Deep Brain Stimulation (DBS) Systems Market Size, Business Opportunities By Leading Players, Share, Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis By Emergen Research

The global Deep Brain Stimulation (DBS) Systems Market was valued at USD 1227.5 million in 2019 and is expected to reach USD 2,122.8 million by 2027, at a CAGR of 8.1% according to a new report by Emergen Research. In general, geriatric population suffers from unconscious movements of the body leading to Parkinson’s disease, multiple sclerosis and dystonia. In the United States, more than 60,000 people are diagnosed with Parkinson’s disease each year, with approximately 10 million people presently living with Parkinson’s disease globally. High prevalence of such diseases among elderly coupled with rising geriatric population are fuelling up the demand for the deep brain stimulation systems worldwide. In addition, increasing incidences associated with depression, essential tremor and obsessive compulsive disorder (OCD) are further multiplying the demand of deep brain stimulation systems in the industry.

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The Covid-19 Impact:

The research report draws attention to the profound impact of the COVID-19 pandemic on the global Deep Brain Stimulation Systems market and its crucial segments. The report evaluates the key factors influencing the market growth and considers the COVID-19 pandemic as one of the contributing elements for the economic slowdown of the market. The pandemic has altered various aspects of the global Deep Brain Stimulation Systems market scenario. However, this report offers an extensive COVID-19 impact analysis of the market to help readers gain knowledge of the significant effects of the outbreak on the present and future scenario of this business space. Hence, this is the newest report offering full coverage of the current economic situation that caused a global health crisis.

Key Highlights from the Report

• Dual channel deep brain stimulation systems product segment accounted for the largest market share of around 57.8%, owing to use of advanced technology and safety features like painless management and wireless recharge to reduce tremors associated with Parkinson’s disease
• Due to increase in occurrence unconscious body movements especially in the geriatric population across the globe, Parkinson’s disease application segment of the deep brain stimulation systems dominated the market with market share of approximately 39.7%
• Large patient pool is suffering from Parkinson’s disease, epilepsy, dystonia and depression due to growing geriatric population especially in countries like India and China of the Asia Pacific region. Asia Pacific region registered highest CAGR of 9.0% in 2019 and is set to showcase a high rate of growth in the forecast period
• Key market players operating in the market include Abbott, Medtronic, Aleva Neurotherapeutics, NeuroPace, Cyberonics, Boston Scientific Corporation and Fisher Wallace among other companies
• North America dominated the industry with a largest market share in the deep brain stimulation (DBS) systems market. The growth prospects of the market are attributed to increase in occurrence of depression disorders, product approvals from the US Food and Drug Administration (FDA) along with favorable reimbursement scenarios and potential technological advancements in systems.

Emergen Research have segmented Deep Brain Stimulation (DBS) Systems Market on the basis of product, application, end use and region:

Product Outlook (Revenue in Million USD; 2017–2027)
• Dual Channel
• Single Channel
Application Outlook (Revenue in Million USD; 2017–2027)
• Fluid Replacement
• Parkinson’s Disease
• Pain Management
• Obsessive-Compulsive Disorder (OCD)
• Epilepsy
• Essential Tremor
• Depression
• Dystonia
• Other
End Use Outlook (Revenue in Million USD; 2017–2027)
• Hospitals
• Ambulatory Care Centre
• Neurology Centers
• Other

Regional Analysis:

The global Deep Brain Stimulation Systems market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include:
• North America (U.S., Canada, Mexico)
• South America (Brazil, Argentina, Ecuador, Chile)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, Japan, India, Korea)
• Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)

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Key Reasons to Buy This Report:

• The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
• It entails a detailed inspection of the Deep Brain Stimulation Systems market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
• The report provides the reader with a deep understanding of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and powerful business tactics.
• Furthermore, the report identifies the key regions and segments that influence the Deep Brain Stimulation Systems market.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Deep Brain Stimulation (DBS) System Market Segmentation & Impact Analysis
4.1. Deep Brain Stimulation (DBS) System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Intensifying Prevalence of Parkinson’s disease and epilepsy
4.2.2.2. Innovation of technologically advanced DBS systems
4.2.2.3. Favorable funding scenario
4.2.3. Market restraints analysis
4.2.3.1. High cost of deep brain stimulation systems
4.2.3.2. Side effects associated with the treatment/surgery
4.3. Technological Insights
4.4. Product Pipeline Analysis
4.5. Regulatory Framework
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Covid-19 Impact Analysis

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