1 Innovative Growth Market on the Verge of Collapse

Before you go, we thought you'd like these...
Before you go close icon

Innovation's a key now more than ever in the medical device industry, which has been slammed by the combination of slumping prices, tough competition, and tightening hospital budgets. For top cardiovascular device makers like Covidien and Medtronic , finding new treatments for growing health problems is the way to future sales -- and few developmental treatments have impressed investors and analysts recently in this industry like hypertension treatment renal denervation.

Yet renal denervation has stumbled onto hard times all of the sudden. A pivotal trial in the niche from Medtronic's Symplicitydevice ended in failure. Now Covidien recently announced that it will cease making its own European regulator-approved renaldenervation device, the OneShot, and fellow cardiovascular leader Boston Scientific is putting its own trial on hold until it can review Medtronic's data.

Is renal denervation dead in the water for innovation-minded device makers? In the video below, Motley Fool contributor Dan Carroll takes you through what you need to know about the stunning fall of this once-red hot growth niche -- and whether or not renal denervation can still become a promising part of medical device makers' portfolios.

The hidden health care growth opportunity that could jump-start your portfolio's profits
While renal denervation's fighting to stay alive, the best way to play the health care space is to find companies that shun the status quo and instead discover revolutionary, groundbreaking technologies. In the Motley Fool's brand-new FREE report "2 Game-Changing Biotechs Revolutionizing the Way We Treat Cancer," find out about a new technology that big pharma is endorsing through partnerships, and the two companies that are set to profit from this emerging drug class. Click here to get your copy today.

The article 1 Innovative Growth Market on the Verge of Collapse originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Covidien. The Motley Fool owns shares of Medtronic. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading