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Healthcare

Global Markets for Devices for Treating Congestive Heart Failure

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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 American market for congestive heart failure devices accounted for nearly 52.5% in 2010 and was valued at $1.6 billion. This market is expected to reach $1.8 billion in 2011. BCC anticipates that the market will approach $3.2 billion by 2016, a CAGR of 12.4%.
  • The European market was $936 million in 2010, which is expected to increase to $1 billion by the end of 2011. This market is forecasted to grow at a CAGR of 7.5% over the next five year and will reach nearly $1.5 billion by 2016.

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