January 28, 2022

Carotid Stents Market to Reach $180 Million by 2010

Carotid Artery Stenting (CAS) has recently emerged as a popular alternative to endarterectomy for the treatment of carotid atherosclerosis. The recent approval, by the FDA, of carotid artery stents has initiated a global market for those devices. According to a new report by Medtech Ventures, the market for Carotid Artery Stenting is poised for phenomenal growth. Forecasts by industry executives estimate the market to reach US$180 million by 2010.

(PRWEB) January 28, 2022 -- Treating stroke-related circulatory problems with interventional devices is one of the most promising emerging medical device markets. In ten years, stroke likely will be a treatable condition in the same way that myocardial infarction is today.

Approximately, 250 per 100,000 of developed world population are affected by stroke every year. In the US the number of stroke sufferers is estimated at 700,000 every year (500,000 new & 200,000 recurrent), of whom 280,000 die as a result of the attack. Carotid artery stenosis can be linked directly to 25% of all ischemic strokes incidences.

Endovascular stent treatment of carotid artery atherosclerotic disease is currently being positioned as an alternative for vascular surgery, especially for patients who are at high risk for standard carotid endarterectomy.

Carotid stenting systems, of which the first one was approved by the FDA for marketing in the US at the end of August 2004, have been available on international markets for the past couple of years.

At the end of 2004 the global market for those devices have been estimated at close to US$10 million. The fan fair surrounding the approval of Guidant's carotid stenting system in the US has kicked off the market to a good start.

Companies active internationally in this market include the big five: Abbott, Boston Scientific, Guidant, Johnson & Johnson and Medtronic. Only Guidant has its product currently approved in the US while the rest are placing their products as investigational devices.

This situation is likely to change during 2005 when the potential approval of other companies product lines is expected.

Based on current technology situation, published company and investment analysts forecasts and feedback from industry executives and thought leaders we forecast the market to reach US$180 million, globally, by the end of the decade.

Posted by Industrial at 08:35 AM | Comments (0)