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Global cardiovascular market research demonstrates that the global cardiovascular devices market will surpass $40 billion over the next give years. Cardiovascular disease is increasing around the world, and is the leading cause of death, accounting for over 17 million deaths. The cardiovascular devices market is much smaller in emerging countries, including China, Brazil and India. Across these emerging nations, the cardiovascular devices market is only just greater than $2 billion, although is growing, due to changes in eating habits in these countries.
The US cardiovascular devices market is estimated at $35 billion, accounting for a huge share of the global market. Within the overall market, growing rapidly are the segments of interventional cardiology, cardiac rythym management and cardiovascular prosthetic device management.
Medtronic is the major player in the cardiovascular devices market, accounting for 23% of the market. Medtronic recently reported third quarter revenue of nearly $4 billion, slightly up on the same period in fiscal 2011. Net earnings stood at $935 million. The company's The Cardiac and Vascular Group generated global sales of in the quarter of just over $2.0 billion, up 2%. The Restorative Therapies Group at Medtronic is comprised of Spine, Neuromodulation, Diabetes, and Surgical Technologies. The group had worldwide sales in the quarter of $1.889 billion.
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