Market Estimate Report on the Market Size of Cardiac Occluder in China (Year 2023)

01 Product Description

1. Product classification

According to “2017 Medical Device Classification Catalogue” of China Food and Drug Administration, cardiac sealers belong to the 13th category of passive implant devices, and the management category is Ⅲ.

On the track, the heart sealer belongs to the field of medical consumables – high value consumables -C02 vascular interventional therapy materials.

2.Application field

According to statistics from the National Health Commission, the incidence of congenital heart disease in China is about 6 to 8‰, and the figure has increased significantly compared with the 1990s.

02. Development driver

1. Policy Factor

The 14th Five-Year Plan for the Development of Medical Equipment Industry is the first national plan for the development of the medical equipment industry, which covers the demand for prevention, diagnosis, treatment to health, care and nourishing all-round life-cycle medical health service equipment. As high-value consumables for cardiovascular intervention, cardiac occluder plays the most important role in the treatment of congenital heart disease, and is the key product in the 14th Five-Year Plan.

03.Market size

1. Calculation logic

Determining the scope of application: Through the analysis of the application range and indications of the occluder, the corresponding diseases and treatment methods were determined.

Determining the amount of surgery: The amount of operation for congenital heart disease was determined by open data, and the data of future operation was deduced based on population structure and population base.

Determining the price：The use proportion and price of various sealers were determined through the MDCLOUD database of Joinchain, and the price trend of future products was deduced through the price changes.

Measuring the market size: Based on the operation volume and product price, the market size of cardiac sealers was measured.

2. Data foundation

(1) Online purchase data

The data range is the network hanging and purchase price of various types of sealers from 2019 to 2021.

（2）Authoritative Voice

It mainly includes the reported surgical volume data of the National Cardiovascular Center and other authoritative institutions and the statistical data of the Health Commission.

3.Market size forecasting

By calculating the market size of cardiac occluder from 2018 to 2021, based on the number of patients with congenital heart disease and product price, and through exponential smoothing method, it is predicted that the market size of cardiac occluder in 2025 will reach 789 million yuan.

Figure1．Market size of cardiac occluder in China from 2018 to 2025E

Data Source：MDCLOUD

04.Market Pattern

It is estimated that in 2021, the market share of left atrial appendage occluders in China the highest, reaching 37%, and the market share of patent foramen ovale occluders was growed at the fastest rate, with a year-on-year growth of 10 percentage points, indicating a huge market space.

China is encouraging China end uses for more domestic products in latest years. Thus, more and more overseas manufacturers are planning localization in China. BradyKnows localization team has extensive experiences in facility establishment, audit, supplier evaluation, manufacturing, registration, and marketing in China. Pls feel free to let us know any questions on China entry via info@bradyknowsmedical.com

Source：Joinchain Digital Science，Joinchain Medical Device

Translated & edited：Bradyknows