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The Top 10 Cardiovascular Device Companies: Market Trends, Growth Strategies, and SWOT Analyses Now Available at ReportsandReports
Date:8/31/2010

pricing. Research & development (R&D) initiatives and interdisciplinary knowledge will remain the benchmark for assuring a company's success and commanding prevalence in the market.

Decline in capital expenditure of hospitals

In the US, hospitals spend a considerable amount of their revenues on capital expenditure to improve their facilities and purchase new medical technology. However, the impact of economic recession since 2008 had forced hospitals to decrease their capital expenditure by almost 6%. This decline will impact the medical devices industry across all sectors in the CV device division. Some segments of the CV device industry such as ICD, pacemakers, heart valves and stents will remain insulated from the economic impact given their non-elective nature of associated procedures. other low budget, high-frequency CV accessories that hospitals purchases on a regular basis will be affected due to decline of capital expenditures.

Key findings from this report - The top 10 companies had cumulative revenues of $27bn in 2009 and over 95% share of the global CV device market. The top 3 CV device companies dominate more than 60% of this segment's market share. - Medtronic was the No. 1 company with CV device revenues of $8.6bn in 2009. The company strategically acquired other franchises to expand its heart valve and catheter product portfolios. - The growth rates of the implantable cardioverter defibrillator (ICD) and pacemaker sectors in 2009 were 4-5% and 2-3% respectively. The ventricular assist device (VAD) and atrial fibrillation (AF) sectors are poised for double-digit growth rates over the next 2-3 years. - Business Insights' analysis revealed that, even during economic recession, the CV device market has remained buoyant, achieving single- digit growth. However, the growth rate in this segment - with the exception of AF solutions and VAD sales - will remain in the mid single digits over the next decade. Key questions answere
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