Deep Brain Stimulation Market To 2020 -2026 Ongoing Trends and Recent Developments | Medtronic, Boston Scientific Corporation, Abbott., Cyberonics
This influential Deep Brain Stimulation Market report is amazingly characterized with the application of several charts, graphs and tables depending on the extent of data and information involved. Being an outstanding resource of market info, the report provides recent as well as upcoming technical and financial details of the industry to 2026. The analysis is fragmented by key players, gauge patterns, most recent market investigation, application utilization and significant land profits. Moreover, Deep Brain Stimulation Market research report likewise gives an attentive examination of the present condition of the market which covers a few market elements.
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Global Deep Brain Stimulation Market is expected to rise from its initial estimated value of USD 888.20 million to an estimated value of USD 2138.63 million by 2026, registering a CAGR of 11.61% in the forecast period of 2019-2026. Rising Parkinson’s disease is the major factor for the growth of this market.
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Market Definition: Global Deep Brain Stimulation Market
Deep brain stimulation (DBS) is a device which is used to provide electrical incitement to the some areas of the brains to control the movement. These devices are usually used to treat diseases like central pain syndrome, epilepsy, Parkinson’s disease, chronic pain, obsessive compulsive disorder etc. These devices are usually used by those patients whose symptoms cannot be treated with medications.
- Increasing cases of Parkinson’s disease worldwide is driving the growth of this market
- Rising usage of deep brain stimulators by neurologist for various neurological disease is driving the growth of this market
- Pending product approvals from various government authorities is restraining the growth of this market
- Lack of skilled and trained professionals is another factor restraining the growth of this market
Deep Brain Stimulation Market Country Level Analysis:
The countries covered in the Deep Brain Stimulation Market report are U.S., Canada and Mexico in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Brazil, Argentina and Rest of South America as part of South America South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa (MEA) as a part of Middle East and Africa (MEA).
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Leading Deep Brain Stimulation manufacturers/companies operating at both regional and global levels:
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.
Key Developments in the Market:
- In February 2019, Medtronic announced the launch of their new deep brain stimulation (DBS) which is specially designed for medically-refractory epilepsy. The main aim of the launch is to provide better surgical treatment option to the treatment.
- In January 2019, Boston Scientific Corporation announced the launch of their Vercise Primary Cell (PC) and Vercise Gevia Deep Brain Stimulation (DBS) Systems which is specially designed to control the shape, position, range and direction and treat the symptoms of Parkinson’s disease (PD). These devices are small in size and usually have long rechargeable battery life. The main of the device is to provide good therapy to the patients.
Key factors influencing market growth:
- New application developments and product designs.
- Falling prices of the Deep Brain Stimulation
- Strict government norms along with administrative support and R&D subsidization.
- Geographic expansion by major market players as well as new entrants.
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Segmentation: Global Deep Brain Stimulation Market
- Pain Management
- Essential Tremor
- Obsessive-Compulsive Disorder (OCD)
- Parkinson’s Disease
- Single Channel Deep Brain Stimulator
- Dual Channel Deep Brain Stimulator
- Subthalamic DBS
- Globus Pallidus DBS
- Thalamic DBS
- Pedunculopontine nucleus DBS
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