Boston Scientific Corp. on Friday announced that the Food and Drug Administration has approved the world's first commercially available heart defibrillator that does not use leads, the thin insulated wires that sometimes have failed in other defibrillators, prompting recalls.
Boston Scientific's new device -- the subcutaneous implantable defibrillator (S-ICD) -- is positioned just below the patient's skin and can restart the heart without connecting the device with leads that run through blood vessels.
"Doctors now have a breakthrough treatment option that provides protection from sudden cardiac arrest without touching the heart," said Dr. Raul Weiss, associate professor of medicine at Ohio State University.
Federal approval of the Boston Scientific system has been expected for weeks, and it could be a major player in the worldwide market of heart defibrillators, commonly called ICDs. For Boston Scientific, which is based in Natick, Mass., and employs 5,000 workers in Minnesota, the new S-ICD could mean $750 million to $1 billion in revenue, said CEO Hank Kucheman.
Some patients who choose the new device will be turning away from ICDs that use leads, Kucheman said. But he predicted that his company's innovation will expand the market by attracting new customers who were scared away from ICDs because of worries about lead-related problems.
"Research says this technology has the potential to expand the market and increase referrals in patient choice," Kucheman said. "This will not only increase our share of the pie. This will make a new pie."
Boston Scientific expects to begin a phased launch of the S-ICD system that will expand over time as doctors are trained in its use. The company acquired the S-ICD system earlier this year when it completed the acquisition of Cameron Health Inc. S-ICD has been commercially available in many countries in Europe as well as in New Zealand. More than 1,400 devices have been implanted in patients around the world.
Thomas Gunderson, a senior analyst with Piper Jaffray & Co., said the S-ICD could take 5 to 20 percent of the current defibrillator market, which produces more than $6.5 billion in annual sales worldwide.