DUBLIN, Mar. 25, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/k8gx4n/china) has announced the addition of the "Concise Analysis of the International Interventional Cardiovascular Device Industry" report to their offering.
With the accelerated aging, the prevalence of cardiovascular diseases in China increased year by year. According to statistics of National Health and Family Planning Commission of the People's Republic of China, in 2012 cardiovascular disease deaths in China reached 3.5 million. The fast growing number of heart patients stimulated rapid growth in Chinese demand for interventional cardiac operation and coronary stent. China's PCI (percutaneous coronary intervention) surgeries increased from 25,000 cases in 2002 to about 531,000 cases in 2012; the number of coronary stent implantation rose from 40,000 units in 2002 to approximately 640,000 units in 2012. In 2007-2012 China's cardiovascular stent market size grew at an AAGR of 20.3%.
In China, interventional cardiovascular devices are dominated by cardiovascular stent. Currently, the top three companies in China's coronary stent market are respectively MicroPort, Lepu Medical and JW Medical; while supporting auxiliary devices such as catheter and guide wire feature low localization rate, mainly dependent on imports. In 2012, Chinese enterprises accounted for 66.8% of Chinese interventional cardiovascular device market share, followed by foreign counterparts with 33.2%.
Interventional cardiovascular device is a sunrise industry, there lies strong clinical demand for safer and more effective interventional products, and thus the world's major manufacturers have invested heavily in research and development of new products. Bioabsorbable everolimus-eluting stent (BVS) has become the focus of attention. Abbott in September 2012 launched the world's first A bioabsorbable everolimus-eluting coronary stent system (ABSORB), expected to bring a revolutionary change in coronary artery disease (CAD) treatment; MicroPort's third-generation completely biodegradable drug-eluting stent Firehawk has completed clinical trials in China; Lepu Medical's completely biodegradable drug-eluting stent is also in active research and development.
Key Topics Covered:
1. Overview of Interventional Cardiovascular Device Industry
2. Status Quo of China Interventional Cardiovascular Device Industry
3. Development Environment for China Interventional Cardiovascular Device Industry
4. Market Segments
5. Foreign Companies
6. Chinese Companies
- Abbott Laboratories
- Amtech Biotech
- B. Braun
- Boston Scientific
- JW Medical
- Johnson & Johnson
- Lepu Medical
- Liaoning Bio-medical
- Lifetech Scientific
- SCW Medicath
- Starway Medical
For more information visit http://www.researchandmarkets.com/research/k8gx4n/china
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SOURCE Research and Markets