Increased levels of obesity
and diabetes have caused a sharp rise in the prevalence of Peripheral Vascular
Disease (PVD) in recent years and will contribute to the expansion of the Drug
Eluting Balloons (DEB) market, business intelligence specialist GlobalData has
The new report* suggests that the value of the market is expected to almost double by 2017, reaching a value of $127 million. This will largely be due to an increase in physician uptake as long-term clinical data is released supporting their effectiveness and as the device is adopted for new indications such as PVD. US Food and Drug Administration (FDA) product approvals over the next two to three years are also expected to boost future uptake, playing on the existing importance of the US market and the current unmet need in the interventional cardiology devices market.
Of course, with further budget cuts expected for the healthcare industry in 2012, cost and patient compliance are two additional factors promoting the use of DEBs. Offering improved efficacy and patient safety for some indications, these products have the potential to create a niche market. In fact, preliminary clinical trial results suggest that DEBs could become the standard treatment for PVD and complex lesions in the future.
Among the products set to contribute to the growth of the DEB market is B. Braun's product, SeQuent Please, which currently accounts for the highest number of completed and ongoing clinical trials. Bayer's PACCOCATH technology has also demonstrated success in animal models and both these products are expected to receive regulatory approval in the next two to three years.
(Source - GLOBALDATA, Londn, UK)