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Global Cardiac Prosthetic Devices - Market Growth Analysis, 2009-2015 Product Image

Global Cardiac Prosthetic Devices - Market Growth Analysis, 2009-2015

  • Published: April 2013
  • Region: Global
  • 580 Pages
  • Axis Research Mind

The broad ‘health care' division has been witnessing a rapid growth and technological improvements varying from sector to sector since the past 3-5 years. The evolution of cardiac devices has opened new vistas in the health care industry. Growth rate exhibited by the cardiac devices industry, even during the recession years, confirms the positive growth prospects going ahead.

Global cardiac prosthetic devices market forecasts to reach at US$2.9 billion by 2015 at a CAGR of 9.5% during the analysis period 2009-2015. The North American segment accounts for approximately 40% of the global value while Europe claims approximately 30% of the market. Asia-Pacific is the fastest growing region with a CAGR of 10.5% driving a market value of US$0.5 billion by 2015. Among the product types, mechanical heart valves account more nearly half of the market value while tissue and transcatheter segments add up to the remaining half. On a global scale, CAGR projections for tissue heart valves market indicate a double digit value, indicative of an improved investment returns in the upcoming years.

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