What’s new with GlobalData's Cardiovascular Devices Industry Reports19 Sep 2011 • by Natalie Aster
What’s new with GlobalData's Cardiovascular Devices Industry Reports
Market Publishers Ltd informs that new GlobalData's Cardiovascular Devices Industry Reports have been added to its catalogue:
The global aortic stent grafts market is forecast to increase from $1.4 billion in 2010 to $2 billion by 2017 at a Compound Annual Growth Rate (CAGR) of 5%. The aortic stent grafts market is categorized into two segments, of which the abdominal stent grafts market is the largest in terms of market size, accounting for 70% of the total revenue generated in 2010. Thoracic aortic stent grafts, which accounted for 30% of the market, recorded the fastest growth during 2003–2010, at a CAGR of 23%. The increasing incidence of aortic aneurysm, coupled with increasing awareness of screening in the general population and technological advancements are expected to drive the growth in the global aortic stent grafts market.
The global prosthetic heart valves market was valued at $1.5 billion in 2010 and is expected to grow at a compound annual growth rate (CAGR) of 8.2%, to reach a market value of $2.6 billion in 2017. This growth will be contributed by the growth of the global tissue heart valves market at a CAGR of 7.2% and the transcatheter heart valves market at a CAGR of 20% for the period 2010–2017. The mechanical heart valves market is expected to decline at a CAGR of –1% over the same seven year period. The aging population and increasing patient population are expected to drive demand for prosthetic heart valve-based treatment in the future.
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