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

Minimally Invasive Surgeries

The global market for minimally invasive devices and instruments has been growing at a high rate 7.9% between 2011 and 2016, when it is expected to reach US$21.1 billion worldwide.

Minimally invasive surgeries (MIS) have been performed in the United States and in Europe for more than 10 years. Since then, techniques and instruments have improved and nowadays many organs can be operated through minimally invasive surgery. 

MIS is performed without the need for a large incision in the patient. It is performed through natural orifices or by small incisions through which tubes, catheters or laparoscopes are inserted, and by imaging techniques such as video-endoscopy or fluoroscopy, allowing the surgeon to access the sick region. 

This classification also includes prostheses and devices that can be implanted by minimally invasive techniques.

Some of the advantages of MIS are:

• Accelerated and less traumatic recovery for patients;
• Faster procedures for physicians;
• Lower costs for hospitals;
• Lower costs for health insurance companies;
• High value added products for the industries;
• Increased number of people served in the society.