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Deep Brain Stimulation Systems Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Deep Brain Stimulation Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Deep Brain Stimulation Systems Market?
The market for deep brain stimulation systems has seen consistent expansion in the last few years. Its value is anticipated to rise from $2.53 billion in 2024 to $2.79 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.1%. The historic growth can be credited to the growing public preference for less invasive procedures, heightened demand for minimally invasive surgery in advanced nations, an upward trend in the request for minimally invasive surgical practices, and a high occurrence of conditions like Parkinson's disease and epilepsy, coupled with a growing incidence of neurological disorders.
The market size for deep brain stimulation systems is projected to experience a swift expansion in the coming years, with an anticipated worth of $4.16 billion in 2029 and a compound annual growth rate (CAGR) of 10.6%. This substantial growth in the projected period can be credited to factors like the enlarging senior citizen population, mounting global occurrence of neurological complications, ascending old age populace, escalating endorsement of neurostimulation treatments, and expanding development in healthcare infrastructure. The principal trends during the expected period comprise of technological progression in deep brain stimulation devices, advanced technology, emphasis on non-motor symptoms, miniaturization and superior materials, wireless connectivity and remote surveillance, and multimodal treatments.
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What Are the Different Deep Brain Stimulation Systems Market Segments?
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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What Are the Primary Drivers Shaping the Deep Brain Stimulation Systems Market?
The growth of the deep brain stimulation systems market is anticipated to be driven by the rising incidence of neurological disorders. These disorders are a diverse array of diseases impacting the autonomic, peripheral, and central nervous systems of the body. Deep brain stimulation systems, which administer electrical stimulation to targeted areas during neurosurgery, are designed to modify neural functions to produce adjustable, therapeutic, and reversible effects. As an illustration, the Parkinson's Foundation, a national entity based in the U.S., disclosed in March 2023 that approximately 90,000 individuals are diagnosed with PD in the U.S. per annum. This is a 50% surge compared to the earlier anticipated rate of 60,000 annual diagnoses. Hence, the escalating occurrence of neurological disorders is contributing to the expansion of the deep brain stimulation systems market.
Which Companies Are Leading in 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 Major Trends Shaping the Deep Brain Stimulation Systems Market?
Leading corporations in the deep brain stimulation systems market are producing revolutionary technology, such as deep brain stimulation (DBS) systems, to cater to patients suffering from movement disorders. DBS is a clinical procedure that necessitates a surgically embedded device that channels electric current straight to particular brain areas. For example, in January 2024, Abbott Laboratories, an American medical device and healthcare firm, introduced the Liberta RC DBS system, the smallest rechargeable DBS device globally with remote programming capability, to assist those dealing with movement disorders. The Liberta RC DBS system, the only rechargeable device of its kind offering connected care technology in the U.S., empowers patients to maintain contact with their doctors, secure optimal setup and function, and remotely receive updates to treatment settings without the need to set foot in a doctor's office.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Deep Brain Stimulation Systems Market?
2. What is the CAGR expected in the Deep Brain Stimulation Systems Market?
3. What Are the Key Innovations Transforming the Deep Brain Stimulation Systems Industry?
4. Which Region Is Leading the Deep Brain Stimulation Systems Market?
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