Deep Brain Stimulation Devices Market Size Worth USD 1,676.8 Million by 2026

The global deep brain stimulation devices market size is expected to reach USD 1,676.8 million by 2026, exhibiting a CAGR of 11.6% during the forecast period. Growing awareness among the population about various neurological diseases will be a key factor in accelerating the revenue of the deep brain stimulation (DBS) devices market during the forecast period. In addition, increasing cases of epilepsy worldwide will increase the demand for deep brain stimulation devices in the coming years.

According to the World Health Organization, epilepsy is a chronic non-communicable disease of the brain that affects people of all ages. About 50 million people worldwide suffer from epilepsy, making it one of the most common neurological diseases globally. In addition, increasing prevalence of neurological diseases in low- and middle-income countries will drive the market growth in the near future. For example, according to a World Health Organization survey, about 80 percent of people with epilepsy live in low- and middle-income countries.

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The report shared the following information:

  • Comprehensive analysis of market trends and prospects;
  • 360-degree assessment of factors driving and inhibiting market growth;
  • Detailed research of the regional and competitive landscape influencing the market;
  • Study market segments carefully.

Unveiling the Vercise Gevia™ Deep Brain Stimulation System Leverage in revenue generation

Boston Scientific Corporation, a manufacturer of medical devices used in interventional medical specialties, including interventional radiology and interventional cardiology, introduced the Vercise™ Primary Cell (PC) and Vercise Gevia™ Deep Brain Stimulation (DBS) systems with Vercise Cartesia directional leads. included. The new groundbreaking systems feature technology that allows doctors to control the range, shape, position and direction of electrical stimulation to treat Parkinson’s disease (PD) symptoms through highly personalized therapy. Approved by the US Food and Drug Administration. FDA).

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The launch of new systems by Boston Scientific Corporation will drive deep brain stimulation device market trends over the forecast period due to engineered systems, which allow for more customized stimulation than other devices. Additionally, Malik Nanavati, senior vice president and president, neuromodulation, Boston Scientific, said in a statement, “Our latest generation Vercise Directional DBS systems are backed by years of clinical data and real-world experience with the benefits and properties of directional. Programming software is offered, giving clinicians the ability to tailor treatments to individual patient needs.”

Growing patient pool to drive growth in Asia Pacific

Asia Pacific market is expected to witness the highest growth due to increasing demand in countries such as Japan, China and India. Disposable income leading to higher healthcare costs will also contribute to growth in the region. Additionally, increasing awareness of various neurological conditions such as epilepsy, essential tremors and Parkinson’s disorder will boost the demand for DBS in Asia Pacific.

Increasing number of medical settings like specialty clinics and multi-specialty hospitals is also a major factor driving the growth in the region. The market in North America was USD 323.4 million in 2018 and is expected to grow rapidly. The presence of major players in the region will elevate the deep brain stimulation devices market share.

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Regional Analysis:

Developed healthcare infrastructure to promote growth in North America.

The North American market is projected to witness significant growth during the forecast period. The growth in the region is attributed to the health care infrastructure with modern facilities. Increased research and development activities of key players will drive the healthy growth of the market in the region. The presence of major companies like Medtronic, Abbott, Boston Scientific, and others will enable market expansion in the region. Asia Pacific is expected to witness strong growth during the forecast period due to rising disposable income in countries such as Japan, China, and India.

Rising healthcare costs will further boost the market expansion in the region. Increasing awareness regarding various neurological conditions such as epilepsy, essential tremors, and Parkinson’s disorder will further fuel the market growth in the coming years. Development of specialty clinics and multi-specialty hospitals and others. In addition, increasing number of neurologists and medical professionals will further boost the market growth in the region.

According to Fortune Business Insights™, some of the key players in the market for deep brain stimulation devices include:

  • Abbott (ST. JUDE MEDICAL)
  • Medtronic
  • Boston Scientific Corporation
  • BEIJING PINS MEDICAL CO., LTD
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Detailed Table of Contents:

  • Introduction
    • Scope of Research
    • Market segmentation
    • Research Methods
    • Definitions and Assumptions
  • Executive summary
  • Market dynamics
    • Market Drivers
    • Market restrictions
    • Market opportunities
  • Key insights.
    • Industrial Background of Deep Brain Stimulation Devices Market
    • New product launch
    • Porter’s five forces analysis
    • Key merger and acquisition strategies by top players
    • A review of technological developments related to deep brain stimulation
  • Global Deep Brain Stimulation Devices Market Analysis, Insights and Forecasts, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecasts – By Product Type
      • Dual Channel Deep Brain Stimulation
      • Single-channel deep brain stimulators
    • Market analysis, insight and forecasting – by application
      • Parkinson’s disease
      • Dystonia
      • Essential Earthquake
      • others
    • Market Analysis, Insights and Forecasting – By End User
      • Hospitals
      • Specialized clinics
      • others
    • Market Analysis, Insights and Forecasts – By Country
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa

TOC Continued…!!!

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