Core Insights - Boston Scientific's Neuromodulation business focuses on developing devices for neurological movement disorders and chronic pain management, emphasizing innovation and strategic acquisitions for long-term growth [1] Financial Performance - In Q1 2025, the Neuromodulation segment achieved 6.8% year-over-year operational sales growth, with the Brain franchise growing mid-single digits and the Pain franchise experiencing high-single digits growth [2][7] - The Intracept procedure for chronic vertebrogenic low back pain showed strong double-digit growth, supported by five-year clinical data demonstrating long-term efficacy and cost-effectiveness [2] - The Neuromodulation segment is expected to improve throughout 2025, with contributions from recent acquisitions like Relievant and Axonics [3][7] Competitive Landscape - Abbott's Neuromodulation segment made strategic advancements, including the initiation of the TRANSCEND clinical trial for DBS in treatment-resistant depression, expanding its applications into mental health [4] - Medtronic's Neuromodulation business grew low-double digits year-over-year in fiscal Q4 2025, driven by strong product launches, particularly the Inceptiv spinal cord stimulation device and the Percept RC with BrainSense technology [5] Stock Performance - Boston Scientific's shares increased by 33.3% over the past year, outperforming the industry growth of 9.6% and the S&P 500's growth of 9.1% [6] Valuation Metrics - Boston Scientific trades at a forward 12-month price-to-earnings ratio (P/E) of 33.11X, which is above the industry average of 21.09X [8] Earnings Estimates - The Zacks Consensus Estimate for Boston Scientific's earnings has been rising over the past 60 days, indicating positive market sentiment [10]