Deep Brain Stimulation Devices Market to Cross USD 1.2 Bn Revenue by 2028| TMR Study

In 2020, the global market for 𝐝𝐞𝐞𝐩 𝐛𝐫𝐚𝐢𝐧 𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 was valued at US$0.85 billion. It's projected to grow at a 5.1% CAGR from 2021 to 2028, reaching over US$1.2 billion by 2028.

Telehealth and eHealth apps are increasingly popular for monitoring Parkinson's disease patients during the pandemic. Favorable reimbursement policies worldwide are driving market expansion. However, advancements in implantable pulse generators are needed, prompting companies to focus on R&D for improving battery longevity and other patient-related features. Device-specific enhancements like parameter delivery and electrode material selection are critical for companies to stay competitive in this market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Parkinson's disease is one of the most common chronic and progressive neurological disorders, which is characterized by postural instability, bradykinesia, akinesia, and tremors due to loss of dopamine-producing neurons in substantia nigra of the mid-brain.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫:

The global deep brain stimulation devices market is experiencing growth primarily due to an increase in neurological disorders such as ischemic stroke, Alzheimer's disease, tremors, trauma, and Parkinson's disease (PD).

Additionally, the market is propelled by the rising geriatric population, growing demand for minimally invasive surgical techniques, and a shift in patient and healthcare professional preferences towards surgical DBS devices over drug therapy. This shift is attributed to the significant side effects and diminishing effectiveness of drugs and alternative therapies.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Medtronic, Inc., St. Jude Medical, Inc., and Boston Scientific Corporation.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Single-Channel Deep Brain Stimulator
Dual-Channel Deep Brain Stimulator

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Hospitals
Ambulatory Surgical Centers
Neurological Clinics
Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Increasing prevalence of neurological disorders, rising geriatric population, demand for minimally invasive surgical techniques

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

High cost of devices, regulatory hurdles, limited awareness in developing regions

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of advanced technologies such as MRI-guided DBS
Shift towards personalized medicine and precision therapies
Increasing focus on developing rechargeable DBS devices

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The deep brain stimulation devices market is expected to witness sustained growth driven by ongoing technological advancements, expanding applications, and increasing investment in healthcare infrastructure. However, challenges such as regulatory complexities and reimbursement issues may impact market growth.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Assessment of market dynamics including drivers, challenges, and trends
Analysis of market segmentation by service type, sourcing type, application, industry vertical, and region
Evaluation of regional market trends and growth opportunities
Examination of competitive landscape and key market players
Exploration of recent developments and their impact on the market

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐈𝐧 𝐕𝐢𝐯𝐨 𝐓𝐨𝐱𝐢𝐜𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/10/2643906/0/en/In-Vivo-Toxicology-Market-to-Cross-USD-9-5-Bn-Revenue-by-2033-TMR-Study.html

𝐖𝐚𝐬𝐭𝐞 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/10/2643891/0/en/Waste-Recycling-Equipment-Market-to-reach-US-3-9-Bn-by-2031-Data-Analysis-by-Experts-at-Transparency-Market-Research-Inc.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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