Although the COVID-19 pandemic will have a negative impact on procedure volumes and market growth in 2020, 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 2029. 

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 Asia Pacific IC device market will be impacted by the COVID-19 pandemic in the early years of the forecast.

What guidance or recommendations have been issued for IC procedures in the face of infection containment and self isolation measures?

How will the pandemic impact clinical trials and product launches?

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

  • Interventional Cardiology Devices - Market Insights - Asia Pacific
    • Abstract
    • Executive Summary
      • COVID-19 Updates
        • Market Highlights
          • Factors Impacting the IC Device Market, by Product Type, Asia Pacific
          • IC Device Market, by Product Type, Asia Pacific (USD), 2019–2029
          • IC Device Market, by Country, Asia Pacific (USD), 2019–2029
          • IC Device Market Landscape, Asia Pacific (USD), 2019 and 2029
        • Competitive Highlights
          • Competitive Factors and Strategies, by Product Type, Asia Pacific
          • IC Device Revenue Market Share Rankings, by Country, Asia Pacific, 2019
          • Companies Mentioned
        • Market Developments
          • Recent Events in the IC Device Market, Asia Pacific
          • Key Clinical Trials in the IC Device Market, Asia Pacific
          • Emerging Products for the IC Device Market, Asia Pacific
        • End-User Insights
          • Geographies Covered
            • Geographies Covered, Asia Pacific
            • Average Currency Exchange Rates
          • Procedures Covered
            • IC Procedures Covered, Asia Pacific
          • Products Covered
            • IC Products Covered, Asia Pacific
        • Key Report Updates
          • COVID-19 Analysis
            • Market Impact
              • COVID-19 Impact Assessment Summary, IC Device Market, Asia Pacific
            • Guidance and Recommendations
              • Guidance and Recommendations for Interventional Cardiology Procedures
            • Major Market Forecast Changes and Assumptions
              • IC Device Market, by Product Type, Asia Pacific (USD), 2019–2029 (Excluding COVID-19 Impact)
              • IC Device Market, by Product Type, Asia Pacific (USD), 2019–2029 (Including COVID-19 Impact)
            • Competitive Impact
              • COVID-19 Competitive Factors and Strategies, IC Device Market, Asia Pacific
              • COVID-19 Impact by Competitor, IC Device Market, Asia Pacific
          • Interventional Cardiology Device Market
            • Market Highlights
              • Factors Impacting the IC Device Market, by Product Type, Asia Pacific
              • IC Device Market, by Product Type, Asia Pacific (USD), 2019–2029
              • IC Device Market, by Country, Asia Pacific (USD), 2019–2029
            • Market Definitions
              • Market Forecast Data
                • IC Procedures, by Procedure Type, Asia Pacific, 2019–2029
                • IC Procedures, by Approach, Asia Pacific, 2019–2029
                • IC Procedures, by Country, Asia Pacific, 2019–2029
                • Diagnostic Angiographies, by Procedure Type, Asia Pacific, 2019–2029
                • Diagnostic Angiographies, by Country, Asia Pacific, 2019–2029
                • PCIs, by Procedure Type, Asia Pacific, 2019–2029
                • PCIs, by Technique, Asia Pacific, 2019–2029
                • PCIs, by Country, Asia Pacific, 2019–2029
                • Thrombectomy and Thrombolysis Procedures, by Procedure Type, Asia Pacific, 2019–2029
                • Thrombectomy and Thrombolysis Procedures, by Country, Asia Pacific, 2019–2029
                • Percutaneous Thrombectomy Procedures, by Procedure Type, Asia Pacific, 2019–2029
                • Percutaneous Thrombectomy Procedures, by Country, Asia Pacific, 2019–2029
                • CDT Procedures, by Country, Asia Pacific, 2019–2029
                • IC Device Market, by Product Type, Asia Pacific (USD), 2019–2029
                • IC Device Market, by Country, Asia Pacific (USD), 2019–2029
                • IC Device Market, by Product Type, Australia (USD), 2019–2029
                • IC Device Market, by Product Type, China (USD), 2019–2029
                • IC Device Market, by Product Type, India (USD), 2019–2029
                • IC Device Market, by Product Type, South Korea (USD), 2019–2029
              • Competitive Highlights
                • Market Shares
                  • IC Device Revenue Market Shares, Asia Pacific, 2019
                  • IC Device Revenue Market Shares, by Product Type, Asia Pacific, 2019
                  • IC Device Revenue Market Shares, by Country, Asia Pacific, 2019
                • Competitive Factors and Strategies
                  • Competitive Factors and Strategies, by Product Type, Asia Pacific
                • Market Developments
                  • Recent Events in the IC Device Market, Asia Pacific
                  • Key Clinical Trials in the IC Device Market, Asia Pacific
                  • Emerging Products for the IC Device Market, Asia Pacific
              • Coronary Stent Market
                • Market Highlights
                  • Coronary Stent Market, by Product Type, Asia Pacific (USD), 2019–2029
                  • Coronary Stent Market, by Country, Asia Pacific (USD), 2019–2029
                • Market Definitions
                  • Market Forecast Data
                    • Coronary Stent Procedures, by Technique, Asia Pacific, 2019–2029
                    • Coronary Stent Procedures, by Product Type, Asia Pacific, 2019–2029
                    • Coronary Stent Procedures, by Country, Asia Pacific, 2019–2029
                    • PTCA-with-Stent Procedures, by Country, Asia Pacific, 2019–2029
                    • Direct Stenting Procedures, by Country, Asia Pacific, 2019–2029
                    • DES Procedures, by Country, Asia Pacific, 2019–2029
                    • BMS Procedures, by Country, Asia Pacific, 2019–2029
                    • BRS Procedures, by Country, Asia Pacific, 2019–2029
                    • Coronary Stent Market, by Product Type, Asia Pacific (USD), 2019–2029
                    • Coronary Stent Market Growth, by Product Type, Asia Pacific, 2020–2029
                    • Coronary Stent Market, by Country, Asia Pacific (USD), 2019–2029
                    • Coronary Stent Market Growth, by Country, Asia Pacific, 2020–2029
                    • DES Market, by Country, Asia Pacific (USD), 2019–2029
                    • DES Market Growth, by Country, Asia Pacific, 2020–2029
                    • BMS Market, by Country, Asia Pacific (USD), 2019–2029
                    • BMS Market Growth, by Country, Asia Pacific, 2020–2029
                    • BRS Market, by Country, Asia Pacific (USD), 2019–2029
                    • BRS Market Growth, by Country, Asia Pacific, 2020–2029
                  • Competitive Highlights
                    • Market Shares
                      • Coronary Stent Revenue Market Shares, Asia Pacific, 2019
                      • Coronary Stent Revenue Market Shares, by Product Type, Asia Pacific, 2019
                      • Coronary Stent Revenue Market Shares, by Country, Asia Pacific, 2019
                      • DES Revenue Market Shares, by Country, Asia Pacific, 2019
                      • BMS Revenue Market Shares, by Country, Asia Pacific, 2019
                      • BRS Revenue Market Shares, by Country, Asia Pacific, 2019
                    • Competitive Factors and Strategies
                      • Competitive Factors and Strategies, by Product Type, Asia Pacific
                  • PTCA Balloon Catheter Market
                    • Market Highlights
                      • PTCA Balloon Catheter Market, by Product Type, Asia Pacific (USD), 2019–2029
                      • PTCA Balloon Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                    • Market Definitions
                      • Market Forecast Data
                        • PTCA Balloon Catheter Procedures, by Technique, Asia Pacific, 2019–2029
                        • PTCA Balloon Catheter Procedures, by Product Type, Asia Pacific, 2019–2029
                        • PTCA Balloon Catheter Procedures, by Country, Asia Pacific, 2019–2029
                        • PTCA-with-Stent Procedures, by Country, Asia Pacific, 2019–2029
                        • POBAs, by Country, Asia Pacific, 2019–2029
                        • Direct Stenting with Postdilation Procedures, by Country, Asia Pacific, 2019–2029
                        • PTCA Balloon Catheter Market, by Product Type, Asia Pacific (USD), 2019–2029
                        • PTCA Balloon Catheter Market Growth, by Product Type, Asia Pacific, 2020–2029
                        • PTCA Balloon Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                        • PTCA Balloon Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                        • Normal PTCA Balloon Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                        • Normal PTCA Balloon Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                        • Specialty PTCA Balloon Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                        • Specialty PTCA Balloon Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                        • Drug-Coated PTCA Balloon Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                        • Drug-Coated PTCA Balloon Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                      • Competitive Highlights
                        • Market Shares
                          • PTCA Balloon Catheter Revenue Market Shares, Asia Pacific, 2019
                          • PTCA Balloon Catheter Revenue Market Shares, by Product Type, Asia Pacific, 2019
                          • PTCA Balloon Catheter Revenue Market Shares, by Country, Asia Pacific, 2019
                          • Normal PTCA Balloon Catheter Revenue Market Shares, by Country, Asia Pacific, 2019
                          • Specialty PTCA Balloon Catheter Revenue Market Shares, by Country, Asia Pacific, 2019
                          • Drug-Coated PTCA Balloon Catheter Revenue Market Shares, by Country, Asia Pacific, 2019
                        • Competitive Factors and Strategies
                          • Competitive Factors and Strategies, by Product Type, Asia Pacific
                      • Accessory Device Market
                        • Market Highlights
                          • Accessory Device Market, by Product Type, Asia Pacific (USD), 2019–2029
                          • Accessory Device Market, by Country, Asia Pacific (USD), 2019–2029
                        • Market Definitions
                          • Market Forecast Data
                            • IC Procedures, by Procedure Type, Asia Pacific, 2019–2029
                            • IC Procedures, by Country, Asia Pacific, 2019–2029
                            • Accessory Device Market, by Product Type, Asia Pacific (USD), 2019–2029
                            • Accessory Device Market, by Country, Asia Pacific (USD), 2019–2029
                            • PTCA Guidewire Market, by Country, Asia Pacific (USD), 2019–2029
                            • PTCA Guidewire Market Growth, by Country, Asia Pacific, 2020–2029
                            • Diagnostic Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                            • Diagnostic Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                            • PTCA Guiding Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                            • PTCA Guiding Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                            • Introducer Sheath Market, by Country, Asia Pacific (USD), 2019–2029
                            • Introducer Sheath Market Growth, by Country, Asia Pacific, 2020–2029
                          • Competitive Highlights
                            • Market Shares
                              • Accessory Device Revenue Market Shares, Asia Pacific, 2019
                              • Accessory Device Revenue Market Shares, by Product Type, Asia Pacific, 2019
                              • Accessory Device Revenue Market Shares, by Country, Asia Pacific, 2019
                              • PTCA Guidewire Revenue Market Shares, by Country, Asia Pacific, 2019
                              • PTCA Guiding Catheter Revenue Market Shares, by Country, Asia Pacific, 2019
                            • Competitive Factors and Strategies
                              • Competitive Factors and Strategies, by Product Type, Asia Pacific
                          • Intravascular Imaging Catheter and Pressure Guidewire Market
                            • Market Highlights
                              • Intravascular Imaging Catheter and Pressure Guidewire Market, by Product Type, Asia Pacific (USD), 2019–2029
                              • Intravascular Imaging Catheter and Pressure Guidewire Market, by Country, Asia Pacific (USD), 2019–2029
                            • Market Definitions
                              • Market Forecast Data
                                • Intravascular Imaging Catheter and Pressure Guidewire Procedures, by Product Type, Asia Pacific, 2019–2029
                                • Intravascular Imaging Catheter and Pressure Guidewire Procedures, by Country, Asia Pacific, 2019–2029
                                • IVUS Catheter Procedures, by Country, Asia Pacific, 2019–2029
                                • FFR Guidewire Procedures, by Country, Asia Pacific, 2019–2029
                                • Intravascular Imaging Catheter and Pressure Guidewire Market, by Product Type, Asia Pacific (USD), 2019–2029
                                • Intravascular Imaging Catheter and Pressure Guidewire Market Growth, by Product Type, Asia Pacific, 2020–2029
                                • Intravascular Imaging Catheter and Pressure Guidewire Market, by Country, Asia Pacific (USD), 2019–2029
                                • Intravascular Imaging Catheter and Pressure Guidewire Market Growth, by Country, Asia Pacific, 2020–2029
                                • IVUS Catheter Market, by Country, Asia Pacific (USD), 2019–2029
                                • IVUS Catheter Market Growth, by Country, Asia Pacific, 2020–2029
                                • FFR Guidewire Market, by Country, Asia Pacific (USD), 2019–2029
                                • FFR Guidewire Market Growth, by Country, Asia Pacific, 2020–2029
                              • Competitive Highlights
                                • Market Shares
                                  • Intravascular Imaging Catheter and Pressure Guidewire Revenue Market Shares, Asia Pacific, 2019
                                  • Intravascular Imaging Catheter and Pressure Guidewire Revenue Market Shares, by Product Type, Asia Pacific, 2019
                                  • Intravascular Imaging Catheter and Pressure Guidewire Revenue Market Shares, by Country, Asia Pacific, 2019
                                  • IVUS Catheter Revenue Market Shares, by Country, Asia Pacific, 2019
                                  • FFR Guidewire Revenue Market Shares, by Country, Asia Pacific, 2019
                                • Competitive Factors and Strategies
                                  • Competitive Factors and Strategies, Asia Pacific
                              • Thrombectomy and Thrombolysis Device Market
                                • Market Highlights
                                  • Thrombectomy and Thrombolysis Device Market, by Product Type, Asia Pacific (USD), 2019-2029
                                  • Thrombectomy and Thrombolysis Device Market, by Country, Asia Pacific (USD), 2019–2029
                                • Market Definitions
                                  • Market Forecast Data
                                    • Thrombectomy and Thrombolysis Procedures, by Procedure Type, Asia Pacific, 2019–2029
                                    • Percutaneous Thrombectomy Procedures, by Procedure Type, Asia Pacific, 2019–2029
                                    • Percutaneous Thrombectomy Procedures, by Country, Asia Pacific, 2019–2029
                                    • CDT Procedures, by Country, Asia Pacific, 2019–2029
                                    • Thrombectomy and Thrombolysis Device Market, by Product Type, Asia Pacific (USD), 2019–2029
                                    • Thrombectomy and Thrombolysis Device Market Growth, by Product Type, Asia Pacific, 2020–2029
                                    • Thrombectomy and Thrombolysis Device Market, by Country, Asia Pacific (USD), 2019–2029
                                    • Percutaneous Thrombectomy Device Market, by Product Type, Asia Pacific (USD), 2019–2029
                                    • Percutaneous Thrombectomy Device Market Growth, by Product Type, Asia Pacific, 2020–2029
                                    • Percutaneous Thrombectomy Device Market, by Country, Asia Pacific (USD), 2019–2029
                                    • Aspiration Thrombectomy Device Market, by Country, Asia Pacific (USD), 2019–2029
                                    • Aspiration Thrombectomy Device Market Growth, by Country, Asia Pacific, 2020–2029
                                    • Powered Thrombectomy Device Market, by Country, Asia Pacific (USD), 2019–2029
                                    • Powered Thrombectomy Device Market Growth, by Country, Asia Pacific, 2020–2029
                                    • CDT Device Market, by Country, Asia Pacific (USD), 2019–2029
                                    • CDT Device Market Growth, by Country, Asia Pacific, 2020–2029
                                  • Competitive Highlights
                                    • Market Shares
                                      • Thrombectomy and Thrombolysis Device Revenue Market Shares, Asia Pacific, 2019
                                      • Thrombectomy and Thrombolysis Device Revenue Market Shares, by Country, Asia Pacific, 2019
                                      • Thrombectomy and Thrombolysis Device Revenue Market Shares, by Product Type, Asia Pacific, 2019
                                      • Percutaneous Thrombectomy Device Revenue Market Shares, by Country, Asia Pacific, 2019
                                      • CDT Device Revenue Market Shares, by Country, Asia Pacific, 2019
                                    • Competitive Factors and Strategies
                                      • Competitive Factors and Strategies, by Product Type, Asia Pacific
                                  • Appendix
                                    • Abbreviations
                                      • Bibliography

                                    Author(s): Sangeetha Iyer, Pharm.D

                                    Sangeetha Iyer is a senior analyst within the Cardiovascular Medtech Insights team at Decision Resource Group, specializing in structural heart closure and vascular access device markets across the Asia Pacific region, as well as medical device pricing and regulations in China and Japan. Sangeetha has represented India at the European Society of Cardiology conference 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