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Neuromodulation 2016: Competition Heats Up In Spinal Cord Stim Market

In the $3.2 billion market for neuromodulation devices, competition is heating up in the spinal cord stimulation (SCS) segment as device manufacturers armed with new clinical trial data and next-generation technologies disrupt the status quo of standard tonic SCS systems and begin to expand the market, shift market share and boost the revenues of companies both large and small. Innovation is fueling healthy growth in this market, particularly in the US, where the market is projected to grow from around $1.13 billion in 2014 to almost $1.62 billion in 2019, a CAGR of 7.5%.

The field of neuromodulation has never been hotter. At the North American Neuromodulation Society (NANS) Annual Meeting in Las Vegas in December, attendance was at an all-time high, and the increasing number of clinical trials, new products and potential clinical applications for neuromodulation devices is a testament to the growing interest and excitement about these technologies among clinicians, industry, investors and patients.

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