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Cardiac Prosthetic Devices - Emerging Markets (Brazil, Russia, India, China, South Africa And South Korea), 2009-2015 Product Image

Cardiac Prosthetic Devices - Emerging Markets (Brazil, Russia, India, China, South Africa And South Korea), 2009-2015

  • Published: April 2013
  • Region: Africa, Brazil, China, India, Russia, South Africa
  • 546 Pages
  • Axis Research Mind

BRICSS Market Watch:

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.

BRICSS cardiac prosthetic devices market forecasts to reach at US$0.45 billion by 2015 at a CAGR of 10.4% during the analysis period 2009-2015. China accounts for nearly 25% of the global value and India claims less than 20% of the market. In terms of CAGR, China is the fastest growing region while South Korea and Brazil are just behind. 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. According to the CAGR growth forecasts, tissue heart valves and transcatheter segment indicate double digit values, indicative of an improved investment returns in the upcoming years.

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