Press release
Global Congestive Heart Failure Treatment Devices Market Industry Size, Share, Trends, Analysis And Forecasts 2012 - 2018
The global market for congestive heart failure treatment devices is expected to reach $5.9 billion by the year 2016 at the compounded annual growth rate of 11.7% during the forecasted period.
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This growth is mainly attributed by the rising incidences of heart failures across the world. American market for congestive heart failure treatment devices accounted for $1.6 billion in 2010 and is expected to reach $3.2 billion by the year 2016 at the CAGR of 12.4% during the forecasted period. European market is forecasted to reach $1.5 billion at the CAGR of 7.5% by 2016.
Congestive heart failure (CHF) is the inability of heart to maintain proper cardiac output to meet the metabolic demands of tissues and body organs. Growth of congestive heart failure treatment devices is mainly driven by the products that treat congestive heart failure for many reasons such as growth in aging population, increasing incidences of congestive heart failures, availability of products to treat CHF, greater understanding of CHF, and changing demographics & lifestyles.
US and European markets posses’ maximum potential for congestive heart failure treatment products due to the increasing incidences of heart failures in these regions. Emerging markets like Asia Pacific and Latin America are set to witness significant growth in this industry due to changing demographics, healthcare reforms, increasing income levels, and increase in treatment of congestive heart failures.
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Market Segmentation
Ventricular Assist Devices
Implantable Cardioverter Defibrillators (ICDs)
Counterpulsation Devices
This research report analyzes this market depending on its market segments and major geographies. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of current market trends, market growth drivers, factors limiting market growth, market structure, and market projections for upcoming years. Report also provides analysis of recent developments in technology, Porter’s five force model, and complete company profiles of top industry players. It includes review of micro and macro factors significant with respect to existing market players and new entrants.
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Major Players
Some of the key players dominating this market are Berlin Heart Inc., Biotronik, Boston Scientific, Jarvik Heart, Medtronic Inc., MicroMed Cardiovascular Inc., St. Jude Medical Inc., Teleflex Inc., Thoratec, World Heart Corporation, AbioMed, and others.
Reasons for Buying this Report
This research report provides forward looking perspective on major market forces driving and restraining market growth
Report provides complete analysis of major competitors and their strategies
Report provides technological growth map over time and explains its impact on industry
It provides distinctive graphics and exemplified SWOT analysis of major industry segments
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry trends
It provides clear understanding of key product segments and competitive environment
Report provides pin-point analysis of changing competition dynamics and keeps you ahead of competitors
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