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Products Pipeline in Medical Equipment Market

Cardiovascular and Orthopedic Devices Markets Have the Highest Number of Pipeline Products in 2010
London, London, United Kingdom ( 11/01/2011
In 2010, the cardiovascular devices market with 975 products was the market with the highest number of pipeline products. It was followed by the orthopedic devices market with 657 pipeline products. The robust pipeline in the cardiovascular and orthopedic devices markets reflects the enhanced interest of various companies in these two markets. One can expect major activity to be centered around the cardiovascular and orthopedic markets thereby enabling products with new technology to enter these markets.

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In the cardiovascular devices market, interventional cardiology has the highest number of pipeline products with about 326 products, followed by peripheral vascular devices with 191 products.

There are about 2,000 products that are in the clinical stage of development in the medical devices industry and about 1,100 products in the pre-clinical stage of development. With a high number of products in the advanced stage of development, it can be expected that there would be many new products that would be approved and launched in the next few years. The cardiovascular and orthopedic devices market form the largest markets in which there are a high number of pipeline products in their clinical stage of development and new launches can be expected in these two markets subject to approval in the next two years.

Interventional cardiology has emerged as the category with the highest number of pipeline products amongst all categories in the medical devices market. Interventional cardiology has about 326 products in the pipeline that include products belonging to various segments such as coronary stents, Percutaneous Transluminous Coronary Angioplasty (PTCA) balloons, coronary guiewires, arteriotomy closure devices, coronary catheters and Intravascular Ultrasound Systems (IVUS). Spinal surgery is the category with the next highest number of pipeline products. As of 2010, about 277 products were in the pipeline in the spinal surgery devices category that include devices on spinal fusion and,, non fusion technologies. This shows an increased interest in Research and Development (R&D) among start ups, as well as established companies in the field of spinal surgery, leading to innovative and greater number of newer products in spinal surgery.

GBI Research’s report, “Products Pipeline in Medical Equipment Market - Robust Pipeline Strengthening the In-Vitro Diagnostics and Cardiovascular Devices Market” provides key data, information and analysis on the global pipeline products in the medical device industry. The report provides medical equipment pipeline product classification and approval process in the US, Europe and Japan. This report includes details of 15 markets, namely – cardiovascular devices, orthopedic devices, diabetes care devices, anesthesia and respiratory devices, diagnostic devices, dental devices, drug delivery devices, endoscopy devices, wound care management, nephrology and urology devices, ophthalmic devices, ENT devices, surgical equipment devices and, the hospital supplies market. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

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