Global Deep Brain Stimulation Market, By Product (Single Channel Deep Brain Stimulator, Dual Channel Deep Brain Stimulator), Type (Subthalamic DBS, Globus Pallidus DBS, Thalamic DBS, Pedunculopontine Nucleus DBS), Application (Pain Management, Epilepsy, Essential Tremor, Obsessive-Compulsive Disorder (OCD), Depression, Dystonia, Parkinson’s Disease, Others), End-Use (Hospitals, Neurology Clinics, Ambulatory Surgical Centers, Research Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The deep brain stimulation market is expected to witness market growth at a rate of 9.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on deep brain stimulation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in prevalence of Parkinson’s disease globally is escalating the growth of deep brain stimulation market.
Deep brain stimulation (DBS) refers to a device used for the purpose of providing electrical incitement to some areas of the brain to control the movement. They are extensively utilized to treat diseases such as Parkinson’s disease, chronic pain, central pain syndrome, epilepsy and obsessive compulsive disorder among others.
The rise in the rate of patients suffering from involuntary movements related to Parkinson’s disease, dystonia and multiple sclerosis acts as one of the major factors driving the growth of deep brain stimulation market. The increase in inclination towards minimally invasive procedures owning to improved patient outcomes and the growth in demand for the deep brain stimulation surgery as it assists in reducing the symptoms of stiffness, slowness and walking problems caused by neurological diseases accelerate the deep brain stimulation market growth. The increase in recommendations to patients who are unable to respond to medicines for at least five years and the rise in need for the incorporation of long-term solutions such as deep brain stimulators further influence the deep brain stimulation market. Additionally, high mortality rate, growth in awareness about the massive neurological disease burden, improving healthcare infrastructure and surge in healthcare expenditure positively affect the deep brain stimulation market. Furthermore, technological advancements in deep brain stimulation technologies extend profitable opportunity to the deep brain stimulation market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the surgery and delay in product approvals from various government authorities is expected to obstruct the deep brain stimulation market growth. Lack of skilled and trained professionals is projected to challenge the deep brain stimulation market in the forecast period of 2021-2028.
This deep brain stimulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on deep brain stimulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Deep Brain Stimulation Market Scope and Market Size
The deep brain stimulation market is segmented on the basis of product, type, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market.
- On the basis of product, the deep brain stimulation market is segmented into single channel deep brain stimulator and dual channel deep brain stimulator.
- On the basis of type, the deep brain stimulation market is segmented into subthalamic DBS, globus pallidus DBS, thalamic DBS and pedunculopontine nucleus DBS.
- On the basis of application, the deep brain stimulation market is segmented into pain management, epilepsy, essential tremor, obsessive-compulsive disorder (OCD), depression, dystonia, Parkinson’s disease and others.
- On the basis of end-use, the deep brain stimulation market is segmented into hospitals, neurology clinics, ambulatory surgical centers and research centers.
Global Deep Brain Stimulation Market Country Level Analysis
The deep brain stimulation market is analyzed and market size insights and trends are provided by country, product, type, application and end-use as referenced above.
The countries covered in the global deep brain stimulation market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the deep brain stimulation market because of the increase in FDA approvals for deep brain stimulation devices in clinical applications, government funding and initiatives for raising awareness about movement disorders and rise in patients diagnosed with PD in the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the prevalence of neurodegenerative disorders, demand for effective and long-term solutions, improvements in the clinical development framework and growth in awareness about neurological disease treatment options in the region.
The country section of the deep brain stimulation market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The deep brain stimulation market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for deep brain stimulation market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on deep brain stimulation market. The data is available for historic period 2011-2019.
Competitive Landscape and Deep Brain Stimulation Market Share Analysis
The deep brain stimulation 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to deep brain stimulation market.
The major players covered in the deep brain stimulation market report are Medtronic, Boston Scientific Corporation, Abbott, Cyberonics, Inc., Nevro Corp., NeuroSigma, Inc., NeuroPace, Inc., Synapse Biomedical Inc., Neuronetics, ReShape Lifesciences, Inc., Cyberonics, Inc., Zynex Medical, Functional Neuromodulation Ltd., MicroTransponder Inc., Aleva Neurotherapeutics SA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.