1 Heart Device Maker Doubling Down in Europe

Before you go, we thought you'd like these...
Before you go close icon

The market for heart valves is heating up in Europe. Despite the cardiovascular device industry's pricing pressures and competitive landscape, the heart valve industry is projected to grow to $2 billion within the next five years. Medtronic's already one of the top players in Europe with its CoreValve device, but the company won another victory recently when European regulators gave the CoreValve CE Mark approval to be used in valve-in-valve replacements, a first for the industry.

Why is this important? Medtronic's battling with Edwards Lifesciences's Sapien heart valve for market share in Europe, and upstarts Boston Scientific and St. Jude Medical are looking to punch into the European industry with their Lotus and Portico valves, respectively. Medtronic's valve-in-valve approval gives the company a leg up on its competition, but is it enough to entrench this firm as a leader in the industry? Motley Fool contributor Dan Carroll and health-care analyst Max Macaluso discuss what you need to know below.

While you can certainly make huge gains in biotech and pharmaceuticals, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report, "3 Stocks That Will Help You Retire Rich," names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

The article 1 Heart Device Maker Doubling Down in Europe originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. Max Macaluso, Ph.D. has no position in any stocks mentioned. The Motley Fool owns shares of Medtronic. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading