ABIOMED, Inc. ABMD recently announced that its Impella CP with SmartAssist will be commercially available at the 2019 Society for Cardiovascular Angiography & Interventions (“SCAI”) Scientific Sessions. Additionally, majority of the Impella CP heart pumps will be transitioned to SmartAssist in fiscal 2020.
This fortifies ABIOMED’s foothold in the cardiovascular devices market.
Impella CP With SmartAssist
ABIOMED’s Impella CP with SmartAssist is designed to improve patient outcomes using real-time intelligence. Notably, it received FDA approval in 2018 in the United States.
Impella CP with SmartAssist is the only mechanical circulatory support device that calculates and displays left ventricular end-diastolic pressure, mean arterial pressure and cardiac power output. It is known for greater hemodynamic support.
It is encouraging to note that Impella CP received the Japanese PMDA (Pharmaceuticals and Medical Devices Agency) approval in the recently reported fiscal fourth quarter.
The Business Research Company suggests that the cardiovascular devices market is expected to reach a value of nearly $80.68 billion by 2022, at a CAGR of 5.7%. New health reforms, a growing economy and rising awareness of healthcare fuel growth.
We believe that positive developments such as these will boost the Zacks Rank #4 (Sell) stock, which has lost 31.3% compared with the industry’s 3.1% decline in a year’s time. The current level compares unfavorably with the S&P 500 index’s 4% rally.
A few better-ranked stocks in the broader medical space are DENTSPLY SIRONA XRAY, Masimo Corporation MASI ad CONMED Corporation CNMD, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DENTSPLY’s long-term earnings growth rate is expected at 11.5%.
Masimo’s long-term earnings growth rate is projected at 16.1%.
CONMED’s long-term earnings growth rate is estimated at 13.3%.
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ABIOMED, Inc. (ABMD) : Free Stock Analysis Report
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