The Asia Pacific IC device market will continue to grow rapidly, driven by the increasing prevalence and diagnosis of CAD among the patient population. Rising uptake of next-generation DES and BRS later in the forecast period, increasing PCI volumes, and the recent increase of the price ceiling for coronary stents in the large Indian market will all contribute to overall expansion through 2028. 

This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for IC devices in Asia Pacific across a 10-year period.


The continued launch of newer BRS and DCBs will drive a shift in device preference in procedures that have traditionally been performed with DES or BMS, respectively.

How are current recommendations for use dictating adoption of DESBMS, and BRS for CAD patients?

What is the evolving role of DCBs in PCIs in the current clinical landscape?

What has been impact of the launch of Abbott Laboratories' XIENCE Sierra on the DES market?

Price competition will limit revenue growth potential, especially in light of increased cost consciousness among health care facilities.

How will ASP trends vary by country?

What are the effects of government-driven pricing pressure on ASPs, and which product segments will be most impacted?

Which segments will experience the most price competition?

The Asia Pacific IC device market is characterized by the presence of several domestic manufacturers.

What companies lead the different IC device segments?

In which segments are domestic manufacturers challenging the positions of the international manufacturers, and how?

What strategies are used by international competitors to succeed in this market?

What is the role of distributors in the success of international companies?

What strategies can new competitors employ to gain entry into the Asia Pacific coronary stent market?

Table of contents

  • Asia Pacific
    • Abstract
    • Executive Summary
      • Market Highlights
      • Competitive Highlights
      • Market Developments
      • End-User Insights
      • Geographies Covered
      • Procedures Covered
      • Products Covered
    • Key Report Updates
    • Interventional Cardiology Device Market
      • Market Highlights
        • Australia
        • China
        • India
        • South Korea
      • Market Definitions
      • Market Forecast Data
      • Competitive Highlights
      • Market Shares
      • Competitive Factors and Strategies
        • Local Marketing Strategies
        • Distribution and Sales Network
        • Domestic Competitors
        • Clinical Data
        • Pricing Strategies and Purchasing Options
        • Product Improvements and Innovations
        • Mergers, Acquisitions, and Partnerships
        • Physician Training and Marketing
      • Market Developments
    • Coronary Stent Market
      • Market Highlights
      • Market Definitions
      • Market Forecast Data
      • Competitive Highlights
      • Market Shares
      • Competitive Factors and Strategies
        • Product Improvements and Innovations
    • PTCA Balloon Catheter Market
      • Market Highlights
      • Market Definitions
      • Market Forecast Data
      • Competitive Highlights
      • Market Shares
      • Competitive Factors and Strategies
        • Domestic Competitors
        • Pricing Strategies and Purchasing Options
    • Accessory Device Market
      • Market Highlights
      • Market Definitions
      • Market Forecast Data
      • Competitive Highlights
      • Market Shares
      • Competitive Factors and Strategies
        • Domestic Competitors
        • Pricing Strategies and Purchasing Options
        • Product Improvements and Innovations
        • Physician Training and Marketing
    • Intravascular Imaging Catheter and Pressure Guidewire Market
      • Market Highlights
      • Market Definitions
      • Market Forecast Data
      • Competitive Highlights
      • Market Shares
      • Competitive Factors and Strategies
        • Clinical Data
        • Pricing Strategies and Purchasing Options
    • Thrombectomy and Thrombolysis Device Market
      • Market Highlights
      • Market Definitions
      • Market Forecast Data
      • Competitive Highlights
      • Market Shares
      • Competitive Factors and Strategies
    • Appendix
      • Abbreviations
      • Bibliography

Author(s): Sangeetha Iyer, Pharm.D; Ashish Bhupal, MBA; Sean Messenger, BSc; Megha Maheshwari, MBA; Pankhil Gandhi, PharmD; Suraj Nair, Masters in Bioprocess Technology

Sangeetha Iyer is an analyst within the Cardiovascular Medtech Insights team at Decision Resource Group, specializing in structural heart closure and vascular access device markerts across the Asia Pacific region, as well as medical device pricing and regulations in China and Japan. Sangeetha has represnted India at the European Society of Cardiology confrerence in Greece(2016) and Sweden(2017), where her research poster was awarded the top prize. Sangeetha holds a Doctor of Pharmacy degree from the Manipal Academy of Higher Education. Follow Sangeetha on twitter: @Slyer_DRG

Ashish Bhupal is a team lead within the Cardiovascular Medtech Insights team at Decision Resources Group, specializing in clot managment, vascular access, aortic repair, heart valve, structural heart, and transcatheter embolization and occlusion device markets. Ashish holds a Bachelor's in Biotechnology and an MBA in Biotechnology Managment from Amity University, as well as a Six Sigma Green Belt certification from The British Standards Institution. Follow Ashish on Twitter: @Ashishb_DRG.

Sean Messenger is a senior manager on the Medtech Insights team, leading a team of analysts responsible for monitoring and analyzing global cardiovascular, endoscopic and open surgical, imaging, and healthcare IT device markets. Sean has led and participated in several speaking engagements, including leading a conference talk at the Life Sciences Forum in Costa Rica as well as partnering with Bloomberg Intelligence during ACC 2016 and TCT 2016 to lead talks on emerging cardiovascular therapies. Follow Sean on Twitter: @smessengerDRG

Megha Maheshwari is a principal analyst within the Cardiovascular Medtech Insights team at Decision Resources Group, specializing in interventional cardiology, aortic repair, and coronary artery bypass graft device markets. In addition to a postgraduate diploma in Hospital Administration with a Certificate in International Medical Tourism and an Associate's degree in Nutrition and Child Care, Megha holds a Bachelor's degree in Physiotherapy from Hemwati Nandan Bahuguna Garhwal University and an MBA in Healthcare IT from NIMS University.

Pankhil Gandhi is a research associate within the Cardiovascular Medtech Insights team at Decision Resources Group, specializing in transcatheter embolization and occlusion devices and deep venous disease treatment devices markets. Pankhil holds a Doctor of Pharmacy degree from the Babasaheb Ambedkar Marathwada University, Aurangabad.

Suraj Nair is a Research Associate within the Cardiovascular Medtech Insights team at Decision Resources Group, specializing in the Electrophysiology Mapping and Ablation Devices Market. Suraj holds a Master’s degree in Bioprocess Technology from the Institute of Chemical Technology, Mumbai and has a prior experience of working in the biopharmaceutical industry for two years and in the market research industry for medical devices for a ;


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