Europe 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 (Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and Rest of Europe), Market Trends and Forecast to 2027
Market Analysis and Insights: Europe Deep brain stimulation systems Market
Europe 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 at a CAGR of 8.5% in the forecast period of 2020 to 2027 and expected to reach USD 1,954.35 million by 2027. Growing acceptance of minimally invasive procedures is the major driver for the growth of the market.
Deep brain stimulation systems includes single-channel deep brain stimulator, dual channel deep brain stimulator, rechargeable, non-Rechargeable batteries.
Deep brain stimulation systems are increasing with increasing cases of neurology disorders will accelerate the market growth. Growing acceptance of minimally invasive procedures also expected to enhance the market growth. Advancement in novel technologies will further create new opportunities that impact this deep brain stimulation systems market growth in the forecast period to 2027. For instance,
- In January 2019, Boston Scientific Corporation announced approval for ImageReady MRI labelling for Vercise Gevia Deep Stimulation system used in full body MRI environment. By this product approval, the company enhances their revenue.
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.
Europe Deep Brain Stimulation Systems Market Scope and Market Size
Deep brain stimulation systems market is segmented on the basis specialty, 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 available in small size batteries and are affordable as compared to dual channel deep brain stimulator.
- Based on application, the market is segmented into Parkinson’s disease, essential tremor, dystonia, epilepsy, obsessive-compulsive disorder. Parkinson’s disease is dominating in the market because of rising prevalence of Parkinson’s disease in Europe. For instance, as per the European Brain Council, around 260,000 people suffered from Parkinson’s disease.
- Based on type, the market is segmented into rechargeable and non-rechargeable. Rechargeable segment is dominating in the market because rechargeable battery can survive more than 9 years after the device is installed in patients by surgery.
- 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 advanced technological devices are available 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 Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe in Europe.
Europe deep brain stimulation systems market is growing due to awareness about neurology disease and treatment of the disease is expected to grow at the significant growth rate in the forecast period of 2020 to 2027 and because of strategic initiatives by market players.
Europe deep brain stimulation systems market is growing due to government initiatives to increase the awareness about protective screening, rising of public and private funding for the research and development of deep brain stimulation systems is expected to grow at the significant growth rate in the forecast period of 2020 to 2027. Germany is growing with the highest market share as this is a developed country and more number of deep brain stimulation systems companies is present in the country. Additionally advancements of technology and specific applications related to the deep brain stimulation systems also have generated new prospects for research.
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, and regulatory scenario 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.
Rising Preference for Preventive Health Check-Ups in Deep Brain Stimulation Systems Market
Deep brain stimulation systems market also provides you with detailed market analysis for every country growth in installed base of different kind of products for deep brain stimulation systems market, impact of technology using life line curves and changes in neurology surgery devices regulatory scenarios and their impact on 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, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe 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 Europe. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In October 2017, ALEVA NEUROTHERAPEUTICS SA, ALEVA NEUROTHERAPEUTICS SA, announced a USD 13 million increase in the series D investment for neurology disorders. This was supported by Forrestal Capital for neurology system expertise.
Such investment and partnership 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 : Europe Deep brain stimulation systems Market
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