Lucintel Estimates Global Cardiovascular Device Market to Reach US $104 Billion in 2017

The Global Cardiovascular Device market experienced growth during the last five years and is expected to reach an estimated US $104 billion in 2017 with a CAGR of 5.2% over the next five years. A growing number of heart related diseases and the aging population are expected to drive the market for interventional cardiology devices, pacemakers, defibrillators, catheters, and other cardiovascular devices.

Lucintel, a leading global management consulting and market research firm, has analyzed the Global Cardiovascular Device market and presents its findings in “Global Cardiovascular Device Industry 2012-2017: Trend, Profit and Forecast Analysis.”

The Global Cardiovascular Device market consists of pace makers, valves, cardiovascular monitoring and diagnostic devices, catheters, interventional cardiology, and cardiovascular prosthetic devices. A combination of factors such as technological innovation, aging population and rising patient pool are seen to impact the market dynamics significantly.

The market faces challenges such as a decline in capital expenditure of hospitals, lack of trained and qualified manpower, socioeconomic diversity in population, variations in awareness and adoption rates, and healthcare infrastructure. Increased focus on the prevention, diagnosis, and treatment of cardiovascular disease, coupled with an increase in per capita income and GDP is likely to provide immense opportunities industry companies.

Lucintel’s market research report indicates that Asia accounts for nearly half of all new cancer cases in the world. A growing middle class population, increase in GDP, government support, and the increase in per capita income is expected to drive the demand for cardiovascular devices in Asia, especially China, India, and Southeast Asia. North America represents growth for the market during the forecast period and is expected to capture a large portion of the market share.

This study provides a concise overview of the Global Cardiovascular Device market. The report tracks four regions of Global Cardiovascular Device market. The scope of this study is limited to annual trends for past five years and forecasts for next five years. This study includes manufacturers and retailers of cardiovascular devices. This report addresses only the Cardiovascular Devices segment of the Global Medical Device Industry.


For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@Lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.

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This release was published on openPR.