1. Market Research
  2. > Healthcare
  3. > Medical Device
  4. > Cardiovascular Devices Market Trends
  5. > Western European Percutaneous Coronary Intervention (PCI) Devices Market : Niche Opportunities Exist within the Mature Landscape

Methodology

•Primary interviews were conducted with key industry experts and regulatory authorities. Designations of interviewed participants include chief executive officers, marketing managers, directors, and vice-presidents.
•Secondary research sources such as in-house Frost & Sullivan database, Frost & Sullivan’s Decision Support Database, company annual reports, scientific journals, and industry-related articles have been utilized.
•The objective of the research service is to present a comprehensive analysis of the European Percutaneous Coronary Interventions market with respect to market potential and key market dynamics.
•The study also covers factors driving growth, challenges affecting the industry, and opportunities within the total market and the market segments as estimated for the forecast period.
•The study period covered is from 2010 to 2018, with the base year as 2013 and forecast period from 2014 to 2018.

Key Findings

•The western European Percutaneous Coronary Intervention (PCI) Devices market, comprising coronary stents, catheters, percutaneous transluminal coronary angioplasty (PTCA) balloons (plain and drug-eluting balloons), guidewires, introducers, and embolic protection devices (EPDs), was estimated at $ x million in 2013.
•It is a mature market and is expected to grow at a CAGR of x % and reach $ x million by 2018. Most western European governments have incorporated the prevention and treatment of cardiovascular diseases (CVDs) within healthcare provisions, with Germany being the largest contributor in terms of revenue in this market.
•While the number of coronary stenting procedures performed in western Europe is expected to grow steadily due to better reimbursement and increased diagnosis and awareness, the selling price of stents is declining significantly with intensified competition, product bundling, and budgetary pressure in hospitals. This has led to a decline in the overall coronary stents segment.
•However, an exception to the coronary stenting segment decline will be bioabsorbable stents (BAS), which are likely to be adopted over this period due to prevention of stent thrombosis found in drug-eluting stents (DES), and thus limit the slide in market value.
•The number of PCI procedures performed in western Europe, especially in Spain and Italy, is expected to rise as a result of increased treatment of more complex cases. However, the declining Average Selling Price (ASP) across almost every PCI product segment will neutralize the increase in revenue.
•Moreover, lack of reimbursement in countries like Spain, for advanced technologies like EPD, has hindered the adoption of these devices, despite the potential clinical benefits derived from their usage.

Key Questions this Study will Answer

What is the market size and potential for PCI products?
Which segment of PCI is growing the fastest? How long will it continue to grow, and at what rate?
What is the greatest challenge faced by the PCI devices market and how can it be overcome?
Which are the major countries, and what are the important trends for each segment in PCI?

CEO’s Perspective

Focus will be on innovations like bioabsorbable stents and drug-eluting bioabsorbable stents that are completely absorbed by the body without compromising the integrity of the vessel.
For multinational corporations, product portfolio expansion through acquisition of smaller companies with innovative PCI products is the best way to increase topline in this mature market.
Exploring novel technology in a niche sector is the ideal way to build brand value for new entrants.

Key Companies to Watch

Boston Scientific
•Boston Scientific is the largest supplier of percutaneous coronary intervention devices to the western European market.
•Being a large organization, it has access to considerable research and development and marketing resources.
•Its recent acquisition of Bridgepoint Medical is helping the company provide novel solutions for treating Coronary Chronic Total Occlusions (CTOs).

Medtronic, Inc.
•Medtronic is equally active and is giving tough competition to Boston Scientific in the PCI space.
•It has direct sales offices located extensively throughout Europe.
•Its launch of Export Advance aspiration catheter in 2013 for thrombus removal is expected to have a big impact on the company’s revenue.

Abbott Laboratories
•Abbott Laboratories has dedicated physician training programmes which train and evaluate physicians, nurses, and other technicians regarding the efficient usage of their devices.
•Its product and service diversity, along with strong sales and distributor networks, enables it to reach end users effectively.
•Introduction of Absorb Bioresorbable Vascular Scaffold System is expected to further increase its foothold.

3 Big Predictions

Innovations and usage of bioabsorbable stents and drug-eluting bioabsorbable stents will hold the key to market revenue for stents segment.
Increased brand loyalty through better relationship with end users and a more effective after-sales service will help companies sustain in the mature PCI market.
Creating awareness among end users and surgeons and research in new percutaneous coronary interventional products will facilitate adoption of new products.

Table Of Contents

Western European Percutaneous Coronary Intervention (PCI) Devices Market : Niche Opportunities Exist within the Mature Landscape
Executive Summary 6
Market Overview—Total Percutaneous Coronary Intervention Devices Market 15
Competitive Playbook 21
Total Percutaneous Coronary Intervention (PCI) Devices Market -
• Drivers and Restraints 23
• Forecasts and Trends 32
• Competitive Environment 42
Percutaneous Coronary Interventions—Segment Analysis -
• Coronary Stents Segment 47
• Consumables Segment 54
• Embolic Protection Devices Segment 61
Percutaneous Coronary Interventions—Region Analysis -
• Germany Breakdown 67
• United Kingdom Breakdown 73
• France Breakdown 79
• Spain Breakdown 85
• Italy Breakdown 91
• Benelux Breakdown 97
• Scandinavia Breakdown 103
The Last Word 109
Appendix 114

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
European Market Report for Dialysis Catheters 2017 - MedCore

European Market Report for Dialysis Catheters 2017 - MedCore

  • $ 6495
  • Industry report
  • November 2016
  • by iData Research, Inc.

Description The European market for dialysis catheters comprises the acute hemodialysis, chronic hemodialysis and peritoneal dialysis catheter segments. The chronic hemodialysis catheter market is segmented ...

Vascular Access Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

Vascular Access Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

  • $ 5795
  • Industry report
  • September 2016
  • by Transparency Market Research

Vascular Access Devices Market: Scope and Methodology Vascular access devices are medical devices used to obtain access to the bloodstream, and are hollow and flexible tubes made of latex, silicone, and ...

Czech Republic Interventional Cardiology Market Outlook to 2022

Czech Republic Interventional Cardiology Market Outlook to 2022

  • $ 4995
  • Industry report
  • September 2016
  • by Global Data

Czech Republic Interventional Cardiology Market Outlook to 2022 Summary GlobalData’s new report, Czech Republic Interventional Cardiology Market Outlook to 2022, provides key market data on the Czech ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.