We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Medtronic plc (MDT - Free Report) recently announced the launch of the Telescope guide extension catheter, which will provide backup support and access to distal lesions. This marks the med-tech major’s foray into the guide extension catheter market.
Details About the Catheter
The design of the Telescope guide extension catheter ensures smooth delivery of interventional devices in the most challenging coronary cases. The catheter enables physicians to access complex lesions with top-notch deliverability. The guide extension technology has enhanced the ability to deliver devices to the distal coronary vasculature, particularly in cases where traditional guide support is restricted.
According to Medtronic, once the Telescope is positioned near the target lesion, SmoothPass technology helps to channel stents, balloons, and other interventional devices into place with ease.
Prior to this launch, in order to experience better market acceptance of the product, the company has collaborated with more than 700 interventional cardiologists to ensure Telescope was addressing unmet needs in complex Percutaneous Coronary Intervention.
Market Prospects
Per Research and Markets, the global micro guide catheters market is estimated to see a CAGR of 8.75% during the 2017-2021 period. Hence the launch of this catheter is well-timed.
Recent Developments
In the past few years, Medtronic has added several new products to its Cardiac and Vascular portfolio.
In May 2017, Medtronic announced the FDA clearance and U.S. launch of the Resolute Onyx Drug-Eluting Stent (DES). The Resolute Onyx DES builds on the verified clinical performance and enhanced deliverability of the Resolute Integrity DES. The CSH division of the company has been consistently seeing growth in the United States on strong adoption of the Resolute Onyx drug-eluting stent.
Apart from this, a few products within the coronary portfolio of the med-tech major are Euphora line of pre- and post-dilatation balloon catheters, the DxTerity(TM) TRA Diagnostic Catheter, Launcher Guide Catheter, all of which are commercially available in the United States as well as Europe.
Price Performance
Over the past year, Medtronic’s stock has outperformed the industry it belongs to. The stock has rallied 2.8% compared with the industry’s rise of 0.5%.
Masimo’s long-term earnings growth rate is projected at 16.1%
CONMED’s long-term earnings growth rate is expected at 13.3%.
DENTSPLY SIRONA’s long-term earnings growth rate is predicted at 11.5%.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities. These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Image: Bigstock
Medtronic (MDT) Launches Telescope Guide Extension Catheter
Medtronic plc (MDT - Free Report) recently announced the launch of the Telescope guide extension catheter, which will provide backup support and access to distal lesions. This marks the med-tech major’s foray into the guide extension catheter market.
Details About the Catheter
The design of the Telescope guide extension catheter ensures smooth delivery of interventional devices in the most challenging coronary cases. The catheter enables physicians to access complex lesions with top-notch deliverability. The guide extension technology has enhanced the ability to deliver devices to the distal coronary vasculature, particularly in cases where traditional guide support is restricted.
According to Medtronic, once the Telescope is positioned near the target lesion, SmoothPass technology helps to channel stents, balloons, and other interventional devices into place with ease.
Prior to this launch, in order to experience better market acceptance of the product, the company has collaborated with more than 700 interventional cardiologists to ensure Telescope was addressing unmet needs in complex Percutaneous Coronary Intervention.
Market Prospects
Per Research and Markets, the global micro guide catheters market is estimated to see a CAGR of 8.75% during the 2017-2021 period. Hence the launch of this catheter is well-timed.
Recent Developments
In the past few years, Medtronic has added several new products to its Cardiac and Vascular portfolio.
In May 2017, Medtronic announced the FDA clearance and U.S. launch of the Resolute Onyx Drug-Eluting Stent (DES). The Resolute Onyx DES builds on the verified clinical performance and enhanced deliverability of the Resolute Integrity DES. The CSH division of the company has been consistently seeing growth in the United States on strong adoption of the Resolute Onyx drug-eluting stent.
Apart from this, a few products within the coronary portfolio of the med-tech major are Euphora line of pre- and post-dilatation balloon catheters, the DxTerity(TM) TRA Diagnostic Catheter, Launcher Guide Catheter, all of which are commercially available in the United States as well as Europe.
Price Performance
Over the past year, Medtronic’s stock has outperformed the industry it belongs to. The stock has rallied 2.8% compared with the industry’s rise of 0.5%.
Zacks Rank and Stocks to Consider
Medtronic currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader medical space are Masimo Corporation (MASI - Free Report) , CONMED (CNMD - Free Report) , DENTSPLY SIRONA (XRAY - Free Report) , each currently carrying a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Masimo’s long-term earnings growth rate is projected at 16.1%
CONMED’s long-term earnings growth rate is expected at 13.3%.
DENTSPLY SIRONA’s long-term earnings growth rate is predicted at 11.5%.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities. These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>