April 27, 2011 08:08 ET

Cardiac Medical Devices Market to Grow 9.8% Annually Through 2015

ROCKVILLE, MD--(Marketwire - Apr 27, 2011) - has announced the addition of Axis Research Mind's new report "Global Cardiac Medical Devices - An Analytical Report, 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 for 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.

Global Cardiac Medical Devices market forecasts to reach US$65.6 billion by 2015 at a CAGR of 9.8% during the analysis period 2009-2015. The North American segment accounts for approximately 40% of the global value while Europe claims nearly 30% of the market. Asia-Pacific is the fastest growing region with a CAGR of 11.6% driving a market value of US$17.9 billion by 2015.

Among the segments, Cardiac Rhythm Management accounts for nearly 35% of the overall market; Interventional Cardiac Devices and Cardiac Monitoring and Diagnostic Devices stand at second and third positions respectively. On a global scale, CAGR projections for CM&D devices depict the largest value, indicative of improved investment returns in the upcoming years.

For more information, visit

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