Cardiovascular devices are used in treating diseases related to the heart and the circulatory system.
Market Research Reports : Transparency Market Research published new market report “Cardiovascular Monitoring & Diagnostic Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast,2011 – 2016”global cardiovascular monitoring & diagnostic devices market is estimated to be USD 797million in 2011 and expected to reach USD 1.3 billion in 2016 at a CAGR of 8.8% over the period 2010 to 2016. The ECG Monitoring Equipments segment is the leading market contributor with a share of around 51% in 2010.
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Cardiovascular Diseases (CVDs) are the largest cause of deaths globally, around 17.3 million people died from cardiovascular diseases in 2008. This amounts to 30% of all deaths. Of these deaths, an estimated 7.3 million were due to coronary heart disease and 6.2 million were due to stroke. Low- and middle-income countries are the largest affectedwith CVDs. An estimated 80% of CVD deaths take place in low- and middle-income countries. By 2030, almost 23.6 million people will die from CVDs, mainly from heart disease and stroke and are projected to be the single leading causes of death.
With the number of people suffering from cardiovascular diseases and the condition upswingsglobally, the demand for cardiovascular devices is growing.Around 30 million people are severely affected by cardiovascular diseases every year. A considerable market growth is provided in the stress testing systems and diagnostics all over the world by the emerging markets.The overall sales in 2009 was USD 34.9 billion as compared to the projected sale for 2010, estimated to be USD 36.2 billion at a compound annual growth rate of 3.6% in the global market for cardiovascular devices. There are two sub-segments accounting for the high demand—cardiac rhythm management and cardiovascular monitoring and diagnostic devices.