According to a research report published by Spherical Insights & Consulting, the Global Deep Brain Stimulation Devices Market Size is Expected to Grow from USD 1.30 Billion in 2023 to USD 3.44 Billion by 2033, at a CAGR of 10.22% during the forecast period 2023-2033.

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A treatment called deep brain stimulation devices (DBSD) employs an implanted device to deliver an electrical current straight to particular brain regions. Electrical impulses produced by the electrodes affect brain activity and can treat specific medical conditions electrical impulses in the brain may lead to chemical and cellular influences and diseases. In deep brain stimulation, the amount of stimulation is controlled by a pacemaker-like device implanted under the skin of the upper chest. The electrodes in the brain are connected to this device by a wire that passes under the skin. It is primarily indicated for epilepsy and Parkinson’s disease. Furthermore, the rise in the growing incidence of neurological disorders, the safety and effectiveness of improvements in DBS technology, the increase of knowledge and understanding of DBS among patients and healthcare professionals, the expansion of DBS applications beyond Parkinson’s disease, favourable and profitable reimbursement policies, better and improved patient outcomes, and big R&D investments spur innovation. However, surgical challenges, such as infection and stroke, accompany the treatment, as do battery life, maintenance, cost, and accessibility, while potential side effects such as cognitive alterations have a negative impact on the market.

Browser key industry insights spread across 190 pages with 116 Market data tables and figures & charts from the report on the Global Deep Brain Stimulation Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Single-channel, and Dual-channel), By Application (Parkinson’s Disease, Epilepsy, Dystonia, and Essential Tremor), By End User (Hospitals, Neurology Clinics, Ambulatory Surgical Centers, Research Centers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The dual-channel segment is expected to hold the greatest market share through the forecast period.

On the basis of the product, the deep brain stimulation devices market is divided into single-channel and dual-channel. Among these, the dual-channel segment is expected to hold the greatest market share through the forecast period. This is attributed to providing more precise and tailored stimulation, potentially enhancing the results of treatment for patients suffering from neurological disorders. Dual-channel technological advancements address particular requirements and challenges in the treatment of diseases like Parkinson’s disease.

The Parkinson’s disease segment is expected to hold the greatest share through the projected period.

On the basis of the application, the deep brain stimulation devices market is divided into Parkinson’s disease, epilepsy, dystonia, and essential tremor. Among these, the Parkinson’s disease segment is expected to hold the greatest share through the projected period. This is attributed to Parkinson’s disease id degenerative disorder that has a substantial impact on motor function and quality of life among several individuals. The technological advancements and clinical innovations might further enhance the applicability and effectiveness of deep brain stimulation in addressing the complex needs of Parkinson’s patients.

The hospitals segment is expected to hold the largest revenue share through the forecast period.

On the basis of the end-user, the deep brain stimulation devices market is divided into hospitals, neurology clinics, ambulatory surgical centers, and research centers. Among these, the hospitals segment is expected to hold the largest revenue share through the forecast period. This is attributed to the incidence of cutting-edge facilities on hospital premises. Deep brain stimulation surgeries require high accuracy and rapid medical attention.

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North America is expected to hold the greatest share of the deep brain stimulation devices market over the projected timeframe.

North America is expected to hold the greatest share of the deep brain stimulation devices market over the projected timeframe. The growth of healthcare R&D operations has led to a dramatic increase in advancements in the field. The market expansion will be aided by the important presence of major companies in the sector in the United States. Technology advancements, high R&D expenditures, product approvals from the US Food and Drug Administration (FDA), and the rising incidence of neurological disorders are all major factors propelling market expansion in North America.

Asia Pacific is expected to grow at a rapid CAGR growth of the deep brain stimulation devices market during the forecast period. The Asia Pacific region’s market value is anticipated to increase at the fastest rate due to rising demand in nations like China, India, and Japan. Healthcare costs have increased in the region as a consequence, of rising disposable incomes. The growing public awareness of neurological conditions like epilepsy, essential tremors, and Parkinson’s disease will also help the deep brain stimulation market in Asia Pacific. Furthermore, one of the main forces behind the development is the expansion of medical facilities, including specialty clinics and multispecialty surgeries. Growth in the Asian market is largely being driven by the increasing number of neurologists and other medical professionals working there.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the deep brain stimulation devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global deep brain stimulation devices market are Abbott, Medtronic, Neuropace Inc., Renishaw Plc., Beijing Pinchi Medical Equipment Co. Ltd, Boston Scientific Corporation, Nexstim, LivaNova Plc, Aleva Neurotherapeutics S.A., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 Key Market Development

• In April 2024, The Advanced NeuroSmart Portable MER Navigation System, developed by Medtronic, was introduced in India to treat Parkinson’s disease through deep brain stimulation techniques.

• In January 2024, The US Food and Drug Administration (FDA) approved Abbott’s Liberta RC deep brain stimulation (DBS) system, which the company claims is the “smallest” rechargeable DBS device with remote programming, to be used in the treatment of movement disorders.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global deep brain stimulation devices market based on the below-mentioned segments:

Global Deep Brain Stimulation Devices Market, By Product

• Single-channel
• Dual-channel

Global Deep Brain Stimulation Devices Market, By Application

• Parkinson’s Disease
• Epilepsy
• Dystonia
• Essential Tremor

Global Deep Brain Stimulation Devices Market, By End User

• Hospitals
• Neurology Clinics
• Ambulatory Surgical Centers
• Research Centers

Global Deep Brain Stimulation Devices Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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