Market Analysis

July 2014

Interventional Cardiology Devices | Canada | 2014 | Market Analysis

Introduction:

The Canadian IC device market, which remains relatively small, will experience slight growth despite declining ASPs; market expansion will be fueled by a rapidly aging population and the increasing prevalence of coronary artery disease, as well as rapid adoption of intravascular imaging catheters and pressure guidewires.

This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for IC devices in Canada across a 10-year period.

Millennium Research Group has up-to-date reports on a wide range of medical device markets worldwide.

Questions Answered in This Report:

  *   Tender contracts have a significant effect on price dynamics in Canada.

What market segments will be the most affected by strong price competition?

How have tender contracts affected market shares in the Canadian IC device market?

How will adoption of premium-priced devices affect ASP declines?

  *   The intravascular imaging catheter and pressure guidewire market will grow the fastest of all markets.

To what degree will these devices be adopted in budget-concious Canadian facilities, given the additional cost associated with their use?

Which market subsegment has the most potential for growth?

Which subsegments will attract new competitors?

  *   BVS and DCBs are both expected to enter the market during the forecast period.

How will the launch of alternatives to metallic coronary stents affect the market?

Will DES penetration rates be diminished by new technologies?

Will the introduction of DCBs alter the percentage of PCIs that are stented?

Scope:

Geographies Covered: Canada

Procedures Covered: Millennium Research Group's analysis uses the following breakdown of procedures:

Procedure Type

Diagnostic Angiographies

Procedure Type

Angiography-Only

Same-Session

PCIs

Procedure Type

PCI-Only

Same-Session

Technique

PTCA-with-Stent

Direct Stenting

Technique

With Postdilation

Without Postdilation

POBA

Product Type

Coronary Stent Procedures

Technique

PTCA-with-Stent

Direct Stenting

Technique

With Postdilation

Without Postdilation

Product Type

DES

BMS

BVS

PTCA Balloon Catheter Procedures

Technique

PTCA-with-Stent

POBA

Direct Stenting with Postdilation

Product Type

Normal

Cutting

Drug-Coated

Intravascular Imaging Catheter and Pressure Guidewire Procedures

Product Type

IVUS Catheters

OCT Catheters

FFR Guidewires

Coronary Atherectomies

Product Type

Rotational

Laser

Products Covered: Millennium Research Group's analysis uses the following breakdown of products in the market:

Product Type

Coronary Stents

Product Type

DES

BMS

BVS

PTCA Balloon Catheters

Product Type

Normal

Cutting

Drug-Coated

Accessory Devices

Product Type

PTCA Guidewires

Product Type

Workhorse

Specialty

Diagnostic Catheters

PTCA Guiding Catheters

Introducer Sheaths

Intravascular Imaging Catheters and Pressure Guidewires

Product Type

IVUS Catheters

OCT Catheters

FFR Guidewires

Coronary Atherectomy Devices

Product Type

Rotational

Laser

Market Forecast Features: Based on primary research with industry professionals, Millennium Research Group uses its proprietary forecasting model to provide an in-depth examination of current and future trends in procedure volumes, unit sales, ASPs, and market values over a 10-year period (2012–2022).

Competitive Analysis: Millennium Research Group provides a detailed analysis of the competitive landscape and market shares for leading competitors.

Authors:

Sivani Paskaradevan, PhD

Contributors
April Chan
Karen Gierszewski
Alvaro Naranjo
Jennifer Park
Veronica Ross
Kathleen Zorzella



Search Reports

Mentioned in this report:

  • Abbott Laboratories
  • ACIST Medical Systems
  • Alvimedica
  • AngioScore
  • ASAHI INTECC
  • Biosensors International
  • BIOTRONIK
  • Boston Scientific
  • CID Vascular
  • Cook Medical
  • Cordis
  • C. R. Bard
  • HeartFlow
  • MDMI Technologies
  • Medtronic
  • Merit Medical Systems
  • NuMED
  • Opsens
  • Spectranetics
  • St. Jude Medical
  • Teleflex Medical
  • Terumo
  • Vascular Solutions
  • Volcano
Decision Resources Group brands include: