The global deep brain stimulation devices market size was valued at USD 696.4 million in 2018 and is projected to reach USD 1,676.8 million by 2026, exhibiting a CAGR of 11.6% during the forecast period.
Deep brain stimulation (DBS) is a surgical procedure that involves the implantation of a device to send electrical signals to specific areas of the brain responsible for controlling body movements. The DBS system consists of three components that are implanted inside the human body: a neurostimulator, an extension, and a lead. The neurostimulator acts as a pacemaker device and is connected to the brain via the lead to coordinate electrical pulses. This technology has proven to be effective in reducing the symptoms of stiffness and tremor caused by neurological disorders such as Parkinson's disease, dystonia, and essential tremor. By undergoing DBS, individuals are able to lower their medication levels and potentially eliminate side effects.
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The market for deep brain stimulation systems is expected to experience significant growth in the coming years, largely due to the increasing prevalence of neurological disorders. Parkinson's disease, in particular, is becoming more prevalent across various regions of the world. According to the Parkinson's Foundation, more than 10 million people worldwide are currently living with the disease. Additionally, the rising incidence of essential tremor and dystonia further contributes to the demand for DBS devices. As a result, the deep brain stimulation devices market is anticipated to witness substantial growth throughout the forecast period.
The market report offers valuable insights on the industrial base, productivity, strengths, manufacturers, and recent trends, which can help businesses expand and achieve financial growth. It covers a range of dynamic factors like segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. The report also includes details of recent collaborations, mergers, acquisitions, and partnerships, as well as regulatory frameworks across different regions that impact the market trajectory. Furthermore, the report highlights recent technological advances and innovations influencing the global market.
Top Key Vendors of this Deep Brain Stimulation Systems Market are:
- Abbott (ST. JUDE MEDICAL)
- Medtronic
- Boston Scientific Corporation
- Beijing PINS Medical Co., Ltd.
- Others
Market Drivers
The increasing demand for minimally invasive surgeries is a key driver for the growth of the deep brain stimulators market. Deep brain stimulation (DBS) is a targeted surgery that is primarily used to treat movement disorders such as dystonia, Parkinson's disease, and essential tremor. Minimally invasive procedures offer numerous advantages over traditional surgical techniques, including faster recovery time, smaller incisions, reduced scarring, and less pain for patients. These benefits have led to a high demand for these surgeries. Additionally, minimally invasive procedures often provide higher accuracy rates compared to traditional methods. They involve small incisions that are only large enough for the insertion of thin tubes and cameras. These factors contribute significantly to the increasing demand for minimally invasive surgeries, thereby driving the growth of the deep brain stimulators market.
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Regional Analysis for Deep Brain Stimulation Systems Market:
The global market for deep brain stimulation devices is analyzed across different regions, including North America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, North America is expected to dominate the market during the forecast period. This can be attributed to the advancements in the healthcare sector driven by extensive research and development activities in the industry. Additionally, major players in the deep brain stimulation devices market have a strong presence in the United States, further contributing to market expansion in North America. Companies such as Medtronic, Abbott, Boston Scientific, and others have a significant market share in the U.S., thus fueling regional growth from 2018 to 2026. Furthermore, the increasing number of patients suffering from neurological disorders will also stimulate the expansion of the North American market.
Report contents include:
- Historical data and forecast.
- Analysis of the Deep Brain Stimulation Systems Market market including revenues, future growth, market outlook.
- Regional analysis including growth estimates.
- Analyzes the end user markets including growth estimates.
- Profiles on Deep Brain Stimulation Systems Market including products, sales/revenues, and market position.
- Market structure, market drivers, and restraints.
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Important Features of the reports:
Detailed analysis of the Deep Brain Stimulation Systems Market.
Fluctuating market dynamics of the industry.
Detailed market segmentation.
Historical, current, and projected market size in terms of volume and value.
Recent industry trends and developments.
Competitive landscape of the Deep Brain Stimulation Systems Market.
Strategies of key players and product offerings.
Potential and niche segments/regions exhibiting promising growth.
Reasons for Buying This Report:
Deep Brain Stimulation Systems Market Current status and future prospects of developed and emerging markets.
It is expected to dominate the Deep Brain Stimulation Systems Market segments.
The region is expected to grow the fastest during the forecast period.
Determine the latest developments, keyword market shares, and strategies adopted by major market participants.
In addition, the market research also mentions major players in Deep Brain Stimulation Systems Markets around the world.
Their main marketing configurations and advertising companies have been highlighted to provide a clear understanding of the Deep Brain Stimulation Systems Market.
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