Navigation Links
Reprocessed Catheters: A Growing Force In the US Electrophysiology Diagnostic Catheter Market, According to Millennium Research Group
Date:11/19/2009

WALTHAM, Mass., Nov. 19 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the US market for reprocessed electrophysiology diagnostic catheters will grow at a rate of over 15% through 2014. MRG's new US Markets for Electrophysiology Mapping and Ablation Devices 2010 report finds that although reprocessed catheters have existed for a number of years, it is only recently that this device type has begun to play a larger role in the electrophysiology diagnostic market.

Several key events helped pave the way for reprocessed devices to account for a growing portion of the electrophysiology diagnostic catheter market. In January 2008, the US Government Accountability Office (GAO) released a report concluding that there was no evidence to suggest that reprocessed single-use devices create an elevated health risk for patients. In March of the same year, Massachusetts' State Legislature Public Health Joint Committee voted not to report favorably on bills that would require hospitals to receive patient consent before using reprocessed devices. Both of these events will help to reinforce the acceptance of reprocessed devices among health care providers and drive growth in the use of the reprocessed electrophysiology diagnostic catheters.

As large hospital group purchasing organizations (GPOs) such as ProvSource continue to sign on to supply contracts with commercial reprocessors like Ascent Healthcare Solutions, the market will continue to expand. With usage of diagnostic reprocessed catheters growing, suitability for recycling will become an increasingly important factor in hospital purchasing and stocking decisions.

"The economic climate and resultant budgetary constraints for hospitals are central drivers of the reprocessed catheter market," says Dan Whalen, Analyst at MRG. "Although safety issues were important to the overall acceptance of reprocessed devices, the economic climate acted as the tipping point due to the significant cost savings these devices provide. Consequently, the reprocessed diagnostic catheter market will grow substantially through 2014."

MRG's new report, US Markets for Electrophysiology Mapping and Ablation Devices 2010, provides critical insight into emerging trends that will fuel market growth for electrophysiology lab systems, diagnostic catheters, and ablation catheters through 2014. The report provides a complete breakdown of unit sales, average selling prices, and revenues by device type. Further detail is provided for diagnostic catheters, breaking unit sales into reprocessed devices and original equipment manufacturer devices. Additionally, this report includes five-year forecasts, up-to-date market shares, and in-depth qualitative insights.

About Millennium Research Group

Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack(TM) projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

    For more information, contact:

    Amy Krohn
    Millennium Research Group
    416-364-7776 ext. 101
    akrohn@mrg.net

    Elizabeth Marshall
    Decision Resources Inc.
    781-296-2563
    emarshall@dresources.com

SOURCE Millennium Research Group


'/>"/>
SOURCE Millennium Research Group
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. Pioneer(R) Surgical Technology, Inc. and Bonovo(R) Orthopedics, Inc. Establish Foothold in Fastest Growing Spine Market in the World
2. eCardio Named One of Houstons Fastest Growing Technology Companies at the 2009 Houston Business Journal FastTech 50 Awards Luncheon
3. DCED Helping PA Companies Do Business in Growing United Arab Emirates Market for Health Care Products, Services
4. Accuray Ranked 155th Fastest Growing Company in North America on Deloittes 2009 Technology Fast 500(TM)
5. Growing Supply Chain Complexity Increasing Impact on Medical Device Company Operations
6. Sigma-Aldrich(R) Partners With Flow Chemistry Leader ThalesNano to Provide CatCart(R) Catalyst Products for Rapidly Growing Market
7. Boston Business Journal Names NxStage(R) Medical Third Fastest Growing Company in Massachusetts
8. invivodata Recognized as One of Pittsburghs Fastest Growing Private Companies
9. Accent on Aesthetics Plastic Surgery Medical Center Selects Artefill to Meet Growing Patient Demand for a Longer Lasting Dermal Filler
10. Genetic Engineering & Biotechnology News Reports on the Growing Role of Ion-Channel Studies in Global Biotech R&D
11. AQUA(R) Technology Recognized as Promising New Strategy for Hormone Receptor Testing in Breast Cancer by NCCN Task Force
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... -- Glycotope GmbH, a clinical-stage immuno-oncology company ... of Dr. Alfredo Zurlo as Chief Medical ... many years clinical experience and a proven track record ... was at Mologen AG where he was Chief Medical ... Zurlo held various positions at F Hoffmann La Roche ...
(Date:4/28/2016)... 2016 Research and Markets has ... Products Market 2016-2020" report to their offering. ... The global plastic surgery products market is expected ... period 2016-2020. , ,The growing adoption of laser in ... of the market. Lasers are used to treat a ...
(Date:4/28/2016)... YORK , April 28, 2016 ... online consumer insights on healthcare, announced today that it ... their report Cool Vendor in Life Sciences, 2016, ... April 15, 2016.  The report focuses on life-science- oriented ... gain insight from patients and doctors, confirm medication ingestion, ...
Breaking Medicine Technology:
(Date:4/29/2016)... ... April 29, 2016 , ... Dr. Robert Mondavi, one of the ... smiles. Cosmetic dentistry is a fast-growing field as more patients are discovering the many ... learn more about the options currently available to them and which ones might work ...
(Date:4/29/2016)... ... , ... Reltok Nasal Products proudly announces that Boston Medical Products, Inc., a ... throat specialty, has added the KOTLER NASAL AIRWAY™ to its diverse product line. , ... patented safety device secured by nasal surgeons onto the floor of the nasal passages, ...
(Date:4/29/2016)... ... April 29, 2016 , ... ... growth round of funding led by Eastside Partners, with participation from existing investor ... growing customer base and accelerate its technology and product roadmap. , ...
(Date:4/29/2016)... ... April 29, 2016 , ... Regenerative Medicine Solutions ... to Work employee satisfaction survey, earning them second place for Tampa’s Best Places to ... employees. , “This is a great accomplishment for our team,” says RMS Human ...
(Date:4/29/2016)... ... April 29, 2016 , ... The infertility specialists at HRC Fertility/Orange County (HRC/OC) ... Daniel A. Potter -- are proud of the recent release of their 2014 in ... SART published the latest verified data for 375 U.S. member clinics. *Preliminary ...
Breaking Medicine News(10 mins):