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Healthcare

Global Markets for Devices for Treating Congestive Heart Failure -- Focus on Asia

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REPORT HIGHLIGHTS

  • The global market for congestive heart failure devices was $3.1 billion in 2010. This global market reached nearly $3.4 billion in 2011 and is expected to grow to $5.9 billion by 2016, a compound annual growth rate (CAGR) of 11.7%.
  • The Asian market for congestive heart failure devices accounted for nearly 10% of the total market in 2010 and was valued at $309 million. This market is expected to reach $351.5 million in 2011. BCC anticipates that the market will approach $858.5 million by 2016, a CAGR of 19.6%.
  • Japan leads the Asian market holding $267.1 million worth of products to treat CHF in 2011.  Japan is a well-established market for numerous cardiovascular treatments. In Japan, the rate of congestive heart failure is usually lower than in Western countries.

SUMMARY FIGURE
TOTAL GLOBAL MARKET FOR CONGESTIVE HEART FAILURE DEVICES, 2010-2016
($ MILLIONS)
Source: BCC Research