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Global Deep Brain Stimulation Systems Market Projected to Grow at 10.6% CAGR, Reaching $4.16 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Deep Brain Stimulation Systems Industry Market Size Be by 2025?
The market size for deep brain stimulation systems has seen significant expansion lately. The estimated growth signifies an increase from $2.53 billion in 2024 to $2.79 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%. The past growth is linked to the public's growing preference for less invasive procedures, heightened demand for minimally invasive surgery in industrialized nations, a surge in the demand for minimally invasive surgical methodologies, and the incidence of diseases such as Parkinson's disease and epilepsy, as well as the rising occurrence of neurological maladies.
What's the Long-Term Growth Forecast for the Deep Brain Stimulation Systems Market Size Through 2029?
Expectations are high for the deep brain stimulation systems market, as it is projected to witness a swift expansion in the coming years. The market is set to rise to $4.16 billion by 2029, with a compound annual growth rate (CAGR) of 10.6%. This anticipated growth during the forecast period can be associated with factors such as the expanding geriatric populace, the increased occurrence of neurological ailments globally, the surge in the aging demographic, acceptance of neurostimulation therapies, and advancements in healthcare infrastructure. Key trends expected during this forecast period involve technological upgradation of deep brain stimulation gadgets, breakthroughs in technology, an emphasis on non-motor symptoms, the miniaturisation and use of advanced materials, alongside wireless connectivity, remote monitoring, and the inclusion of multimodal therapies.
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What Are the Key Growth Drivers Fueling the Deep Brain Stimulation Systems Market Expansion?
The escalating occurrence of neurological disorders is set to bolster the advancement of the deep brain stimulation systems market in the future. These disorders encompass a diverse range of diseases impacting the autonomic, peripheral, and central nervous systems of the body. Deep brain stimulation systems, utilized in neurosurgical operations, deliver electrical stimulation to the target area with the aim of modifying or adjusting neural functions to produce a temporary, adjustable, and therapeutic outcome. For example, the Parkinson's Foundation, a national organization based in the US, reported that nearly 90,000 individuals were diagnosed with PD annually in the US as of March 2023, marking a 50% surge from the previously recorded yearly estimate of 60,000 diagnoses. Hence, the rising occurrence of neurological disorders is fueling the expansion of the deep brain stimulation systems market.
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What Are the Key Trends Driving Deep Brain Stimulation Systems Market Growth?
Leading corporations in the deep brain stimulation systems market are pioneering new technology, such as deep brain stimulation (DBS) systems, to provide treatment for individuals suffering from mobility disorders. The process of Deep Brain Stimulation (DBS) is a medical procedure that includes the implantation of a device that directly channels electrical currents to specific regions of the brain. In early 2024, for example, Abbott Laboratories, a prominent healthcare and medical device company based in the US, introduced the Liberta RC DBS system. This system, which is the smallest rechargeable deep brain stimulation (DBS) device in the world with remote programming, was designed to treat individuals managing mobility disorders. The Liberta RC DBS system is the first and only rechargeable technology in the U.S. offering connected care, and it allows patients to maintain contact with their doctors, ensuring optimal setup and function, and receiving adjustments to their treatment settings remotely as needed without having to physically visit a healthcare professional's office.
How Is the Deep Brain Stimulation Systems Market Segmented?
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 Companies Are Leading the Charge in Deep Brain Stimulation Systems Market Innovation?
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
Which Regions Are Leading the Global Deep Brain Stimulation Systems Market in Revenue?
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.
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