Cardiovascular Devices

The cardiovascular devices market in China has emerged as the largest market among the emerging countries, which also include India and Brazil. The market in China in 2009 was worth $975.7m and is expected to reach $1,587m in 2016. India is the second largest cardiovascular devices market among the emerging countries and was valued at $786.3m in 2009. It is expected to reach $1,496m in 2016.The cardiovascular devices market in Brazil in 2009 was worth $710.6m and is estimated to reach $1,249m in 2016. The cardiovascular devices market in these countries is expected to be driven by an increase in cardiovascular disease incidence, the availability of new technologies and products due to the increased focus of major multinational companies on these geographies and a rise in affordability levels.

Boston scientific is the market leader in the cardiovascular devices market in China and India, with Medtronic being the market leader in Brazil in 2009. Major multinational players are the dominant players in the cardiovascular devices markets in the emerging countries

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In China, Boston Scientific was the market leader with a share of 16% in 2009, followed by Terumo with a 13% market share, Cordis Corporation with an 11% market share and Medtronic with a 10% market share. The other major companies that have a significant presence in China are Abbott Laboratories with an 8% share, St. Jude Medical with 5% and Sorin with a 3% market share.

Boston Scientific remained the market leader in India with a 15% market share in 2009, followed closely by Medtronic with a 14% market share. Cordis Corporation (12%), Terumo (8%), Abbott Laboratories (8%) and St. Jude Medical (6%) were the other dominant players in the cardiovascular device market in
India.

Medtronic was the market leader in Brazil (share of 18%) in the cardiovascular devices market in 2009,and was followed closely by Boston Scientific with a 17% market share. St. Jude Medical and Cordis Corporation were the third major players with a share of 9% each. The other important players are Terumo (6%), Abbott Laboratories (5%) and Sorin (4%).

GlobalDatas medical equipment report, Cardiovascular Devices - Emerging Countries (China, India,Brazil) Opportunity Assessment, Competitive Landscape and Market Forecasts to 2016 provides key data, information and analysis on the cardiovascular devices market in China, Brazil and India. The report provides market landscape, competitive landscape and market trends information the cardiovascular devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape, key pipeline products and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalDatas team of industry experts.

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