The broad 'health care' division has been witnessing a rapid growth and technological improvements varying from sector to sector since the past 3-5 years. The evolution of cardiac devices has opened new vistas in the health care industry. Growth rate exhibited by the cardiac devices industry, even during the recession years, confirms the positive growth prospects going ahead.
BRICSS interventional cardiology devices market forecasts to reach at US$3.2 billion by 2015 at a CAGR of 11.3% during the analysis period 2009-2015. China accounts for nearly 30% of the global value and India claims around 25% of the market. In terms of CAGR, India and China are the fastest growing regions while South Korea and Russia are just behind. Forecasts for drug eluting stent types indicate a close 65% while bare metal type accounts for nearly 25%. Predictions for BRICSS guiding catheters market value indicate 55% by 2015 leaving the rest of the market to the angiography catheters, inflation and accessories. Intravascular Ultrasound Catheters (IVUS) growing at a CAGR of 11.6% by 2015.
The report 'Interventional Cardiology Devices – Emerging Markets (Brazil, Russia, India, China, South Africa and South Korea), 2009-2015' reviews the latest trends in the interventional devices market with a perceptive attempt to disclose the near-future growth prospects. An in-depth analysis on a geographic basis provides strategic business intelligence for healthcare sector investments. The study reveals profitable investment strategies for pharmaceutical manufacturers, biotechnology companies, laboratories, Contract Research Organizations (CROs), government organizations and many more in preferred locations. The report primarily focuses on: Emerging Market Trends Advancements in the Technological Space Market Demand Of The Segments (By-Region) Key Growth Areas and Market Size Region-Wise Demand Factor Key Competitors Edge Investment Strategies The report covers the market analysis by product types. The subdivisions are as:
Interventional Cardiac Devices 1. Coronary Stents a. Drug Eluting Stents (DES) b. Bare Metal Stents (BMS) c. Absorbable Stents 2. PTCA Balloons a. FW Balloons b. Cable Wire Balloons c. Rx Balloons 3. Cardiac Catheters – (*excludes therapeutic Catheters or "PTCA Balloons") a. Guiding Catheters b. Angiography Catheters c. Inflation Devices & Accessories 4. Intravascular Ultrasound Catheters (IVUS) 5. Coronary Guidewires 6. Arteriotomy Closure Devices 7. Introducer Sheaths and Others
The period considered for the market analysis is 2009-2015. The region wise distribution of the market consists of Emerging Markets Brazil, Russia, India, China, South Africa and South Korea. Incorporating the recession impacts on the industry, the market growth rate in these economies are estimated individually for the upcoming years.
More than 700 leading market players are identified and 95 key companies in cardiac medical devices industry that project improved market activities in the near future are profiled. The report consists of 108 data charts describing the market shares, sales forecasts and growth prospects. Moreover, key strategic activities in the market including mergers/acquisitions, collaborations/partnerships, product launches/developments are discussed.
Estimates are based on online surveys using customized questionnaires by our research team. Besides information from government databases, company websites, press releases & published research reports are also used for estimates. Estimates have incorporated recessionary impact on the cardiac devices industry.
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