Market Trends of Europe Neurostimulation Industry
This section covers the major market trends shaping the Europe Neurostimulation Devices Market according to our research experts:
Parkinson’s Disease Segment is expected to be the Fastest Growing Segment
With the growing aging population and increasing prevalence of Parkinson's disease, the market is expected to witness a high growth rate. Parkinson's syndrome is one of the most common neurological diseases found in Germany. It is found to be affecting the older population, and among people aged above 65 years, the prevalence is 1,800 per 100,000. Therefore, in Germany, the number of patients is likely to increase in the future. Furthermore, Europe has a growing aging population. For instance, according to the Fondation de France, one in five French person is over 60 years old, and in 2050 one in three will be. Therefore age-associated diseases are assuming ever-greater proportions. Parkinson’s disease currently affects around 150,000 people in France. Deep Brain Stimulation (DBS) is the most commonly performed surgical treatment for Parkinson's, but it's not for everyone. DBS therapy is currently approved in many locations across the world, including the United States and Europe, as a treatment for the disabling symptoms of essential tremors, and recently, the long-standing Parkinson's disease. Thus, owing to the all above-mentioned factors, the market is expected to witness high growth over the forecast period.