This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Gains From A Growing Patient Pool For Cardiac Rhythm Management Devices Offset By Lower Product Pricing, Observes Frost & Sullivan

LONDON, Feb. 7, 2013 /PRNewswire/ -- The rising incidence of lifestyle diseases such as diabetes and obesity, an ageing population and the prevalence of cardiovascular diseases such as arrhythmias, heart failure and atrial fibrillation, have expanded the patient pool for cardiac rhythm management (CRM) devices in both Europe and the United States.

The larger market, however, does not translate to higher revenues, as there is considerable pressure on manufacturers to reduce the cost of all pacemakers, implantable cardioverter defibrillators (ICDs) and cardiac resynchronisation therapy (CRT) devices.

New analysis from Frost & Sullivan ( http://www.healthcare.frost.com), Western European and U.S. Cardiac Rhythm Management Devices Market, finds that the European and U.S. markets together earned revenues of $8.69 billion in 2011 and estimates this to reach $8.72 million in 2016.

"CRM device manufacturers have managed to stay afloat in this market through continuous product upgrades and technological advancements," says Frost & Sullivan Research Analyst Brahadeesh Chandrasekaran. "Companies that launch an innovative product that addresses end-user concerns will gain significant first-mover advantage."

A segment that has benefited substantially from technology improvements, especially in imaging techniques, is catheter ablation. It is one of the fastest growing segments in the CRM devices market and is considered a safe and effective treatment method for most arrhythmias.

About 25% of electrophysiologists spend their time performing catheter ablation. While this bodes well for the catheter ablation segment, it lowers the adoption of other cardiac devices such as ICDs.

Between Western Europe and the United States, the latter is the larger CRM market in terms of revenue and unit shipments. Overall, both these regions are the largest sales and revenue contributors to the global market.

"However, as the CRM markets in both these regions are consolidated, it is difficult for new or small companies to compete effectively," notes Chandrasekaran. "International companies can penetrate the European CRM market by establishing partnerships and alliances to distribute or increase their product lines."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs