A report forecasts that the global cardiac medical devices market will grow to $65.6 billion by 2015. Between 2009 and 2015, the market for these devices will have grown at the compound annual growth rate of 9.8%.
Not surprisingly, the report by ResearchandMarkets found that North America accounts for the lion's share of the cardiac devices market at 40% while the Europe claims almost 30%. Compared with a CAGR of 9.8% globally, Asia-Pacific's growth rate of 11.6% makes it the fastest-growing region for cardiac medical devices. In the Asia-Pacific region, that market is expected to be worth $17.9 billion by 2017.
Cardiac rhythm management devices make up the largest share globally of the overall cardiac devices market, accounting for nearly 5%.
Here is a breakdown of the 2017 market values and CAGR of each segment that makes up the cardiac medical devices market:
|To learn more about cardiac medical devices, many of which are implantables, register for UBM Canon's MEDevice San Diego Conference & Showcase, Sept. 26-27|