The Cardiac Prosthetic Heart Valves market value is expected to reach US$468 million by 2016, primarily supported by the product types – Mechanical Heart Valves, Transluminal Heart Valves and Tissue Heart Valves. China accounts for nearly 26% of the market share and India claims more than 20% of the total share. In terms of CAGR, India is the fastest growing region while China and South Korea are just behin d. Among the product types, Mechanical Heart Valves account nearly half of the market value while Tissue Heart Valves and Transluminal Heart Valves segments add up to the remaining share.
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.
Global Prosthetic Heart Valves Industry 2015 Market Research Report
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