ReleaseWire Connect

Lebanese payments cards (including debit, credit and charge cards) registered positive growth during the review period, recording a compound annual growth rate (CAGR) of 3.41%, increasing from 1.6 million cards in circulation in 2009 to 1.8 million by the end of 2013. In terms of transaction value, payment cards valued LBP15.5 trillion (US$10.3 billion) in 2013, after registering a review-period (2009–2013) CAGR of 12.07%. The introduction of improved cards, rising consumer awareness for electronic payments, adoption of advanced technologies such as PayWave and PayPass feature, EMV technology and contactless cards all contributed towards the growth in payment cards.

Global Guidewires sector is projected to reach US$1.6 billion by 2016. The North America accounts for nearly 35% (2015) of the global value while Europe claims approximately 25% (2018). Asia-Pacific is the fastest growing region with a CAGR of 12.8% driving a market value of US$467 million by 2015. On a global scale, projections for Coronary Guidewires market share indicate more than 60% leaving the rest of the market to the Peripheral Guidewires as the fastest growing segment.

Global Electrophysiology (EP) Ablation Catheters sector is projected to reach US$341 million by 2016. The North America accounts for nearly 34% (2015) of the global share while Europe claims approximately 30% (2018). Asia-Pacific is the fastest growing region with a CAGR of 9.2% driving a market value of US$83 million by 2015. On a global scale, projections for Radiofequency (RF) EP Ablation Catheters indicate more than 30% market share leaving the rest of the market to the Cryoablation EP Catheters, Laser Ablation Systems, Navigational Advanced Mapping and Accessories Microwave Ablation.

Global Electrophysiology (EP) Laboratory Devices sector is projected to reach US$636 million by 2016. The North America accounts for nearly 34% (2015) of the global share while Europe claims approximately 30% (2018). Asia-Pacific is the fastest growing region with a CAGR of 9.2% driving a market value of US$150 million by 2015. On a global scale, projections for X-Ray Systems indicate more than 30% market share leaving the rest of the market to the 3D Mapping Systems, EP Recording Systems, Remote Steering Systems, Intracardiac Echocardiography Systems and Radiofequency (RF) Ablation Generators.

Global Diagnostic Electrophysiology Catheters sector is projected to reach US$3.5 billion by 2016. The North America accounts for nearly 34% (2015) of the global value while Europe claims approximately 29% (2018). Asia-Pacific is the fastest growing region with a CAGR of 13.2% driving a market value of US$857 million by 2015. On a global scale, projections for Conventional EP Diagnostic Catheters indicate more than 40% market share leaving the rest of the market to the Advanced and Ultrasound EP Diagnostic Catheters.

Global Inferior Vena Cava (IVC) Filters sector is projected to reach US$435 million by 2016. The North America accounts for nearly 39% (2015) of the global value while Europe claims approximately 27% (2018). Asia-Pacific is the fastest growing region with a CAGR of 13.6% driving a market value of US$99 million by 2015. On a global scale, projections for Retrievable Filters market share indicate more than 60% leaving the rest of the market to the Permanent IVC Filters as a fastest growing sector.

Global Electrocardiogram Devices (ECG) sector is projected to reach US$330 million by 2016. The North America accounts for nearly 36% (2015) of the global market share while Europe claims approximately 27% (2018). Asia-Pacific is the fastest growing region with a CAGR of 10.4% driving a market value of US$79 million by 2015. On a global scale, projections for Stress ECG market share indicate more than 40% leaving the rest of the market to the Resting ECG and observed to be the fastest growing segment during the period.

Global Cardiac Catheters sector is projected to reach US$8.3 billion market value by 2016. The North America accounts for nearly 29% (2015) of the global value while Europe claims approximately 28% (2018). Asia-Pacific is the fastest growing region with a CAGR of 13.4% driving a market value of US$2.3 billion by 2015. On a global scale, projections for Electrophysiology (EP) Catheters indicates more than 45% market share by 2015 leaving the rest of the market to the PTCA and PTA Balloons, Angiography Catheters, Intravascular Ultrasound (IVUS) and other devices. PTCA Guidewires in terms of volume is expected to reach 689.9 thousand units by end of 2018.

Global Cardiac Resynchronization Therapy (CRT) sector is projected to reach US$3.1 billion by 2016. The North America accounts for nearly 39% (2015) of the global value while Europe claims approximately 32% (2018). Asia-Pacific is the fastest growing region with a CAGR of 12.8% driving a market value of US$590 million by 2016. On a global scale, projections for Cardiac Resynchronization Therapy Defibrillator (CRT-D) market value indicate US$1.6 billion by 2016 leaving the rest of the market to the Cardiac Resynchronization Pacemakers (CRT-P).

Global Cardiac Pacemaker sector is projected to reach US$5.7 billion by 2016. The North American segment accounts for nearly 40% (2015) of the global market share while Europe claims approximately 30% (2018). Asia-Pacific is the fastest growing region with a CAGR of 11.4% driving a market value of US$728 million by 2015. On a global scale, projections for Implantable Pacemakers market share indicates more than 50% by 2015 leaving the rest of the market to the External Pacemakers.