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The Emerging Eastern European Market For Interventional Cardiology Devices Will Grow To $282 Million By 2021
Date:7/18/2013

TORONTO, July 18, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, markets for interventional cardiology (IC) devices have reached maturation in Belgium, Sweden, Switzerland and the Netherlands, while Eastern European markets will continue to see growth. Procedure volume growth will be slight in Belgium, Sweden, Switzerland and the Netherlands through 2021 because IC procedures are well accepted and have high adoption in these countries. In contrast, Eastern European markets, including the Czech Republic, Hungary, Poland and Romania will see higher growth in procedure volumes as the use of interventional cardiology becomes more widespread.

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Despite the European Union's attempts to harmonize prices, they will continue to differ greatly between countries. This has resulted in cross-border purchasing as facilities try to take advantage of lower device costs in neighboring countries. For example, a stent costs more than four times as much in the Czech Republic as it does in Poland, and therefore many Czech hospitals will engage in cross-border purchasing to combat high prices.

"Countries such as Romania, the Czech Republic, Hungary and Switzerland are seeing very high stent prices, especially for more advanced products such as drug-eluting stents (
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SOURCE Millennium Research Group
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