Deep Brain Stimulation Devices Market: What are the Future Growth Opportunities? Top Players: Medtronic, Boston Scientific Corporation, Abbott, Nevro Corporation, Neuronetics Inc.
Global Deep Brain Stimulation Devices Market is valued approximately at USD 0.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2019-2026. Deep brain stimulation (DBS) is a surgical procedure used in the treatment of various neurological disorders such as debilitating motor symptoms of Parkinson's Disease (PD), essential tremor and dystonia.
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The regional analysis of global Deep Brain Stimulation Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing number of patients diagnosed with Parkinson, along with the wide availability of technologically advanced deep brain stimulation devices in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period, due to rising prevalence of neurodegenerative disorders aided with unmet demand for effective and long-term solutions in the region.
This, in turn, is expected to accelerate the demand of deep brain Stimulation devices across the world. However, the availability of other treatment options such as drug therapies and surgeries and stringent regulatory framework are some major factors expected to impede the growth of global deep brain Stimulation devices market over the forecast period.
According to study of Global Burden of Disease 2015, it is estimated that the prevalence of Parkinson's to be approximately 6.2 million people worldwide in 2015 and it would reach approximately 13 million people with Parkinson's by 2040. Also, numerous Parkinson's Disease Foundation reveals that approximately 60,000 Americans are diagnosed with Parkinson's disease every year.
Further, this treatment is permitted by the U.S. Food and Drug Administration (FDA), for patients who cannot have epilepsy surgery, that separates or eliminates the part of the brain that causes seizures. Rise in prevalence of neurological disease such as Parkinson, surging investment for neurological R&D, and escalating demand for minimally invasive techniques due to enhanced patient outcomes are the few factors responsible for high CAGR of the market over the forecast period.
DBS therapy is generally advised to the patients who do not responding to medicines for at least five years. In this therapy, electrodes are inserted in particular area of affected brain, which delivers electrical impulses that control abnormal impulses.
Major market player included in this report are:
o Boston Scientific Corporation
o Aleva Neurotherapeutics SA
o Functional Neuromodulation Ltd.
o Beijing PINS Medical Co., Ltd.
o NeuroPace Inc.
o Neuronetics Inc.
o Nevro Corporation
o Cyberonics, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
o Single Channel Deep Brain Stimulator
o Dual Channel Deep Brain Stimulator
o Pain Management
o Parkinson's Disease
o Essential Tremor
o Neurology Clinics
o Ambulatory Surgical Centers
o Research Centers
o North America
o Asia Pacific
o Latin America
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026
Target Audience of the Global Deep Brain Stimulation Devices Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
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Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Deep Brain Stimulation Devices Market, by Product, 2017-2026 (USD Billion)
1.2.2. Deep Brain Stimulation Devices Market, by Application, 2017-2026 (USD Billion)
1.2.3. Deep Brain Stimulation Devices Market, by End-Use, 2017-2026 (USD Billion)
1.2.4. Deep Brain Stimulation Devices Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Deep Brain Stimulation Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Deep Brain Stimulation Devices Market Dynamics
3.1. Deep Brain Stimulation Devices Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Deep Brain Stimulation Devices Market Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
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