Financial Data and Key Metrics Changes - The medical technology market is described as strong and resilient, driven by an aging population and continued access to care globally [5][6] - The company has performed over 30,000 cases with the Varipulse catheter since its relaunch, indicating a rapid build-up of momentum [22] Business Line Data and Key Metrics Changes - The company focuses on three core areas in its medtech business: cardiovascular, surgery, and vision, with significant investments in the cardiovascular space [6] - The CARTO system is highlighted as a leading imaging system in electrophysiology, with over 5,000 systems distributed worldwide [10][11] Market Data and Key Metrics Changes - In the U.S., approximately 70% of atrial fibrillation procedures have transitioned to pulsed field ablation (PFA), while the international market is estimated to be less than that [31][32] - The company is launching Varipulse in multiple regions, including China, Japan, and Europe, indicating a strong international expansion strategy [65] Company Strategy and Development Direction - The company is committed to a super cycle of innovation, with plans for two major mapping releases per year and a new generation of CARTO systems [76] - The development of new materials science that changes the physics of ablation is underway, which could significantly impact future procedures [78][82] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the safety and efficacy of the Varipulse catheter, with zero strokes reported in the VARIPURE study [22] - The company acknowledges the competitive landscape in electrophysiology, noting a shift from competitive PFA to Varipulse due to its integrated applications with CARTO [17] Other Important Information - The company is expanding its neurovascular portfolio with new products like the Cereglide aspiration catheters and exploring new use cases for existing products like TRUFILL [66][67] - The integration of acquired companies, such as Abiomed and Shockwave, has been successful, retaining key talent and fostering innovation [71][72] Q&A Session Summary Question: How do you think about the health of the medical technology market? - The market is strong and resilient, driven by an aging population and access to care [5] Question: What are the strengths and weaknesses of J&J's electrophysiology franchises? - The company is a clear leader in electrophysiology, anchored by the CARTO system [7] Question: How many CARTO systems do you have worldwide? - There are over 5,000 CARTO systems distributed globally [10] Question: What is the uptake of the Varipulse catheter since its relaunch? - Over 30,000 cases have been performed, with momentum building rapidly [22] Question: What percentage of the market has transitioned to PFA? - In the U.S., about 70% of atrial fibrillation procedures have transitioned to PFA [31] Question: What is the company's strategy for future product development? - The company plans to launch a new therapeutic catheter every year and is developing a next-generation CARTO system [57][76] Question: What are the key learnings from the acquisitions of Abiomed and Shockwave? - The integration process was successful, retaining key talent and fostering innovation [71][72]