DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d8b987/overview_of_the_we) has announced the addition of Frost & Sullivan's new report "Overview of the Western European Peripheral Interventional Devices" to their offering.
This research service titled Overview of the Western European Peripheral Interventional Devices Market provides a comprehensive examination of the market including key drivers, restraints and challenges. Strategic recommendations are also included in the research. In this research, Frost & Sullivan's expert analysts thoroughly examine the following segments: peripheral vascular stents and stent grafts, percutaneous transluminal angioplasty (PTA) catheters, endovascular catheters, guidewires, vascular closure systems (VCD) and embolic protection devices (EPD).
Market Overview
Ageing Population, Coupled with Rising Incidence of Vascular Disease, Promotes Adoption of Advanced Peripheral Interventional Devices
The technology involved in the peripheral interventional devices (PID) market is typically highly complex. In addition, new products are launched frequently, compelling the need for high levels of operational expertise. As technological advances proceed apace, companies able to offer sophisticated equipment are poised to make strong gains. An ageing population and the associated high incidence of vascular disease will contribute to market growth, notes the analyst of this research. Next generation technologies will expand device applicability and treatment, further supporting market expansion. Vascular surgeons are shifting to minimally invasive surgical procedures. As such surgery techniques increase in number due to the promise of improved clinical efficiency, the demand for advanced PID devices will also rise.
Overseas markets will provide lucrative options for trade. However, they will also pose several problems for entry. Regulations differ for each market, with some markets being extremely difficult to penetrate. To trade globally, manufacturers need to develop a keen understanding of local regulations. Many countries like Japan have local agents through whom international companies can carry out trade within the country. Imposing trade barriers, fluctuating currencies and duplication of regulatory and industry approval processes impede international market penetration, cautions the analyst. Besides, some countries have their own classifications of devices and do not have transparent processes, making it harder for manufacturers to gain a foothold. Large participants dominate the Western European PID market. In 2009, Cordis Corporation (J&J) was the leader in the overall PID market, particularly in the peripheral stents and endovascular catheters segments. In the VCD segment, St. Jude Medical and Abbot Laboratories accounted for a combined market share of 97 per cent.
With such strong dominance of the major participants, the introduction of new products and their growth has proved extremely challenging for smaller manufacturers. Nevertheless, high market potential is set to attract venture capital funding for emerging companies. Developing long term contracts and building close relations with distributors will be key to success, concludes the analyst. To compete with the larger participants and increase market share, smaller manufacturers need to gain the favour of distributors, hospitals as well as acute and alternate care facilities.
Market Sectors:
Expert Frost & Sullivan analysts thoroughly examine the following application sectors in this research:
- Peripheral vascular stents and stent grafts
- Percutaneous transluminal angioplasty (PTA) catheters
- Endovascular catheters
- Guidewires
- Vascular closure systems (VCD)
- Embolic protection devices (EPD)
By Geographic Region:
- The United Kingdom
- France
- Germany
- Spain
- Benelux
- Scandinavia
- Italy
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Total Peripheral Interventional Devices (PID) Market
4. Geographic Analysis of Peripheral Interventional Devices Market
5. Conclusion
6. Decision Support Databases
7. About Frost & Sullivan
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