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Insights on the Deep Brain Stimulators Market to 2019 | Industry Statistics, Emerging Demands, Forecast to 2025

05-10-2022 10:03 AM CET | Health & Medicine

Press release from: Orion Market Research

Global deep brain stimulators market is expected to grow at a CAGR of around 7% during the forecast period. Deep Brain Stimulation is a device used for the treatment of neurological disorders such as Parkinson's, Alzheimer's and other psychiatric disorders such as dystonia, epilepsy, essential tremor, obsessive-compulsive disorder. It involves device implantation, referred to a neurostimulator. The neurostimulator works by transmitting electrical impulses through implanted electrodes, to particular targets in the brain. This, in turn, enables the treatment of neurological conditions. It is a minimally invasive procedure. The DBS consist of mainly three components, such as the lead, the extension and the implanted pulse generator (IPG). These components are surgically implanted inside the body.

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The crucial factors that are driving the demand for deep brain stimulation include the growing prevalence of neurological and psychiatric disorders. According to the Parkinson's Foundation, every year, nearly 60,000 Americans are diagnosed with Parkinson's disease. Moreover, over 10 million people are living with Parkinson's globally. The possibility of having Parkinson's among men is 1.5 times more compared to women. The incidences of Parkinson's disease rise with the age, however, an estimated 4% of people suffering from the disease are diagnosed earlier age 50. DBS enables for the treatment of Parkinson's symptoms such as trouble walking, stiffness and tremors. It can also be used for the treatment of side effects associated with Parkinson's medicines. Hence, such a rise in the prevalence of Parkinson's disease is primarily boosting the demand for deep brain stimulators devices.

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Deep Brain Stimulators Market Segmentation

By Product

· Single Channel

· Dual Channel

By Application

· Parkinson's Disease

· Depression

· Others

By End-User

· Hospitals and Clinics

· Research Institutes

Company Profiles

· Abbott Laboratories (St. Jude Medical)

· Beijing PINS Medical Co. Ltd.

· Boston Scientific Corp.

· Fisher Wallace

· Functional Neuromodulation Ltd.

· Medtronic PLC

· NeuroPace Inc.

· Renishaw PLC

· Enteromedics

· Cyberonics

· Neurosigma

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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