Cardiovascular Catheters and Systems Market to reach $3.4 billion by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by increasing number of interventional procedures due to continuous rise in the incidence of cardiovascular diseases, global market for Cardiovascular Catheters and Systems is projected to reach $3.4 billion by 2010.
San Jose, California (PRWEB) April 16, 2008
The worldwide cardiovascular catheters and systems market (http://www. strategyr. com/Cardiovascular_Catheters_and_Systems_Market_Report. asp) rides on a wave of technological advancements associated with catheters, which ensure improved maneuverability and insertion capabilities. Rapid advancements in technology have resulted in the production of sophisticated catheters that allow physicians to exercise greater control over their navigation capabilities. As a result, these devices are now capable of penetrating areas that were previously unreachable. Advancements in the field of robotics and imaging have also contributed to augmenting the effectiveness of minimally invasive catheterization procedures. Further, lack of significant pharmacological alternatives has fostered the demand for cardiovascular catheters around the world.
United States represents the largest market for cardiovascular catheters in the world, accounting for 40% of the revenues in 2008, as stated by Global Industry Analysts, Inc. Asia Pacific is forecast to be the fastest growing market, with a CAGR of 8% during the period 2005-2010. Cardiovascular disease is the leading cause of death in the United States, and is the focus of healthcare industry in the nation. Obesity, particularly amongst younger patients, is one the major factors contributing to the ever increasing incidence of cardiac diseases.
In Europe, therapeutic catheters (http://www. strategyr. com/Cardiovascular_Catheters_and_Systems_Market_Report. asp) represent the largest segment and are projected to reach $662 million by 2010. Within therapeutic catheters segment, EP ablation catheters market (http://www. strategyr. com/Cardiovascular_Catheters_and_Systems_Market_Report. asp) is projected to report the fastest growth at a compounded annual rate of 10.5% over the 2005-2010 period. Radiofrequency (RF) catheter ablation has gained popularity as an effective procedure for management of atrial fibrillation (AF). With enormous complications associated with drug therapy, RF catheter ablation is set to become a major therapy for treatment of AF. Within diagnostic catheters category, angiography catheters market (http://www. strategyr. com/Cardiovascular_Catheters_and_Systems_Market_Report. asp) represents the larger segment, with sales estimated at $318 million for the year 2008.
Global cardiovascular catheter market is highly concentrated with few players dominating the market. Boston Scientific, Abbott Laboratories, C. R. Bard, Medtronic, Cordis Corporation, St. Jude Medical, Terumo Medical Corporation, and Teleflex Medical are major players in the overall cardiovascular catheters market.
The report titled "Cardiovascular Catheters and Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc. analyzes the market over the 2000-2015 period. The market is analyzed across the following segments - Catheters (Angiography Catheters and EP Mapping Catheters) and Therapeutic Catheters (Rapid-Exchange PTCA Balloon Catheters, Over-The-Wire PTCA Balloon Catheters, EP Ablation Catheters, Atherectomy Catheters, Perfusion and Fixed Balloon, and Guide Catheters).
For more details of this research report please visit http://www. strategyr. com/Cardiovascular_Catheters_and_Systems_Market_Report. asp (http://www. strategyr. com/Cardiovascular_Catheters_and_Systems_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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