Global Cardiac Defibrillators Market to Reach US $10 billion by 2016
Global Market Watch:
Global Cardiac Defibrillators market value is expected to reach US$10 billion by 2016. The North American segment accounts for nearly 40% (2015) of the global market share while Europe claims approximately 30% (2018). Asia-Pacific is the fastest growing region with a CAGR of 11% driving a market value of US$2.2 billion by 2016.
On a global scale, projections for Implantable Cardioverter Defibrillators (ICD) market share indicate more than half of Cardiac Defibrillators by 2015. Cardiac Defibrillators adopt monophasic technology forecasts to grow at a faster CAGR of 9.7%, in comparison with biphasic technology devices.
Healthcare Industry division has been witnessing a drastic change regarding the new innovation and technology which in terms are applied in improving from sector to sector since the past 3-5 years. Cardiovascular industry growth continues to increase with the presence of multiple technologies such as advanced material and software which is featured in most of the devices. International companies tends to innovate, develop new products and to enhance the existing features in cardiovascular devices.
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