Global Deep Brain Stimulation Systems Market to Reach $4.16 Billion by 2029, Growing at 10.6% CAGR

What industry-specific factors are fueling the growth of the deep brain stimulation systems market?
The growing occurrences of neurological disorders are set to drive the expansion of the deep brain stimulation systems market. These disorders are a diverse set of conditions that impact autonomic, peripheral, and central nervous systems within the body. Deep brain stimulation systems come into play in neurosurgery, providing electrical stimulation to specific areas with the intention to adjust or change neural functioning, delivering a reversible, modifiable, and therapeutic effect. For example, the Parkinson's Foundation, a national organization based in the US, stated that in March 2023 almost 90,000 individuals were identified with PD on a yearly basis in the US. This is a steep increase of 50% compared to the earlier annual estimates of 60,000 diagnoses. Consequently, the rising occurrence of neurological disorders is stimulating the development of the deep brain stimulation systems market.

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What Is the projected market size and growth rate for the deep brain stimulation systems market?
There has been a significant expansion in the market size of deep brain stimulation systems in recent years. The market is projected to escalate from $2.53 billion in 2024 to $2.79 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%. Factors contributing to the growth during the historical period include growing preference for less invasive procedures among the public, increased demand for minimally invasive surgeries in developed nations, as well as higher demand for such surgical procedures. The high prevalence of illnesses like Parkinson's disease and epilepsy, along with an increase in neurological disorders, also plays a significant role in this growth.

The market for deep brain stimulation systems is forecasted to experience substantial expansion in the coming years, reaching $4.16 billion in 2029 with a compound annual growth rate (CAGR) of 10.6%. This projected growth can be linked to several factors including the rise in the elderly population, increasing global prevalence of neurological disorders, acceptance of neurostimulation therapies, and the development of healthcare infrastructure. In addition, technological progress in the design of deep brain stimulation devices, an emphasis on non-motor symptoms, the miniaturization and improvement of materials, wireless connectivity and remote monitoring features, and the use of multimodal therapies are major trends expected to feature prominently during this forecast period.

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What new trends are reshaping the deep brain stimulation systems market and its opportunities?
Prominent enterprises functioning in the deep brain stimulation systems market are creating avant-garde technology, such as deep brain stimulation (DBS) systems, to manage patients suffering from movement disorders. Deep Brain Stimulation (DBS) is a healthcare process that encompasses an embedded device that provides an electrical stream directly to areas within the brain. For instance, in January 2024, Abbott Laboratories, a US-based medical equipment and health care firm, introduced the Liberta RC DBS system, the most compact rechargeable deep brain stimulation (DBS) device in the world with remote configuration, to treat individuals plagued with movement disorders. The Liberta RC DBS system represents the only rechargeable, pioneering connected care technology available in the U.S. It allows patients to maintain communication with their doctors, ensuring optimal setup and functioning, also acquiring modifications to treatment settings remotely as needed without making in-person physician visits.

What major market segments define the scope and growth 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.

Which key market leaders are driving the deep brain stimulation systems industry growth?
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

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What Is Covered In The Deep Brain Stimulation Systems Global Market Report?

• Market Size Forecast: Examine the deep brain stimulation systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the deep brain stimulation systems market for a structured understanding.
• Key Players Overview: Analyze major players in the deep brain stimulation systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the deep brain stimulation systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the deep brain stimulation systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the deep brain stimulation systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the deep brain stimulation systems market.
• Competitive Landscape: Review strategic developments in the deep brain stimulation systems market, including expansions, agreements, and new product launches.

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