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Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

Medical Alley Association serves the individuals and organizations that comprise Minnesota's health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

Medical Alley’s Medtronic, Boston Scientific and St. Jude Medical Secure Key US PMA Approvals

Medical Alley companies are innovation leaders, while OUS companies continue to gain ground in the US market; FDA approval times getting longer again.


Medtronic

Figure 1: Micra™
Transcatheter Pacing System

Cardiology dominated original PMAs in the first half of 2016, claiming 32% of approvals (6/19). Miniaturization, compatibility and reduced patient invasiveness were key drivers of the new devices. Medical Alley’s Medtronic and St. Jude Medical both had miniaturized leadless pacing systems under review at the FDA, with Medtronic gaining approval for the Micra™ Transcatheter Pacing System in Q2.

Boston Scientific scored two original PMA approvals in Q2 (MR compatible pacing system and the Blazer™ ablation catheter) while Sorin, CardioFocus and Rex Medical received approval for cardiac devices. St. Jude Medical added to its growing neuromodulation portfolio with the PMA approval of the Axium Neurostimulator System for chronic intractable pain.

FDA Approvals Graph 1

510k clearances to US companies continued the steady and long term decline, down 4% from a year ago. Over the past 20 years, US company clearances are down 44%, from 2231 in the first half of 1996 to 1468 through the first half of 2016.  Despite the continued drop in volume, the average time to achieve clearance is now the second longest on record (156 days), a 73% increase in time from the 20-year low achieved in 2005 (90 days).

PMA supplement approvals are up 13% from 2015 and 375% over the past 10 years, driven by dramatic increases in 30-day notifications (up 640% over same time period). 

FDA Approvals Graph 2

As the Medical Alley Association has reported, the US market is a key target of OUS companies and the competitive landscape continues to shift; OUS companies have now gained a record share of the 510k clearances.

With six consecutive quarters of declining US and increasing OUS clearances, OUS entities now claim 37% of all 510k clearances (up from the <20% consistent from 1996 – 2014).  OUS success is driven by patient monitoring (67%), diagnostic imaging (58%) and Ob/Gyn (58%) technologies. US companies retained a leadership position in orthopedics (75%) and cardiology (75%), the top two clearance categories.

 

 

 

FDA Approvals Graph 3

 

Download the Report

See the Q2 2016 FDA Approvals Report