Reports from a major meeting of cardiologists this week suggest a shift may be on the way in the market for drug-coated heart stents.
Both Fridley-based Medtronic Inc. and Boston Scientific Corp. introduced results from separate studies indicating their next-generation stents are superior to older versions.
Wells Fargo analyst Larry Biegelsen said in a note to investors that the evidence suggests that Medtronic and Boston Scientific's products could account for 21 to 23 percent of the $3.8 billion worldwide market by 2014.
That means Illinois-based Abbott Laboratories' recent domination of the market will come under fire.
Stents are tiny metal sleeves that prop open clogged heart arteries. When coated with drugs, vessels are less likely to reclog.
Medtronic's stent, called Resolute, is the new version of its original Endeavor product. The stent is designed to release its drug into the body more slowly, preventing the artery from renarrowing and minimizing repeat treatments.
The company's study involved 1,402 patients in the United States and found that 4.7 percent treated with the newer stent died for heart-related reasons, suffered a heart attack or needed retreatment within a year. The older Endeavor stent had a 6.5 percent rate of complications.
The companies are presenting the data at the American College of Cardiology meeting in New Orleans.