Guidepoint Qsight’s healthcare facilities purchasing dataset provides insight into market share shifts in the neurology space from 2019 to 2020.
The dataset includes products used for neuromodulation, pain management, and interventional neurovascular procedures.
When looking at medical device purchasing trends, three manufacturers in the space have experienced the largest shifts in market share:
- Despite a drop of 2.5 points in market share, Medtronic continues to lead the neurology medical device market, making up over half of the overall market share in the space.
- Our data showed Stryker’s Neurotechnology and Spine segment gained 1.88 points in market share in 2020.
- Inspire Medical Systems saw strong growth in the second half of 2020 due to backlogged implant procedures and the opening of new implanting centers, leading to a market share gain of nearly 1 point.
The above is based on Qsight’s healthcare facilities purchasing dataset that analyzes over $26.2B from 14 players in medical devices across a panel of close to a thousand distinct healthcare facilities and hospitals.
Post created by: Shimul Sheth, Senior Quantitative Analyst, Guidepoint Qsight