Mon. Jun 17th, 2024
New Cardiac Ablation Technology Drives High Demand for Medtronic

Medtronic has experienced strong demand for its pulsed field ablation (PFA) system, which is a non-thermal electrical pulse treatment for atrial fibrillation. During an earnings call on May 23, 2024, Sean Salmon, president of Medtronic’s cardiovascular portfolio, discussed the high interest in the U.S. market for this technology. The enthusiasm matches that of Boston Scientific, another company that recently introduced its PFA system after FDA approval in late 2023. The interest from both medtech companies and Wall Street analysts has been significant, with Medtronic projecting significant growth in the PFA product category by the end of the 2025 fiscal year.

Medtronic’s cardiac ablation solutions business expanded by 21% in the fourth quarter of the fiscal year, while the cardiac rhythm and heart failure segment saw a 1.3% increase year-over-year to $1.59 billion. Despite this growth, Medtronic’s cryoablation business has declined. However, the company is focused on launching a second PFA system called Affera and gaining international approvals for its products. Additionally, Medtronic is increasing manufacturing capacity to meet growing demand for its products.

In addition to expanding its PFA offerings, Medtronic is also focusing on competing with Intuitive Surgical in the soft tissue surgical robot market through clinical studies of its Hugo robot. As a result of these efforts, readers are encouraged to become subscribers to continue reading this article and stay up-to-date with all of Medtronic’s latest developments in the medical device industry.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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