Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Cardiovascular Devices - Emerging CountriesThe Cardiovascular Devices Market in Emerging Countries (China, India, Brazil) is Forecast to Reach $2.8 Billion by 2017
By: Rajesh Gunnam The cardiovascular devices market in these countries is expected to be driven by an increase in Cardiovascular Disease (CVD) incidence, the availability of new technologies, increased focus from major multinational companies on these geographies and rise in levels of affordability. It has been projected that the incidence of CVD will increase by 73% in China by 2030. Various lifestylerelated diseases such as diabetes and obesity have put a large number of people at risk of developing CVD. Changing dietary habits and work related stress in urban living conditions have been key factors in bringing about lifestyle changes and lifestyle related diseases. There has been a rise in the size of the smoking population and in the prevalence of medical conditions such as diabetes, hypertension, hyperlipidemia and obesity in the emerging countries. According to the World Health Organization (WHO), the percentage of smokers above the age of 18 years in China is 59% in men and 4% in women. Likewise, 35% of men and 3% of women above the age of 18 in India are smokers, while in Brazil 29% of men and 18% of women smoke. The rise in the incidence of these factors is expected to drive the cardiovascular device market in China, India and Brazil. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ China is the largest cardiovascular devices market among the emerging countries with a contribution of 53% in 2010. In 2010, the cardiovascular devices market in China was valued at $1.1 billion and is expected to reach $1.4 billion by 2017. Brazil was the second largest cardiovascular devices market among the emerging countries valued at $510.8m in 2010 and is expected to reach $796.8m by 2017. The cardiovascular devices market in India was worth $493.8m in 2010 and is estimated to reach $626.5m by 2017. The Chinese cardiovascular devices market is characterized by the presence of major domestic players with strong financial capabilities for research and development (R&D). This helps in the development of cheap domestic products designed for local patient needs. In 2010, interventional cardiology devices accounted for 47% of the total revenue generated within the cardiovascular devices market in emerging countries. Increasing prevalence of coronary heart disease (CHD) coupled with the acceptance of minimally invasive procedures has led the growth of the interventional cardiology devices market. In 2010, cardiac rhythm management (CRM) devices and peripheral vascular devices together accounted for 25% of the revenue generated while ‘others’, such as cardiovascular surgery devices, cardiovascular monitoring and diagnostic devices, electrophysiology devices, prosthetic heart valves, external defibrillators, cardiac assist devices and cardiovascular prosthetic devices accounted for a 28% share. GlobalData’s new report, “Cardiovascular Devices - Emerging Countries (China, India, Brazil) Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the cardiovascular devices market in emerging countries. The report provides market landscape, competitive landscape and market trends information on the cardiovascular devices market in emerging countries. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market’s dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a global market intelligence services company providing information research and analysis products and services. End
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number