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Neuromodulation: Three Start-Ups To Watch

The neuromodulation market is growing at a rapid pace and investors and strategics are paying close attention to early-stage innovators. We highlight Cardionomic, Nuviant and Pixium, three young companies that are listening to the brain, fixing broken hearts and making the blind see.

The US neuromodulation technology market, worth $2.3 billion in 2014, is poised to grow 46% over the next five years, reaching $3.3 billion in 2019, and potentially rivaling markets like that for coronary stents. (See Exhibit 1.)

Among the factors driving this expansion are large unmet need in many chronic conditions, an aging and increasingly aware patient population, and the potential advantages that neuromodulation devices may offer over conventional treatment. Technical advances, too, such as miniaturization, rechargeability and sophisticated externals are making new forms of treatment possible

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