Press release
Europe Deep Brain Stimulation Devices Market Growth, Demand, Industry, Report Analysis 2023-2030
Europe Deep Brain Stimulation Devices Market - DataM Intelligence 4Market Research
Deep brain stimulation (DBS) involves delivering a small electrical current to a specific brain area. The current's energy, which stimulates brain cells, may aid with a variety of illnesses. The electricity is sent to the brain by one or more wires linked to a tiny implanted device inserted under the skin and around the collarbone. DBS may treat a variety of conditions, including movement disorders, mental health difficulties, and epilepsy.
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Market Dynamics
The market is predicted to develop due to rising demand for goods using deep brain stimulation.
The increased prevalence of neurological diseases such as Parkinson's disease, essential tremor, dystonia, and epilepsy is a key market driver. Neurological disorders are the third most common cause of disability and early death in the EU. As Europe's population ages, it is likely that their frequency and burden will increase. Neurological disorders need increased attention from health officials in terms of prevention and treatment.
According to the European Parkinson's Disease Association, Parkinson's is a highly particular condition that differs from person to person and demands a tailored approach to treatment and care. Parkinson's disease already affects about 1.2 million people in Europe, and that figure is anticipated to quadruple by 2030. It is worrying that the worldwide prevalence of Parkinson's disease is increasing and that it will double in the next 20 years (affecting up to 2% of those over 60 and 6% of those over 80).
The average cost of Parkinson's disease in Europe is roughly €11,000 per patient. This leads to a €13.9 billion yearly expense to Europe. The cost per person per year climbs as the illness progresses, and non-motor symptoms are a leading cause of hospitalization and institutionalization, two major cost drivers in Parkinson's treatment.
Market segmentation
By Product Type
• Single-Channel Deep Brain Stimulator
• Dual-Channel Deep Brain Stimulator
By Application
• Parkinson's Disease
• Epilepsy
• Essential Tremor
• Dystonia
• Obsessive-Compulsive Disorder
• Others
By End-User
• Hospitals
• Neurological Clinics
• Ambulatory Surgical Centers
Europe Deep Brain Stimulation Devices Market Companies
The Deep brain stimulation devices market is moderately competitive with local and Europe companies' presence Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Renishaw PLC, AlevaNeurotherapeutics SA, Functional Neuromodulation Ltd., Cyberonics, Inc, LivaNova PLC, Nevro Corporation.
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