2012-11-30 09:12:31 - Cardiovascular Devices: Technologies and Global Markets - a new market research report on companiesandmarkets.com
- Overall sales in the global market for cardiovascular devices were nearly $76.7 billion in 2008 which is projected to increase substantially to $84.6 billion in 2010. By 2015, it will increase to $97.3 billion, at 5 year compound annual growth rate (CAGR) of 2.8%.- The largest segment interventional cardiovascular devices market was nearly $60 billion in 2008; which will reach $66 billion in 2010. That is expected to rise to $74 billion in 2015, a CAGR of 2.4%.- Sales in diagnostic cardiovascular devices amounted to $13 billion in 2008. This is estimated to rise to $14.1 billion in 2010 and to $16 billion in 2015, a CAGR of 2.6%.
The American Heart Association estimates that more than 80 million people
worldwide have some form of cardiovascular disease. In terms of mortality, cardiovascular issues, illnesses and conditions outpace cancer deaths and automobile deaths. There tends to be a bit of an overstatement in such figures because technically, irrespective of the causative factors leading to mortal illness, most people eventually die due to cardiac arrest.However, the globally aging population and increased attention on preventative diagnostic scrutiny by many large insurance companies have caused cardiovascular devices to play a large part in increasing the longevity of the population of individuals with particular types of cardiovascular disease.Cardiovascular devices make up a growing market because of increased need due to more people suffering from cardiovascular diseases and conditions. Additionally, before the destabilization of the economy, many exciting technological advances were in progress for the treatment of cardiovascular diseases and conditions, and these devices remain exciting, although active research and development (R&D) may be suffering.INTENDED AUDIENCEIt is important for business people within the industry and considering investment or divestiture of investments to understand the current overall landscape of the industry for cardiovascular devices. This research report will identify many different companies offering innovative and more conventional equipment relating to cardiovascular devices, including current and forecasted revenues and targeted population disease and condition statistics as they are available.In the current economy, mention must be made that even companies listed within this report as being well-positioned, well-funded and with current and pending technology to serve the increasing need for the use of cardiovascular devices, any investor or potential consumer company should meticulously examine provider or vendor companies before making tangible business decisions. While for many companies, this economy marks enormous negative change, for other companies that were well ahead of their product life cycle, new and exciting products and technologies within this field continue to be introduced into the cardiovascular devices market.SCOPE OF REPORTThe scope of this study encompasses several different specific technology- and procedural-based areas relating directly to cardiovascular devices, focusing primarily on those industry stakeholders providing advanced technological solutions for human conditions but also including a smaller, less-granulated analysis of comparable products offered for diagnostic and screening purposes. We will lightly cover some of the pediatric cardiovascular devices, although, in truth, the pediatric market is differently "shaped" and disparately funded through many nonprofit organizations, making revenues not completely comparable.This report analyzed the industry on a worldwide basis, both from a market and product perspective and a technology perspective. Regulations in the U.S. and global markets were also examined to identify consumer safety, product introduction, and product safety regulatory issues for stakeholders and potential stakeholders in this industry. Many companies identify their product lines by making the distinction of whether products have been "FDA-cleared." We will explain the FDA screening process in order for readers to more fully understand the distinctions made between "FDA-cleared" devices and those developed in other countries that either have not sought or have not received FDA approval.Considerations have been taken for the changing economy and all statistical reporting and forecasting takes into account current trends and other available data indicating company, product and application stability or instability. Clearly, not every factor can be taken into account, particularly because companies with no indication of financial instability have gone seemingly instantly from near giants in their field to bankruptcy and dissolution. In reality, close scrutiny of financial reporting should reveal many such trends; however, there are increasing indications that either through inefficient or positively deceptive accounting and fiscal reporting or through mismanagement, a remarkably large number of these companies claim to have genuinely been unaware of their pending status change.Market segment financial numbers are based on real reported revenue and primary investigation, and interviews and conventional statistical estimation and forecasting algorithms and techniques are used to report financial trending.&
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