A strong growth has been experienced by the global cardiovascular device market over the past five years and its market value is now expected to increase at a compound annual growth rate (CAGR) of 5.2%to be worth an estimated $104 billion by 2017.
Growth within the global cardiovascular device market is expected to be fuelled by the rising incidence in heart related diseases and the aging population.
However, the decline in the average selling price of cardiovascular devices could pose a challenge to the growth of this market.
Cardiovascular devices are used in treating diseases related to the heart and the circulatory system. They are used to detect and provide feedback of abnormal episodes of electrical functioning of the heart.
Asia accounts for nearly half of all new cancer cases around the globe and that can be seen by the fact that India and Chine are expected to be the driving countries behind the growth of the global cardiovascular devices market.
North America represents good growth for the cardiovascular device market through to 2017 and is expected to capture a major chunk of the market share.
For more information on the global cardiovascular devices market, see the latest research: Global Cardiovascular Devices Market
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