Deep Brain Stimulation Devices Market Growth and Major key players operating in the market are Medtronic, Boston Scientific Corporation, Abbott Laboratories, Soterix Medical, Bioinduction and St. Jude Medical

Precision Business Insights published a research report on "Deep Brain Stimulation Devices Market by Product Type (Single Channel Devices, Dual Channel Devices), Battery type (Rechargeable, Non-Rechargeable), application (Parkinson’s Disease, Pain Management, Depression, Seizures) and Geography (Latin America, North America, Asia Pacific, Middle East & Africa and Europe) - Global/Region/Country Forecast to 2027", The Global Deep Brain Stimulation Devices Market was valued at USD 950 Million in 2020 and is anticipated to grow at USD 1828 Million till 2027 recording a CAGR of 9.8.% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Deep Brain Stimulation Devices Market by Product Type (Single Channel Devices, Dual Channel Devices), Battery type (Rechargeable, Non-Rechargeable), application (Parkinson’s Disease, Pain Management, Depression, Seizures) and Geography (Latin America, North America, Asia Pacific, Middle East & Africa and Europe) - Global/Region/Country Forecast to 2027".

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Deep Brain Stimulation Devices Market is Projected to Obtain Huge Market Growth during Forecast Period

Deep brain stimulation therapy is one of the effective surgical treatment options available for the patients suffering from neuropsychiatric disorders. This kind of therapy involves the implantation of devices called neurostimulator, which sends the electrical signals to particular targets of brain through implanted electrodes. Deep brain stimulation devices are battery operated medical devices work similarly like heart pacemakers. These devices are suggested to use for dystonia, obsessive-compulsive disorder, Parkinson’s illness and essential tremor.

Deep Brain Stimulation Devices Market is hugely driven by the increasing occurrence of neurological disorders like Parkinson’s disease, epilepsy and others. Almost 50 million of people have epilepsy problem according to World Health Organization. Furthermore, technological advancements in neurostimulation systems, growing demand for minimally invasive device and lifestyle changes in several regions are anticipated to drive the growth of the market during estimated time span. Deep brain stimulation therapy does not damage any brain part and does not require further surgery as well for adjustment. This significant factor greatly contributes in driving the market. But, risks related to deep brain stimulation like malfunction of stimulator and lack of capable experts are the major factors that can hinder the growth of the deep brain stimulation market during the forecast duration 2021-2027.

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Impact of COVID-19 Deep Brain Stimulation Devices Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

North America dominated the Deep Brain Stimulation Devices market and Anticipated to grow at significant rate during forecast period

On the basis of regional analysis, deep brain stimulation devices market is categorized into several major regions such as North America, Latin America, Europe, Asia Pacific, Africa and Middle East. Among all the regions, North America dominated the market and will witness considerable growth rate due to the increasing occurrence of illnesses like Parkinson’s and huge demand for minimally invasive methods to treat neurological disorders. Almost 60,000 Americans get diagnosed every year with Parkinson’s disease according to Parkinson’s disease Foundation. Deep brain stimulation devices market is growing at prominent rate in Europe region due to the novel product launches like infinity DBS system by St. Jude Medical and well-developed healthcare infrastructure of the region.

Competitive Analysis:

There are some leading key players working in the deep brain stimulation devices market by following a few effective strategies to retain the position in the market. To name a few are Medtronic Plc (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.), Soterix Medical Inc. (U.S.), Bioinduction Ltd. (UK), and St. Jude Medical Inc. (U.S.).

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