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Peripheral Arterial Disease Represents a Significant and Rapidly Growing Market Opportunity for Interventional Therapies, Particularly Endovascular Technologies
ATLANTA, August 25, 2004--(BUSINESS WIRE)--Endovascular, employing minimally invasive, catheter-based technologies, is expected to become the dominant therapeutic modality for atherosclerotic diseases in the lower limbs, according to a new report published by THE SAGE GROUP (www.thesagegroup.us). “Already the preferred initial interventional therapy for most types of lesions in aortoiliac disease, endovascular is rapidly becoming the initial therapy for many types of femoropopliteal disease," stated Mary L. Yost, President of THE SAGE GROUP. "Development of new technologies, especially for the treatment of superficial femoral artery (SFA) disease, total occlusions, diffuse disease, critical limb ischemia and tibioperoneal disease is contributing to the shift to less invasive treatment," continued Yost. "Stent fracture and migration have already been reported with SFA-implanted nitinol stents raising questions regarding clinical consequences and longer-term patency. Additional studies are underway. We believe that current nitinol stent platforms are likely to prove inadequate in treating SFA disease," concluded Yost. Although the peripheral interventional market is moving to minimally invasive therapies, bypass surgery remains the gold standard. According to Yost, "Growth in the number of bypass procedures should outpace demographic trends due to increasing diagnosis and treatment of PAD, the trend to multiple interventions over a patient's lifetime, greater awareness of two-limb disease and substitution for amputation." "Intensification of public education and screening programs coupled with greater training of primary care providers is expected to lead to a substantial increase in the percentage of patients diagnosed, and treated. By 2010 the percentage of PAD patients diagnosed could reach 30%-35%, which represents an interventional market of 2.2 to 2.5 million procedures," concluded Yost. Volume II of the Peripheral Arterial Disease Research Study analyzes the peripheral interventional market in the aortoiliac, femoropopliteal and tibial vessels. It provides an in-depth discussion of surgical bypass and grafts, angioplasty, stents, stent-grafts and other FDA-approved endovascular therapies, including atherectomy, cryoplasty, the excimer laser, the cutting balloon and new devices to cross total occlusions. The interventional, bypass and endovascular markets are estimated based on epidemiology and demographics. Market potential is calculated by disease severity in terms of patients, limbs and primary and revision procedures. Specific estimates are made for 2000, 2003 and selected years through 2020. Public companies included in this report: Abbott Laboratories (ABT), AngioDynamics (ANGO), Boston Scientific (BSX), Bristol-Myers Squibb (BMY), Bard (BCR), CryoLife (CRY), Datascope (DSCP), Edwards Lifesciences (EW), Guidant (GDT), Johnson & Johnson (JNJ), Medtronic (MDT), Possis Medical (POSS), Regeneration Technologies (RTIX), Roche Holding (RHHBY), Sanofi-Synthelabo (SNY), Spectranetics (SPNC), Synovis Life Technologies (SYNO) and Terumo Corporation (JP: 4543). The Peripheral Arterial Disease Research Study Information and financial data is included for 26 companies. About THE SAGE GROUP THE SAGE GROUP, an independent research and consulting company, specializes in atherosclerotic disease in the lower limbs, specifically PAD (Peripheral Arterial Disease), CLI (Critical Limb Ischemia) and ALI (Acute Limb Ischemia). For additional information visit www.thesagegroup.us. SOURCE: THE SAGE GROUP THE SAGE GROUP |
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