TABLE OF CONTENTS
EUROPEAN MARKETS FOR DRUG-ELUTING AND BARE METAL STENTS 2009
(15 COUNTRIES)...................................................................................................................I
IDATA_EUDES09_RPT........................................................................................................I
TABLE OF CONTENTS..................................................................................................... II
LIST OF FIGURES...............................................................................................................V
LIST OF CHARTS............................................................................................................ VII
RESEARCH METHODOLOGY......................................................................................... 9
1.1 RESEARCH SCOPE ......................................................................................................... 9
1.2 IDATA’S 9-STEP METHODOLOGY ................................................................................. 9
Step 1: Project Initiation & Team Selection ............................................................... 10
Step 2: Prepare Data Systems and Perform Secondary Research.............................. 11
Step 3: Preparation for Interviews & Questionnaire Design ..................................... 12
Step 4: Performing Primary Research........................................................................ 13
Step 5: Research Analysis: Establishing Baseline Estimates ..................................... 15
Step 6: Market Forecast and Analysis ........................................................................ 15
Step 7: Identify Strategic Opportunities ..................................................................... 17
Step 8: Final Review and Market Release .................................................................. 18
Step 9: Customer Feedback and Market Monitoring.................................................. 19
EUROPEAN MARKET FOR INTERVENTIONAL CARDIOLOGY DEVICES....... 20
2.1 INTRODUCTION ........................................................................................................... 20
2.2 CURRENCY EXCHANGE RATES ................................................................................... 21
2.3 EFFECTS OF THE ECONOMIC CRISIS............................................................................ 22
COUNTRY PROFILES...................................................................................................... 23
3.1 INTRODUCTION ........................................................................................................... 23
Table of Contents
iii
3.1.1 Population............................................................................................................. 23
3.1.2 GDP per Capita .................................................................................................... 23
3.1.3 PCI and DES Penetration Rates ........................................................................... 23
3.1.4 Price Index............................................................................................................ 24
3.2 GERMANY................................................................................................................... 25
3.3 FRANCE....................................................................................................................... 26
3.4 UNITED KINGDOM ...................................................................................................... 27
3.5 ITALY .......................................................................................................................... 28
3.6 SPAIN .......................................................................................................................... 29
3.7 BENELUX .................................................................................................................... 30
3.8 SCANDINAVIA ............................................................................................................. 31
3.9 PORTUGAL .................................................................................................................. 32
3.10 AUSTRIA ................................................................................................................... 33
3.11 SWITZERLAND........................................................................................................... 34
BARE-METAL AND DRUG-ELUTING STENTS.......................................................... 35
4.1 INTRODUCTION ........................................................................................................... 35
4.2 OVERVIEW OF THE MARKET....................................................................................... 37
4.2.1 Total Coronary Stent Market................................................................................ 37
4.2.2 Bare-Metal versus Drug-Eluting Stents................................................................ 42
4.3 MARKET ANALYSIS AND FORECAST .......................................................................... 45
4.3.1 Bare-Metal Stent Market ...................................................................................... 45
4.3.1.1 Market Analysis and Forecast .........................................................................45
4.3.1.2 Bare-Metal Stent Market Drivers ....................................................................50
4.3.1.3 Bare-Metal Stent Market Limiters ...................................................................50
4.3.1.4 Bare-Metal Stent Competitive Analysis ...........................................................52
4.3.2 Drug-Eluting Stent Market ................................................................................... 55
4.3.2.1 Market Analysis and Forecast .........................................................................55
4.3.2.2 Drug-Eluting Stent Market Drivers .................................................................59
4.3.2.3 Drug-Eluting Stent Market Limiters ................................................................59
4.3.2.4 Drug-Eluting Stent Competitive Analysis ........................................................62
4.3.3 Stents in Development........................................................................................... 66
4.3.3.1 Bioabsorbable Stents .......................................................................................67
4.3.3.2 Bifurcated Stents..............................................................................................70
Table of Contents
iv
ABBREVIATIONS.............................................................................................................. 73
List of Figures
v
LIST OF FIGURES
RESEARCH METHODOLOGY............................................................................ 9
EUROPEAN MARKET FOR INTERVENTIONAL CARDIOLOGY DEVICES.... 20
Figure 2-1: Exchange Rates for the Euro (€), 2008.............................................. 21
COUNTRY PROFILES ...................................................................................... 23
Figure 3-1: Country Indicators, 2008 .................................................................. 24
BARE-METAL AND DRUG-ELUTING STENTS............................................... 35
Figure 4-1: Market for Coronary Stents by Type, Europe, 2005 – 2015 (€) .......... 38
Figure 4-2: Market for Coronary Stents by Type, Europe, 2005 – 2015 (US$)...... 38
Figure 4-3: Market for Coronary Stents by Country, Europe, 2005 – 2015 (€)...... 40
Figure 4-4: Market for Coronary Stents by Country, Europe, 2005 – 2015 (US$) . 41
Figure 4-5: Penetration Rate for Coronary Stents by Type, Units Sold, Europe,
2005 – 2015................................................................................................... 42
Figure 4-6: DES Penetration by Country, Europe, 2005 – 2015 ........................... 43
Figure 4-7: Market for Bare-Metal Stents by Country, Europe, 2005 – 2015 (€)... 47
Figure 4-8: Market for Bare-Metal Stents by Country, Europe, 2005 – 2015 (US$)48
Figure 4-9: Market Drivers and Limiters, Market for Bare-Metal Stents, Europe,
2008 .............................................................................................................. 51
Figure 4-10: Leading Competitors, Market for Bare-Metal Stents, Europe, 2008.. 53
Figure 4-11: Market for Drug-Eluting Stents by Country, Europe, 2005 – 2015 (€)56
Figure 4-12: Market for Drug-Eluting Stents by Country, Europe, 2005 – 2015
(US$) ............................................................................................................ 57
Figure 4-13: Market Drivers and Limiters, Market for Drug-Eluting Stents,
Europe, 2008 ................................................................................................. 61
Figure 4-14: Leading Competitors, Market for Drug-Eluting Stents, Europe, 200864
Figure 4-15: Coronary Stent Platforms in Development, 2008 ............................. 66
Figure 4-16: Potential Market for Bioabsorbable Stents, Europe, 2010 – 2015 (€) 68
Figure 4-17: Potential Market for Bioabsorbable Stents, Europe, 2010 – 2015
(US$) ............................................................................................................ 68
List of Figures
vi
Figure 4-18: Potential Market for Bifurcated Stents, Europe, 2010 – 2015 (€) ..... 71
Figure 4-19: Potential Market for Bifurcated Stents, Europe, 2010 – 2015 (US$) . 71
ABBREVIATIONS ............................................................................................ 73
List of Charts
vii
LIST OF CHART S
RESEARCH METHODOLOGY............................................................................ 9
EUROPEAN MARKET FOR INTERVENTIONAL CARDIOLOGY DEVICES.... 20
COUNTRY PROFILES ...................................................................................... 23
Chart 3-1: German Price Index, DES Penetration, Population, GDP per Capita,
and PCI Penetration Rate, 2008 ...................................................................... 25
Chart 3-2: French Price Index, DES Penetration, Population, GDP per Capita,
and PCI Penetration Rate, 2008 ...................................................................... 26
Chart 3-3: The U.K. Price Index, DES Penetration, Population, GDP per Capita,
and PCI Penetration Rate, 2008 ...................................................................... 27
Chart 3-4: Italian Price Index, DES Penetration, Population, GDP per Capita, and
PCI Penetration Rate, 2008 ............................................................................ 28
Chart 3-5: Spanish Price Index, DES Penetration, Population, GDP per Capita,
and PCI Penetration Rate, 2008 ...................................................................... 29
Chart 3-6: Beneluxian Price Index, DES Penetration, Population, GDP per
Capita, and PCI Penetration Rate, 2008 .......................................................... 30
Chart 3-7: Scandinavian Price Index, DES Penetration, Population, GDP per
Capita, and PCI Penetration Rate, 2008 .......................................................... 31
Chart 3-8: Portuguese Price Index, DES Penetration, Population, GDP per
Capita, and PCI Penetration Rate, 2008 .......................................................... 32
Chart 3-9: Austrian Price Index, DES Penetration, Population, GDP per Capita,
and PCI Penetration Rate, 2008 ...................................................................... 33
Chart 3-10: Swiss Price Index, DES Penetration, Population, GDP per Capita,
and PCI Penetration Rate, 2008 ...................................................................... 34
BARE-METAL AND DRUG-ELUTING STENTS............................................... 35
Chart 4-1: Market for Coronary Stents by Type, Europe, 2005 – 2015 (€)............ 39
Chart 4-2: Penetration Rate for Coronary Stents by Type, Units Sold, Europe,
2005 – 2015................................................................................................... 44
Chart 4-3: Market for Bare-Metal Stents, Europe, 2005 – 2015 (€) ...................... 49
List of Charts
viii
Chart 4-4: Leading Competitors, Market for Bare-Metal Stents, Europe, 2008 ..... 54
Chart 4-5: Market for Drug-Eluting Stents, Europe, 2005 – 2015 (€) ................... 58
Chart 4-6: Leading Competitors, Market for Drug-Eluting Stents, Europe, 2008 .. 65
Chart 4-7: Penetration Rate for Bioabsorbable Stents, Europe, 2010 – 2015......... 69
Chart 4-8: Penetration Rate for Bifurcated Stents, Europe, 2010 – 2015 .............. 72
ABBREVIATIONS ............................................................................................ 73