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Launch Of World's Smallest Rechargeable Deep Brain Stimulation Device With Remote Programming Trend: A Crucial Influence on the Deep Brain Stimulation Systems Market's Transformation in 2025
What Is the Expected Size and Growth Rate of the Deep Brain Stimulation Systems Market?The deep brain stimulation systems market will grow from $2.53 billion in 2024 to $2.79 billion in 2025, at a CAGR of 10.1%. Rising demand for minimally invasive procedures, the prevalence of neurological disorders, and diseases like Parkinson's and epilepsy contribute to this growth.
The deep brain stimulation systems market is anticipated to grow rapidly in the next few years, reaching $4.16 billion by 2029 at a CAGR of 10.6%. This growth is driven by the increasing geriatric population, the rising prevalence of neurological disorders globally, the aging population, the growing acceptance of neurostimulation therapies, and expanding healthcare infrastructure. Key trends include technological advancements in deep brain stimulation devices, miniaturization, advanced materials, wireless connectivity, remote monitoring, and multimodal therapies.
What Factors Are Fueling Growth in the Deep Brain Stimulation Systems Market?
The increasing prevalence of neurological disorders is expected to drive the growth of the deep brain stimulation systems market. Deep brain stimulation is used to treat conditions such as Parkinson's disease by modulating brain activity through electrical stimulation. According to the Parkinson's Foundation, nearly 90,000 people are diagnosed with Parkinson's disease each year in the US, a 50% increase from previous estimates. The rise in neurological disorders is fueling the demand for deep brain stimulation systems.
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Which Leading Companies Are Shaping the Growth of the Deep Brain Stimulation Systems Market?
Major companies operating in the deep brain stimulation systems market report are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Quest Diagnostics Inc., St. Jude Medical Inc., Stanford Health Care, Associated Regional and University Pathologists Inc., LivaNova PLC, OPKO Health Inc., Nordic Laboratories, Myriad Genetics Inc., Nevro Corporation, Genomic Health, Mayo Medical Laboratories, Foundation Medicine Inc., SceneRay Co., ACM Global Laboratories, Neuropace Inc., American Esoteric Laboratories, Nexstim Oy, Aleva Neurotherapeutics S.A., NeuroSigma Inc., Beijing PINS Medical Co. Ltd., BioMONTR Labs, Functional Neuromodulation Ltd., Miraca Holdings Inc., Nuvectra Corporation
What Are the Key Segments of the Deep Brain Stimulation Systems Market?
The deep brain stimulation systems market covered in this report is segmented -
1) By Product: Single Channel, Dual Channel
2) By Application: Parkinson's Disease, Essential Tremor, Obsessive Compulsive Disorder, Epilepsy, Dystonia, Other Applications
3) By End-user: Hospitals, Ambulatory Surgical Centers, Neurological Clinics, Other End Users
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Which Region Dominates the Deep Brain Stimulation Systems Market?
North America was the largest region in the deep brain stimulation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep brain stimulation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Deep Brain Stimulation Systems Global Market Report?
- Market Size Analysis: Analyze the Deep Brain Stimulation Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Deep Brain Stimulation Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Deep Brain Stimulation Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Deep Brain Stimulation Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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