2012-09-12 17:59:18 - Asia-Pacific cardiovascular devices market dominated by interventional cardiology
Cardiovascular disease is one of the leading causes of death in Asia. According to the World Health Organisation, more than 57% of the 16.5 million people who die annually from cardiovascular diseases are from Asia. Cardiovascular disease is prevalent in Japan, China, India and Southeast Asia.This disease will increase all over Asia as rising incomes continue to change the lifestyles of Asians who now consume more Western fast food, smoke more and exercise less.The cardiovascular medical device market in Asia is currently worth about $11.5 billion with 11% annual growth. Eventually, the Asian cardiovascular device market is expected to increase from the current global market share of 29% to 38% in 9 years time. The Asia-Pacific cardiovascular devices market is
dominated by the interventional cardiology sector, and followed by cardiac rhythm management.Cardiovascular devices market growth is driven by interventional cardiology and cardiovascular prosthetic devices market categories which grew above the average cardiovascular devices market growth during 2004-2011 and are expected to continue the same trend during 2011-2018.The majority of cardiovascular devices in Asia are imported from the US and Europe. Overall, foreign firms control more than 75% of the sophisticated medical device market in Asia. Examples of companies exporting these products are Boston Scientific, St. Jude and Medtronic.For more information on the Asia-Pacific cardiovascular devices market, see the latest research: Asia-Pacific Cardiovascular Devices Market ReportFollow us on Twitter @CandMResearch
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