Millennium Research Group (MRG)
has conducted a detailed analysis of surgical procedures in its US Surgical
Procedure Volumes 2007 report, which is intended to serve as a valuable
tool to identify opportunities in the surgical space for pharmaceutical
companies. More patients prefer drugs rather than going under the knife in
an invasive surgical procedure and innovative pharmaceutical companies are
meeting this need through new drug therapies.
"There is tremendous opportunity for pharmaceuticals to target the
surgical space," says Adrienne Lovink, Manager at MRG. "For example, in the
cardio space drugs such as Lipitor have served as the first line of
treatment for cardiovascular patients and have prevented patients from
going under the knife."
Stress urinary incontinence (SUI) is another treatment shifting over to
drugs. Before 2004 (SUI) was dominated almost exclusively by surgical
treatment and other nonpharmacological approaches; major-market sales of
the few drugs used to treat this condition barely topped $5 million.
However, by 2013, the SUI pharmaceutical market will reach $378 million.(1)
Key pharmaceutical companies that are investigating markets in surgical
procedures include Arachnova, Merck & Co, Wyeth, Ferring, Pfizer, Novo
Nordisk, Eli Lilly, AstraZeneca, Bristol-Myers Squibb, GlaxoSmithKline.
MRG's US Surgical Procedure Volumes 2007 covers over 200 different
procedures including anesthetic, cardiovascular, dental, diagnostic
imaging, endoscopy, general surgery, gynecology, neurosurgery,
ophthalmology, orthopedics, urology, and varicose vein procedures. MRG also
has similar coverage of Japanese and European surgical procedures.
About Millennium Research Group
Millennium Research Group (MRG), a Decision Resources, Inc.
company (DecisionResources), is the global authority on medical
technology market intelligence and a leading provider of strategic
information to the health care sector. Focused solely on the medical
device, pharmaceutical, and biotechnology industries, the company provides
its clients with the benefits of its specialized industry expertise through
published reports and customized consulting services.
All company, brand, or product names contained in this document may be
trademarks or registered trademarks of their respective holders.
(1) According to Decision Resources
Millennium Research Group
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