Dallas, TX -- (SBWire) -- 03/21/2011 -- The cardiovascular devices represent one of the major markets in the medical equipment industry. This market consists of Cardiac Rhythm Management (CRM) devices, Interventional Cardiology (IC) devices, cardiovascular prosthetic devices, and cardiovascular surgery.

With the advancement in technology, better therapies and solutions have been introduced into the healthcare market. Further, due to the intense competition, the players are driven to introduce new cardiovascular devices. Also, the manufacturers are emphasizing in next generation cardiovascular devices; with improved design, deliverability, and conformability. The development of next generation heart valves and drug eluting coronary stents, along with significant practices of biocompatible and bioabsorbable materials is expected to continue to drive innovation within the market.

The ageing population, life saving benefits of cardiovascular devices, increasing patient base undergoing cardiac procedures, and growing health awareness are the key factors driving the growth of cardiovascular devices. Also, with the advancement in new innovative technologies, the companies are coming up with next generation devices, involving minimally invasive methods. Further, the significant practices of biocompatible and bioabsorbable materials in the cardiovascular devices will continue to drive innovation within the market.

The report by TechNavio Insights forecasts the market size of the global cardiovascular devices market for 2008-2012. Further, the report discusses about the segmentation of the global cardiovascular devices market into various geographic regions. It also identifies the major market trends, drivers, and challenges existing for the global cardiovascular devices market and profiles the key vendors of this industry.

Global Cardiovascular Devices Market 2008-2012
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