Market share charts for femoral artery closure devices looked like a roller coaster through Q3 2000, with each quarter producing a new market leader--Datascope, St. Jude Medical, and Perclose. Interventional cardiologists, whose views on device utilization levels and product lines varied, helped explain the market share movements, among other things noting the introduction of smaller, six French devices that led to the success of St. Jude, with Angio-seal and Duet. Most physicians agreed that while experimentation with different devices at this early stage of the market's development was leading to strong sales for all products, most hospitals will, over time, reduce redundancy in the product line and likely will end up carrying only two brands.
According to new data, the market share charts for femoral
artery closure devices looked like a roller coaster through the
first three quarters of this year, with each quarter producing a
new market leader. The data was provided by MD Data Direct, an
Internet based market research and data gathering firm which tracks
actual product usage in several cardiovascular categories.
According to MD Data's data, compiled from more than 14,600 interventional cardiology cases performed at 40 hospitals around the country,...
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