Abbott Vascular Comes Out On Top
Waltham, Massachusetts (PRWeb) January 29, 2007 -- Millennium Research Group's (MRG) Marketrack service demonstrates that Abbott Vascular surpassed Cordis for the first time in December 2006 as the market leader in peripheral stents in the US. The acquisition of Guidant by Boston Scientific last January included the spin-off of Guidant's vascular product line to Abbott Vascular. This allowed Abbott Vascular to increase its share of peripheral stent units from 5% in January of 2006 to almost 30% by December, based primarily on the past and continued success of Guidant's peripheral products.
The acquisition has led to an increase in market shares across multiple product segments for Abbott Vascular including PV Stents, EPDs, PTA balloons, and accessory devices. New product availability is also changing the peripheral vascular competitive landscape. Boston Scientific's NexStent, Cordis' Precise, and ev3's Protégé RX carotid stents were all approved in 2006. While, the NexStent is just now being launched and has yet to take significant share, the Precise is gaining market share every month. This stent may help Cordis regain some share lost to Abbott Vascular.
"This is the first month we have seen Abbott Vascular surpass Cordis as the market leader for stents," says Adrienne Lovink Senior Analyst at MRG. "Abbott is now exhibiting the anticipated positive impact of the acquisition and has a combined share greater than the individual shares the companies held prior to the merger."
About Peripheral Vascular Marketrack
Peripheral Vascular Marketrack™ gathers data from interventional radiology labs, interventional cardiology labs, and operating rooms throughout the US and Europe. US data is gathered on a monthly basis and European data is reported quarterly. Marketrack subscribers receive thousands of data points, including usage (units, average selling price, and revenue), procedure, competitor, and brand information.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResources.com), is the global authority on medical technology market intelligence and a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.
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