iData Research

Boston Scientific, Abbott Laboratories Lead U.S. Interventional Cardiology Market Fueled by PCI and Angiography Procedure Volume

LogoAccording to a new series of reports by iData Research (www.idataresearch.com), the total U.S. market for interventional cardiology devices was valued at $2.9 billion in 2017. Growth of the U.S. interventional cardiology market is highly correlated with annual procedural volume, particularly percutaneous coronary intervention (PCI) and angiography procedures. PCI procedural growth has a positive effect on the associated device markets, such as coronary stents, balloon catheters, interventional catheters and guidewires and various other devices required per procedure. Angiography procedure volumes are expected to remain stable over the forecast period.

Dentsply Sirona Lead US Digital Dentistry Market Through Mergers and Acquisitions and Lab Consolidation

LogoAccording to a new series of reports on the U.S. market for digital dentistry devices by iData Research (www.idataresearch.com), growth of the market is limited due to the emergence of relatively inexpensive products. Foreign brands have penetrated the market for zirconia CAD/CAM blocks and discs in the United States, driving the overall average selling price (ASP) downwards.

DePuy Synthes Lead Argentina Minimally Invasive Spinal Implants Market Due to Strong Presence in MIS Interbody Segment

LogoAccording to a new series of reports on the Argentina market for minimally invasive spinal (MIS) implants by iData Research (www.idataresearch.com), the number of people aged 60 or over will be 2.5 to 3.5 times larger than in 2000 in many Latin American countries by 2030. Barring unexpected major demographic change, for the next three to five decades the increase in this demographic population in the region will continue to grow rapidly. This demographic shift will in turn stimulate growth in both fusion and non-fusion spinal implant markets since these procedures are typically performed in order to treat spinal complications that are much more common in elderly patients.

Karl Storz, Olympus Lead Europe Laparoscope Market Despite the Popularity of Refurbishment and Replacement Plans

LogoAccording to a new series of reports on the European market for laparoscopic devices by iData Research (www.idataresearch.com), decreased hospital budgets will limit the growth of new rod and video laparoscope sales in the region. As a result, lower cost refurbished laparoscopes are gaining popularity, as sterilization techniques are improving to ensure patient health and safety.

Becton Dickinson Leads U.S. Infusion Therapy Device Market Fueled by New Regulations Increasing Replacement Rates

LogoAccording to a new series of reports on the U.S. market for infusion therapy devices by iData Research (www.idataresearch.com), manufacturing and design defects leading to occasional product recalls hamper steady sales in the country. Furthermore, persistence of plastic PVC-based materials containing potentially harmful DEHP leaves customers in doubt and pushes them to other treatment options without the use of advanced medical devices.

Zimmer Biomet Leads Brazil Minimally Invasive Spinal Implants Market Due to Brand Recognition and Third-Party Vendor Support

LogoAccording to a new series of reports on the Brazil market for minimally invasive surgery (MIS) spinal implants by iData Research (www.idataresearch.com), Brazil imports MIS devices, mainly from American and European manufacturers. However, the U.S. dollar has seen strong growth recently, which has made it harder for local suppliers to import these products, which are more expensive compared to standard technologies. As a result, it has been less profitable for companies to import MIS devices and this has stunted market growth in the region. But prices have begun to stabilize and these trends are projected to reverse, stimulating growth across different MIS segments.

SonoSite Leads US Vascular Access Ultrasound Market Despite Competitive Pricing Pressure from Less Expensive Units

LogoAccording to a new series of reports on the U.S. market for vascular access devices by iData Research (www.idataresearch.com), ultrasound devices represent the fastest growing segment in the total U.S. market. Replacement rates for vascular access-specific ultrasound machines vary depending on the machine and the hospital.

Massive Declines in the U.S. Gastric Band Market as Surgeons Switch to More Cost-Effective Gastric Bypass and Sleeve Gastrectomy Procedures

LogoAccording to a new series of reports on the U.S. market for laparoscopic devices by iData Research (www.idataresearch.com), there has been a massive decline in growth rate of the gastric band market since 2008, as most surgeons switched to gastric bypass and sleeve gastrectomy procedures. Many surgeons felt that the fitting of a gastric band was not only more dangerous than a sleeve gastrectomy or gastric bypass procedure, but also not as profitable as the other options. Unlike a sleeve gastrectomy procedure, which does not require any follow up, the fitting of a gastric band requires the surgeon to check up on the patient up to 3 times a year over a 2-year period in order to monitor patient progress. Although this arrangement is beneficial for the patient, surgeons find that these follow-ups are not cost-effective.

Abbott, Boston Scientific Lead Japan Interventional Cardiology Device Market Due to New Expensive Technologically Advanced Devices

LogoAccording to a new series of reports on the Japan market for interventional cardiology devices by iData Research (www.idataresearch.com), hospitals in the country tend to gravitate towards expensive and technologically advanced devices. However, the high-cost of imaging devices like optical coherence tomography (OCT) catheters and fractional flow reserve (FFR) guidewires is limiting the market adoption.

Edwards Lifesciences, Medtronic Lead US Market for Transcatheter Heart Valve Replacement Devices Fueled by Growing Demand for Minimally Invasive Surgeries

LogoAccording to a new series of reports on the U.S. market for cardiac surgery and heart valve devices by iData Research (www.idataresearch.com), there is an emerging trend towards the use of minimally invasive procedures to treat heart conditions. The aging population is driving the market since the elderly in need of treatment are often not suitable for open heart surgery. As a result, procedures such as transcatheter heart valve replacement (THVR) are gaining prominence. These devices are replacing the heart valves used in open heart surgery as the standard way of replacing heart valves.