-
South Korea Heart Valve Repair and Replacement Market to 2032, By Distribution Channel
- Direct Tender is the largest segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a revenue of 107.27 USD Million in the year 2024.
- Direct Tender is the Fastest growing segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a Growth rate of 19.69 % in forecast period 2025-2032.
-
South Korea Heart Valve Repair and Replacement Market to 2032, By End User
- Hospital is the largest segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a revenue of 78.05 USD Million in the year 2024.
- Hospital is the Fastest growing segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a Growth rate of 19.83 % in forecast period 2025-2032.
-
South Korea Heart Valve Repair and Replacement Market to 2032, By Indication
- Valvular Stenosis is the largest segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a revenue of 65.25 USD Million in the year 2024.
- Valvular Stenosis is the Fastest growing segment in South Korea Heart Valve Repair and Replacement Market to 2032 with a Growth rate of 19.87 % in forecast period 2025-2032.
South Korea Heart Valve Repair and Replacement Market Company Share Analysis
| Company Name |
|
||
| Medtronic | |||
| BIOTRONIK SE & Co. KG | |||
| Abbott | |||
| Edwards Lifesciences Corporation | |||
| Meril Life Sciences Pvt. Ltd. | |||
South Korea Heart Valve Repair and Replacement Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Heart Valve Repair and Replacement Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Heart Valve Repair and Replacement Market is segmented based on Segmentation Product,Procedure,Distribution Channel,End User,Indication.
South Korea Heart Valve Repair and Replacement Market was valued at USD 126.29(Revenue in USD Million) in 2020.
South Korea Heart Valve Repair and Replacement Market is projected to grow at a CAGR of 19.58% during the forecast period of 2024 to 2032.
The Surgical Procedure segment is expected to dominate the South Korea Heart Valve Repair and Replacement Market, holding a largest market share of 123.58 USD Million in 2024
South Korea Heart Valve Repair and Replacement Market Scope
South Korea Heart Valve Repair and Replacement Market Segmentation & Scope
Product
- Medication
- Patches
- Others
- Grafts
- TAVI / TAVR Valve
- Surgical Heart Valve Repair
- Surgical Heart Valve Replacement
Procedure
- Non-Surgical Procedure
- Surgical Procedure
Distribution Channel
- Others
- Retail Sales
- Direct Tender
End User
- Others
- Cardiac Catheterization Lab
- Specialty Centers
- Ambulatory Surgical Centers
- Hospital
Indication
- Others
- Mitral Valve Prolapse
- Valvular Insufficiency
- Valvular Stenosis
Frequently Asked Questions
The South Korea Heart Valve Repair and Replacement Market is segmented based on Segmentation Product,Procedure,Distribution Channel,End User,Indication.
South Korea Heart Valve Repair and Replacement Market was valued at USD 126.29(Revenue in USD Million) in 2020.
South Korea Heart Valve Repair and Replacement Market is projected to grow at a CAGR of 19.58% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Heart Valve Repair and Replacement Market for final year is USD 321.07 (USD Million).
South Korea Heart Valve Repair and Replacement Market Company Profiling
Frequently Asked Questions
The South Korea Heart Valve Repair and Replacement Market is segmented based on Segmentation Product,Procedure,Distribution Channel,End User,Indication.
South Korea Heart Valve Repair and Replacement Market was valued at USD 126.29(Revenue in USD Million) in 2020.
South Korea Heart Valve Repair and Replacement Market is projected to grow at a CAGR of 19.58% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Heart Valve Repair and Replacement Market for final year is USD 321.07 (USD Million).
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