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In 2022, the global market for deep brain stimulation devices reached a valuation of USD 1.3 billion, with projections indicating growth to approximately USD 3.22 billion by 2032, reflecting a robust Compound Annual Growth Rate (CAGR) of 10.41% during the forecast period from 2023 to 2032.
North America dominated the market in 2022, capturing a substantial 52.1% share.
The dual-channel segment held a significant market share of 58.21% in 2022.
Parkinson’s disease emerged as the leading application, contributing to a 65.41% revenue share in 2022.
Hospitals accounted for the largest end-use segment with a 52.81% market share in 2022.
Deep Brain Stimulation Procedure and Components:
Deep Brain Stimulation (DBS) involves implanting a device that emits electrical signals to control movement-related brain functions. Consisting of a lead, an extension, and a neurostimulator, DBS devices alleviate symptoms of neurological conditions like Parkinson's disease. The lead connects the pacemaker to the brain, synchronizing electrical pulses, and can reduce the symptoms, allowing for a potential reduction in drug dosage post-surgery.
The rising incidence of neurological disorders, particularly Parkinson's disease, essential tremors, and dystonia, fuels the growth of the deep brain stimulation devices market. The aging global population, with neurological problems more common in adults over 65, further propels market expansion. Increased awareness of neurological conditions also contributes to the market's upward trajectory.
Concerns regarding side effects, including allergic reactions and tingling sensations, along with alternative treatment options, pose challenges to market expansion.
The increasing geriatric population, coupled with advancements in technology, offers opportunities for market growth. Companies are investing in Research and Development (R&D) to enhance device features, battery life, and overall patient satisfaction.
North America led the market in 2022 (52.1% share), driven by robust research and development activities and the presence of key industry players.
Asia Pacific is expected to be the fastest-growing market, propelled by rising healthcare expenditure and awareness of neurological disorders.
Europe, particularly in countries like the UK, Germany, and France, anticipates significant market expansion.
Latin America is poised for growth, driven by increasing awareness, especially in regions like Brazil.
The Middle East & Africa foresee consistent growth due to a rising prevalence of neurological illnesses.
· In February 2019, Medtronic introduced Deep Brain Stimulation (DBS) for medically intractable epilepsy in the United States.
· In January 2020, Abbott's Infinity DBS device received FDA clearance for targeting the internal globus pallidus, a specific region linked to Parkinson's disease symptoms.
· Abbott (St. Jude Medical)
· Medtronic
· Boston Scientific Corporation
· Aleva Neurotherapeutics S.A.
· Nexstim
· LivaNova PLC
· Neuropace Inc.
· Single Channel
· Dual Channel
· Pain Management
· Epilepsy
· Essential Tremor
· Obsessive-Compulsive Disorder (OCD)
· Depression
· Dystonia
· Parkinson’s Disease
· Others
· Hospitals
· Neurology Clinics
· Ambulatory Surgical Centers
· Research Centers
· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East & Africa (MEA)
In 2022, the global market for deep brain stimulation devices reached a valuation of USD 1.3 billion, with projections indicating growth to approximately USD 3.22 billion by 2032.
The global market is projected to grow at a CAGR of 10.41% during the forecast period, 2023-2032.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65500
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