Deep Brain Stimulation Devices Market size, by Application, by End User, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2032

The global deep brain stimulation devices market size was valued at USD 1.05 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2032. The rise in individuals with Parkinson's disease, dystonia, and multiple sclerosis-related involuntary movements is anticipated to fuel market expansion. A high-impact driving driver for the market is also the rising need for minimally invasive methods as a result of improved patient outcomes. Deep brain stimulation (DBS) device market development is also anticipated to be supported by the advent of telehealth consults and eHealth apps to frequently monitor PD patients during the COVID-19 pandemic.

Surgery for deep brain stimulation (DBS) is used to treat a variety of neurologically debilitating illnesses, including Parkinson's disease (PD), dementia, and Alzheimer's disease. A patient using a DBS device can have long-term respite from the crippling PD symptoms. Despite the fact that some patients may need to take pharmaceuticals after surgery, the use of DBS devices has significantly reduced the negative effects associated with medications. One of the three target sites in PD that the U.S. Food and Drug Administration (FDA) has approved is where a DBS device is often implanted. The Subthalamic Nucleus (STN) and Globus Pallidus Interna (GPi) are the most often chosen target areas (STN).

Market Dynamics
Over the projected period, the approval and introduction of new and cutting-edge DBS devices is anticipated to fuel market expansion. As an illustration, in January 2021, the U.S.-based medical device company Medtronic plc announced the start of the ADAPT-PD (Adaptive DBS Algorithm for Personalized Therapy in Parkinson's Disease) trial, which examines the effectiveness and safety of adaptive deep brain stimulation (aDBS) in Parkinson's disease patients (PD). An exploratory function of the Percept PC gadget that might be made available if it's authorised is adaptive deep brain stimulation. Based on a patient's clinical condition, the investigational feature used in this study enables automated adjustment of brain stimulation to give therapy for managing Parkinson's disease symptoms.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Deep Brain Stimulation Devices manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Deep Brain Stimulation Devices market covering all its essential aspects.

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Market Segmentations:
Global Deep Brain Stimulation Devices Market: Segmentations

Global Deep Brain Stimulation Devices Market: By Key Players
Medtronic
Boston Scientific
Abbott
Beijing Pins
SceneRay

Global Deep Brain Stimulation Devices Market: By Types
Single-channel DBS
Dual Channel DBS

Global Deep Brain Stimulation Devices Market: By Applications
Parkinsons Disease
Essential Tremor
Dystonia

Global Deep Brain Stimulation Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Deep Brain Stimulation Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Around 91 million deep brain stimulation devices were sold in the pain management segment in 2021. This is brought on by the rising prevalence of chronic pain in both adults and older people. Moreover, the usage of implantable stimulator devices, which are used to lessen the symptoms of chronic pain, is anticipated to contribute significantly to the growth of pain management procedures. Furthermore, technological developments like tissue-friendly microelectrode technology ultimately drive market growth.

Key features of the study:
This report provides an in-depth analysis of the global deep brain stimulation devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023 - 2032), considering 2023, as the base year.

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players.

It profiles key players in the global deep brain stimulation devices market based on following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.

Key companies covered as a part of this study include, Boston Scientific Corporation, Medtronic, Inc., St. Jude Medical, Inc. (Abbott Laboratories), Cyberonics, Inc., Neuronetics, and Aleva Neurotherapeutics SA.

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics.

The global deep brain stimulation devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global deep brain stimulation devices market.

An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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