April 26, 2011 09:08 ET

BRIC, South Africa & South Korea Cardiac Medical Devices Market to Reach $11.9 Billion by 2015

ROCKVILLE, MD--(Marketwire - Apr 26, 2011) - has announced the addition of Axis Research Mind's new report "Cardiac Medical Devices - Emerging Markets (Brazil, Russia, India, China, South Africa And South Korea), 2009-2015," to their collection of Medical Devices market reports. For more information, visit

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 Cardiac Medical Devices market forecasts to reach at US$11.9 billion by 2015 at a CAGR of 10.9% during the analysis period 2009-2015. China accounts for nearly 27% of the global value and India claims approximately 23% of the market.

In terms of CAGR, China and India are the fastest growing regions (12.3% each) while South Korea is just behind. Among the segments, Cardiac Rhythm Management accounts for nearly 30% of the overall market; Interventional Cardiac Devices and Cardiac Monitoring and Diagnostic Devices stand at second and third positions respectively. The CAGR projections for CM&D depict the largest value, indicative of an improved investment returns in the upcoming years. The following table describes the respective market value (2015) and CAGR (2009-2015) as per Axis Research Mind forecasts.

The report covers:

  • Implantable Cardioverter-Defibrillator (ICD)
  • External Defibrillating Devices (EDD) 'Or' Automated External Defibrillator (Aed)
  • Implantable Pacemakers
  • Single-Chamber Pacemakers
  • I Dual-Chamber Pacemakers
  • External Pacemakers
  • Cardiac Resynchronization Pacemakers (CRT-P)
  • Cardiac Resynchronization Therapy Defibrillator (Crt-D)
  • Cardiac Ablation
  • Drug Eluting Stents (DES)
  • Bare Metal Stents (BMS)
  • Absorbable Stents
  • Angiography Catheters
  • Resting ECG
  • Stress ECG Or Exercise ECG
  • Retrievable Filters
  • Permanent Ivc Filters
  • Balloon Occlusion Devices
  • Catheter Occlusion Devices
  • Filter Devices
  • Key Brands Of Cardiac Assist Devices
  • A Review On Cardiac Diseases

For more information, visit

Contact Information

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    Veronica Franco
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