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BCC Research Publishes a New Report On Global Markets for Cardiovascular Surgical Devices
Date:11/1/2013

Wellesley, MA (PRWEB) November 01, 2013

According to a new technical market research report, Cardiovascular Surgical Devices: Technologies and Global Markets from BCC Research (http://www.bccresearch.com), the global cardiovascular surgical devices market was valued at $29.7 billion in 2012 and is expected to reach nearly $31.7 billion in 2013. BCC Research projects the market to grow to nearly $47.2 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 8.3% from 2013 to 2018.

Cardiovascular disease is the leading cause of death for both men and women in the United States, as well as in many other countries around the world. The American Heart Association estimates that 83.6 million American adults, or more than one in three, have one or more types of cardiovascular disease. Indeed, more Americans die of heart disease than of the combination of all cancers and AIDS.

In 2010, over 7.5 million inpatient cardiovascular operations and procedures were performed in the United States alone. During that year, the total inpatient hospital cost for cardiovascular disease was estimated to be $71.2 billion, about one quarter to the total cost of U.S. inpatient hospital care. The American Heart Association further estimates that, by 2030, the total direct medical costs associated with cardiovascular disease in the U.S. alone will increase from an estimated $312.6 million in 2009 to almost $1.5 trillion (in 2010 dollars).

Although incidence rates of cardiovascular disease in many European and ot
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