Asia-Pacific Deep Brain Stimulation Systems Market By Product Type (Single-Channel Deep Brain Stimulator, Dual-Channel Deep Brain Stimulator), Application (Obsessive Compulsive Disorder, Parkinson’s Disease, Essential Tremor, Epilepsy, Dystonia), Type (Rechargeable, Non-Rechargeable), End User (Hospitals, Ambulatory Surgical Centers (ASCs), Neurological Clinic), Country (China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific), Market Trends and Forecast to 2027.
Market Analysis and Insights: Asia-Pacific Deep Brain Stimulation Systems Market
Asia-Pacific deep brain stimulation systems market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 9.1% in the forecast period of 2020 to 2027 and expected to reach USD 384.71 million by 2027. Development in database management tools and wide acceptance of point-of-care (POC) testing solutions is the factors for the market growth.
Deep brain stimulation systems is playing noteworthy part to allow clinicians to make appropriate clinical and diagnostic decisions across various levels of health care services. Increasing demand for deep brain stimulation systems is augmenting the market growth as they are used for neurology disease.
Rising cases of neurological disorders across the world is one of the prominent factors for growth of this market. Neurological disorders include various neurologic diseases which affect the brain and the autonomic and central nervous systems. There are more than 600 diseases of neurological disorders. Types of neurological disorders include Parkinson’s, Epilepsy, Essential Tremor, Tourette’s syndrome and others.
This deep brain stimulation systems market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Deep Brain Stimulation Systems Market Scope and Market Size
Deep brain stimulation systems market is segmented on the basis of product type, application, type, end user The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product type, the market is segmented into single-channel deep brain stimulator and dual-channel deep brain stimulator. Single-Channel deep brain stimulator is dominating in the market because single channel batteries are small, appropriate for thin patients and less expensive as compared to dual battery deep brain stimulator.
- Based on application, the market is segmented into Parkinson’s disease, Essential Tremor, Dystonia, Epilepsy, and Obsessive-Compulsive Disorder. Parkinson’s disease is dominating in the market due to the rising incidence of Parkinson’s disease. For instance, in 2019, according to the article named “Parkinson’s disease in China; a forty-year growing track of bedside work”, around 23.9–26.9% people suffered from Parkinson’s disease in China.
- Based on type, the market is segmented into rechargeable and non-rechargeable. Rechargeable segment is dominating in the market due to rechargeable battery have long life as compare to non-rechargeable.
- Based on end user, the market is segmented into hospitals, ambulatory surgical centers (ASCs), and neurological clinic. Hospitals segment is dominating in the market due to hospitals provide better treatment facilities as well as availability of skilled medical staffs in the hospitals.
Deep Brain Stimulation Systems Market Country Level Analysis
Deep brain stimulation systems market is analysed and market size information is provided by country by product type, application, type, end user as referenced above.
The countries covered in the deep brain stimulation systems market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific.
Asia-Pacific is growing with the highest growth rate due to the increased number of geriatric population and increasing healthcare expenditure. Rising incidence of neurological disorders also fuels the growth of this market. According to the World Health Organization (WHO), worldwide millions of people affected by the neurological disorders. Each year more than 6 million people die due to the stroke. Worldwide 50 million people have epilepsy disease, 80% of deaths due to the neurological disorders take place in low- and middle-income countries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Adoption of Digital Pathology Platforms in Deep Brain Stimulation Systems Market
Deep brain stimulation systems market also provides you with detailed market analysis for every country growth in life science industry with deep brain stimulation systems sales, components sales, impact of technological development in deep brain stimulation systems and changes in regulatory scenarios with their support for the deep brain stimulation systems market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Deep Brain Stimulation Systems Market Share Analysis
Deep brain stimulation systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Asia-Pacific deep brain stimulation systems market.
The major players covered in the report are NeuroPace, Inc, Boston Scientific Corporation, Fisher Wallace, SceneRay Corporation Limited, Beijing PINS Medical Co., Ltd, ALEVA NEUROTHERAPEUTICS SA, MEDTRONIC, Abbott among other players in Asia-Pacific. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In August 2017, Beijing PINS Medical Co., Ltd included Chroma 8900 Electrical Safety ATS for patient safety monitoring. It is available in four different tests such as leakage current test, the Earth leakage current test, patient auxiliary leakage current and patient leakage current test. By this technological development, the company enhances their product portfolio.
Partnership, expansion and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for deep brain stimulation systems through expanded model range
Customization Available : Asia-Pacific Deep Brain Stimulation Systems Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), product under development data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.