Skip to : [Content] [Navigation]
 

MX

 
 
Email article link Print article

Originally Published MX January/February 2007

BUSINESS PLANNING & TECHNOLOGY DEVELOPMENT

Medical Device Giants Shape Neurodevice Market

Return to Article:

Major medical device companies, including Johnson & Johnson Inc. (New Brunswick, NJ), Boston Scientific Corp. (Natick, MA), St. Jude Medical Inc. (St. Paul, MN), and Medtronic Inc. (Minneapolis), are jostling for position in the emerging neurodevice sector. These companies profited from the explosion of medical devices for cardio indications and see similar expansion potential for neurodevices over the next 10 years.

The participation of these companies will continue to shape the development and maturation of the neurodevice market in the following ways.

  • Over the past several years, major medical device companies have made heavy investments     in neurodevice start-ups through private financings and corporate acquisitions.
  • Long-term investment in technology for implantable devices made by big companies     translates into shorter development times for new companies that are more agile in     translating technology into innovative products.
  • Large companies with established sales and training teams have primed the physician and     patient market, reducing implantation bias.

    Copyright ©2007 MX
    •