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Medical Device Market & Industry Briefs, August 2012

Brief summaries of recent medtech market and industry developments. This month we cover continuing pressures on the DES and ICD markets, update Edwards’ efforts to roll out its Sapien device for TAVR, and report on QLT’s decision to sell its punctal plug technology.

Medtronic PLC, Boston Scientific Corp., and St. Jude Medical Inc. continue to experience downward market pressures on certain high-profile segments of their cardiovascular device businesses, particularly the percutaneous coronary intervention (PCI) and implantable cardioverter defibrillator (ICD) markets, which have been hard hit in recent years by economic constraints and US regulatory investigations into appropriate use issues. (See Also see "Cardiac Rhythm Management Market Faces Continued Challenges Ahead" - Medtech Insight, 1 August, 2011..) The ICD market remains an area of particular concern; and while company executives recently expressed hope that this market will turn around, or at least stabilize, in 2013, past experience in this difficult space has many analysts adopting a wait-and-see attitude.

In fact, given current market pressures, any near-term recovery in either of these markets is likely to be weak at best. Additional pressures that will impact growth in the months...

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