The report is titled as ‘Deep Brain Stimulation Devices Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the deep brain stimulation devices market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Deep brain stimulation devices market is expected to grow at a significant rate in the near future.
The global deep brain stimulation devices market in 2022 is estimated for more than US$ 894.9 Mn and expected to reach a value of US$ 1,489.4 Mn by 2030 with a significant CAGR of 6.6%.
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Deep Brain Stimulation Devices Introduction
Parkinson’s disease is a type of movement ailment that is more common in elderly people and affects the ability to perform a voluntary action in daily life. It has various symptoms and is further divided into the motor and non-motor symptoms in the human body.
Furthermore, the most common disorder is the presence of tremors in the body resulting in shaking and uncontrolled movements along with the stiffness and rigidity of the muscles. The person suffering from the disease may have trouble with posture, balance, and coordination with common problems such as constipation, anxiety, sleeping problems, and depression.
PD is different from other movement disorders as it affects specifically a brain site known as substantia nigra that consists of dark neurons that secretes dopamine that is a type of neurotransmitter that controls body movement.
Deep brain stimulation is a technique that stimulates the neurotransmitters in the brain and helps in comfortable body movement. Deep brain stimulation is a procedure used in neurological science in which a neurostimulator is implanted in the body that sends electrical impulses, through implanted electrodes.
Deep Brain Stimulation Devices Market Dynamics
The rise in prevalence of Parkinson’s disease is expected to be one of the major factors to support the rise in traction for the deep brain stimulation devices market.
Furthermore, the rise in the geriatric population globally is projected to underpin the growth in the deep brain stimulation devices market over the forecast period.
The global deep brain stimulation devices market is expected to increase at a significant CAGR over the forecast period owing to the increasing prevalence of neurological disorders, geriatric population, and increase awareness and healthcare conditions globally.
Increasing expenditure in the healthcare industry to build better medical devices for such diseases is also one of the major factors, which is expected to increase the demand for deep brain stimulation devices market globally over the forecast period.
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Deep Brain Stimulation Devices Market Segmentation
The global deep brain stimulation market is segmented on the basis of product type, therapeutic application, drug type, distribution channel and region
On the basis of product type, the global deep brain stimulation devices market can be segmented into single channel deep brain stimulator, multiple channel deep brain stimulator.
On the basis of application, the global deep brain stimulation devices market can be segmented into Parkinson’s disease, essential tremor, chronic pain, dystonia, & Tourette syndrome.
On the basis of end-user, the global deep brain stimulation devices market can be segmented into hospitals, ambulatory surgical centers, and neurological clinics.
The increase in the adoption of deep brain stimulation devices by various healthcare professionals may enhance the demand for the deep brain stimulation product.
Product Type
Single Channel Deep Brain Stimulator
Multi-Channel Deep Brain Stimulator
By Application
Parkinson’s Disease
Essential Tremor
Dystonia
Others
By End-User
Hospitals
Ambulatory Surgical Centers
Neurological Clinics
Deep Brain Stimulation Devices Market Key Players
Deep brain stimulation devices market is mainly dominated by
St. Jude Medical
Medtronic Inc.
Boston Scientific
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