Deep Brain Stimulation Devices Market Industrial Output, Import & Export, Consumer Consumption and Forecast 2026 | Boston Scientific Corporation, Medtronic, Inc., St. Jude Medical, Inc. (Abbott Laboratories)
Deep brain stimulation (DBS) device, often described as brain pacemaker, aids in alleviating symptoms of Parkinson’s disease (PD). The device is implanted at one of the three U.S. Food and Drug Administration (FDA) approved brain sites to block the electrical signals from these sites to the brain. The three U.S. FDA approved targeted brain sites are ventrointermedialis (VIM) nucleus of the thalamus, subthalamic nucleus (STN), and globus pallidus pars interna (GPi). DBS surgery is performed on patients suffering from PD for at least four years and are on medications albeit with motor complications.DBS is the most preferred option although there are other surgical options such as Thalamotomy and Pallidotomy, as it does not involve tissue destruction and is a reversible surgical treatment.
Key players operating in the global deep brain stimulation devices market include, Boston Scientific Corporation, Medtronic, Inc., St. Jude Medical, Inc. (Abbott Laboratories), Cyberonics, Inc., Neuronetics, and Aleva Neurotherapeutics SA.
Get PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/84
Frequent approval and Launch of novel devices is expected to fuel the global deep brain stimulation devices market growth
Key players in the market are focused on approval and launch of novel DBS devices to expand their product portfolio, which is expected to boost the market growth. For instance, in January 2019, Boston Scientific Corporation launched two new DBS devices namely the Vercise Primary Cell (PC) and Vercise Gevia Deep Brain Stimulation (DBS) systems.
In June 2015, the U.S. Food and Drug Administration (FDA) approved St. Jude Medical’s Brio Neurostimulation System, a DBS device that helps to reduce symptoms of Parkinson’s disease (PD) and essential tremor. Launch and approval of such novel devices is expected to significantly support the global deep brain stimulation devices market growth over the forecast period.
Furthermore, key players in the market are focused on launching upgraded versions of their already approved DBS devices in the market. For instance, in August 2018, Abbott Laboratories received the U.S. Food and Drug Administration (FDA) approval for an over-the-air software upgrade for all currently implanted Infinity DBS systems that deliver magnetic resonance (MR)-conditional labeling. Approval and launch of such upgraded DBS devices is expected to create conducive environment for the market growth over the forecast period.
The global deep brain stimulation devices market size was valued at US$ 831.6 Mn in 2018, and is expected to exhibit a CAGR of 9.7% over the forecast period (2020 – 2027).
High prevalence of diseases such as Parkinson’s disease and epilepsy is expected to fuel the global deep brain stimulation devices market growth
Increasing prevalence of PD is expected to boost demand for DBS devices. For instance, according to the Parkinson’s Disease Foundation, as of 2016, over 10 million people are suffering from Parkinson’s disease, worldwide. The findings published by the organization demonstrated that incidence rate of PD increases with age and only 4% of people were diagnosed with PD before the age of 50 years. According to the same source, in 2017, the incidence rate of PD in the U.S is as high as 60,000, annually.
Moreover, according to Parkinson’s Australia Inc. around 11,544 new cases of PD were diagnosed in Australia in 2014. According to the statistics released by Parkinson Canada, the number of people suffering from PD in Canada is expected to reach over 163,700 by 2031 (double than the prevalence in 2011).
Increasing prevalence of epilepsy is also expected to boost demand for DBS devices. For instance, according to the data published by the Centers for Disease Control and Prevention, in 2015, around 1.2% of the U.S. population suffered from active epilepsy, which was around 3.4 million people and included 3 million adults and 470,000 children.
Therefore, high prevalence of PD and epilepsy worldwide is expected to drive the global deep brain stimulation devices market growth over the forecast period.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Deep Brain Stimulation Devices Market Industrial Output, Import & Export, Consumer Consumption and Forecast 2026 | Boston Scientific Corporation, Medtronic, Inc., St. Jude Medical, Inc. (Abbott Laboratories) here
News-ID: 2200783 • Views: …
More Releases from Coherent Market Insights
Natural Killer Cell Therapy Market Analysis, Top Companies, Scope, Demand, Oppor …
The exclusive research report on 'Natural Killer Cells Market' now available with Coherent Market Insights, offers a detailed analysis of the factors influencing the global business sphere. This report also provides precise information pertaining to market size, commercialization aspects and revenue estimation of this business. The report further elucidates the status of leading industry players thriving in the competitive spectrum of the Natural Killer Cells Market.
The research report incorporates…
Respiratory Air Conditioning Devices Market See Incredible Growth 2022-2028 | Be …
Coherent Market Insights has released a new research study on the "Respiratory Air Conditioning Devices Market" which aims to provide a thorough examination of the factors influencing global business introduction and outlook. The Global Respiratory Air Conditioning Devices Market Report detailed information and overview highlight the most recent trends in various regions. Leading market participants will benefit from the trading insights provided in this report. The Respiratory Air Conditioning Devices…
Liquid Biopsy Market Expected to Expand at a Steady 2022-2028 | Biocept, Inc., Q …
Coherent Market Insights has released a new research study on the "Liquid Biopsy Market" which aims to provide a thorough examination of the factors influencing global business introduction and outlook. The Global Liquid Biopsy Market Report detailed information and overview highlight the most recent trends in various regions. Leading market participants will benefit from the trading insights provided in this report. The Liquid Biopsy Market research report is an intelligence…
Extracorporeal Membrane Oxygenation System Market Future Business Opportunities …
Coherent Market Insights has released a new research study on the "Extracorporeal Membrane Oxygenation System Market" which aims to provide a thorough examination of the factors influencing global business introduction and outlook. The Global Extracorporeal Membrane Oxygenation System Market Report detailed information and overview highlight the most recent trends in various regions. Leading market participants will benefit from the trading insights provided in this report. The Extracorporeal Membrane Oxygenation System…
More Releases for DBS
DBS Building Services Discloses The Advantages Of Power Washing
All surfaces accumulate years of dirt, no matter the surface, power washing grants a great appearance when used to remove tough dirt, stains, salt, loose paint, mold, grime, dust, mud, chewing gum, and debris making your facility cleaner and safer.
DBS Building Services does power washing to protect the surface against the effect of harmful elements.
If not removed periodically they can destroy the beauty and reduce the value of your property…
DBS Building Services releases a new website
DBS Building Services has recently released a new website. It is a new product targeting the growing demand for commercial cleaning services.
It is helping the company to be even closer to our customers residing in Utah State. It prompts the user to find commercial cleaning services by directing them exactly where we want them to go when accessing the website.
Based in Bluffdale, UT, DBS Building Services is a company…
DBS Wealth Management Market to see Investing Heavily During 2020-2025 | DBS, DB …
HTF Market Intelligence released a new research report on title 'Competitor Profile: DBS Wealth Management 2020' with detailed analysis, future size, growth opportunity, forecast and strategies (2020-2025). The study covers key regions that includes North America, Europe or Asia and important players such as DBS, DBS Wealth Management, FinChat, DBS Vickers Securities, ANZ, RBS, Quantifeed, etc.
Request a sample report @ https://www.htfmarketreport.com/sample-report/2336865-competitor-profile-24
Summary
Competitor Profile: DBS Wealth Management 2020
DBS Group is a…
DBS Wealth Management Market 2019: Business Planning Research Analysis by DBS, …
DBS Group is a financial services company with a presence in 18 markets. It has four main business segments and offers wealth management services through its Consumer Banking/Wealth Management (CBWM) unit. The wealth business is further divided into three tiered propositions, with a focus on Asia.
Get Sample Copy of This Report at@ https://www.orbisresearch.com/contacts/request-sample/2663614
This competitor profile provides a comprehensive analysis of DBS's wealth operations. It offers insight into the company’s strategy…
DBS Bank: Key Strategies and Innovations to Witness Growth
DBS appointed Neal Cross as chief innovation officer. He is responsible for driving the banks digital innovation agenda across Asia. The bank has also partnered with various government-backed venture capital firms, non-profit organizations, and technology providers to help its SME and other corporate customers find digital solutions as per their business needs. Such factors that have been influencing growth of DBS bank have been included in a report titled “DBS…
Deep Brain Stimulation Devices Market Analysis On the basis of Products such as …
Deep Brain Stimulation is a neosurgical system which treats an assortment of devastating neurological responses. It joins the implantation of a battery-worked restorative gadget called Neurostimulator. Neurostimulation development can improve the life idea of the people who are truly stifled or encountering critical mishaps to various sense organs, and also to last decline of outrageous, unending torment which would somehow require unfaltering (day and night), high-measurements opioid treatment, (for instance,…