Deep Brain Stimulation Market to increase rapidly by 2025 | Major Eminent Players: St. Jude Medical, Medtronic Plc., Enteromedics, Boston Scientific Corporation, Aleva Neurotherapeutics SA, Zynex
Some of the key players in Deep Brain Stimulation Market are St. Jude Medical, Medtronic Plc., Enteromedics, Boston Scientific Corporation, Aleva Neurotherapeutics SA, Zynex, and Cyberonics.
Deep Brain Stimulation Market Segmentation:
Deep Brain Stimulation Market is expected to be around $3.2 billion by 2025. Rising number of people suffering from Parkinson’s disease and increased awareness about neurological disorders is driving the market globally. DBS can be used to treat various neurological disorders such as dystonia, Parkinson’s disease, epilepsy, Tourette syndrome, obsessive compulsive disorders, and chronic pain. According to WHO, neurological disorders category contributes to 2% of global burden of diseases.
Industry Trend Analysis:
Hundreds of millions of people all over the world are affected by neurological disorders. As per Parkinson’s Disease Foundation, more than 10 million people all over the world are affected by Parkinson’s disease. Deep brain stimulation (DBS) is used for treating different neurological diseases ranging from dystonia, epilepsy, obsessive compulsive disorder to Parkinson’s disease. Rising awareness about neurological diseases along with the efficiency of accessing the brain through DBS is contributing to the market growth. As more professionals are adopting DBS over drug therapy to avoid side effects, the market is expected to exhibit significant growth during the forecast period. DBS can be used to restore movements in cases of neurological injuries that can result into disability or paralysis. Also, DBS procedures have fewer complications as compared to procedures such as pallidotomy owing to the non-destructive nature of the DBS procedures.
Parkinson’s disease segment accounted for more than three-fourth share of the global DBS market in 2016, due to growing prevalence of this disease. According to the Parkinson’s Disease Foundation, around 60,000 patients are diagnosed with Parkinson’s disease every year in the U.S. Men are one and a half times more susceptible to Parkinson’s disease as compared to women. Although DBS is not a permanent cure for Parkinson’s disease it can surely control the symptoms to a great extent improving the quality of life of the affected patients. According to WHO, more than 50 million people across the world are suffering from epilepsy. DBS has significant applications in the treatment of epilepsy by reducing the chances of a seizure.
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Table of Contents:
2. Executive Summary
3. Market Overview
4. Deep Brain Stimulation Market, By Application
4.2. Deep Brain Stimulation Market Assessment and Forecast, By Application, 2016-2025
To be continued...
Key Findings of the Research Study:
Patient’s suffering from Parkinson’s disease experience improved motor functions as a result of DBS. People affected by epilepsy who are not suitable candidates for respective surgery, witness significant reduction in seizures.
Parkinson’s disease market held a major share of the global DBS market due to the benefits offered by DBS for controlling the symptoms of Parkinson’s disease and allowing the patients to lead a better life with improved mobility.
North America dominated the global DBS market in 2016, due to high adoption of technologically advanced products and availability of advanced healthcare infrastructure.
Asia-Pacific market will exhibit promising growth over the forecast period with rapid adoption of DBS as a minimally invasive procedure affordable in this region.
Features of the Deep Brain Stimulation Market Report:
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Deep Brain Stimulation Market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Global Deep Brain Stimulation Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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