Waltham, MA (PRWEB) May 29, 2006 -- Millennium Research Group, the global authority on medical technology market intelligence, reports that revenues for the U.S. heart valve device market will exceed $700 million by 2010. According to the new report entitled, US Markets for Heart Valve Devices 2006, percutaneous heart valve therapy technology is becoming one of the most intense areas of research in the cardiovascular device industry and will invigorate the heart valve device market.
«The emergence of novel heart valve technologies, including percutaneous mitral valve repair in 2008 and percutaneous aortic valve replacement in 2010, will drive market growth by enabling the treatment of patients previously deemed unfit for open-heart surgery,» said David Gardner, a senior analyst with Millennium Research Group. «The rising incidence of cardiovascular disease in the elderly population and the increasing acceptance of minimally invasive surgical techniques will cause the U.S. heart valve market to experience robust growth.»
Millennium Research Group's US Markets for Heart Valve Devices 2006 report covers various key industry competitors, such as ATS Medical (ATSI), CarboMedics (a Sorin Group company), Edwards Lifesciences (EW), Medtronic (MDT), and St. Jude Medical (SJM).
About Heart Valves
Heart valve disease is a life-threatening illness affecting millions of individuals in the U.S.. While valve replacement continues to be the «gold standard» of treatment, valve repair, where possible, is becoming a preferred method of treatment for early intervention into valve disease because it preserves the native valve apparatus and improves a patient's long-term outcomes.
About Millennium Research Group
Millennium Research Group (www.MRG.net) is a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
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