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CARDIOVASCULAR DIAGNOSTICS
A KALORAMA INFORMATION MARKET INTELLIGENCE REPORT
The Cardiovascular Diagnostics Market has been prepared by Kalorama
Information. We serve business and industrial clients in the United States and abroad
with a complete line of information services and research publications.
Kalorama Information Market Intelligence Reports are specifically designed to aid
the action-oriented executive by providing a thorough presentation of essential data
and concise analysis.
Author:
Mountaintop Medical
Table of Contents
ii
C
Table of Contents
iii
Pulmonary Stenosis..................................................................................................... 30
Aortic Stenosis ............................................................................................................ 30
Coarctation of the Aorta ............................................................................................. 30
Patent Ductus Arteriosus ............................................................................................ 30
Truncus Arteriosus ...................................................................................................... 31
Transposition of the Great Arteries ............................................................................ 31
Tricuspid Atresia......................................................................................................... 31
Congestive Heart Failure................................................................................................. 32
Etiology ....................................................................................................................... 32
Diagnostic Tests .......................................................................................................... 32
Cardiac Dysrhythmias ..................................................................................................... 33
Diagnostic Tests .......................................................................................................... 33
Hypertension ................................................................................................................... 33
Risk Factors ................................................................................................................ 34
Effects of High Blood Pressure ................................................................................... 35
Table of Contents
iv
Table of Contents
v
Hitachi Medical Systems America, Inc. ......................................................................... 113
Johnson & Johnson ......................................................................................................... 114
Company Overview ................................................................................................... 114
Products .................................................................................................................... 115
King Pharmaceuticals ..................................................................................................... 116
Lantheus Medical Imaging ............................................................................................. 117
LipoScience, Inc ............................................................................................................... 119
Company Overview ................................................................................................... 119
Products .................................................................................................................... 119
Medison America, Inc. .................................................................................................... 120
Molecular Insight Pharmaceuticals, Inc. ....................................................................... 122
Nanosphere, Inc. .............................................................................................................. 124
Company Overview ................................................................................................... 124
Products .................................................................................................................... 124
PerkinElmer ..................................................................................................................... 125
Philips Healthcare ........................................................................................................... 126
Company Overview ................................................................................................... 126
Products and Services ............................................................................................... 127
Locations................................................................................................................... 128
Roche Diagnostics US (Div of Roche) ............................................................................ 129
Company Overview ................................................................................................... 129
Products .................................................................................................................... 129
Locations................................................................................................................... 130
Shimadzu Corp ................................................................................................................ 131
Siemens Medical Solutions.............................................................................................. 132
Company Overview ................................................................................................... 132
Products and Services ............................................................................................... 132
St. Jude Medical .............................................................................................................. 134
Company Overview ................................................................................................... 134
Products .................................................................................................................... 135
Terumo Medical Corporation ........................................................................................ 136
TomTec Imaging Systems GmbH .................................................................................. 137
Toshiba America Medical Systems, Inc ......................................................................... 139
Company Overview ................................................................................................... 139
Products and Services ............................................................................................... 139
Trixell ............................................................................................................................... 142
Vascular Solutions ........................................................................................................... 144
Vermillion, Inc ................................................................................................................. 146
Company Overview ................................................................................................... 146
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in whole or in any part, is strictly prohibited
Table of Contents
vi
Products ................................................................................................................... 146
Volcano Corp ................................................................................................................... 147
Company Overview .................................................................................................. 147
Products ................................................................................................................... 147
Locations .................................................................................................................. 148
List of Exhibits
ix
List of Exhibits
x
Figure 9-6 ......................................................................................................................... 160
Global Cardiac Diagnostics Market Revenues by Region 2017 ($millions) ................ 160
Figure 9-7 ......................................................................................................................... 161
Global Cardiac Diagnostics by Region Percent 2017 (%) ............................................ 161
Table 9-6 .......................................................................................................................... 162
Estimated Global Cardiac Diagnostics Manufacturer Market Share 2012 .................. 162
Figure 9-8 ......................................................................................................................... 163
Estimated Global Cardiac Diagnostics Revenues and Market Share 2012 .................. 163
APPENDIX ...............................................................................................................185
Executive Summary
INDUSTRY AT A GLANCE
Economic conditions in several markets within the global cardiac
diagnostics market remained challenging in 2012. Demand for cardiovascular
diagnostics slowed during the historical period due to a weakened global economy,
cost cutting measures and healthcare reform issues. However, demographics
worldwide and an aging world society remain primary factors in growth. By 2020,
16 percent of the US population will be over the age of 65, up from 13% in 2010.
People are also living longer, needing more health care, further fueling the market.
In 1980, the US life expectancy at birth was 74 years, today the average American
lives to be 78 years old.
Advancing technologies have also led to increased use of less invasive and
more sophisticated cardiac diagnostics. A trend toward preventive care involving
risk factor knowledge and earlier treatment of cardiovascular disease has been a
driving factor.
There are five categories of cardiac diagnostics that Kalorama assessed in
this market. These include:
x
ECG
Cardiac Markers
Cardiac diagnostic imaging is the largest category within the global cardiac
diagnostic market with 50.5% of the total revenues.
Cardiac contrast agents and radiopharmaceuticals accounted for 20.8% of
revenues in 2012 and cardiac markers accounted for 14.3% of revenues. Growth in
these two areas has been growing.
ECG equipment accounted for 8.4% of revenues in 2012 and is expected to
continue to increase as the elderly population grows and the incidence of heart
disease continues to increase.
Overall, increasing incidence of heart disease and an aging population,
which typically require more diagnostic procedures, will continue to fuel growth for
cardiac diagnostics throughout the forecast period.
The economic recession had a significant impact on the cardiac diagnostics
market, which experienced falling sales in key geographies. The difficulties were
mostly felt on the high-end imaging equipment segment after many health care
institutions delayed or outright cancelled equipment purchases. There also was a
concurrent decline in patient numbers as people skipped or deferred scans because
they lost jobs and health insurance coverage, or because of the high out-of-pocket
costs associated with cardiac imaging. Some growth in the market is attributed to
the continuous improvements in image quality, and to newer techniques for imaging
specific portions of the heart.
Growth rates in the United States, Europe and Japan have moderated due to
budgetary constraints, changes in reimbursement and a global economic slowdown.
However, in Rest of World markets spending on healthcare is increasing and there
is an increasing demand for medical technologies. This is especially apparent for
China, India, Latin America, the Middle East, and Brazil.
Cardiac markers
All market data pertains to the world market at the manufacturers level.
Revenues represent sales of diagnostics that pertain to the cardiovascular arena.
The base year for data was 2012. Historical data was provided for the years 2010
and 2011, with forecast data provided for 2012 through 2017. Compound annual
growth rates (CAGRs) are provided for the 2010-2012 and 2012-2017 periods for
each region and/or segment covered. Competitive analysis is provided for the year
2012. The forecasted market analysis for 2012-2017 was largely based on
demographic trends, new developments, company performance trends, merger and
acquisitions, and national expansion.
Revenues (millions$)
12,392.0
12,736.0
13,176.0
13,701.0
14,298.5
14,987.3
15,762.0
16,632.0
Percent Change
2.8%
335%
4.0%
4.4%
4.8%
5.2%
5.5%
2010-2012
2010-2017
2010-2017
3.1%
4.8%
4.3%
Summary Figure
$18,000
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
2010
2011
2012
2013
2014
2015
Calendar Year
Source: Kalorama Information
2016
World Demographics
Aging Population
Bracco SpA
Cardinal Health
CardioDX
C.R. Bard
Danaher Corporation
dpiX
FluoroPharma Medical
GE Healthcare
Hitachi Medical Systems
Johnson & Johnson
King Pharmaceuticals
Lantheus Medical Imaging
LipoScience
Medison America
Molecular Insight Pharmaceuticals
Nanosphere
PerkinElmer
Philips Healthcare
Roche Diagnostics
Shimadzu
Siemens
St Jude Medical
Terumo Medical
TomTec Imaging Systems
Toshiba
Trixell
Vascular Solutions
Vermillion
Volcano
Industry Overview
INTRODUCTION
The primary function of the heart is to propel blood through the vessels of
the circulatory system. Along with the lungs, the heart works to distribute
oxygenated blood and nutrients to tissues and organs of the body.
Cardiovascular Anatomy
Heart
The heart is located in the mediastinum, suspended between the lungs,
behind the sternum, and in front of the vertebral column, thoracic aorta, and
esophagus. When seen from the front, the heart appears to be rotated to the left, so
that the right atrium and right ventricle are most anterior. The base of the heart
protrudes somewhat into the right side of the chest and is relatively fixed in place
by its attachments to the great vessels. The apex of the heart lies primarily in the left
anterior chest wall. With each heartbeat, a characteristic thrust, or point of maximal
impulse (PMI), is generated and can be palpated where the apex strikes against the
chest. The PMI is normally located on the left side of the chest where the fifth
intercostal space and midclavicular line intersect. Variations in heart size and
position within the chest may be related to age, body size, shape, weight, or
pathologic conditions of the heart and other nearby structures.
Left and right circulations are connected in series such that the output of one
becomes the input of the other. Thus, the functions of the right and left sides of the
heart are interdependent. Failure of one side of the heart pump efficiently will soon
lead to dysfunction of the other side.
Characteristic changes in the anatomy and physiology of the heart and
circulatory systems occur with aging. In general, these changes result in a decreased
cardiac reserve and it greater predisposition to cardiac muscle ischemia.
Cardiac Cycle
Each heartbeat is composed of a period of ventricular contraction (systole)
followed by a period of relaxation (diastole). The interval from one heartbeat to the
next is called the cardiac cycle and includes ventricular, atrial, and aortic events.
Each of these events is associated with characteristic pressure changes within the
cardiac chambers. Pressure changes result in valvular opening and closing and
unidirectional movement of blood through the heart. Abnormalities in these
waveforms may occur with valvular disease, changes in blood volume, or pumping
capacity of the heart. These waveforms are commonly monitored with specialized
cardiac catheters in patients with cardiac or hemodynamic disorders.
The cardiac cycle can be described sequentially, beginning with the
ventricular filling. During diastole the ventricles are relaxed and blood flows in
from the atria through open AV valves. Initially, ventricular filling occurs passively
because of a pressure gradient between the atria and ventricles. Toward the end of
ventricular diastole, the atria contract squeezing more blood through the AV valves
into the ventricles. Atrial contraction increases the ventricular blood volume by
20% to 30%. This atrial kick is particularly important during fast heart rates, when
the time for ventricular filling is shortened. Ventricular events include isovolumic
contraction, ejection, and isovolumic relaxation.
Atrial pressure waves have three characteristic curves, the a, c, and v
waves. The a wave corresponds to atrial contraction, which immediately precedes
AV valve closure. The c wave occurs early in ventricular systole and is thought to
represent bulging of AV valves into the atrial chambers. The v waves have a
gradual incline, which represents filling of the atrium as blood returns from the
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suffering acute coronary occlusions. Most of the hearts capillary beds drain into the
coronary veins, which then empty into the right atrium through the coronary sinus.
Blood flow through coronary vessels is determined by the same physical
principles that govern flow to other vessels of the body, namely, driving pressure
and vascular resistance to flow. Driving pressure through the coronary arteries is
determined by aortic blood pressure and right atrial pressure.
Coronary vascular resistance has two major determinants: (1) coronary
artery diameter and (2) the degree of extra compression due to myocardial
contraction. Coronary artery diameter is continuously adjusted to maintain blood
flow at a level adequate for myocardial demands. Autoregulation is the term used to
describe the intrinsic ability of the arteries to adjust blood flow according to tissue
needs. Vasodilation occurs in response to increased tissue metabolism, whereas
decreased metabolic activity results in a decreased vessel diameter.
The mechanism of autoregulation can be explained by the metabolic
hypothesis, which proposes that increase metabolism results in a buildup of
vasodilatory chemicals in the vessel. Smooth muscle circling the vessel relaxes in
response to the presence of the chemicals increasing vessel diameter. Several
vasodilation substances have been proposed, including potassium ions, hydrogen
ions, carbon dioxide, nitric oxide, prostaglandins, and adenosine. The endothelial
cells that line vessels are known to secrete a variety of relaxing and constricting
factors, many of which have not yet been identified. An increase in the level of
adenosine is currently believed to be the chief vasodilatory chemicals. Low level of
oxygen in the blood also may cause vasodilation. Whatever their identity the
vasodilatory substances are washed away as blood flow increases in response to
increased vessel diameter. A declining level of vasodilatory chemicals results in
vasoconstriction. Thus, vessel diameter is continuously adjusted according to
concentrations of vasodilatory chemicals, which are directly related to the tissues
metabolic activity.
An ATP-sensitive potassium channel has been implicated in the regulation
of coronary blood flow. Concentration of ATP in vascular smooth muscle regulates
a specific K+ channel. As ATP levels rise in response to increase coronary flow, the
channel closes, making it easier to depolarize the cell and contract vascular smooth
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Cardiac Myocytes
Cardiac muscle cells are divided into two general types: working cells,
which have primarily mechanical pumping functions, and electrical cells, which
primarily transmit electrical impulses. Both types are excitable: they are able to
produce and transmit action potentials. Working myocardial cells are packed with
contractile filaments and make up the bulk of the arterial and ventricle muscle.
Electrical cells function to initiate and coordinate contraction of the working cells.
Microscopic inspection of the cardiac myocytes reveals a typical pattern of
banding called striation. This striated appearance is due to an organized structure of
the proteins of the contractile apparatus. The contractile proteins, actin and myosin,
are called filaments because they are long and narrow. Myosin filaments are larger
and referred to as thick filaments. Thin filaments are actually composed of three
different types of protein bundled together. Actin is the primary constituent of thin
filaments, with smaller amounts of the proteins tropomyosin and troponin bound to
it.
The thick and thin filaments are specifically arranged in contractile units
called sarcomeres. Sarcomeres are defined by dark bands called Z disks, which lie
perpendicular to actin and myosin filaments.
Molecular Contraction
The hearts pumping action is accomplished by the contractions of the many
myocytes that form the cardiac chambers. Because each myocyte contributes only a
small amount to overall muscle shortening, all cells of the chamber must shorten
simultaneously to produce a forceful contraction. The specialized cells of the
conduction system function to stimulate myocardial contraction in a coordinated
way. An action potential traveling down the conduction system is the usual trigger
for contraction. Cardiac myocyte depolarization causes ion channels in the plasma
membrane and T tubules to open, permitting sodium and calcium entry and release
of calcium from the sarcoplasmic reticulum. The presence of free calcium in the
sarcoplasmic reticulum results in contraction. These events describe the process of
excitation-contraction coupling.
rest when ATP supplies dwindle, it is essential that a steady flow of oxygen be
provided.
Factors that decreased myocardial oxygen supply or increased myocardial
oxygen demand can upset the balance and result in cellular ischemia. Thats the
critical factors in meeting cellular demands for oxygen are (1) the rate of coronary
perfusion and (2) myocardial workload. Coronary perfusion can be impaired in
several ways, including (1) large, stable atherosclerotic plaque, (2) acute platelet
aggregation and thrombosis, (3) vasospasm, (4) failure of autoregulation by the
microcirculation, and (5) poor perfusion pressure.
Myocardial workload depends on heart rate, preload, after load, and an
increase in any of these variables increases myocardial oxygen requirements and
may precipitate ischemia. However, even conditions resulting in very high
myocardial oxygen consumption will seldom lead to ischemia unless some
underlying impairment in coronary perfusion is present.
One or more of the aforementioned mechanisms are operative in producing
clinically significant myocardial ischemia resulting in the syndromes of MI,
ischemic cardiomyopathy, and sudden cardiac death.
Atherosclerosis
Knowledge about mechanisms of plaque formation in the coronary arteries
has rapidly accumulated in recent years. Epidemiologic studies reported in the
1960s suggested associations among certain traits and habits and the development
of coronary heart disease. More recent studies have confirmed and expanded upon
these risk factors which now include age, family history, hyperlipidemia, cigarette
smoking, hypertension, diabetes, and obesity. Although males and females succumb
to heart disease in equal numbers, male gender is a risk factor for earlier
development of heart disease (on average about 10 years earlier). The risk factors
for coronary heart disease are the same as those for atherosclerosis in other arteries.
The observation that atherosclerotic plaque is composed primarily of lipid
prompted the idea that abnormal lipid metabolism was a probable culprit in the
development of coronary heart disease. Lipids may accumulate in the arterial wall
for many reasons, including vessel trauma, inflammation, and infection. A great
deal of evidence supports the idea that hyperlipidemia is a major factor promoting
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vessels. Surprisingly, the extent and severity of atherosclerotic lesions are not good
predictors of the severity of ischemia.
The American Heart Association system for classification of coronary
lesions is helpful in understanding the types of coronary lesions that have been
characterized and attempts made to correlate the anatomic descriptions with plaque
development and behavior. In general, plaque is thought to progress sequentially
from type I through type VI, although the more advanced stages may not develop in
some individuals. Types IV, V, and VI are considered to be advanced lesions and
may cause the clinical syndromes of ischemia, including angina, infarction,
ischemic cardiomyopathy and sudden cardiac death.
Type I, II, and III lesions are silent precursors to the deadly processes of
advanced plaque formation. Type I and II lesions are present in childhood. Type I
lesions are characterized by the accumulation of lipids within macrophages located
in the intimal layer of the coronary artery. These lipid-laden macrophages are called
foam cells. In childhood, foam cells tend to reside in the areas of adaptive arterial
thickening-such as occurs at arterial branch points. In persons with hyperlipidemia,
foam cells may accumulate in other arterial regions. Type I lesions are present in
about 50% of infants at eight months of age. Foam cells are few and scattered in
type I lesions and are not visible to the unaided eye.
Type II lesions are also composed primarily of macrophage foam cells, but
they are more numerous and begin to coalesce. In addition, intimal smooth muscle
cells also begin to accumulate intracellular lipids. Nearly all the lipid in the arterial
wall at this stage is still confined to the intracellular compartment. Type II lesions
are visible on gross inspection and appear as yellowish fatty streaks or spots. In the
early 1900s when early childhood mentality was high, autopsy studies revealed that
type II lesions were initiated at early stages. Type II lesions were not seen before
age 9 years and became prevalent at puberty. The incidence of type II lesions was
noted to increase with age, being present in 30% of nine-year-olds, 60% of 10-to
14-year-olds and 75% of 15-to 19-year-olds.
Type III lesions are considered to be links between the nearly universal and
asymptomatic type I and II lesions and the pathologic forms of advanced lesions.
The main histologic difference between type II and III lesions is that extracellular
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lipid droplets begin to accumulate in the matrix. However, the lipids have not yet
formed a pocket as occurs in type IV lesions. Type III lesions, like types I and II,
are asymptomatic.
Advanced lesions include types IV, V, and VI and carry a significant risk of
producing disruptions in coronary blood flow. Type IV lesions contain a large
amount of free lipid that forms a pocket in the intima just under the layer of
macrophage foam cells. Lipids forming the core are derived primarily from plasma,
and elevated serum cholesterol is a major factor in lesion progression from type III
to Type IV. Lesions do not protrude into the arterial lumen, but they are prone to
rupture and precipitate thrombus formation at the site. Acute thrombus formation
can suddenly occlude the artery resulting in cardiac ischemia. If the thrombus is
small, it may not occlude the artery lumen but may instead become incorporated
into the lesion and cause it to enlarge into a more advanced type. Type IV lesions
are of special interest because they may be more responsive to lipid-lowering
strategies than are the more dense lesions.
Type V lesions are characterized by the inclusion of fibrous connective
tissue within the plaque. The fibrous tissue forms a cap on the plaque that may
make it more stable and less prone to rupture than type for lesions the appearance of
type V morphology heralds the onset of progressive narrowing of the arterial lumen.
Over time, smooth muscle cells in the intima proliferate and fibrous connective
tissue expands into the lumen. Type V lesions are also prone to disruptions in the
plaque surface leading to intraplaque hemorrhage and thrombus formation.
When a type IV or type V lesion is complicated by plaque disruption and
thrombus formation, it is then classified as a type VI lesion. Type IV, V, and VI
lesions are responsible for the clinical syndromes of ischemia associated with
coronary heart disease.
Angina Pectoris
Angina pectoris is characterized by chest pain associated with intermittent
myocardial ischemia. The link in the severity of the myocardial ischemia is
insufficient to result in the death of cells. Bouts of chest pain and associated
symptoms are generally recurrent and may be precipitated by conditions that
increase myocardial oxygen demand such as exercise, stress, sympathetic nervous
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system activation, and increase preload, after load, heart rate, or muscle mass.
Ischemic pain receptors from the myocardium travel to the central nervous system
with the eighth cervical and the first through fourth thoracic dorsal root ganglia.
Sensory neurons from the jaw, neck, and arm also travel in these nerve trunks, so
heart pain may be perceived as emanating from these body parts. This phenomenon
is called referred pain. Anginal pain may be described as burning, crushing,
squeezing, or choking. Pain is sometimes represented by expressions such as an
elephant is sitting on my chest or by the patient placing a tight fist on the chest.
Anginal pain may be mistakenly attributed to indigestion or dental pain.
Anginal ischemia, although temporary, may result in insufficient cardiac
pumping with resultant pulmonary congestion and shortness of breath. Three
patterns of angina pectoris have been described: stable or typical angina, Prinsmetal
or variant angina, and unstable or crescendo angina. All these patterns are
associated with underlying coronary vessel disease and may be exhibited in a
particular individual at different times and under different conditions.
Acute Ischemia and Myocardial Infarction Chronic
Unstable angina and MI are difficult to distinguish on the basis of clinical
manifestations. Both are characterized by chest pain that may be more severe and
last longer than the patients typical angina. In both cases, plaque rupture with
subsequent acute thrombus development is thought to occur. In unstable angina, the
occlusion is partial when the clot is broken down before the death of the myocardial
tissue. In MI, the occlusion is complete and the thrombus persists long enough for
development of irreversible damage to myocardial cells. In the past, differentiation
of unstable angina and MI was based on laboratory evaluation of serum enzyme
levels such as MB band of creatine kinase (CK-MB), lactate dehydrogenase (LDH).
If cardiac enzymes were elevated which is indicative of necrosis, a diagnosis of MI
was made; if not a diagnosis of unstable angina was appropriate.
Two types of MI have been described, each having different morphology
and clinical significance. A transmural infarct involves the entire thickness of the
ventricular wall and is the more serious of the two types. It is also more common. A
nonQ wave infarct affects only the inner third to half of the ventricular wall and
is generally associated with less severe symptoms. These lesions are not exclusive:
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a non--Q wave MI can extend across the ventricular wall to become a transmural
MI under certain circumstances.
Chronic Ischemic Cardiomyopathy
Chronic ischemic cardiomyopathy refers to a disorder in which heart failure
develops insidiously as a consequence of progressive ischemic myocardial damage.
In most cases, individuals affected have a history of angina or MI, often many years
before the onset of heart failure. Heart failure appears to be a consequence of slow,
progressive atrophy or death of myocytes from chronic ischemia. The disease is
usually found in elderly individuals. Atrophic and dead cells are scattered
throughout the myocardium rather than being localized, as occurs with MI. The
prognosis for patients with chronic ischemic cardiomyopathy is quite poor, with
death from congestive heart failure the common outcome.
Sudden Cardiac Death
Sudden cardiac death is usually defined as unexpected death from cardiac
causes within one hour of the onset of symptoms. Ischemic heart disease is at the
root of the vast majority of cases of sudden cardiac death. Rarely, sudden cardiac
death may be a complication of hereditary or required structural or electrical
abnormalities. It is estimated that 300,000 to 400,000 individuals die each year in
the United States of sudden cardiac death. It is most often associated with coronary
atherosclerosis and may be the initial manifestation of the disease. MI occurs in
only a small subset of cases of sudden cardiac death. A lethal dysrhythmia such as
asystole or ventricular fibrillation is usually the primary cause of death. Ischemia
from multi-vessel atherosclerosis, diffuse myocardial atrophy, scarring and fibrous
of old MI tissue, and electrolyte imbalances are factors that may predispose the
heart to the electrical abnormalities that lead to sudden cardiac death
Diagnostic Tests
The diagnosis of ischemic heart disease is frequently made on the basis of
the patients history. Diagnosis of angina may also be facilitated by ECG, Holter
monitor, coronary angiography, and stress testing.
congenital bicuspid aortic valve. Aortic calcifications build up over several decades
and generally become clinically apparent in individuals 70 to 90 years old.
Rheumatic heart disease on the other hand, occurs primarily in children and young
adults and now accounts for only a small percentage of cases of aortic stenosis.
Causes of aortic regurgitation are similar to those of mitral regurgitation
Rheumatic Heart Disease
Rheumatic heart disease is an uncommon but serious consequence of
rheumatic fever. The incidence of rheumatic fever has steadily declined in the
United States, but the disease still affects an estimated 15,000,000 to 20,000,000
people a year worldwide. Rheumatic fever is an acute inflammatory disease that
follows infection with group A B-hemolytic streptococci. Damages are due to
immune attack on the individuals own tissues. For poorly understood reasons,
antibodies against the streptococcal androgens are also directed against self-tissues,
possibly because of autoimmune phenomena or cross-reactivity between
streptococcal androgens and certain tissue molecules. It is unknown why some
individuals experience progressive tissue damage and others suffer no lasting
consequences. The genetic predisposition to heightened immune responsiveness has
been suggested.
The acute infection occurs primarily in children and is accompanied by
fever and sore throat. In only 3% of children with pharyngeal streptococcal
infection does rheumatic fever eventually develop. Rheumatic heart disease
develops in 50% to 75% of children and 35% of adults with rheumatic fever.
Endocarditis
Infective endocarditis is caused by invasion and colonization of endocardial
structures of microorganisms with resulting inflammation. A variety of organisms
are known to have an affinity for the endocardium and for the cardiac valves in
particular. Valvular lesions include growth of microorganisms enmeshed in fibrin
deposits. These growths are called vegetations and may become quite large and
interfere with valvular function and are predisposed to embolus formation. The
most common bacterial culprits are several strains of streptococci and
Staphylococcus aureus.
Diagnostic Tests
Four major diagnostic tests are used to determine the presence of valvular
heart disease: chest x-ray, ECG, echocardiogram and cardiac catheterization
Pericardial Diseases
Pericardial disorders are rarely isolated processes of primary etiology;
rather, they are sequelae of other disorders such as systemic infection, trauma,
metabolic derangement, or neoplasia. Despite the diversity of cognitive factors,
pericardial involvement is generally manifested as an accumulation of fluid in the
pericardial sac or inflammation of pericardial structures.
Pericardial Effusion
An accumulation of noninflammatory fluid in the pericardial sac is called
pericardial effusion. Normally the pericardial space contains only 30 to 50 mL of
sand, clear fluid. Under pathologic conditions, as much as 500 mL may accumulate.
The accumulation of the pericardial fluid is generally without clinical significance
except as an indicator of underlying disease processes. However if the fluid
accumulation is large or occurs suddenly, the life-threatening condition of cardiac
tamponade may develop. Tamponade refers to external compression of the heart
chambers such that feeling is impaired. Signs and symptoms of cardiac tamponade
include reduced stroke volume and compensatory increases in heart rate. Systemic
venous congestion occurs because blood is prevented from entering the compressed
heart by way of the superior and inferior vena cava.
Pericarditis
Inflammation of the pericardium originates from a variety of causes. Rarely
is the pericardium the primary site of disease. Pericarditis is often categorized into
acute and chronic forms; however, these forms are morphologically and
etiologically similar. Chronic pericarditis refers to a healed stage of the acute form
which results in chronic pericardial dysfunction.
Myocardial Diseases
Myocardial diseases consist of myocarditis and cardiomyopathy.
Myocarditis is an inflammatory disorder of the heart muscle characterized by
necrosis and degeneration of heart muscle cells. Cardiomyopathy includes several
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disorders of the heart muscle that may be genetic or acquired but are
noninflammatory.
Myocarditis
Myocarditis is characterized by inflammation, leukocyte infiltration and
necrosis of cardiac muscle cells. Causes of myocarditis are many and include
microbial agents, several forms of immune-mediated disease, and several physical
agents. The true incidence of myocarditis is unknown because the diagnosis relies
largely on circumstantial evidence.
Cardiomyopathy
Cardiomyopathy is variously defined by different groups. The World Health
Organization simply defines cardiomyopathy as a disease of the myocardium
associated with cardiac dysfunction. Others have adopted the terms primary
cardiomyopathy for dysfunction of unknown etiology and secondary
cardiomyopathy for myocardial dysfunction of known etiology. Most definitions of
primary cardiomyopathy exclude hypertensive, ischemic, congenital, valvular,
pericardial, and inflammatory myocardial disorders.
Diagnostic Tests
Although the clinical picture of severe crushing chest pain, diaphoresis, and
apprehension or a sense of impending doom is the classic description of a person
having a myocardial infarction, it by no means describes all infarction patients.
About 15% of myocardial infarctions occur without the characteristic signs and
symptoms and individual variation in the symptoms is to be expected. A variety of
diagnostic tests are used to verify the diagnosis. These tests include blood tests to
detect both nonspecific and specific changes caused by the infarction, ECG and
other procedures such as radionuclide imaging.
Congenital Heart Diseases
Congenital heart diseases are abnormality of the heart that is present from
birth. A wide variety of defects have been identified. Development of the heart
involves a complex orchestration of formation and resorption of structures.
Abnormalities in the development of four important heart structures are at the root
of most of the common heart defects: (1) development of the atrial septum, (2)
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development of the ventricular septum, (3) division of the main outflow tract into
the pulmonary and aortic arteries, and (4) development of the valves.
Atrial Septal Defect
During the third to fifth week of fetal development, the right and left atria
are separated by flaps of tissue that become the atrial septum. The foramen ovale
remains patent during intrauterine life such as blood may pass from the right to the
left atrium and bypass the uninflated and nonfunctional lungs. With birth, however,
the pressure gradient reverses as the lungs inflate and greatly reduce pulmonary
vascular resistance. The higher left-sided pressure forces the flaps shut, and fusion
of the foramen ovale membrane normally occurs. Approximately 90% of atrial
septal defects occur at the location of the foramen ovale. The abnormal septal
opening may be a variable size. Small defects less than 1 cm are well tolerated.
Even larger atrial septal defects may be asymptomatic for many years as long as the
shunt flow is left to right and therefore acyanotic. The long-term increase in
pulmonary blood flow may eventually lead to pulmonary hypertension, right
ventricular hypertrophy, and a reversal of the shunt to the right-to-left pattern.
Ventral Septal Defect
The ventricular septal defect is the most common congenital cardiac
anomaly. It is frequently associated with other cardiac defects such as tetralogy of
Fallot, transposition of the great arteries, and arterial septal defects. The ventricular
septum develops between the fifth and sixth weeks of fetal life as the membrane
derived from the endocardial cushion fuses with the muscular septum.
Approximately 90% of ventricular septal defects are located within the membrane S
septum, very close to the bundle of HIS. As with atrial septal defects, the functional
significance depends largely on the size of the defect. The shunt is initially left to
right because left heart pressures are higher. With the increase in pulmonary blood
flow, pulmonary hypertension and right ventricular hypertrophy may result and
cause a reversal of the shunt. Large ventricular septal defects may be apparent at
birth because of rapidly developing right heart failure and loud systolic murmur.
Large, symptomatic defects in infants or moderate defects in older children are
repaired surgically to avoid progression to pulmonary vascular disease. Small
ventricular septal defects in infants are generally not immediately repaired because
of the tendency to close spontaneously.
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Pulmonary Stenosis
Isolated pulmonary stenosis or atresia is included in the category of
acyanotic defects because they do not themselves result in cyanosis. However, they
often occur in conjunction with other anomalies that allow survival into the neonatal
period. The other defects may allow shunting of blood and resultant cyanosis. In
pulmonary atresia, no communication is found between the right ventricle and the
lungs, so blood must enter the lungs by first traveling through a septal opening and
then through a patent ductus arteriosus. The right ventricle is typically
underdeveloped and the atrial septal defect is large. Pulmonary stenosis can be mild
to severe, depending on the extent of narrowing of the pulmonic valve. Pulmonary
stenosis is usually due to abnormal fusion of the valvular cusps. Right ventricular
hypertrophy occurs secondary to the high ventricular afterload caused by the
narrowed outflow opening. Isolated pulmonary stenosis is easily corrected by
surgery; however, the prognosis depends largely on the help of the right ventricle.
Aortic Stenosis
Congenital aortic atresia is rare and not compatible with survival.
Depending on its severity, aortic stenosis is correctable and associated with a good
prognosis. Aortic stenosis may involve the valvular cusps or the subvalvular fibrous
ring just below the cusps. The narrowed aortic outflow tract results in a high left
ventricular afterload, which causes the left ventricle to hypertrophy. A prominent
systolic murmur is usually apparent. Surgical replacement is the definitive treatment
of the stenosis is severe, progresses, or becomes symptomatic.
Coarctation of the Aorta
Coarctation refers to the narrowing or stricture that may impede blood flow.
Coarctation of the aorta is a common heart defect that affects males 3 to 4 times
more frequently than females. Narrowing of the aorta may occur anywhere along its
length; however, in most cases the coarctation is located just before or just after the
ductus arteriosus.
Patent Ductus Arteriosus
The ductus arteriosus is a normal channel between the pulmonary artery and
the aorta that remains open during intrauterine life. Within one to two days after
birth, the ductus arteriosus closes functionally, and within a few weeks it closes
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permanently. The ductus arteriosus allows blood to flow from the pulmonary artery
into the aorta, thus bypassing the lungs. Low oxygen tension and local production
of prostaglandins appear to be important in maintaining patency of the channel
during fetal life. After birth, flow through the ductus arteriosus switches to left to
right because of the higher pressure in the aorta. This change in flow direction
brings oxygenated blood through the ductus arteriosus and stimulates it to close.
Truncus Arteriosus
Truncus arteriosus is a congenital malformation in which failure of the
pulmonary artery and aorta to separate results in the formation of one large vessel that
receives blood from both the right and left ventricles. A large ventricular septal defect
in a single valvular structure is present and lead to the single large artery. Mixing of
blood from the right and left sides of the heart results in systemic cyanosis. The
amount when entering the systemic versus the pulmonary circulation depends on the
degree of valvular resistance in the two systems. Abnormally high pulmonary blood
flow may progress to pulmonary hypertension and right ventricular hypertrophy.
Increased pulmonary resistance causes the cyanosis to become more severe as more
blood enters the systemic circulation.
Transposition of the Great Arteries
In the most common form of transposition of the great arteries, the aorta
arises from the right ventricle and the pulmonary artery arises from the left ventricle
this anomaly results in the formation of two separate, not communicating
circulations. The right heart receives blood from the systemic circulation and is
recirculated through the body by way of the aorta. Blood reaching the body has not
passed through the lungs and is therefore not oxygenated. The left heart receives
oxygenated blood from the lungs and is recirculated through the lungs again by way
of the pulmonary artery. Unless some mixing of these separate circulations takes
place through other heart defects such as septal defects, transposition is not
compatible with life
Tricuspid Atresia
Absence of the tricuspid valve is almost always associated with
underdevelopment of the right ventricle and an atrial septal defect. Circulation is
maintained by the defect, which allows blood to bypass the right ventricle. The
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knowledge that as blood pressure, both systolic and diastolic, increases, so does the
risk of cardiovascular complications. If the systolic and diastolic values fall in
different stages, the higher stage is used for identifying appropriate treatment
Risk Factors
Age
Blood pressure rises consistently with age, beginning at levels as low as
50/40 mm Hg in newborns and increasing to over 200 mm Hg in some elderly
subjects. High blood pressure in children is classified as significant when it is
greater than or equal to the 95th percentile for age and as severe when it is greater
than or equal to the 99th percentile for age. High blood pressure in childhood is a
predictor of hypertension in adult life, especially in association with obesity.
Many vascular changes occur with aging. Vessel lumina narrow, and vessel
walls become stiff and less compliant with age. The resulting increase in SVR
contributes to increase blood pressure, primarily systolic blood pressure and
accounts for the isolated systolic high blood pressure seen most often in the elderly.
Race
High blood pressure occurs 2 to 3 times more frequently in AfricanAmericans than in Caucasians, especially at diastolic levels above 105 mm Hg.
Elevated blood pressure appears earlier in African-Americans, and target organ
damage is more severe than in Americans of European, Hispanic, or Native
American descent. The reason for this difference in African-Americans is not
known, although African-Americans with high blood pressure often have lower
renin levels than do other Americans with high blood pressure. Possibly because of
these lower renin levels, antihypertensive drugs that work primarily through altering
renin mechanisms, such as B-andrenergic blocking agents and ACE inhibitors, are
less effective in this population when used alone. When used in combination
therapy these drugs are equally effective across ethnic groups.
Obesity
Excess weight is associated with elevated levels of blood pressure. Obesity
in childhood is a predictor of high blood pressure in adulthood. Body mass index
has been found to be closely correlated with diastolic blood pressure. As BMI
increases, so does diastolic blood pressure. The mechanism by which excess weight
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Electrocardiography
INTRODUCTION
In addition to history, laboratory, and physical assessment, a number of
diagnostic tests may be employed to evaluate cardiac function. The
electrocardiogram is routinely obtained and provides information about the hearts
conduction patterns. The electrocardiogram graphically records electrical currents
generated by cardiac cells. The current is registered by skin electrodes placed in
particular positions on the body. The standard ECG has twelve different leads that
are obtained through ten skin electrodes: three standard bipolar limb leads, three
augmented unipolar limb leads, and six unipolar chest leads. Bipolar leads represent
a difference in electrical potential between two electrodes, one positive and one
negative. Augmented unipolar limb leads represent a difference in potential
between one electrode and the average of the other two limb electrodes. Unipolar
chest leads represent a difference in potential between the chest electrode and a
location at the center of the heart. Each lead provides a different ECG recording
because of its particular view of current flow through the heart.
Three standard bipolar limb leads are lead I, lead II, and lead III: lead I
measures the current between the right arm and the left arm, lead II measures the
current between the right arm and the left leg, and lead III measures the current
between the left arm and left leg.
Three: Electrocardiography
38
Unipolar limb lead electrodes provide the positive pole: lead aVr is recorded
from the right arm, lead aVl is recorded from the left arm, and lead aVf is recorded
from the left leg. In the leads, a stance for augmented V stands for voltage; and R,
L, and F indicate the location of the unipolar lead.
Precordial unipolar chest leads are obtained from electrodes placed in six
positions over the heart on the anterior chest. Chest leads are designated as
V1,V2,V3,V4, V5 and V6. Twelve-lead ECGs are usually recorded for a short
period of time when the patient is resting. Sequential ECGs are useful for
determining changes over time. In some cases it is necessary to monitor the ECG
for an extended period of time to capture rhythm problems that occur infrequently
or with particular activities. This is accomplished by continuous ambulatory
monitoring such as Holter monitoring over a 24 to 48 hour. ECG can also be
recorded during exercise to monitor the effects of exercise stress on cardiovascular
function. The stress test is usually performed while the subject progressively
increases his or her effort on a treadmill or stationary bike. The exercise ECG is
particularly useful for assessing the adequacy of coronary circulation and
myocardial workload is increased.
The vector cardiogram is a special kind of ECG that differs substantially
from the standard twelve-lead ECG. The vector cardiogram detects heart
depolarization in two planes simultaneously and displays it as two-dimensional
vector loops. Seven electrodes are placed on the body surface, including five chest
points, one left leg position and one forehead or neck position. The polarizations are
measured in each of three planes of the body: horizontal, frontal, and sagittal. Thus,
a vector cardiogram provides 83-dimensional view of the heart, whereas a standard
ECG provides only a two-dimensional view. The vector cardiogram may be more
sensitive than the standard twelve-lead ECG in picking up changes due to
myocardial infarction.
Stress testing reveals how a patients heart and blood pressure respond to
physical exertion. During the test, the patient exercises on a treadmill or pedals a
stationary bicycle while the physician monitors the hearts electrical activity. Test
results can indicate possible blockage of an artery and where the blockage is
occurring. In addition, results are useful in determining whether the patient should
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Three: Electrocardiography
39
undergo a cardiac catheterization. For patients who are unable to exercise, several
different types of stress testing that use medication to mimic the effect of physical
activity on the heart can be utilized.
Holter monitoring and cardiac event monitoring are ECGs that are
performed over a long period of time. The patient receiving Holter monitoring
wears electrodes attached to a portable monitor, about the size of a small cassette
player, for 24 hours. The test can be done at home. Cardiac event monitoring is
performed the same way as Holter monitoring, although cardiac event monitoring
can take as long as a month.
An implantable Loop recorder is a medical device that is placed beneath the
skin in the chest to record data about heart events over a long period of time-up to
two years. This type of monitoring can help diagnose someone who has infrequent
symptoms.
GE healthcare offers the ECG Mac series offering the Mac 800, 1200, 1600,
3500, and 5500 HD. The Mac 800 ECG is a portable device that is lightweight,
currently available in hospitals and clinics in Asia and Europe. The company also
offers the MARS Holter analysis system and the CardiMem CardioDay Holter
system.
Phillips Healthcare offers the PageWriter TC series, which is easy to use and
provides superior workflow. The company also offers the ST 80i stress test system.
Philips DigiTrak XT is one of the lightest Holter recorders on the market with a
large onboard display.
Schiller Healthcare offers the Cardiovit series of single, three, and twelvechannel ECG equipment under its range of resting ECG. It offers Spandon,
Cardiovit AT-10 Plus, Cardiovit CS-200, and Cardiovit CS-20 stress test systems. It
also offers Medilog AR12Plus, Medilog FD12, Microvit MT-101 Holter monitoring
systems.
Aerotel Medical Systems offers the HeartView series of ECG products. It
also offers the Heart 2005A and the Heart 2006 ECG with event recorders. The
HeartOne is a pocket-sized trans-telephonic ECG event recorder.
Three: Electrocardiography
40
BPL offers the Cardiart ECG with new models of three- and six-channel. It
also offers products for six-channel, twelve-channel, and Holter with some unique
features focused on clinical productivity and network connectivity. The TRAK48 is
BPLs Holter monitor.
L&T Medical offers the Orion, which is a three-channel ECG machine
which can indirectly be used like a twelve-channel machine. The product can
capture samples at a high 1,000 samples per second.
Revenues (millions$)
1,069.0
1,089.0
1,112.0
1,152.6
1,200.0
1,250.0
1,310.0
1,380.0
Percent Change
1.9%
2.1%
3.7%
4.1%
4.2%
4.8%
5.3%
Three: Electrocardiography
41
2010-2012
2012-2017
2010-2017
2.0%
4.4%
3.7%
Figure 3-1
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
2010
2011
2012
2013
2014
2015
2016
2017
Calendar Year
X-rays can be valuable in initially evaluating the size of the heart and the
contour of the heart. Enlargement of a particular chamber or blood vessel may
suggest heart failure or other abnormal functioning. It can also visualize the size of
the large blood vessels of the lungs. Enlarged blood vessels may suggest any of
several heart defects or diseases - and indicate the need for more sophisticated tests.
The use of x-rays to image moving blood is a challenge to system
manufacturers. The heart and blood vessels are in constant motion, and the image in
many applications involves motion, rather than a static image. Digital technology
products have evolved that image at sufficient speed to meet required specifications,
although the memory required to store such images is extremely high.
Conventional x-ray angiography has a lead role in the detection, diagnosis
and treatment of heart disease, heart attacks, acute stroke and vascular disease that
can lead to stroke. The market remains somewhat mature, with little growth
expected. Often, sales are made to replace aging systems. Angiographic x-ray
imaging has grown into its own specialty of x-ray imaging. Originally, angiograms
were obtained using conventional film. However, the development of more
powerful processors made it possible to digitally record images, obtaining the image
from an image intensifier and digitizing the output. With the arrival of digital x-ray
detectors, it became possible for the image intensifier and video camera to be
replaced by a more direct system of acquisition. Consequently, there was an
improvement in the quality of images produced and lower radiation doses to the
patient.
Compared with analog systems, digital images can also be manipulated in
various ways. One technique -- digital subtraction angiography -- acquires an image
of the patients tissue and skeletal structure before the contrast is injected. This
image -- the subtraction mask --- is digitally subtracted from the later images that
contain contrast. This creates an image in which the underlying body structures
virtually disappear, leaving only a picture of the injected contrast.
A traditional angiography suite includes an x-ray tube and an image
intensifier, which consists of a vacuum tube device that is placed near the patient.
The x-rays form an image on the face of the device. This image is amplified by a
photomultiplier tube and subsequently the image is viewed by a video camera, the
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output of which is digitized and analyzed in a computer system. The dose to the
patient is significantly greater than in standard fluoroscopy because the patient is
being imaged for longer periods of time. The detectors must be sensitive and
operate at high speed in order to minimize the x-ray dosage.
The sensitivity of digital flat-panel systems and their ability to work at high
speeds can help decrease x-ray exposure and increase the definition of the image.
Also, digital flat-panel systems can replace the large image intensifiers, as well as
the pick-up apparatus and camera systems. This can allow developers to design
compact systems that cut down on required space and which give the care giver and
patient more room to maneuver during imaging.
Consumers lifestyle choices and the resulting increase in obesity rates and
incidences of heart disease are major drivers for cardiovascular x-ray systems,
which are used for cardiac catheterization and angiography. To view the heart and
blood vessels, the radiologist inserts a catheter into a blood vessel using
fluoroscopic guidance, and releases a contrast agent when the catheter reaches the
target. Images of the heart and blood vessels are obtained using digital subtraction
technology or similar methods. X-ray angiography is undertaken to specifically
image and diagnose diseases of the blood vessels of the body, including the brain
and heart. Traditionally, angiography was used to diagnose the pathology of these
vessels, such as blockage caused by plaque buildup. However, radiologists,
cardiologists and vascular surgeons now use x-ray angiography to guide minimally
invasive surgery of the blood vessels and arteries of the heart. Angiography to
diagnose an occluded artery may be performed using fluoroscopy or CT.
MRI
MRI can help physicians closely examine the structures and function of the
heart and major vessels quickly and thoroughly, without the risks associated with
traditional, more invasive procedures. Using MRI, physicians can examine the size
and thickness of the chambers of the heart, and determine the extent of damage
caused by a heart attack or progressive heart disease.
As a flexible tool, cardiac MRI has been harnessed for a variety of specific
applications, such as the detection and management of congenital heart disease and
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cardiac masses, the assessment of valvular and ventricular function and myocardial
perfusion. Many cardiac MRI exams have been done on 1.5T systems but facilities
with the economic, technical, and staff resources have been converting to 3T systems.
In addition, developments in high-field technology and the advent of fast imaging
sequences have helped cardiac MRI become the reference modality for making
assessments of myocardial function, perfusion and viability imaging in ischemic and
nonischemic cardiomyopathies; for assessing cardiac tumors; and evaluating complex
congenital heart disease prior to and after surgery.
Non-contrast MRI is about five times more sensitive than and twice as
accurate as non-contrast CT when it comes to diagnosing ischemic stroke. MRI
appears to be a more sensitive test in detecting the most common form of stroke as
well as for diagnosing hemorrhagic strokes. MRI and CT are equally effective in
detecting acute intracranial hemorrhage. CT does have an advantage over MR for
coronary artery imaging. A 64 slice CT scan, although of lower resolution than a 3T
MRI, is relatively inexpensive and more popular. The image quality of cardiac CT
can also improve with the advent of the 128-slice CT, and this may be a threat for
cardiac MRI. However, concerns over the high radiation dose of the multi-slice CT
systems can increase the popularity of MRI once again.
Cardiac MRI gives physicians comprehensive data related to cardiovascular
function and disease. The images generated by MRI are complete, detailed and
precise, more so than other cardiac imaging tests. In certain groups of patients, the
modality is an alternative to competing modalities, such as stress tests,
electrocardiography, cardiac CT, and SPECT imaging. Makers of cardiovascular MRI
systems should develop automated coil-changing systems, and focus on enhancing
image-reconstruction technology. Cardiac MRI, because of its complexity, has largely
been limited to university hospitals where there is a strong research interest. Much of
the work with cardiac MRI has been done in the research setting.
New MRI systems featuring sophisticated 32-coil designs, low signal-to-noise
ratio and improved image acquisition have driven the cardiac area. MRI is giving
doctors a noninvasive way to gather data related to cardiovascular function and
disease. Cardiac MRI exams also offer rapid analysis and increased accuracy. The
modality has proven useful diagnosing various unusual cardiovascular problems. The
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speed of MRI systems has earned them a place as an important research tool for
studying ischemia and cardiomyopathy.
Cardiac MRI can provide more information about atherosclerotic plaque than
does catheter angiography. MRI contrast agents under development will identify
vulnerable plaques work by targeting mediators of neovascularization or
macrophages in inflamed plaques. MRI probably will not replace any of the existing
cardiac imaging modalities but will become an integral part of a patients diagnostic
workup.
Ultrasound
Echocardiography uses reflected sound waves to provide an image of
cardiac structure and motion within the chest. The cardiac echo is obtained by
placing a blunt probe on the chest surface that transmits and receives highfrequency sound waves. Sound waves traveling to chest and heart structures are
reflected back to the receiving probe. The time between sound wave and
transmission and detection of reflected waves is used to calculate distances between
the probe and the reflecting tissue. The sound waves are not heard or felt by the
subject and have no known detrimental effects on tissues. The probe is moved
across the chest to assess cardiac structures of interest, and recordings are
videotaped for later viewing.
Echocardiograms are particularly useful for diagnosis of heart enlargement,
valvular disorders, collections of fluid in the pericardial space, cardiac tumors, and
abnormalities in the left ventricular motion.
Computed Tomography
Computed tomography or CT scanning of the heart (CT coronary
angiogram) is a procedure used to assess the extent of occlusion in the coronary
arteries, usually in order to diagnose coronary artery disease. The patient is injected
with an intravenous dye (iodine) and then the heart is scanned using a high speed
CT scanner, allowing radiographers to assess the blood flow to their heart muscle.
Computed tomography of the heart is not yet routinely used in clinical
practice. It may be useful in the diagnosis of suspected coronary heart disease, for
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follow-up of a coronary artery bypass, for the evaluation of valvular heart disease
and for the evaluation of cardiac masses. More than just a diagnostic tool to
determine whether or not a patient has coronary artery disease, coronary CT
angiography (CCTA) can help physicians predict a patients risk of future cardiac
problems, according to a 2011 study published online in the Journal of the
American College of Cardiology. The study, led by Fabian Bamberg, MD, MPH, of
Ludwig-Maximilians University, Massachusetts General Hospital and Harvard
Medical School, is a meta-analysis of 11 articles involving 7,335 participants
(average age 59.1 years, 62.8% male) from studies published in PubMed, Embase
and the Cochrane Library through January 2010. The studies involved patients with
suspected heart disease, followed up with more than 100 subjects for more than a
year, and reported elevated risk of subsequent heart issues in areas of interest to the
researchers.
The researchers found that one or more CCTA-spotted stenoses of 50% or
greater led to a more than 10-fold higher risk of subsequent events in studies that
included data on revascularization. In studies excluding revascularization, patients
with similar stenosis had a more than six-fold risk of subsequent events. The study
found that CCTAs predictive value was solid even when adjusting for coronary
calcification. Patients with arterial plaque were 4.5 times more likely to have had a
future coronary event, the data showed. The presence and extent of coronary artery
disease on CCTA are strong, independent predictors of cardiovascular events
despite heterogeneity in endpoints, categorization of computed tomography
findings, and study population, the authors conclude.
It is uncertain whether this modality will replace invasive coronary
catheterization. At present, it appears that the greatest utility of cardiac CT lies in
ruling out coronary artery disease rather than ruling it in. This is because the test is
highly sensitive (over 90% detection rate), so a negative test result largely rules out
coronary artery disease. The test is not very specific, however, so a positive result is
less conclusive and will need to be confirmed by subsequent invasive angiography.
Electron Beam Computed Tomography
Electron beam computed tomography (EBCT) is a specific form of
computed tomography in which the X-ray tube is not mechanically spun in order to
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rotate the source of X-ray photons. This different design was explicitly developed to
better image heart structures which never stop moving, performing a complete cycle
of movement with each heartbeat.
As in conventional CT technology, the X-ray source-point moves along a
circle in space around an object to be imaged. In EBT, however, the X-ray tube
itself is large and stationary, and partially surrounds the imaging circle. Rather than
moving the tube itself, electron-beam focal point is swept electronically along a
tungsten anode in the tube, tracing a large circular arc on its inner surface. This
motion can be very fast.
GE offers the eSpeed EBCT scanner which detects and measures calcium in
the coronary arteries. The test is non-invasive with no pain, using no injections,
chemicals or incisions.
Dual Source Computed Tomography
Dual source computed tomography(DSCT) is also available. With its 2X-ray
sources and to sixty-four-row detectors, it is twice as fast as previous high-end CT
scanners. It provides brilliant images of the heart and coronary vessels. DSCT
provides high-resolution images of the coronary vessels at an incredible speed,
which makes it possible to take perfect images even of a rapidly or irregularly
beating heart.
Nuclear Cardiography
Reactive substances injected into the bloodstream can be used to trace the
patterns of blood flow in the heart. Radiation exposure is minimal, as very small
amounts of radioactive substances are used. The most common nuclear imaging
tests are technetium pyrophosphate scanning, thallium imaging, and gated bloodpool scanning.
Technetium scanning is used to visualize infarcted areas of cardiac muscle
that accumulate the radioisotope. The radioactive technetium is injected into the
bloodstream and then allowed to clear from the system for two hours. Infarcted
cardiac tissues appear as hotspots when scanned with a gamma scintillation camera,
which measures radioactive disintegrations of the 99mTc radioisotope.
Revenues (millions$)
3,800.0
3,910.3
4,050.0
4,223.0
4,421.5
4,642.3
4,900.0
5,200.0
Percent Change
2.9%
3.6%
4.3%
4.7%
5.0%
5.6%
6.1%
3.2%
5.1%
4.6%
arteries on the surface of the heart and the aorta, and check the level of oxygen in
the blood.
Cardiovascular catheters can also be used to evaluate the ability of the
pumping chambers to contract, as well as to assess the function of heart valves.
Cardiac catheterization is one of the most accurate tests in the diagnosis of coronary
artery disease, and more than one million of them are performed each year. During
cardiac catheterization, the catheter is inserted through a very small cut made by the
physician (in the groin, arm or wrist), then guided up through the blood vessel to the
heart. The physician tracks the course of the catheter by watching it on a
fluoroscope. A variety of measurements may be performed when the catheter is in
place, and then the catheter is removed. After some recovery time, most patients are
free to go home after about six hours. Results are available to the physician
immediately. Cardiac catheterization angiography is associated with several serious
risks, including bleeding, dysrhythmias, heart perforation, and coronary ischemia.
However, the value of information supplied is generally believed to far outweigh
the risks. Catheterization is frequently used to evaluate suspected or confirmed
coronary artery disease, valvular dysfunction, congenital defects, left ventricular
dysfunction, and coronary bypass graft patency.
Assessment of the left side of the heart, including the coronary arteries is
achieved by passing a catheter through a femoral or brachial artery into the aorta.
The catheter is then manipulated into the left ventricle or left atrium to assess
chamber pressures, and a ventriculogram is obtained. Contrast dye injected into the
ventricular chamber is monitored by fluoroscopy to assess ventricular function. The
catheter is usually pulled back into the aorta and advanced into one or more of the
coronary arteries. The patency of the coronary arteries can be visualized by
injecting contrast dye into them and monitoring by fluoroscopy. If contrast dye is in
the coronary artery, a period of cardiac ischemia is produced during which the
patient may experience angina, dysrhythmias, and coronary spasms.
Right-sided heart catheterization is done to evaluate right-sided heart
structures. The catheter is introduced into a vein, usually femoral or antecubital,
then threaded through the inferior vena cava and into the heart. Pressures and blood
samples are obtained as the catheter is advanced into the right atrium, ventricle, and
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Problems with the arteries may lead to a variety of complications such as stroke, high
blood pressure or leg pain. In a peripheral angiography, the groin will be numbed
with a local anesthetic which burns or stings a bit before it takes effect. A catheter is
placed into the artery in the groin and manipulated by the doctor into the artery
requiring study. As the catheter is being moved, there is slight pressure in the groin.
Once the catheter is in place, contrast material is injected through the catheter into the
arteries and a series of x-rays will be taken very quickly.
Vascular imaging is changing dramatically. It is no longer enough simply to
find that a patient has an arterial stenosis. Now, physicians want to visualize the
circulation to the region, evaluate the vessel wall, and determine the composition of
plaques so they can better select and monitor treatment. There also is a growing
push to screen for vascular diseases beyond the heart in order to prevent myocardial
infarction and stroke.
Intravascular Ultrasound
Intravascular ultrasound (IVUS) is a medical imaging methodology using a
specially designed catheter with a miniaturized ultrasound probe attached to the
distal end of the catheter. The proximal end of the catheter is attached to
computerized ultrasound equipment. It allows the application of ultrasound
technology to see from inside blood vessels out through the surrounding blood
column, visualizing the endothelium (inner wall) of blood vessels in living
individuals.
The coronary arteries are the most frequent imaging target for IVUS. IVUS
is used in the coronary arteries to determine the amount of atheromatous plaque
built up at any particular point in the epicardial coronary artery. The progressive
accumulation of plaque within the artery wall over decades is the setup for
vulnerable plaque which, in turn, leads to heart attack and stenosis of the artery.
IVUS is of use to determine both plaque volume within the wall of the artery and/or
the degree of stenosis of the artery lumen. It can be especially useful in situations in
which angiographic imaging is considered unreliable; such as for the lumen of ostial
lesions or where angiographic images do not visualize lumen segments adequately,
such as regions with multiple overlapping arterial segments. It is also used to assess
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otherwise not visible or difficult to assess with the older imaging technology.
Additionally, images are created with 10 times the resolution of intravascular
ultrasound technology.
The C7-XR System with the C7 Dragonfly Imaging Catheter was launched
in Europe in May 2009 and follows the M3 OCT Imaging System. St. Jude Medical
offers the only commercially available intracoronary OCT imaging device in the
world. The C7-XR Coronary Imaging System is commercially available in the U.S,
Europe and Australia.
Electrophysiology
Catheters also are used in an ablation electrophysiology study. This is a
procedure in which the catheter is inserted into a vein or artery, such as in the groin,
and guided to the heart, where it can perform highly specific measurements of the
hearts electrical activity and pathways. These measurements are particularly
helpful in the diagnosis of abnormally fast heart rhythms tachycardias -- or
abnormally slow heart rhythms -- bradycardias. This study is usually performed
only after other noninvasive tests, such as an electrocardiogram (EKG), have been
performed.
Many abnormal rhythms are the result of areas of abnormal tissue which
cause the hearts electrical system to short circuit. Once a doctor determines exactly
where abnormal tissue in the heart is located, it can be ablated. By ablating, or
destroying, abnormal tissue areas in the heart, its electrical system can be repaired
and the heart will return to a normal rhythm. A physician will position the ablation
catheter so that it lies on or very close to the abnormal tissue. High-frequency
electrical energy is then sent through the ablation catheter into this abnormal tissue.
The small area of heart tissue under the tip of the ablation catheter is heated by this
high-frequency energy, creating a lesion or tiny scar. As a result, this tissue is no
longer capable of conducting or sustaining the arrhythmia.
Table 4-2
Revenues (millions$)
2,468.0
2,520.0
2,598.0
2,688.0
2,790.0
2,912.0
3,040.0
3,180.0
Percent Change
2.1%
3.1%
3.5%
3.8%
4.4%
4.4%
4.6%
2.6%
4.1%
3.7%
complement several cardiac tests, including the echocardiogram, the MUGA scan,
the thallium scan and diagnostic cardiac catheterization. MRI has the potential of
detecting changes in the blood vessels of the heart the microvascular circulation
that are completely missed by cardiac catheterization. Detecting such changes seem
to be useful in predicting the outcome of patients after a heart attack, and may prove
to be useful in assessing patients with cardiac syndrome X, diabetes, and certain
other conditions. Facilitating growth would be any software that helps acquire better
images. New contrast agents could also improve the diagnosis of heart-related
disease.
The cylindrical 3T MRI market is set for global revenue growth. This will
likely be due to increased market penetration of wide aperture and short bore systems.
Demand for 64-slice and above CT systems will continue to drive CT revenues as the
demand for greater image quality, particularly in CT angiography (CTA) is realized.
In addition, the release of dynamic flat panel detectors for angiography, cardiology
and fluoroscopy X-ray should help to increase revenues as well.
Invasive Transcatheter Imaging
Spurring the use of cardiac angiography catheters is the improved
predictability of the procedure itself. In addition, the angiography procedure is
becoming more popular in lesser developed countries as the incidence of
cardiovascular disease has grown in such places as Asia, sub-Saharan Africa and
Latin America. Whereas in the past, communicable disease and infant mortality due
to malnutrition were the primary causes of death in these regions, the gradual
improvement in the standard of living has reduced deaths due to those causes. As
the economies in those regions develop, dietary fat consumption increases, the level
of physical exercise drops and smoking tends to increase -- all leading to an
increased risk of cardiovascular disease.
Also, certain populations are genetically predisposed to cardiovascular
disease, particularly in lesser developed countries. That is explained by the selection
process that occurs in times of famine, when individuals who are genetically
predisposed to minimize calorie use tend to have a survival advantage. As food
becomes more available, such individuals' risk of cardiovascular disease increases
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Revenues (millions$)
6,268.0
6,430.3
6,648.0
6,911.0
7,211.5
7,554.3
7,940.0
8,380.0
Percent Change
2.6%
3.4%
4.0%
4.3%
4.8%
5.1%
5.5%
3.0%
4.7%
4.2%
Figure 4-1
$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
Calendar Year
Coagulation
Cholesterol
Coagulation Testing
The hospital market for cardiac POC coagulation tests is made up primarily
of activated coagulation time (ACT) test run on patients receiving heparin during
cardiovascular and other surgeries. Prothrombin time test (PTT) measures the
activity of clotting factors. Deficiency of any of these clotting factors can lead to a
prolongation of one-stage prothrombin times, as will circulating anticoagulants that
are active against these factors. The test is considered basic to any study of the
cardiac coagulation process and is also widely used for guidance in establishing and
maintaining anticoagulant therapy.
In prothrombin time self-testing for patients taking Coumadin the market for
POC PT testing is still evolving. Roche diagnostics pioneered the coagulation selftest market since the mid-1990s and has had some success in Europe, especially in
Germany. The US market for home PT testing has been developing slowly. Several
companies have developed home PT devices that were cleared by the FDA.
International Technidyne Corporation offers the Prothrombin Time Test
System and the ProTime Microcoagulation System for home and professional use.
The system consists of a portable battery-operated instrument and disposable
determination of prothrombin time from finger-stick whole blood or anti-coagulantfree venous whole blood. The system measures prothrombin time using fibrin clot
formation and detection. International Technidyne Corporation also offers the
Hemochron Signature Elite. International Technidyne Corporation is the market
leader in ACT testing but Siemens, Roche Diagnostics and Abbott are making
inroads into the area as well
Alere/HemoSense offers INRatio Prothrombin Time Monitoring System.
This product uses a modified version of the one-stage PTT and provides a
quantitative prothrombin time result that is intended for use by healthcare
professionals in monitoring patients who are on warfare and anticoagulant therapy.
Roche diagnostics offers the PTS test strip intended for quantitative
prothrombin time testing to be used with the CoaguChek system. The system uses
whole blood for testing and is designed for on-the-spot testing of prothrombin time
and aPTT. CoaguChek is a diagnostic system that is to be used by the attending
physician and by the patient for monitoring of oral anticoagulant therapy. The result
is directly displayed as INR, %Quick, SEC, or Ratio.
Table 5-1
Revenues (millions$)
445.0
460.0
480.0
502.0
526.0
553.0
582.0
612.0
Percent Change
3.4%
4.3%
4.6%
4.8%
5.1%
5.2%
5.2%
3.9%
5.0%
4.7%
Cholesterol Testing
Cholesterol test give an indication of lipid levels in the blood. An elevated
serum lipid level is one of the foremost firmly established risk factors for
cardiovascular disease. More specifically the risk of cardiovascular disease is
associated with a serum cholesterol level of more than 200 mg/dL or a fasting
triglyceride level of more than 150 mg per d>. The liver is capable of producing
cholesterol from saturated fats, even when the dietary intake of fats is severely
limited. High correlation between cholesterol and triglyceride levels has been
found. Elevated triglyceride levels are correlated with obesity, a sedentary lifestyle,
and high alcohol intake.
For lipids to be transported by the body, they need to be soluble in the blood
by combining with proteins. Lipids combined with proteins to form
macromolecules called lipoproteins. Glycoproteins are vehicles for fat mobilization
and transport. The different types of lipoprotein very in composition and are
classified as high-density lipoproteins (HDL), low-density lipoproteins (LDL), and
very low-density lipoproteins (VLDL).
HDLs contain more protein weight and fewer lipids than any other
lipoprotein. HDLs carry lipids away from arteries and to the liver for metabolism.
Therefore, high serum HDL levels are desirable. This process of HDL transport
prevents lipid accumulation within the arterial walls. The higher the HDL levels in
the blood, the lower risk for heart disease. HDL levels are generally higher in
women than in men and are increased by physical exercise and estrogen.
LDLs contain more cholesterol than any of the other lipoproteins and have
an affinity for arterial walls. Elevated LDL levels correlate most closely with an
increased incidence of atherosclerosis. Cholesterol testing identifies the LDL level.
Alere/Cholestech offers LDX system, which measures the levels of total
cholesterol (TC), high-density lipoprotein, and triglycerides; calculates TC/HDL
ratio; and estimates levels of low-density lipoprotein and very-low-density
lipoprotein.
Roche offers the AccuCheck InstantPlus and the Reflotron cholesterol
testing products. The AccuCheck InstantPlus cholesterol test uses reflectance
photometers for the quantitative determination of cholesterol and triglycerides, with
data output ports or data management functions. The Reflotron is a self-calibrating
desktop system for near-patient-testing in the physicians office. The product
provides quantitative determination of seventeen basic clinical parameters for the
most common indicators, with results obtained in 2 to 3 minutes.
CholesTrak was FDA-cleared for professional use in 1991 and was
introduced to the over-the-counter market for consumer use in 1994. CholesTrak
was formally known as Advanced Care and originally promoted by Johnson &
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Revenues (millions$)
290.0
302.0
315.0
330.0
347.0
366.0
387.0
410.0
Percent Change
4.1%
4.3%
4.8%
5.2%
5.5%
5.7%
5.9%
2010-2012
2012-2017
2010-2017
4.2%
5.4%
5.1%
Revenues (millions$)
735.0
762.0
795.0
832.0
873.0
919.0
969.0
1,022.0
2010-2012
2012-2017
2010-2017
Percent Change
3.7%
4.3%
4.7%
4.9%
5.3%
5.4%
5.5%
4.0%
5.2%
4.8%
$1,200
$1,000
$800
$600
$400
$200
$0
2010
2011
2012
2013
2014
2015
2016
2017
Calendar Year
Cardiac Markers
suggest infarct extension if levels rise again. This is usually returns to normal within
2 to 3 days.
Troponin is released during MI from the cytosolic pool of the myocytes. Its
subsequent release is prolonged with degradation of actin and myosin filaments.
Differential diagnosis of troponin elevation includes acute infarction, severe
pulmonary embolism causing acute right heart overload, heart failure, and
myocarditis. Proponents can also calculate infarct size but the peak must be
measured in the third day. After MI injury, troponin is released up to four hours and
persists for up to seven days.
Myoglobin is used less than the other markers. Myoglobin is the primary
oxygen-carrying pigment of muscle tissue. It is high when muscle tissue is damaged
but it lacks specificity. It has the advantage of responding very rapidly, rising and
falling earlier than CK-MB or troponin. It also has been used in assessing
reperfusion after thrombolysis.
Additional cardiac markers are being used which include tests such as mild
low peroxidase (MPO), brain natriuretic peptide (BNP), pro-BNP, C-reactive
protein (hsCRP), homocysteine, fatty acid binding protein (FABP), glycogen
phosphorylate isoenzyme BB GPBB), urinary albumin, and S-100 protein and
hemoglobin A-1 c (hbA1c) .
Rapid, quantitative results for multiple cardiac markers elicited from the
point-of-care generally have a positive effect on misdiagnosed myocardial
infarctions, and provide cost-savings benefits to hospitals, clinics, and patients.
Selected companies that participate in the cardiac marker POC test kit arena
include:
Ani Biotech Oy offers the Biocard Troponin I test which is a one-step
immunochromatographic assay for the rapid detection of cardiac specific troponin I
from patient whole blood samples. The company also offers myoglobin, MPO,
hsCRP, quantitative reader, and CRP cardiac marker tests.
Alere offers the CardioProfilER panel as an aid in the diagnosis of
myocardial infarction, the diagnosis and assessment of severity of congestive heart
failure and the risk stratification of patients with acute coronary syndromes. The
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AND GROWTH
The total cardiac markers market reached revenues of $1.9 billion in 2012.
The market is comprised of revenues for troponin, CK-MB, BNP, myoglobin
testing, which account for approximately 75% of cardiac marker testing. Since cost
is a predominate factor, it is anticipated that cardiac marker testing will continue to
demonstrate healthy growth. An aging population combined with advancements in
technology is fueling this growth as health care providers seek ways to meet the
demand for high levels of service in a more cost effective manner.
A number of new and developing markers are in development. It
anticipated that new cardiac panels will emerge, which combine markers
inflammation, ischemia, plaque instability and necrosis. Revenues are expected
reach $2.6 billion in 2017, growing at a healthy 6.3% over the forecast period
2012-2017
is
of
to
of
Table 6-1
Revenues (millions$)
1,750.0
1,795.0
1,880.0
1,976.0
2,086.0
2,223.0
2,375.0
2,550.0
2010-2012
2012-2017
2010-2017
Percent Change
3.8%
4.7%
5.1%
5.6%
5.6%
6.8%
7.4%
4.2%
6.3%
5.7%
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
2010
2011
2012
2013
2014
2015
2016
2017
Calendar Year
potentially hazardous to the patient, large bubbles have different, and less suitable,
reflective properties. By filling the blood stream with the ultrasound contrast agent,
it is possible to significantly increase the reflections from the blood-filled chambers
of the heart, so that the chambers image on the monitor will be clearly
differentiated from those of the heart muscle itself.
One area of intense interest involves the development of an ultrasound
contrast medium for cardiac perfusion, which would enable cardiologists to
measure how well the heart muscle is being perfused by its local blood supply and
to assess heart function. This will enable ultrasound to be used for diagnosing
myocardial infarction. Industry and academic experts see much of ultrasounds
future as a tool to image for cardiac disease and malfunctions. The sensitivity and
flexibility of ultrasound makes it the most sensitive method of imaging
microbubbles, since it deliberately disrupts the pattern and produces a very strong
and highly characteristic transient effect. Schering AG and other companies have
investigated several types of in vivo molecular imaging using ultrasound bubbles.
The agent and technique fulfill the requirements of an ideal molecular imaging
agent due to high specificity, fast target access (allowing examination shortly after
administration), safety, and high signal-to-noise ratio.
The commercial availability of ultrasound contrast agents poses some
challenges. There continuously is a need to identify the most relevant clinical
applications for which the agents are indicated, as well as ways in which to use
existing ultrasound technology with contrast to give the greatest detail. Some of the
limitations of ultrasound imaging can be reduced by applying contrast agents that
consist of fluid with a high concentration of air bubbles.
A number of ultrasound contrast agents have been approved by regulatory
authorities, including Levovist (Bayer Schering Pharma), Optison (GE Healthcare),
Definity (Lantheus Medical Imaging) and SonoVue (Bracco Diagnostics). The
latest generation of microbubbles use a more solid stabilizing shell, such as a
phospholipid and perfluorocarbon gasses. These products are more echogenic and
have a long life in the bloodstream that allows them to pass many times through the
heart and accumulate in different organs in the body. They can be used for
perfusion studies and to image myocardium. It is also possible to look at an organ,
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destroy using ultrasound the accumulated microbubbles and see how circulating
microbubbles overrun in the organ.
A New Drug Application for Imagify was submitted to the FDA in April
2008 by Acusphere. Acusphere is working with the FDA on a Special Protocol
Assessment (SPA) that will define the remaining requirements for approval in the
US. Acusphere has reached agreement with FDA on the overall design of a placebo
trial, comparing ultrasound with Imagify to ultrasound without Imagify. In February
2009 the company sent a Complete Response Letter to the agency. Approval in
Europe also is pending.
Dyes are used in x-rays and CT to optimize the ability of imaging specialists
to see internal structures. The common dyes that are used are either barium
containing materials (barium sulphate) or iodine containing materials. A barium
sulphate suspension in water is the universal contrast medium for radiography.
Some patients may be allergic to iodine and should not receive this agent. Iodine
containing agents can be monomeric salts of tri-iodinated benzoic acid with
substituted ionic or non-ionic side-chains.
Iodinated contrast agents are utilized in many cardiac catheterization
procedures. Ionic contrast media have higher osmolarity and more side-effects.
Non-ionic contrast media have lower osmolarity and tend to have fewer side effects,
such as Omnipaque, Ultravist and Visipaque. Both types are used most commonly
in radiology.
The primary agents used in cardiovascular imaging in the past consisted of
diatrizoate sodium or a combination of diatrizoate sodium and various meglumine
salts. These agents are ionic or high osmolar agents with osmolarities exceeding
1,500 mOsm per kg. In recent years, several nonionic or low osmolar agents have
been introduced and widely marketed. These include iohexol, iopamidol and
ioversol. An additional agent, ioxaglate, is best described as an ionic, but low
osmolar contrast agent. All four of these agents have osmolarities in the range of
about 600 to 700 mOsm/kg. Data suggest that the low osmolar agents are better
tolerated than the high osmolar agents. They are potentially safer in
hemodynamically compromised patients, but the low osmolar agents are much more
expensive.
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Bayer HealthCare has formed a new business unit through the integration of
its subsidiary Medrad Inc. and Bayer HealthCare Pharmaceuticals contrast media
business. The new unit is operating under the name of Radiology and
Interventional. The name Medrad will transition to become a Bayer product brand.
With this move, Bayer HealthCare aligns its portfolio to focus investments on
critical strategic growth drivers. The new unit operates within Bayer HealthCares
Medical Care Division.
The former Medrad business has improved patient outcomes by being a
manufacturer and distributor of high tech medical devices that enable or enhance
diagnostic and therapeutic medical procedures for CT, MRI, and cardiovascular
applications. The Contrast Media business has facilitated advances in the field of
diagnostic imaging in X-ray, CT and MRI.
Although the long recession may have caused hospitals, physician offices
and other institutions to delay or cancel the purchase of imaging equipment, it has
not had a significant negative impact on the use of contrast agents with the
equipment already on hand. Growth in the contrast market will continue as cost
effective products and new technologies are commercialized by suppliers. As new
targeted imaging techniques evolve, there will be a greater need for targeted
contrast agents to optimize visualization of images. And, the diagnosis and
treatment of age-related illnesses, as the older population grows in numbers, also
will expand the market for contrast agents.
In addition, there are challenges facing diagnostic imaging tests in
developing countries, which in a sense can act as drivers of the market. According
to WHO, there is a severe lack of, and therefore need for, safe and appropriate
diagnostic imaging services -- basic x-ray and ultrasound -- in many parts of the
world. In several countries, a large number of images are of poor quality and are of
no diagnostic use. Many are also misread. In other areas, imaging facilities are
simply not available, or not functioning. There is a lack of adequately trained
medical specialists, including radiographers and technologists. To solve these issues
will require greater use of contrast agents, in part.
As new applications as cardiac evolve for MRI, the modality will grow into
a highly sophisticated medical imaging tool. New contrast agents could also
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diagnostic contrast media during the next five years appears to be holding its own,
despite the recession slowing capital equipment purchases. Imaging exams are still
needed for making many diagnoses, and contrast enhancement facilitates diagnosis
in many cases. Revenues are expected to reach $3.3 billion in 2017, growing at
3.8% over the forecast period of 2012-2017.
Table 7-1
Revenues (millions$)
2,590.0
2,660.0
2,741.0
2,830.0
2,928.0
3,041.0
3,168.0
3,300.0
2010-2012
2012-2017
2010-2017
Percent Change
2.7%
3.0%
3.2%
3.5%
3.9%
4.2%
4.2%
2.9%
3.8%
3.5%
Figure 7-1
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
2010
2011
2012
2013
2014
2015
2016
2017
Calendar Year
Market Participants
SUMMARY
The global cardiac diagnostic industry is a diverse and highly competitive
market. It is anticipated that provider demand for cardiac diagnostic products and
services will continue to rise providing opportunities for both existing market
participants and emerging market participants. Manufacturers should look for ways
to distinguish themselves in the marketplace by keeping abreast of key market
drivers, restraints, and trends that are affecting the market and the economy as a
whole. More than ever before, manufacturers are facing survival challenges in
todays marketplace while the need for innovative and safe products continues to
grow.
Companies outlined in this chapter include:
x
Abbott Diagnostics
Acusphere
Alere
Analogic Corp
Bayer Healthcare
Bracco SpA
Cardinal Health
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CardioDX
C.R. Bard
Danaher Corporation
dpiX
FluoroPharma Medical
GE Healthcare
King Pharmaceuticals
LipScience
Medison America
Nanosphere
PerkinElmer
Philips Healthcare
Roche Diagnostics
Shimadzu Corp
St Jude Medical
Terumo Medical
Toshiba
Trixell
Vascular Solutions
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Vermillion
Volcano
Some of these companies are high stakes players in the market and control
considerable market share while others are small or niche players that provide a
valuable product to the global cardiac diagnostic arena. All are equally important to
the market as a whole.
ABBOTT DIAGNOSTICS
Company: Abbott Diagnostics
Address: : 675 N. Field Dr
Abbott Park, IL 60064
Phone: 847-937-6100
WebSite: www.international.abbottdiagnostics.com
Employees: 90,000
Recent Revenue History (in millions): 2011 $ 4,126 2012 $4,292
Company Overview
Abbott Diagnostics is part of Abbott Laboratories located in Abbott Park,
Illinois. The company as a whole is involved in the manufacture, discovery and
sales of pharmaceuticals, nutritionals, devices and diagnostics. The company has a
presence worldwide in more than 130 countries with many distribution channels,
from consumer outlets to clinical laboratories.
Products
The company offers several key diagnostic testing systems for molecular
testing, immunoassays, hematology, clinical chemistry and blood glucose
monitoring. Within the cardiac diagnostic arena, Abbott Diagnostics offers its
ARCHITECT series. In 2011, Abbott developed the ARCHITECT STAT High
Sensitive Troponin I tests to improve screening for heart attack in patients
presenting at the hospital with chest pain. Products for cardiac diagnostics include:
ARCHITECT c16000
ARCHITECT c4000
ARCHITECT c8000
ARCHITECT ci16200 Integrated System
ARCHITECT ci4100 Integrated System
ACUSPHERE
Company:
Acusphere
Phone: 617-648-8800
ALERE, INC
Company:
Address:
Alere, Inc
51 Sawyer Rd Suite 200
Waltham, MA 02453
Phone: 781-647-3900
WebSite: www.alere.com
Employees: 17,400
Recent Revenue History (in thousands):
2011 $2,790
2012 $ 2,363
Company Overview
Alere offers professional diagnostics, health information solutions, and
consumer diagnostics for a variety of disorders. The company is located in
Waltham, MA. In July 2010, the company changed its name from Inverness
Medical Innovations. The company has been very active with acquisitions to boost
its market share in an increasingly competitive market.
Aleres previous acquisitions include: Abbott Diagnostics Determine line,
Acon laboratories, British Biocell International Limited, Biosite, Cholestek
Corporation, Clondiag GmbH, First Check Diagnostics, Ischemia Technologies,
HemoSense. Instant Technologies, Matritech, Orgenix Limited, Panbio Ltd, Quality
Assured Services, Spectral Diagnostics, TechLab and Thermo Biostar.
Products
The company offers the Alere Triage, Cholestech LDX, and INRatio
products. The Alere Triage system consists of a portable fluorometer that interprets
consumable test devices for cardiovascular conditions. These tests include:
Alere Triage BNP Test- an immunoassay that measures B-type Natriuretic
Peptide (BNP) in whole blood or plasma, used as an aid in the diagnosis and
assessment of severity of congestive heart failure.
ANALOGIC CORP
Company: Analogic Corp
Address: : 8 Centennial Dr
Peabody, MA 01906
Phone: 978-326-4000
WebSite: www.analogic.com
Anesthesia, for guiding the placement of nerve blocks prior to surgical procedures
and the Flex Focus 700 for the surgical environment. Analogics direct ultrasound
systems business saw a 7% increase in revenues in 2011, driven by the success of
the Flex Focus family of ultrasound systems.
Capitalizing on its application-specific integrated circuit technology,
Analogics scalable digital beam formers are designed for multi-beam capability
and can support mid-tier to high-performance systems (64 to 128 or more channels).
Analogic also develops and supplies custom multi-element phased and linear array
ultrasound transducers that support frequencies up to 10 MHz, as well as specialty
probes, including transesophageal probes that provide improved images of the heart.
The companys compact Pro Focus UltraView is a fully-featured ultrasound system,
offering contrast imaging, HistoScanning capabilities, and a complete range of
specialized transducers.
BAYER HEALTHCARE
Company:
Address:
Bayer Healthcare
Mllerstrasse 178
13353 Berlin, Germany
Employees: 55,300
WebSite: www.helathcare.bayer.com
Recent Revenue History (in millions): 2011 $22,742 2012 $ 24,654
Company Overview
Bayer HealthCare markets its products in more than 100 countries, and in
2012 generated sales of more than $24 billion. Bayer HealthCare had a global
workforce of 55,300 employees, as of Dec. 31, 2012. The company focuses on four
business areas: Diagnostic Imaging, General Medicine, Specialty Medicine and
Womens Health care.
In March 2012, Bayer HealthCare formed a new business unit by integrating
its subsidiary Medrad Inc. and Bayer HealthCare Pharmaceuticals contrast media
business. The new unit operates under the name of Radiology and Interventional.
The name Medrad will transition to become a Bayer product brand. With this move,
Bayer HealthCare aligns its portfolio to focus investments on critical strategic
growth drivers.
Products
Bayer acquired Schering AG in July 2006. Schering offered a broad
spectrum of x-ray contrast media, including Ultravist and Iopamiron. Both are
suitable for all common x-ray and CT examinations and can also be used to provide
answers to a wide range of diagnostic questions. There are a number of clinical
benefits from the combination of Ultravist with novel CT methods, such as the
ultra-fast Dual Source CT system developed by Siemens. These benefits include CT
examinations of the heart as well as CT applications in acute medical care. Schering
and Siemens Medical Solutions are collaborating in this field.
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BRACCO SPA
Company:
Bracco SpA
Address: :
Via E. Folli 50
20134 Milan, Italy
WebSite: www.bracco.com
CARDINAL HEALTH
Company:
Cardinal Health
Address: :
Phone: 614-757-5000
WebSite: www.cardinalhealth.com
CARDIODX, INC
Company:
CardioDX, Inc
Phone: 650-475-2788
WebSite: www.cardiodx.com
Recent Revenue History (in millions): Private
Company Overview
CardioDX was founded in 2004 and is located in Palo Alto, California. The
company focuses on genomic diagnostics for coronary artery disease, cardiac
arrhythmia, and heart failure. The company is held by a group of private investors.
Products
The company offers the Corus CAD test which is a blood test to assess
symptoms that are consistent with CAD and to provide assessment to identify
patients by sex-specific results.
The company has other products in research and development for
arrhythmia and heart failure.
C.R. BARD
Company:
C.R. Bard
Address:
605 N. 5600 W.
Salt Lake City, UT 84116
WebSite: www.crbard.com
DANAHER CORPORATION
Company: Danaher Corporation
Phone: 202-828-0850
Address: : 2200 Pennsylvania Ave NW Suite 800 W
Washington, DC 20037
WebSite: www.danaher.com
Employees: 63,000
Recent Revenue History (in millions): 2011 $16,090.5
2012 $ 18,260.4
Company Overview
Danaher Corporation was founded in 1969 as Danaher Business Systems.
The company designs, manufactures, and markets professional, medical, industrial,
and commercial products and services. The companys businesses are divided into
five segments: test and measurement; environmental; life sciences and diagnostics;
dental and industrial technologies. Sales in 2012 by geographic destination were:
United States 43%; Europe, 26%; Asia/Australia, 21% and all other regions, 7%.
Danahers diagnostic business was established in 2004 with the acquisition
of Radiometer. The diagnostic business has expanded through numerous subsequent
acquisitions including the acquisitions of Leica Microsystems in 2005, Vision
Systems in 2006, Genetix in 2009, and Beckman Coulter in 2011. The companys
diagnostic businesses offer a broad range of products including analytical
instruments, reagents, consumables, software and services for use in hospitals,
physicians offices, reference laboratories and other critical care settings.
Products
The acquisition of Beckman Coulter in June 2011 has provided additional
sales and deeper involvement in cardiac diagnostics. Beckman Coulter is a leader in
protein analysis and has more than sixty tests for cancer detection, cardiac disease
thyroid function, and many others. Beckman Coulter offers the Access family of
DPIX, LLC
Company:
dpiX, LLC
Address: :
1635 Aeroplaza Dr
Colorado Springs, CO 80916
Phone: 719-457-7700
WebSite: www.dpix.com
that represents the two-dimensional image. Instead of using voltage levels to adjust
the light throughput in a display pixel, each sensor pixel senses a charge and
converts it to an electrical signal.
The medical market for the companys products include:
radiography/fluoroscopy; general x-ray; tomography; vascular studies; angiography;
urology; oncology; cardiology; and dental imaging.
FLUOROPHARMA MEDICAL
Company:
Fluoropharma Medical
Phone: 617-456-0366
WebSite: www.fluoropharma.com
CAD in combination with stress testing and for the improved detection of CAD
during multi-vessel disease.
VasoPET, which has completed preclinical studies, is an F-18 labeled agent
that accumulates in areas of inflammation. VasoPET may be used for the evaluation
of patients with acute coronary syndrome or risk of stroke, as well as therapy
following an acute cardiac event or stroke. The Azpet platform is in discovery and
involves multiple biomarkers for imaging and treatment of Alzheimer's disease.
In March 2012, FluoroPharma announced that it recruited SGS Life
Science Services as the contract research organization for its Phase II study of
CardioPET to assess myocardial perfusion and fatty acid uptake in coronary artery
disease patients.
GE HEALTHCARE
Company: GE Healthcare
Address: : Amersham Place
Little Chalfont
Buckinghamshire HP7 0NA
England
WebSite: www.gehealthcare.com
Employees: 46,000
Recent Revenue History (in millions): 2011 $1,700.0 (e)
2012 $ 1,800.0(e)
Company Overview
GE Healthcare is a $18 billion unit of the General Electric Co. Worldwide,
GE Healthcare employs more than 46,000 people in more than 100 countries. In April
2004, GE acquired Amersham plc, involved in medical diagnostics and life sciences.
Products include diagnostic imaging agents used in medical scanning procedures,
protein separations products including chromatography purification systems used in
the manufacture of biopharmaceuticals, and high-throughput systems for applications
in genomics, proteomics and bioassays.
GE Healthcare is a worldwide provider of a variety of technologies and
products including medical imaging and information technologies, medical
diagnostics, patient monitoring systems, drug discovery, and biopharmaceutical
manufacturing technologies. The company is based in the United Kingdom and is a
wholly owned subsidiary of General Electric Company. The business manufactures
sells and services a wide range of medical equipment including magnetic resonance
(MR), computed tomography (CT), positron emission tomography (PET) imaging, xray, digital x-ray, patient monitoring, diagnostic cardiology, nuclear imaging, and
ultrasound systems, among other products.
Address: :
Phone: 330-425-1313
WebSite: www.hitachimed.com
Phone: 732-524-0400
WebSite: www.jnj.com
Employees: 127,600
Recent Revenue History (in millions): 2011 $ 2,288
Cardio Care
2012 $1,985
Company Overview
Johnson & Johnson has approximately 127,600 employees worldwide
engaged in the research and development, manufacture and sale of a broad range of
products in the health care field. Johnson & Johnson operates as a holding company,
which has more than 275 operating companies. Johnson & Johnson was incorporated
in the State of New Jersey in 1887.
The Company is organized into three business segments: Consumer,
Pharmaceutical and Medical Devices and Diagnostics. Each segment account for
approximately one-third of total revenues. The Medical Devices and Diagnostics
segment includes products to treat cardiovascular disease; orthopedic and
neurological products; blood glucose monitoring and insulin delivery products;
general surgery, biosurgical, and energy products; professional diagnostic products;
infection prevention products; and disposable contact lenses. These products are
distributed to wholesalers, hospitals and retailers both directly and through surgical
supply and other distributors.
The Medical Devices & Diagnostics segment is further divided into company
brands. Those that manufacture and market catheter products include Cardiovascular
Care, consisting of Cordis and Biosense Webster electrophysiology and circulatory
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KING PHARMACEUTICALS
Company:
King Pharmaceuticals
Address: :
Phone: 423-989-8000
WebSite: www.kingpharm.com
Address: :
Building 200-2
331 Treble Cove Rd.
N. Billerica, MA 01862
Phone: 978-671-8001
WebSite: www.lantheus.com
PET imaging with flurpiridaz F-18 provided better image quality than technetium99m sestamibi SPECT, the current standard for the non-invasive detection of
coronary artery disease. Meanwhile, LMI 1195 is a new cardiac neuronal PET
imaging agent that has completed Phase I clinical trials. LMI 1195 is a F-18 small
molecule tracer designed to use PET imaging technology to improve the evaluation
and management of patients with heart failure.
In addition, the company is exploring a non-invasive imaging agent
that may be useful in identifying patients at risk of sudden cardiac death due to
plaque rupture. Researchers have identified a method to view and assess the
coronary arterial vasculature using a compound that binds to elastin, a protein found
in artery walls. In animal models, the molecule enables visualization of the full
thickness of arterial walls in an MRI scan.
In February 2012, Lantheus and Beijing Double-Crane
Pharmaceutical Co., LTD., announced a strategic distribution arrangement for
Definity Vial for (Perflutren Lipid Microsphere) Injectable Suspension in the
Peoples Republic of China, including Hong Kong and Macau. The 15-year
agreement is for exclusive distribution and supply of Definity, which is currently
approved in North America, Europe, and a number of other countries.
In May 2009, Lantheus Medical Imaging signed an agreement with NTP
Radioisotopes (Pty) Ltd., a subsidiary of the South African Nuclear Energy Corp.,
to manufacture and supply Lantheus with an ongoing volume of molybdenum-99
(Mo-99), a key isotope used in medical imaging procedures.
LIPOSCIENCE, INC
Company: LipoScience, Inc
Address:
Phone: 919-212-1979
WebSite: www.liposcience.com
Employees: 204
Recent Revenue History (in thousands):
2011 $ 45,807
2012 $54,798
Company Overview
LipoScience is a diagnostic company featuring personalized diagnostics
based on nuclear magnetic resonance technology. The company employs
approximately 204 individuals and is located in Raleigh,North Carolina.
Products
In the cardio diagnostics arena, the company offers the and MR LipoProfile
test which provides direct quantification of the number of LDL particles, as well as
additional measurements related to a patients risk for developing cardiovascular
disease. The companys automated clinical analyzer, the Vantera system, was
cleared by the FDA in August 2012 and became commercially available in
December 2012. The Vantera system requires no previous knowledge of a NMR
technology to operate and has been designed to significantly simplify complex
technology.
Phone: 714-889-3000
Address:
11075 Knott Ave.
Cypress, CA 90630
WebSite: www.medisonamerica.com
Address: :
Phone: 617-492-5554
WebSite: www.molecularinsight.com
NANOSPHERE, INC.
Company: Nanosphere, Inc.
Address:
Phone: 847-400-9000
4088 Commercial Av
Northbrooke, IL 60062
WebSite: www.nansphere.com
Employees: 151
Recent Revenue History (in thousands):
2011 $ 2,533
2012 $5,078
Company Overview
Nanosphere was founded in 2000 and is based on nanotechnology
discoveries at Northwestern University in Illinois. The company develops,
manufactures, and markets an advanced molecular diagnostic platform. This
platform, the Verigene System, provides simple, highly sensitive nucleic acid and
protein testing on a single platform. The Verigene system is easy to use, provides
rapid turnaround times, and has the ability to detect many targets on a single test.
Products
Within the cardiac diagnostic arena the company provides a
hypercoagulation test and the Warfarin metabolism test. In development, the
company has an ultra-sensitive protein test for cardiac troponin 14 diagnosis of
myocardial infarction, and identification of patients with acute coronary syndromes.
The company is exploring its potential to sell primary functional components of this
assay to commercial labs as a marker for cardiac risk.
PERKINELMER
Company:
Address:
PerkinElmer
Phone: 781-663-6900
WebSite: www.perkinelmer.com
PHILIPS HEALTHCARE
Company: Philips Healthcare
Address:
Phone: 978-659-3000
3000 Minuteman Rd
Andover, MA 01810
WebSite: www.healthcare.philips.com
Employees: 37,000
Recent Revenue History (in millions): 2011 $ 11,589
2012 $13,070
Company Overview
Royal Philips Electronics of the Netherlands is one of the worlds biggest
electronics companies, as well as the largest in Europe. The US is a key market for
Philips, accounting for one-third of the companys worldwide sales. All five of
Philips product divisions have a presence in the US.
Philips is positioned in the x-ray, ultrasound, nuclear medicine, patient
monitoring and automated external defibrillator device markets. Its portfolio
includes patient monitoring and ultrasound systems, diagnostic cardiology devices,
resuscitation products, x-ray, magnetic resonance, computed tomography products,
nuclear medicine and PET, information management and medical information
technology. The division is represented in more than 60 countries and employs over
30,000 people.
Philips Healthcare accounts for about 25% of Philips overall sales, making
healthcare the companys second largest contributor to companywide sales, after the
Consumer Electronics division. Philips has introduced the concept of automating the
entire MR examination with automatic planning, scanning and processing. Its
ExamCards are standardized customizable examinations that start at a single touch
and can be exchanged among users. Philips SmartExam uses anatomy recognition
and localization software to plan the MR study. Then ExamCard software
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automatically carries out the study and finishes processing the image data.
SmartExams anatomy recognition algorithm extracts the soft tissue features from
each data set and uses these features to localize the anatomy based on position,
orientation and size. The tool is self-adjusting.
Phone: 317-521-2000
WebSite: www.rochediagnostics.com
Employees: 3,500
Recent Revenue History (in millions): 2011 $ 11,000
2010 $10,900
Company Overview
Roche specializes in therapeutics and diagnostics. A major
jor focus for the
group is cancer therapies,
ies, but it also offers products in other areas such as influenza
and infection. Genentech, Chugai, and Roche Pharmaceuticals are part of the Roche
Group. The Roche Groups Pharmaceuticals Division consists of Roche
Pharmaceuticals, Genentech in the United States and Chugai in Japan. For 2007 and
beyond, a strategic focus has been in personalized
onalized healthcare. The company noted
that the benefits of personalized medicine can increase thee success rate of drugs in
development and bring clinically differentiated medicines to market.
The diagnostics division of Roche includes professional diagnostics, diabetes
care, molecular diagnostics,
stics, and applied science and tissue diagnostics. The
professional diagnostics segment is responsible for approximately 51% of Roche
Diagnostics 2012 revenue.
Products
Roche offers core lab offerings that include clinical chemistry,
immunoassays, hematology, coagulation and others. In March 2011, Roche
introduced a number of STAT immunoassays cardiac biomarker testing on the
cobas 6000 analyzer series. The nine minute STAT immunoassay tests include
troponin T, creatine kinase-AMB, myoglobin, and N-terminal pro-brain natriuretic
peptide and run on the cobras e- 601 analyzer, and integrated platform that offers
both clinical chemistry and immunoassay testing.
Another popular product is Roches CoaguChek. The CoaguChek XS Plus
System is the fifth generation of point-of-care anticoagulation monitoring devices
from Roche diagnostics. The system works with the RLS-plus information
management system and can hold up to 1,000 patient results and uses a sample size
of 8 mL. In October 2011, Roche expanded its coagulation testing product line in
North America beyond physician offices and outpatient clinics with the
development of a full line of coagulation analyzers for hospital and reference
laboratories. The new line
is expected to be introduced in 2014. The new
central coagulation lab, which will be marketed under
expected to include three platforms that address a range
low-volume testing to the high-throughput demands of
along with a complete menu of coagulation assays.
Locations
Roche has locations worldwide including North America, South America,
Latin America, Asia/Pacific and Japan.
SHIMADZU CORP
Company:
Address:
Shimadzu Corp
Phone: +81-75-823-1111
1, Nishinokyo-Kuwabara-cho
Nakagyo-ku
Kyoto 604-8511, Japan
WebSite: www.shimadzu.com
2012 $17,800
Company Overview
The Siemens Healthcare unit of Siemens AG employs 48,000 worldwide. The
company markets ultrasound products for the following markets: cardiology,
OB/GYN and radiology, among other areas.
storage, direct DICOM networking, stress echo, and contrast agent imaging. The
all-digital Sonoline G60 S ultrasound system is a portable, multi-specialty
ultrasound system providing comprehensive solutions in flexibility, workflow, and
performance in all applications.
Also within cardio diagnostics, Siemens offers the Dimension Vista System
Assay. The Dimension EXL system integrates chemistry and immunoassay testing
on a single instrument and includes a number of automated productivity-enhancing
features. In July 2011, Siemens expanded its cardiac marker menu by adding a DNP
assay to its Dimension Vista Intelligent Lab Systems. According to Siemens, the
company was the first clinical laboratory diagnostics company to offer customers
the choice of BNP or NT-pro-BNP testing on separate analyzers. This is designed to
promote greater flexibility and more options for cardiac care testing.
In the point-of-care arena the Stratus CS analyzer provides quantitative
assays de-dimmer PE exclusion, hsTroponin-I, CK-MB, myoglobin, NT-pro-BNP,
D-dimer, CardioPhase hsCRP and Bhcg.
Four coagulation testing, Siemens introduced the Innovance VWF Ac Assay
and the Sysmex CS-2000i/CS-2100 Automated Blood Coagulation Analyzer that
automatically performs pre-analytical sample quality checks.
Since its introduction in 1992, the Immulight family of systems has grown
to be a premier brand and immunoassay testing. The newest addition to the product
line is the Immulite 2000 XPi Immunoassy System that received FDA clearance in
May 2011. The analyzer offers the largest automated immunoassay test menus
available and features several innovative hardware and software solutions to
enhance productivity and efficiency.
St Jude Medical
Phone: 651-756-2000
WebSite: www.sjm.com
Employees: 16,000
Recent Revenue History (in millions): 2011 $ 5,612
2012 $ 5,503
Company Overview
St. Jude Medical, Inc. develops, manufactures and distributes cardiovascular
medical devices for the global cardiac rhythm management, cardiovascular and atrial
fibrillation therapy areas and neurostimulation medical devices for the management
of chronic pain. St. Jude Medical is headquartered in St. Paul, Minnesota and has four
major focus areas that include: cardiac rhythm management, atrial fibrillation,
cardiovascular and neuromodulation. The St. Jude Medical product portfolio includes
implantable cardioverter defibrillators (ICDs), cardiac resynchronization therapy
(CRT) devices, pacemakers, electrophysiology catheters, mapping and visualization
systems, vascular closure devices, structural heart products, spinal cord stimulation
and deep brain stimulation devices. St. Jude Medical employs more than 16,000
people worldwide. The principal geographic markets for our products are the United
States, Europe, Japan and Asia Pacific. St. Jude Medical was incorporated in
Minnesota in 1976.
Its principal products are cardiovascular; vascular products, which include
vascular closure products, pressure measurement guidewires, optical coherence
tomography (OCT) imaging products, vascular plugs and other vascular accessories,
and structural heart products, which include heart valve replacement and repair
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in whole or in any part, is strictly prohibited
Products
The DragonFly intravascular imaging catheter for the diagnosis and
treatment of coronary artery disease. Products for the transcatheter treatment of
structural heart defects are available including interventions for holes in the septum
between the right and left sides of the heart and device closure for patients with
PFO.
Phone: 732-302-4900
WebSite: www.terumomedical.com
Address:
Edisonstrasse 6
85716 Unterschleissheim
Munich, Germany
WebSite: www.tomtec.de
Phone: 800-421-1968
2441 Michelle Rd
Tustin, CA 92780
WebSite: www.medical.toshiba.com
Employees: 210,000 total Toshiba
Recent Revenue History (in billions): 2011 $ 64.6
Toshiba)
Company Overview
Toshiba America Medical Systems markets, distributes and services
diagnostic imaging systems, and coordinates clinical diagnostic imaging research in
the US. Toshiba Medicals products include CT, x-ray, ultrasound, nuclear
medicine, MRI and information systems.
Products and Services
In the MRI area, Toshiba markets the Vantage 1.5T Ultra-Short Bore MRI
system. The product is an ultra-short, ultra-wide-bore system. Its magnet offers more
homogeneity than other 1.5T systems. Vantage's ultra-short bore magnet and 65.5 cm
gantry opening provide a feeling of openness for the patient. Other Vantage products
include the Vantage Titan with a 71 cm aperture. It provides the largest clinical fieldof-view of any ultra-short, open bore system (55 x 55 x 50 cm). The Titan also is
available in 3T. Toshiba's Vantage systems are available with contrast-free magnetic
resonance angiographic techniques.
In October 2011, Toshiba unveiled enhancements to its Vantage Titan MR
product line, including a high-density 16-channel flexible coil system. The 16channel flexible coil system conforms closer to the anatomy, improving signal-tonoise ratio for more accurate images.
Toshiba also offers the Ultra with a gradient performance that facilitates
higher resolution imaging with thinner slices and smaller fields of view, better image
quality, and faster scanning capabilities. It features a 25 milli-T per meter amplitude;
100 T per meter per second slew rate; and high resolution imaging, among other
features. Ultra's 100 m/T/s allows the gradient speed to be nearly five times that of
current open systems, and 250% greater than higher Tesla open systems. Superior
gradient performance allows the application of high-field imaging techniques: single
shot EPI diffusion; true SSFP; superFASE (Fast Advanced Spin Echo); and black
blood MRA.
Toshiba also is marketing the Opart, a cryogen-free, superconducting, midfield (0.35T) MR system that offers an open design and high-field applications.
Toshiba offers fresh blood imaging, which is good for evaluating peripheral
vascular diseases of the lower extremities. Other techniques available include
contrast-free improved angiography, which adds systolic black blood imaging to
reduce ghosting and improve arterial and venous flow separation. In September 2011,
Toshibas advanced M-Power interface received FDA clearance. M-Power is a
customizable MR system user interface enabling technologists to streamline and
accelerate scanning processes and enhance diagnoses.
Toshiba has a number of products in the ultrasound area, including the Aplio
Artida cardiology ultrasound system for cardiac 4D. Toshibas 2D/3D wall motion
tracking features allow the user to obtain angle-independent, quantitative and regional
information about myocardial contraction. This ability to identify wall motion defects
and heart timing will greatly improve cardiac resynchronization therapy (CRT) using
pace makers by determining who will be a responder to CRT and who will probably
not.
In March 2006, Toshiba introduced a comprehensive cardio offering for its
Aplio CV, the companys all-digital ultrasound system for advanced cardiovascular
applications. The technology allows for improvements in a variety of cardiac
procedures including stress echo, contrast harmonics, and tissue Doppler imaging,
which quantifies CRT and biventricular pacing. The comprehensive cardio package
features dyssynchrony imaging (DI), a rapid visual assessment technique that
evaluates electrical timing events within the heart. Toshibas DI technique aids
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in whole or in any part, is strictly prohibited
TRIXELL
Company:
Address:
Trixell
WebSite: www.trixell.com
images for both fluoroscopy (up to 30 images per second) and radiography
applications. The Pixium 3543pR is a wireless digital detector for radiographic Xray exams. The Pixium 4343R is a new technology digital radiographic imaging
flat-panel detector.
The Trixell flat-panel detectors are based on a cesium iodide
scintillator (CsI) and an active amorphous silicon array, controlled by ultra-low
noise electronics. The basic Trixell flat-panel x-ray detector consists of a matrix of
photodiodes, made from amorphous silicon, which is covered with a cesium iodide
scintillator. X-rays are absorbed in the CsI layer and are converted into visible
photons, which in turn generate electric charges in the photodiodes. Each pixel of
the matrix is connected to a row line for driving voltages and to a column line for
readout via an active switching element, which may be either a thin-film diode or a
thin-film transistor. The electric charges are read out in parallel for one row. The
signals are then multiplexed and converted to digital inside the detector housing.
The data are transmitted via a fiber-optic link to the acquisition system, where
digital processing is performed.
VASCULAR SOLUTIONS
Company:
Address:
Vascular Solutions
Phone: 763-656-4300
WebSite: www.vasc.com
VERMILLION, INC
Company: Vermillion, Inc
Address:
Phone: 512-519-0400
WebSite: www.vermillion.com
Employees: 20
Recent Revenue History (in thousands):
2011 $ 1,923
2010 $2,094
Company Overview
Vermillion discovers, develops and commercializes diagnostic tests. The
companys concentration has been in the field of GYN oncology, which led to the
approval of OVA1. The company is located in Austin, Texas and employs 20
individuals.
Products
In the cardiac diagnostic arena, Vermillion is expanding its menus to include
cardiac markers. The company is developing B2m (Beta-2 microgloblin) and CRP as
biomarkers for peripheral artery disease. The company is also developing a test for
the diagnosis and clinical evaluation of thrombotic thrombocytopenic purpura (TTP),
a blood disorder that can directly affect cardiac function.
VOLCANO CORP
Company: Volcano Corp
Address:
Phone: 916-638-8008
WebSite: www.volcanocorp.com
Employees: 1,565
Recent Revenue History (in millions): 2011 $ 343,546
2012 $381,866
Company Overview
Volcano develops catheter-based intravascular ultrasound systems (IVUS) and
related products for diagnosing heart disease, including atherosclerosis. Volcano's
IVUS allow physicians to acquire images of diseased vessels from inside the artery.
They give information about the condition of arteries as well as plaque and lesions.
The IVUS products consist of consoles, single-procedure disposable catheters and
advanced functionality options.
IVUS technology uses advanced spectral analysis techniques to simplify the
interpretation of ultrasound images and provide detailed information on the
composition of each patient's atherosclerotic plaques. IVUS provides detailed
measurements of lumen and vessel size, plaque area and volume, and the location of
key anatomical landmarks. The technology helps differentiate the four plaque types:
fibrous, fibro-fatty, necrotic core, and dense calcium.
Products
Volcanos IVUS imaging products include: the Eagle Eye Gold intravascular
ultrasound imaging catheter; the Visions PV .018 F/X intravascular ultrasound
imaging catheter; the Visions PV 8.2F intravascular ultrasound imaging catheter; and
the Revolution 45 MHz.
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in whole or in any part, is strictly prohibited
MARKET OVERVIEW
The global cardiac diagnostics market totaled approximately $13.2 billion
in 2012, increasing at a rate of 3.1% from $12.4 billion in 2010. There are several
trends which continue to influence growth in this market. Economic conditions in
several markets remained challenging in 2012. Demand for cardiovascular
diagnostics slowed during the historical period due to a weakened global economy,
cost cutting measures and healthcare reform issues. However, demographics
worldwide and an aging world society remain primary factors in growth. By 2020,
16 percent of the US population will be over the age of 65, up from 13 percent in
2010. People are also living longer, needing more health care, further fueling the
market. In 1980, the US life expectancy at birth was 74 years, today the average
American lives to be 78 years old.
Advancing technologies have also led to increased use less invasive and more
sophisticated cardiac diagnostics. A trend toward preventive care, education of
cardiovascular risk factors and earlier treatment of cardiovascular disease has been
driving factors.
The market is expected to increase to approximately $16.6 billion in 2017,
growing at a rate of 4.8% throughout the forecast period. New technologies in
testing will likely continue to fuel growth in combination with an aging population,
Revenues (millions$)
12,392.0
12,736.0
13,176.0
13,701.0
14,298.5
14,987.3
15,762.0
16,632.0
Percent Change
2.8%
335%
4.0%
4.4%
4.8%
5.2%
5.5%
3.1%
4.8%
4.3%
$18,000
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
2010
2011
2012
2013
2014
2015
Calendar Year
Source: Kalorama Information
2016
ECG
Cardiac Markers
Cardiac diagnostic imaging is the largest category within the global cardiac
diagnostic market with 50.5% of the total revenues.
Cardiac contrast agents and radiopharmaceuticals accounted for 20.8% of
revenues in 2012 and cardiac markers accounted for 14.3% of revenues. Growth in
these two areas has been growing.
ECG equipment accounted for 8.4% of revenues in 2012 and is expected to
continue to increase as the elderly population grows and the incidence of heart
disease continues to increase.
Overall, increasing incidence of heart disease and an aging population,
which typically require more diagnostic procedures, will continue to fuel growth for
cardiac diagnostics throughout the forecast period.
PERCENT OF
MARKET
8.4%
50.5%
6.0%
14.3%
20.8%
100.0%
Figure 9-2
CardiacDiagnosticType2012
20.8%
8.4%
ECG
Imaging
14.3%
50.5%
6.0%
POC
Markers
ContrastAgents
PERCENT OF
MARKET
8.3%
50.4%
6.1%
15.3%
19.8%
100.0%
Figure 9-3
CardiacDiagnosticTypes 2017
19.8%
8.3%
ECG
Imaging
15.3%
50.4%
6.1%
POC
Markers
ContrastAgents
United States
Europe
Japan
Rest of World
Europe
Europe is experiencing similar issues as the United States. Demographically,
the population is aging, people are experiencing longer life expectancies which has
led to an increasing number of sicker patients across all care settings..
As in the US, European governments are facing rising health care costs, and
they have limited some health care related expenditures. Some cardiac diagnostic
equipment purchases have been affected.
Europe, particularly Western Europe,
benefits from high levels of healthcare coverage, but many of these countries face
challenges such as rising costs, increasing expectations and the impact on
government debt of the financial crisis. Europes primary risk to healthcare levels
comes from an aging population, which is putting upward pressure on costs as well
as reducing the viability of existing funding mechanisms.
But the market should recover somewhat, as there is a need for cardiac
diagnostics. Technological advancements in all areas of cardiac diagnostics are
increasing contrast image and resolution, improving workflow, increasing patient
throughput and reducing scan time and more. Much of the focus is on improving
patient comfort. A growing need for effective diagnosis is driving the demand for
cardiac diagnostic products. Europe ranks with the US as one of the most developed
cardiac diagnostic markets.
Japan
Japan has experienced similar demographic, economic and financial issues
as the United States and Europe. The earthquake in early 2011 created new demand
for medical equipment during the rebuilding period. This trend is expected to
continue for the next two years and then level off again. The countrys health care
institutions are early adopters of newer cardiac diagnostic equipment, making it a
prime market opportunity.
Rest of World
In Rest of World the cardiac diagnostic markets are continuing to flourish.
For example, India, whose population exceeds one billion people, has significantly
increased its healthcare expenditures over the past decade to more than $37 billion
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in whole or in any part, is strictly prohibited
Revenues
US
Europe
Japan
Rest of World
Total
$6,271.4
3,241.3
1,331.1
2,332.2
$13,176.0
% of
Global Market
47.6
24.6
10.1
17.7
100.0
Figure 9-4
2012
7000
6000
5000
4000
2012
3000
2000
1000
0
US
Europe
Japan
RestofWorld
PercentofGlobalMarket
US
Europe
Japan
RestofWorld
Table 9-5
Revenues
US
Europe
Japan
Rest of World
Total
$7,733.9
3,825.4
1,812.9
3,259.8
$16,632.0
% of
Global Market
46.5
23.0
10.9
19.6
100.0
2017
9000
8000
7000
6000
5000
2017
4000
3000
2000
1000
0
US
Europe
Japan
RestofWorld
PercentofGlobalMarket
US
Europe
Japan
RestofWorld
Competitive Analysis
The global cardiac diagnostic market is highly competitive with a large
number of providers. Companies remain competitive by offering high-quality
products for the healthcare community including patients, hospitals and clinics.
Four companies, GE, Siemens, Philips and Toshiba, dominate the industry with
combined cardiac diagnostics revenues of nearly $10.5 billion in 2012.
GE Healthcare is the leading cardiac diagnostics provider worldwide with a
28% market share for 2012. GE Healthcares cardiac diagnostic revenues were
estimated at $3,689.3 million for the year. GE Healthcare is a major participant in the
ECG testing market and cardiac diagnostic imaging markets (CT market, X-ray
market, ultrasound market, and MRI market).
Siemens secured the second market position in the cardiac diagnostics market
with 2012 estimated revenues of $2,898.7 million and a 22% market share. Siemens
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in whole or in any part, is strictly prohibited
is a major participant in the cardiac diagnostic imaging market (CT market, X-Ray
market, ultrasound market, and MRI market) and the cardiac markers market.
Philips Healthcare held the third position with 20% of the total market with
revenues estimated at $2,635.2 million. Philips is a major participant in the ECG
testing market and the cardiac imaging market (CT market, X-Ray market, ultrasound
market, and MRI market).
Toshiba secured the fourth market position with a 10% market share with
estimated revenues for cardiac diagnostics of $1,317.6 million. Toshiba is a major
participant in the cardiac imaging market.
The remaining 20% market share revenues of $2,635.2 million are divided
among a host of other companies including Alere , Roche Diagnostics, Response
Medical, Abbott Diagnostics, and many others.
Table 9-6
Revenues Estimates
(in millions)
3,689.3
2,898.7
2,635.2
1,317.6
2,635.2
13,176.0
Market Share
(%)
28.0%
22.0%
20.0%
10.0%
20.0%
100.0%
Philips
20.0%
Toshiba
10.0%
Siemens
22.0%
Others
20.0%
GE
28.0%
Source: Kalorama Information
DEMOGRAPHICS
There are approximately 7.1 billion people living in the world today with
more than 60% of these in Asia, 14% in Africa, 11% in Europe, 8% in North
America, 6% in South America, and less than 1% in the Oceania region. By 2050,
the world population is expected to grow by nearly 3 billion reaching 9.4 billion
worldwide. The U.S. Census Bureau estimates that nearly 130 million live births
take place each year worldwide and approximately 55 million people die each year,
which reflects growth of 1.13% over 2010.
World
6,090.7
6,895.9
6,974.0
7,632.2
8,323.4
8,924.6
9,441.1
1.2%
1.1%
1.1%
.87%
.70%
.56%
Population
(millions)
1980
1990
2000
2010
2020
228
250
282
309
336
% Growth
0.9%
1.2%
0.9%
0.8%
The future will likely show an increase in the number of Americans over the age of
65, incredibly growing to 87 million in 2050 or 20.7% of the population.
Table 10-4
Over 65 Population
(millions)
% of Total
U.S.
Population
2000
2010
2020
2030
2040
2050
35
40
55
72
80
87
12.4%
13.0%
16.3%
19.6%
20.4%
20.7%
Life Expectancy
Life expectancy has been increasing around the world due to advances in
healthcare, medical research, sanitation, and nutrition. This provides a setting for
increasing incidence of disease and a focus on preventive care as the population
continues to add years to their life.
In the U.S. a child born in 1900 had roughly a 50 percent chance of living to
the age of 50. By 1980, the U.S. life expectancy at birth rose to 74 years of age (77
for female and 70 for male). By 2004 the average life expectancy in the U.S. had
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in whole or in any part, is strictly prohibited
risen to approximately 78 years of age. Life expectancy by gender is also a key factor
in aging disease as women often live longer, but they show higher incidence of the
disease over their lifetime.
Table 10-5
Average U.S. Life Expectancy in Years 1980, 2004, 2006, 2010, 2011 (years)
Gender
Women
Men
United States
Average
1980
2004
2006
2010
2011
77
70
74
81
75
78
81
75
78
81.0
76.2
78.7
81.1
76.3
78.7
Source: U.S. National Center for Health Statistics, Vital Statistics of the United States; Kalorama
Information
Average U.S. Life Expectancy in Years 1980, 2004, 2006, 2010, 2011
85
Women
Women
80
Men
Women
Men
Men
Years
75
70
65
60
55
1980
2004
2006
2010
2011
Source: U.S. National Center for Health Statistics, Vital Statistics of the United States; Kalorama
Information
is currently designing improved catheters and other tools that will be more visible
under MRI. The National Heart, Lung and Blood Institute also hopes to use MRI to
guide non-surgical catheter treatments in the future
HEALTHCARE REFORM
The U.S. healthcare system is the most expensive in the world, and costs are
continuing to climb. According to data from the Centers for Medicaid and
Medicare Services, healthcare expenditures in the United States in 2010 were $2.6
trillion, almost a ten-fold increase over the $256 billion spent in 1980 and almost a
100-fold increase over the $27.4 million spent in 1960.
To try to address this problem, the Patient Protection and Affordable Care
Act was signed into law by President Obama on March 23, 2010. This law affects
the cardiac diagnsotics market in many ways. It has a positive impact in that 33
million more people in the United States will be covered by health insurance.
However, there are also aspects of the law that are meant to try to control healthcare
costs. For example, for the clinical laboratory market, the act and a pending
package of additional changes include adjustments to the clinical laboratory fee
schedule, the technical component of certain pathology services, the date of service
demonstration project, prevention and wellness services, and more.
Most important is the attempt to base the use of tests and technologies on
patient outcome benefits as proven by medical evidence and research. Public and
private payers have always used this approach in their reimbursement policies, but
now there is expected to be a more standardized application of these principles. The
major objective is to provide safe products with an eye for cost effectiveness and
also to avoid redundancies as patients go from physician, to hospital, and then to
home.
One important part of the Affordable Care Act is the creation of
accountable-care organizations (ACOs), which are groups of healthcare providers
(hospitals, doctors, and other providers) that coordinate care to Medicare patients
that they serve. The goal is to ensure that patients receive the right care at the right
analysis of new cardiac diagnostic tests will be an even more important issue in the
future.
Conclusions
There are a number of factors affecting this market, which are slowing
growth. However, there are other factors that are poised to help propel the market
forward.
Conclusion 1: The aging world population will increase demand for cardiac
diagnostics.
The aging population worldwide coupled with longer life expectancies is
creating more demand for cardiac diagnostics both in the institutional settings and
in the home setting.
Conclusion 2: There is a growing desire in developed and developing countries
to invest in health care.
Growth rates in US, western and northern Europe and Japan have moderated
but in many other areas spending on healthcare is increasing leading to a demand
for cardiac diagnostics. New construction and hospital remodels are prompting the
need for new and updated cardiac diagnostic equipment especially in Asia, the
Middle East and Latin and South America.
Conclusion 3: Health care reform in the United States is creating stress in the
market
Healthcare reform in the United States is causing apprehension in the
medical beds market. Passage of the Patient Protection and Affordable Health Care
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in whole or in any part, is strictly prohibited
Eleven: Conclusions
184
Act and the Health Care and Education Reconciliation Act impose a 2.3 percent
excise tax on medical devices beginning in January 2013. This may affect pricing
and consequently sales of cardiac diagnostics in the future in the United States.
Conclusion 4: The rising incidence of cardiac diseases will contribute to growth
in the future.
There has been rising incidence of cardiac diseases due to obesity and
diabetes which complicate recovery. This has created a need for continued care. The
trend is to move the patient through the hospital stay faster and move them to a
lower acuity setting. This provides more demand for more sophisticated care of
patients in these alternative settings which require improved technologies.
List of Companies
Abbott Diagnostics
675 N Field Dr
Abbott Park, IL 60064
847-937-6100
Analogic Corporation
8 Centennial Dr
Peabody, MA 01906
978-326-4000
Acusphere
99 Hayden Ave Suite 385
Lexington, MA 02421
617-648-8800
Ani Biotech Oy
Tiiltie 3
FI-01720 VANTAA
Finland
358 (0) 10 155 7510
Athena Biotechnologies AB
Fogdevreten 2A
Stockholm 17177
Sweden
46 8 50 88 47 4 4
Bayer Healthcare
Mulerstrasse 178
133353
Berlin
Germany
+49 30 468 111
Appendix
186
bioMerieux SA
69280 Marcy lEtoile
France
+33 04 78 87 20 00
Biosense Webster, Ltd.
4 Hatnufa St POB 275
Yokneam 20692
972-4-813-2884
Boston Scientfic, Inc
One Boston Scientific Place
Natick, MA 01760
508-650-8000
Bracco SpA
Via E. Folli 50
20134
Milan
Italy
+39 02 21 77 1
BRAHMS/Fisher
Thermo Fisher Scientific
Clinical Diagnostics
Neuendorfstrasse 25
D-16761 Hennigsdorf
+49 3302 883 0
Cambridge Heart, Inc
100 Ames Pond Dr
Cambridge, MA
Cardinal Health
7000 Cardinal Place
Dublin, OH 43017
614-575-5000
CardioDX Inc
2500 Faber Place
Palo Alto, CA 94303
650-475-2788
Appendix
187
LifeSign Medical
85 Orchard Rd
Skilman, NJ 08558
732-246-3366
LipoScience Inc
2500 Sumner Blvd
Raleigh, NC 27616
919-212-1979
Appendix
188
Philips Healthcare
3000 Minuteman Rd
Andover, MA 01810
978-659-3000
Polymer Technology Systems, Inc
7736 Zionsville Rd
Indianapolis, IN 46268
317-870-5610
Rennesens GmbH
Hauptstr 30
Berlin
Germany 10827
+49-30-787-10911
Response Biomedical Corp
1781-75th Ave W
Vancouver, BC
Canada
604-456-6010
Roche Diagnostics
9115 Hague Rd
Indianapolis, IN 46250317521-2000
Schiller Healthcare India Pvt Ltd
DC Mill Compound, A Wing
1st Floor, 5 Chunavala Estate
Kondivitta Lane,Anderi Kurla
Road, Andheri (E)
Mumbi-400059, Marharashtra
India
+91 22 56920520
Shimadzu Corporation
1, Nishinoko, Kuwabara-cho
Nakagyo-Ku
Kyoto 604-8511
Japan
+81-75-823-1111
Appendix
189