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Market Intel: Pain Management II: Competition Intensifies For Spinal Cord Stim Market's Big Three
In the global pain management market, spinal cord stimulation (SCS) systems are expected to continue to be the fastest-growing segment with increasing competition among device manufacturers to develop innovative, targeted therapies. In this second article of a two-part series, we'll discuss the competitive landscape in the SCS market, the key players, emerging companies and their respective technologies.
The global market continues to be dominated by the three heavyweights Medtronic PLC, Boston Scientific Corp. and St. Jude Medical Inc. (bought by Abbott Laboratories Inc., now Johnson & Johnson). However, all three are facing increased competition from emerging companies with novel technologies in development, according to a new report, "Pain Management Devices Market," by Meddevicetracker. (See Figure 1).
Fig. 1
