Deep Brain Stimulation Market was valued at USD xx billion in 2018 and is projected to reach around USD xx billion by 2025, at a CAGR of XX% during the forecast period.
Deep Brain Stimulation Market Increasing geriatric population and rising prevalence of brain related diseases coupled with technological advancement are some of the key drivers responsible for the growth of Deep Brain Stimulation Market.
Scope of Global Deep Brain Stimulation Market Reports –
Deep brain stimulation involves using a pacemaker-like device called “neurostimulator” to deliver constant electrical stimulation to problematic areas within the brain. It is widely used to treat a number of neurological and psychiatric conditions, such as Parkinson’s disease, dystonia, essential tremor epilepsy, Tourette syndrome, chronic pain, obsessive compulsive disorder and others. It has been used to treat over more than 40,000 people with Parkinson’s disease and essential tremor worldwide. So during the study of global Deep Brain Stimulation market, we have considered deep brain stimulation devices and consumables to analyze the market.
Global Deep Brain Stimulation market report is segmented on the basis of DBS type, application type, end user type and by regional & country level. Based upon DBS type, global Deep Brain Stimulation market is classified as Thalamus, Sub-thalamus Nucleus (STN), Pedunculopontine Nucleus (PPN) and Globus Pallidus (GPi). Based upon application type, global Deep Brain Stimulation market is classified as Parkinson’s disease, dystonia, essential tremor epilepsy, Tourette syndrome, chronic pain, obsessive compulsive disorders and others. Based on end user type the Global Deep Stimulation market is classified as Hospitals and Ambulatory Surgical Centers (ASCs)
The regions covered in this Deep Brain Stimulation market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Deep Brain Stimulation is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Deep Brain Stimulation Market Reports –
Global Deep Brain Stimulation market reports covers prominent players are Medtronic Plc, St. Jude Medical Inc., Boston Scientific Corporation, Abbott Laboratories, Aleva Neurotherapeutics, Soterix Medical Inc., Bioinduction Ltd., and SceneRay Corporation and others.
Global Deep Brain Stimulation Market Dynamics –
According to the statistics of Parkinson’s Association of Carolinas, it is estimated that around more than 10 million people worldwide are suffering from Parkinson’s disease. Therefore, higher incidences of Parkinson’s disease and other neurological disorders as a result of growing geriatric population is the prime driving factor for the fast-developing global deep brain stimulation devices market. Moreover, increasing investment in research & development from medical device manufacturers are continuously responsible for the growth of global Deep Brain Stimulation market. However, increased risk to post surgery infections and battery life of the devices can affect the growth of Global Deep Brain Stimulation Market. Nonetheless, untapped market and technological advancement in functionality of these devices may generate new opportunities in forecast period.
Global Deep Brain Stimulation Market Regional Analysis –
North America dominates the market with highest market share due to increased geriatric population as around 60,000 people are diagnosed with Parkinson’s disease each year according to the statistics of Parkinson’s Association of Carolinas. Europe is second largest market for Deep Brain Stimulation and it is expected to generate new opportunity with product innovation and increased investment in research and development. Asia Pacific Deep Brain Stimulation market is witnessed with strong growth rate due to increased government initiatives for public health awareness.
Key Benefits for Global Deep Brain Stimulation Market Reports –
Deep Brain Stimulation Market Segmentation
By Structure Type
By Application Type
By End User
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