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Global Cardiac Medical Devices Market To be Worth $65.6B by 2015

Between 2009 and 2015, the market for cardiac medical devices will have grown at the compound annual growth rate of 9.8% to reach $65.6 billion .

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:

  • Cardiac Rhythm Management Devices (CRM) $22.3 billion at the rate of 9.9%
  • Interventional Cardiac Devices (ICD) 15.7 billion at the rate of10.6%
  • Cardiac Monitoring and Diagnostic Devices (CM&D) 12.3 billion at the rate of 11.6%
  • Peripheral Vascular Devices (PVD) 5.5 billion at the rate of 10.3%
  • Electrophysiology (EP) Devices 4.4 billion at the rate of 10.3%
  • Cardiac Prosthetic Devices (CPD) 2.9 billion at the rate of 10.1

-- By Arundhati Parmar, Senior Editor, MD+DI
[email protected]

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



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