Deep Brain Stimulation Market Share Sales, Production, And Cost Forecasting Upto 2028
Major factor driving growth of the global deep brain stimulation market is increasing incidences of chronic diseases such as Parkinson’s, dystonia, tremor, etc. In addition, favorable government reimbursement policies in developed and developing countries is expected to support growth of the global deep brain stimulation market.
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Global deep brain stimulation market is segmented on the basis of type, application and region.
On the basis of application, the global deep brain stimulation market is segmented into chronic pain, dystonia, essential tremor, depression, obsessive compulsive disorder, epilepsy, Parkinson disease, and others (Alzheimer, tinnitus). The Parkinson diseases segment is expected to account for highest share in the global deep brain stimulation market in terms of revenue. This can be attributed to deep brain stimulation used to keep track of short-lived symptoms fluctuation in diseases. The OCD segment is projected to register highest CAGR over the forecast period.
On the basis of region, the global deep bran stimulation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market in North America is expected to account for highest share in the global market in terms of revenue, and is expected to continue accounting for competitively higher revenue share during the forecast period. This can be attributed to favorable government reimbursement policies and presence of prominent market players operating in this region. Asia Pacific market is projected to witness fastest growth in terms of revenue, owing to increasing government expenditure on healthcare sector and increasing incidences of Parkinson’s diseases in emerging economies in this region.
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Key players operating in global deep brain stimulation market include Medtronic, Inc., Boston Scientific Corporation, ReShape Lifesciences Inc., Cyberonics, Inc., St. Jude Medical, Inc., NeuroPace, Inc., Zynex Medical, Inc., Neuronetics, Inc., Functional Neuromodulation, Ltd., MicroTransponder, Inc., and NeuroSigma, Inc.