Product Code: 3921
The deep brain stimulation devices market is set to witness substantial growth through 2030 owing to increasing occurrences of neurological illnesses. In addition, surging demand for minimally invasive surgical procedures is also expected to spur market expansion over the forecast timeframe.
Notably, industry players have been adopting profitable strategies to improve their business presence, enhancing the overall dynamics of the deep brain stimulation devices market. For instance, in June 2021, Bioinduction Ltd., a leading provider of DBS platform solutions, announced the successful implantation of its DBS device in patients diagnosed with Parkinson's disease.
Bioinduction is credited with developing the world's first miniaturized DBS system, dubbed the Picostem. Picostem can be inserted directly into the skull, which makes it cosmetically invisible. This much smaller device eliminates the need for chest incision, extension leads, neck-tissue tunneling, and a pocket for the battery.
Recently, in June 2022, a team at the Allegheny Health Network, a U.S.-based healthcare firm, announced the launch of a pivotal pilot study on the use of DBS therapy as a potential treatment method for opioid addiction. The study was planned to involve three patients with refractory OUD (opioid use disorder).
Earlier, in January 2022, physicians at Allegheny Health Network joined a clinical trial to study the efficacy of DBS therapy in treating Alzheimer's disease. The earlier phases of the trial have indicated that the treatment could considerably benefit patients with mild Alzheimer's by stabilizing and enhancing their cognitive functions.
In another instance, in June 2021, the Michael J. Fox Foundation presented a novel guide to assist patients with Parkinson's disease in making informed decisions about opting for DBS (deep brain stimulation) as a treatment for the motor symptoms of the disorder.
The deep brain stimulation devices market has been divided in terms of end-user, application, and region.
On the basis of end-user, the market has been categorized into ambulatory surgical centers, hospitals, and others. In 2021, the hospitals segment was valued at around $906 million in revenue as hospitals are equipped with advanced deep brain stimulation devices, which improve patient outcomes and the quality of care.
On the basis of application, the deep brain stimulation devices market has been segmented into epilepsy, obsessive-compulsive disorder, dystonia, Parkinson's disease, essential tremor, pain management, and others. Owing to mounting prevalence of neurological disorders across the globe, the obsessive-compulsive disorder segment garnered more than 2.9% market share in 2021.
On the regional front, the Latin America deep brain stimulation devices market is expected to register over 10.7% CAGR between 2022 and 2030 due to increasing number of elderly patients with neurological disorders in the LATAM region.
Table of Contents
Chapter 1 Methodology
- 1.1 Market definitions
- 1.2 Base estimates & working
- 1.3 Forecast parameters
- 1.4 Data validation
- 1.5 Data sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Unpaid sources
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Deep brain stimulation devices industry 360 degree synopsis, 2017 - 2030
- 2.1.1 Business trends
- 2.1.2 Application trends
- 2.1.3 End-use trends
- 2.1.4 Regional trends
Chapter 3 Deep Brain Stimulation Devices Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry landscape, 2017 - 2030 (USD Million)
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Increasing demand for minimally invasive surgery in developed countries
- 3.3.1.2 Rising prevalence of neurological disorders globally
- 3.3.1.3 Technological advancements in deep brain stimulation devices
- 3.3.1.4 Increasing number of elderly patients with neurological disorders
- 3.3.2 Restraints
- 3.3.2.1 Complications associated with deep brain stimulation
- 3.3.2.2 Lack of skilled healthcare practitioners
- 3.4 Growth potential analysis
- 3.4.1 By application
- 3.4.2 By end-use
- 3.5 COVID-19 impact analysis
- 3.6 Porter's analysis
- 3.7 Competitive landscape, 2021
- 3.8 PESTEL analysis
Chapter 4 Deep Brain Stimulation Devices, By Application
- 4.1 Key segment trends
- 4.2 Parkinson's disease
- 4.2.1 Market size, by region, 2017-2030 (USD Million)
- 4.3 Epilepsy
- 4.3.1 Market size, by region, 2017-2030 (USD Million)
- 4.4 Essential tremor
- 4.4.1 Market size, by region, 2017-2030 (USD Million)
- 4.5 Obsessive-compulsive disorder
- 4.5.1 Market size, by region, 2017-2030 (USD Million)
- 4.6 Dystonia
- 4.6.1 Market size, by region, 2017-2030 (USD Million)
- 4.7 Pain management
- 4.7.1 Market size, by region, 2017-2030 (USD Million)
- 4.8 Others
- 4.8.1 Market size, by region, 2017-2030 (USD Million)
Chapter 5 Deep Brain Stimulation Devices, By End-use
- 5.1 Key segment trends
- 5.2 Hospitals
- 5.2.1 Market size, by region, 2017-2030 (USD Million)
- 5.3 Ambulatory surgical centers
- 5.3.1 Market size, by region, 2017-2030 (USD Million)
- 5.4 Others
- 5.4.1 Market size, by region, 2017-2030 (USD Million)
Chapter 6 Deep Brain Stimulation Devices, By Region
- 6.1 Key regional trends
- 6.2 North America
- 6.2.1 Market size, by country, 2017-2030 (USD Million)
- 6.2.2 Market size, by application, 2017-2030 (USD Million)
- 6.2.3 Market size, by end-use, 2017-2030 (USD Million)
- 6.2.4 U.S.
- 6.2.4.1 Market size, by application, 2017-2030 (USD Million)
- 6.2.4.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.2.5 Canada
- 6.2.5.1 Market size, by application, 2017-2030 (USD Million)
- 6.2.5.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.3 Europe
- 6.3.1 Market size, by country, 2017-2030 (USD Million)
- 6.3.2 Market size, by application, 2017-2030 (USD Million)
- 6.3.3 Market size, by end-use, 2017-2030 (USD Million)
- 6.3.4 Germany
- 6.3.4.1 Market size, by application, 2017-2030 (USD Million)
- 6.3.4.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.3.5 UK
- 6.3.5.1 Market size, by application, 2017-2030 (USD Million)
- 6.3.5.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.3.6 France
- 6.3.6.1 Market size, by application, 2017-2030 (USD Million)
- 6.3.6.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.3.7 Italy
- 6.3.7.1 Market size, by application, 2017-2030 (USD Million)
- 6.3.7.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.3.8 Spain
- 6.3.8.1 Market size, by application, 2017-2030 (USD Million)
- 6.3.8.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Market size, by country, 2017-2030 (USD Million)
- 6.4.2 Market size, by application, 2017-2030 (USD Million)
- 6.4.3 Market size, by end-use, 2017-2030 (USD Million)
- 6.4.4 Japan
- 6.4.4.1 Market size, by application, 2017-2030 (USD Million)
- 6.4.4.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.4.5 China
- 6.4.5.1 Market size, by application, 2017-2030 (USD Million)
- 6.4.5.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.4.6 India
- 6.4.6.1 Market size, by application, 2017-2030 (USD Million)
- 6.4.6.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.4.7 Australia
- 6.4.7.1 Market size, by application, 2017-2030 (USD Million)
- 6.4.7.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.5 Latin America
- 6.5.1 Market size, by country, 2017-2030 (USD Million)
- 6.5.2 Market size, by application, 2017-2030 (USD Million)
- 6.5.3 Market size, by end-use, 2017-2030 (USD Million)
- 6.5.4 Brazil
- 6.5.4.1 Market size, by application, 2017-2030 (USD Million)
- 6.5.4.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.5.5 Mexico
- 6.5.5.1 Market size, by application, 2017-2030 (USD Million)
- 6.5.5.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.6 Middle East and Africa
- 6.6.1 Market size, by country, 2017-2030 (USD Million)
- 6.6.2 Market size, by application, 2017-2030 (USD Million)
- 6.6.3 Market size, by end-use, 2017-2030 (USD Million)
- 6.6.4 South Africa
- 6.6.4.1 Market size, by application, 2017-2030 (USD Million)
- 6.6.4.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.6.5 Saudi Arabia
- 6.6.5.1 Market size, by application, 2017-2030 (USD Million)
- 6.6.5.2 Market size, by end-use, 2017-2030 (USD Million)
- 6.6.6 UAE
- 6.6.6.1 Market size, by application, 2017-2030 (USD Million)
- 6.6.6.2 Market size, by end-use, 2017-2030 (USD Million)
Chapter 7 Company Profiles
- 7.1 Strategy dashboard, 2021
- 7.2 Abbott
- 7.2.1 Financial data
- 7.2.2 Product landscape
- 7.2.3 Strategic outlook
- 7.2.4 SWOT analysis
- 7.3 Boston Scientific
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 SWOT analysis
- 7.4 Medtronic
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 Strategic outlook
- 7.4.5 SWOT analysis
- 7.5 Beijing PINS Medical Co. Ltd
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 SWOT analysis
- 7.6 SceneRay Co., Ltd.
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 Strategic outlook
- 7.6.5 SWOT analysis