Medtronic’s market dominance under threat as Adagio Medicals cryoablation catheter successfully treats its first patients, says GlobalData

Following the recent announcement that Adagio Medical, Inc. have successfully treated their first patients with its new One Shot+ cryoablation catheter,

Sheryl Tang, Senior Analyst for Medical Devices at GlobalData, offers her view on what this means for the market:

“The cryoablation market is set for disruption as Adagio Medical, Boston Scientific and a number of other smaller companies enter the space to challenge the market dominance of Medtronic’s devices.

“The global electrophysiology ablation catheters market is relatively new and fast growing, with cryoablation catheters contributing 27% of market value and growing at an impressive compound annual growth rate (CAGR) of 5%, according to the latest research by GlobalData.

‘‘In the face of this new competition, Medtronic will need to leverage their reputation and the provenance of their cryoablation device in order to protect and maintain their market dominance.’’

ENDS

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