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Deep Brain Stimulator Market

Market Insights on Deep Brain Stimulator covering sales outlook, demand forecast & up-to-date key trends

Deep Brain Stimulator Market: Global Industry Analysis and Opportunity Assessment 2022-2032

Deep Brain Stimulator Market Overview

Global deep brain stimulator market sales were valued at around US$ 1.18 Bn at the end of 2021. The market is projected to register a 10.4% CAGR and top a valuation of US$ 3.47 Bn by 2032.

“Rapidly increasing geriatric population, high prevalence of neurological disease and availability of advanced deep brain stimulation technology will help the global deep brain stimulator market to generate great revenue in the forecasted period.”

Surgery that involves the implantation of an electrical device within the body is known as deep brain stimulation. This device transmits electrical signals to the part of the brain that controls the movement of the body. Additionally, deep brain stimulation device refers to the equipment used to monitor brain stimulation. Deep Brain Stimulation (DMS) is a treatment option for several immobilizing neurological conditions. It includes implanting a neurostimulator, a battery-powered medical device that transmits electrical signals to particular regions of the brain that regulate movement and affective issues like mood, pain, awakening and weight. A common neurological movement problem called essential tremor can also be treated with this treatment. The DMS system consists of three parts: the neurostimulator, which generates the electric current and is typically positioned under the skin near the collarbone, the extension, which connects the lead to the neurostimulator, and a thin, insulated wire called the electrode or lead that is inserted into the brain.

Attributes

Details

Deep Brain Stimulator Market Value in 2021

US$ 1.18 Bn

Deep Brain Stimulator Market Value in 2032

US$ 3.47 Bn

Deep Brain Stimulator Market CAGR (2022-2032)

10.4%

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What are the Factors Responsible for the Growth of the Deep Brain Stimulator Market?

The key factor fuelling the market for deep brain stimulation devices is the rising prevalence of dystonia and Parkinson's disease. Deep brain stimulation is adjustable and can be modified as the patient's disease or response to treatment changes. Additionally, this electrical injection is less complicated than pallidotomy and thalamotomy because it does not involve damage to any region of the brain. Another significant market driver is the rising demand for minimally invasive procedures as a result of better patient outcomes.

Furthermore, this industry is expected to experience growth due to technological developments in DBS technologies. Improved microelectrode designs, robotic implantation, rechargeable implantable pulse generators, multi-target stimulation, and customized directed programming are some of these technological advancements which propel the market for deep brain stimulator market in the forecasted period.

Which Region Shows Strong Growth Potential in the Deep Brain Stimulator Market?

In the deep brain stimulator market, the North American region holds the highest market share followed by the Asian region. The demand for deep brain stimulators is anticipated to rise as a result of campaigns to improve awareness of Parkinson's disease (PD) and increased government funding will boost the market growth in the North American region. Furthermore, the existence of significant competitors and the availability of sophisticated healthcare infrastructure all contribute to the expansion of this market.

Latin America, the Middle East, and Africa regions are at a blossoming stage and are expected to show sustainable growth shortly, owing to the prevalence of various neurological disorders.

Sabyasachi Ghosh
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Who are the Key Manufacturers of the Deep Brain Stimulator Market?

Some of the key players operating in the deep brain stimulator market are St. Jude Medical, Neuropace Inc., Boston Scientific Corporation, LivaNova PLC, Medtronic, Aleva Neurotherapeutics S.A., Nexstim, Medtronic, Beijing PINS Medical Co. Ltd, SceneRay Co., Ltd., SceneRay Co. among others.

Scope of Report

Report Attributes

Details

Growth Rate

CAGR of 10.4% 2022-2032

Base Year for Estimation

2021

Historical Data

2012-2021

Forecast Period

2022-2032

Qualitative Units

Revenue in USD Billion, Volume in Units and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segment Covered

  • Product
  • Application
  • End User
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Players

  • St. Jude Medical
  • Neuropace Inc.
  • Boston Scientific Corporation
  • LivaNova PLC
  • Medtronic
  • Aleva Neurotherapeutics S.A.
  • Nexstim
  • Medtronic
  • Beijing PINS Medical Co. Ltd
  • SceneRay Co., Ltd.
  • SceneRay Co

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Key Segments Covered in the Deep Brain Stimulator Industry Survey

By Product:

  • Single Channel
  • Dual Channel

By Application:

  • Depression
  • Pain Management
  • Dystonia
  • Parkinson’s Disease
  • Epilepsy
  • Essential Tremor
  • Others

End User:

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

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The global deep brain stimulator market is anticipated to register a CAGR of 10.4% during the forecast period.

The top 3 players in the global deep brain stimulator market are St. Jude Medical, Boston Scientific Corporation and SceneRay Co.

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Sabyasachi Ghosh
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Deep Brain Stimulator Market