Deep Brain Stimulation Devices Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by product type, application (Parkinson’s Disease, Essential Tremor, Obsessive Compulsive Disorder, Epilepsy, Dystonia, and Other), end user, and geography.

Market Snapshot

Deep Brain Stimulation Devices Market 1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

North America

CAGR:

11.8%

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The major factors for the growth of the deep brain stimulation devices market include the rapidly aging population leading to risk and high prevalence of neurological disorders, growing demand for the devices due to the rising popularity of minimally invasive procedures, and availability of technologically advanced deep brain stimulation devices.

Deep Brain Stimulation (DBS) is a widely used treatment for the advanced Parkinson's disease (PD), essential tremor, and dystonia, and its clinical applications. However, in addition to the extension of the clinical applications of DBS over the last three decades, there has been tremendous growth in technology. Therefore, the advent of competition in the DBS industry has led to a surge of innovative technologies. Currently, there are multiple DBS systems that are approved by the European and US regulatory agencies. The US Food and Drug Administration (FDA) has recently approved Boston Scientific Corporation’s Vercise Deep Brain Stimulation (DBS) System. This DBS system is used to treat the symptoms of Parkinson's disease (PD). Therefore, researchers are also improving their existing DBS systems, while developing the next generation of devices. The researchers are targeting DBS to different areas of the brain and studying the treatment in different populations of people living with Parkinson’s. Although, some changes in the new systems have shown improvement in clinical outcomes. Nevertheless, these new developments in DBS technology are encouraging a large patient community and to the health care providers. Hence, all these new advancements in the technologies have to lead to the increase in the deep brain stimulation devices market.

Scope of the Report

As per the scope of this report, deep brain stimulator is a battery-operated medical device called neurostimulator, used in the neurosurgical procedure, which helps to treat a variety of disabling neurological symptoms. The market is segmented by product type, application, end user, and geography.

By Product Type
Single Channel Deep Brain Stimulator
Dual Channel Deep Brain Stimulator
By Application
Parkinson's Disease
Essential Tremor
Obsessive Compulsive Disorder
Epilepsy
Dystonia
Other
By End User
Hospitals
Ambulatory Surgical centers
Neurological Clinics
Other
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Parkinson’s Disease is the Segment by Application is expected to Dominate the Market

The major factor driving the growth of the segment is the rising prevalence of Parkinson’s diseases across the globe. According to Parkinson’s news in 2018, approximately 1.2 million people in the United States are predicted to have Parkinson’s disease by the year 2030. It is the second-most common neurodegenerative disorder in the United States. Similarly, as per the estimates of the NHS UK, Parkinson's disease is found affecting around 1 in 500 people, which means there are an estimated 127,000 people in the UK with the condition. In addition, there are thousands of patients who go undetected. DBS is the most commonly performed surgical treatment for Parkinson's. It is usually done in people who have had Parkinson's for at least four years and still get a benefit from medication but have motor complications. Furthermore, there is a rising technological advancement is going on in the field of DBS propelling overall growth of the market.

Deep Brain Stimulation Devices Market 2

To understand key trends, Download Sample Report

North America is Expected to Dominate the Market

According to the Parkinson’s Foundation Prevalence Project, 930,000 people in the United States will be living with Parkinson disease by the year 2020. The combined direct and indirect costs of Parkinson’s in the United States, including treatment, disability, and similar costs, plus lost income from an inability to work, are estimated at USD 25 billion per year in the United States alone. Hence, a growing burden of Parkinson’s disease on the healthcare system coupled with uncertain economic conditions in the United States has forced the Original Equipment Manufacturers (OEMs) to develop cost-effective devices for the treatment of neurological movement disorders. The US Food and Drug Administration (FDA) has also approved another deep brain stimulation (DBS) device in 2015, for treatment of Parkinson’s disease and essential tremor. The Brio System’s approval has been good news for the Parkinson’s patient community in the market, as it may stimulate more rapid development of DBS technology. Boston Scientific Corporation has received approval from the US Food and Drug Administration (FDA) in Dec, 2017, for the Vercise Deep Brain Stimulation (DBS) System. Hence, all these recent product approvals and growing incidences of the Parkinson’s disease have helped in driving the Deep Brain Stimulation Devices Market.

Deep Brain Stimulation Devices Market 3

To understand geography trends, Download Sample Report

Competitive Landscape

The market studied is a consolidated market owing to the presence of the few major market players. Some of the market players are Abbott Laboratories (St Jude Medical), Beijing PINS Medical Co., Ltd., Boston Scientific Corporation, Fisher Wallace, Functional Neuromodulation, Ltd, Medtronic Plc, NeuroPace Inc., and Renishaw plc

Major Players

  1. Abbott Laboratories (St Jude Medical)
  2. Boston Scientific Corporation
  3. Medtronic Plc
  4. NeuroPace Inc.
  5. Renishaw plc

* Complete list of players covered available in the table of contents below

Deep Brain Stimulation Devices Market 4

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rapidly Aging Population Leading to Risk and High Prevalence of Neurological Disorders

      2. 4.2.2 Growing Demand for the Devices due to Rising Popularity of Minimally Invasive Procedures

      3. 4.2.3 Availability of Technologically Advanced Deep Brain Stimulation Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Risks Associated with Deep Brain Stimulation Procedures

      2. 4.3.2 Implementation of the Government Policies Negatively Affecting the Market

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Single Channel Deep Brain Stimulator

      2. 5.1.2 Dual Channel Deep Brain Stimulator

    2. 5.2 By Application

      1. 5.2.1 Parkinson's Disease

      2. 5.2.2 Essential Tremor

      3. 5.2.3 Obsessive Compulsive Disorder

      4. 5.2.4 Epilepsy

      5. 5.2.5 Dystonia

      6. 5.2.6 Other

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical centers

      3. 5.3.3 Neurological Clinics

      4. 5.3.4 Other

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 UK

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories (St Jude Medical)

      2. 6.1.2 Beijing PINS Medical Co., Ltd.

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 Fisher Wallace

      5. 6.1.5 Functional Neuromodulation, Ltd

      6. 6.1.6 Medtronic Plc

      7. 6.1.7 NeuroPace Inc.

      8. 6.1.8 Renishaw plc

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information