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The Canadian Interventional Cardiology Device Market Will Remain Relatively Stagnant Through 2022 at Around $80 Million
Date:7/22/2014

lyst Sivani Paskaradevan:

  • "Price declines are largely a result of the strong presence of group purchasing organizations and long-term tenders in Canada. Price is therefore the primary determinant of purchasing in the country because hospitals are extremely cost-conscious. As a result, companies are being pressured to decrease prices significantly in order to secure purchasing contracts."
  • "A number of new technologies are poised to enter the Canadian IC device market in the coming years. For example, Abbott is anticipated to release its bioresorbable vascular scaffold technology in 2017, and C. R. Bard and Medtronic are both expected to launch drug-coated balloons in 2018. In addition to the major multinational competitors, Opsens—which is a domestic competitor—is anticipated to launch its fractional flow reserve guidewire within a year."

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