Approval
of C.R. Bard's CTO Catheter for Use in Atherectomy Procedures Game Changer for
Covidien, Cardiovascular Systems According to a New iData Research Report
Vancouver, BC (PRWEB) November 29, 2011
According to a new report by iData Research
(www.idataresearch.net), the leading global authority in medical device market
research, the U.S. peripheral vascular device market was valued at over $3.8
billion in 2011. The market is expected to grow rapidly to over $7.1 billion by
2018 fueled by sales of peripheral vascular stents, stent grafts, chronic total
occlusion (CTO) devices and increased use of transcatheter embolization devices
for new indications such as cancer and stroke treatment.
"Transcatheter embolization devices,
which are used to occlude blood flow within the vasculature, are expected to be
the fastest-growing segment in the overall peripheral vascular market,"
says Dr. Kamran Zamanian, CEO of iData. "Their uses are going beyond the
treatment of aneurysms and other arteriovenous malformations and are being used
in the treatment of growths, cancers and stroke. In particular, sales of
particle embolics, which can deliver drug-coated and radiolabeled beads for
targeted drug delivery and radiation therapy, are estimated to grow at
double-digit rates through 2018."
The report states that Cook Medical leads the
transcatheter embolization device market but was followed closely by Boston
Scientific who leads the particle embolics segment with their Contour® PVA Embolization
Particles.
Additionally, the CTO segment is expected to
more than double in value by 2016 due to new device indications. C.R. Bard's
Crosser® catheter recently gained approval for use in atherectomy procedures
and other market leaders, such as Cordis, may follow-suit as atherectomies have
a higher reimbursement than CTOs.
"The peripheral vascular stent market is
also expected to see strong double-digit growth fueled in part by sales of
covered stents," says Dr. Zamanian. "W.L. Gore remains the market
leader and has released lower profile stents with smaller diameters to access
more difficult vasculature such as below the knee (BTK) areas which is seeing
rapidly growing demand. C.R. Bard and Atrium Medical are battling for second
place in this market."
W.L. Gore was also the leading competitor in
the stent graft market with their minimally invasive Excluder® AAA and TAG®
thoracic endoprostheses products. However the company's market share has been
challenged since the introduction of competing devices by Medtronic and Cook
Medical. The market for stent grafts, which includes abdominal aortic aneurysm
(AAA) and thoracic aortic aneurysm (TAA) stent grafts, is estimated to almost
double in value to over $1.3 billion in annual sales by 2018. Approximately 80%
of people in the U.S. who suffer from aortic aneurysms are undiagnosed and
growth in this market will be driven by new ultrasound and CT screening
methods.
iData's U.S., European (15 Countries) and
Asia-Pacific (3-Countries) reports on the: Markets for Peripheral Vascular
Devices provides a comprehensive analyses of: CTO devices, transcatheter
embolization devices, PTA balloon catheters, stent-grafts, surgical-grafts,
inferior vena-cava filters, catheters, guidewires, introducer-sheaths,
arteriovenous access thrombectomy devices, vascular-closure devices and more.
For more information, register free on iData's
website at:
www.idataresearch.net/idata/registration.php
About iData
Research
iData Research (www.idataresearch.net/idata/discoveridata.php) is an
international market research and consulting group focused on providing market
intelligence for medical device, dental and pharmaceutical companies. iData
covers research in: peripheral vascular, vascular access, cardiology, cardiac
rhythm management, endoscopy, orthopedics, dental and more.
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