Global Cardiovascular Medical Devices Market by 2015

A report made by Research and Markets suggests that the global cardiovascular medical devices market will worth $65.6 billion by 2015. The report covers the years between 2009 and 2015 and it expects that the market of these devices will have grown at the compound annual growth rate of 9,8%.

When talking about regional markets, it indicates that North America will have the biggest share of the market at 40%, followed by Europe with a share at 30%. Asia-Pacific will be fastest growing region with a growth rate of 11,6% (comparing to the global growth rate of 9,8%), the market is expected to worth $17.9 billion by 2017.

Finally, Research and Markets divides the cardiovascular medical devices market in segments and for each one, the company indicates the CAGR (compound annual growth rate) and market values. For example, it expects that the Cardiac Rythm Management Devices will worth $22.3 billion at a rate of 9.9% by 2017, followed by Interventional Cardiac Devices that will worth $12.3 billion at a rate of 11.6%.

References: http://www.mddionline.com/article/global-cardiac-medical-devices-market-be-worth-656b-2015