Fast Growing Spinal Cord Stim Market Slows in Q317
While the overall Neuromodulation Spinal Cord Stimulation (SCS) market continues to see strong, double-digit growth YTD, sequentially the US SCS market decelerated in Q317 due to seasonality and hurricane-related supply chain disruptions, particularly affecting Medtronic.
By Anne Staylor, Managing Editor, SmartTRAK Business Intelligence
YTD, the US SCS market is trending at high growth rates, a faster growth than SmartTRAK’s original 2017 forecast, as next generation products continue to drive unprecedented growth in this highly underpenetrated market. In the US, Abbott, Nevro and Boston Scientific’s (BSX) Q317 YoY SCS revenues increased respectively, while competitive pressures accelerated Medtronic’s US SCS revenue decline, down YoY according to SmartTRAK Financial Dashboard.