Cardiovascular Surgical Devices: The Global Market

June 24, 2011

Wellesley, Mass. – In a recent release, CARDIOVASCULAR SURGICAL DEVICES: THE GLOBAL MARKET (HLC076A) from BCC Research (www.bccresearch.com), the global market value of cardiovascular surgical devices was nearly $31.4 billion in 2010. That value is projected to be $47.7 billion in 2015 after increasing at a five-year compound annual growth rate (CAGR) of 8.7%.

The cardiovascular surgical devices market can be broken down into three segments –interventional cardiac surgery, cardiac rhythm management, and traditional cardiac surgery.

The interventional cardiac surgery segment was valued at $13 billion in 2010, and in 2015 should be worth $17.4 billion, yielding a CAGR of 6.1%.

The cardiac rhythm management segment, worth $11.1 billion in 2010, should rise in 2015 to $18.1 billion at a CAGR of 10.2%.

Traditional cardiac surgery, the smallest segment, was worth $7.2 billion in 2010, and in 2015 is expected to be worth $12.1 billion, a CAGR of 10.9%.

Due to macroeconomic factors such as aging populations, increased obesity, and poor nutrition, cardiac surgery is on the rise globally. All countries are feeling the shift toward chronic diseases such as obesity, diabetes, or heart disease. The latter has become the number one killer of individuals throughout the world.

Despite growth in interventional cardiac surgery procedures, the traditional cardiac surgical device market is expected to expand faster, driven primarily by growth of cardioprosthetics like ventricular-assist devices.

This report is designed to appeal to many different readers, including venture capitalists interested in exploring commercialization opportunities, marketing and management individuals within the cardiovascular industry, and even the novice reader who desires to understand how market pressures interact with technology in this industry.

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Cardiovascular Surgical Devices: The Global Market( HLC076A )
Publish Date: Oct 2010    

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