SOURCE: MarketResearch.com

MarketResearch.com

April 26, 2011 11:16 ET

Interventional Cardiac Device Industry to Reach $15.7 Billion by 2015

ROCKVILLE, MD--(Marketwire - Apr 26, 2011) - MarketResearch.com has announced the addition of Axis Research Mind's new report "Global Interventional Cardiology Devices - Market Growth Analysis, 2009-2015" to their collection of Medical Devices market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6274207.

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.

Global interventional cardiac devices industry forecasts to reach at US$15.7 billion by 2015 at a high CAGR of 9.9% during the analysis period 2009-2015. The North American segment accounts for nearly 35% of the global value while Europe claims nearly 25% of the market. Asia-Pacific is the fastest growing region with a CAGR of 11.9% driving a market value of US$5 billion by 2015.

On a global scale, projections for drug eluting stents market value indicate nearly 65% by 2015 leaving the rest of the market to the base metal and absorbable varieties. Forecasts for guiding catheters market value suggest 55% by 2015 while angiography catheters, inflation and accessories together will account for the rest. PTCA Balloons accounts nearly 20% of the global market and Intravascular Ultrasound Catheters (IVUS) growing with a CAGR of nearly 10% by 2015.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6274207

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