Global Deep Brain Stimulator Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Single Channel Deep Brain Stimulator and Dual Channel Deep Brain Stimulator.

By Application;

Parkinson’s disease, Essential Tremor, Chronic Pain, Dystonia, and Tourette syndrome.

By End User;

Hospitals, Ambulatory Surgical centers, and Neurological clinics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn697553292 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Deep Brain Stimulator Market (USD Million), 2020 - 2030

In the year 2023, the Global Deep Brain Stimulator Market was valued at USD 1,396.35 million. The size of this market is expected to increase to USD 3,145.23 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 12.3%.

The global deep brain stimulator (DBS) market is witnessing robust growth, fueled by the rising prevalence of neurological disorders and advancements in medical technology. DBS therapy involves implanting electrodes into specific brain areas to regulate abnormal neuronal activity, offering promise in treating various conditions such as Parkinson's disease, essential tremor, dystonia, and obsessive-compulsive disorder. As neurological disorders become more prevalent worldwide, the demand for deep brain stimulators is increasing, driving the global market's expansion.

Key to this growth is the growing acceptance and adoption of DBS therapy among patients and healthcare providers. With greater awareness of its efficacy in managing neurological symptoms, more individuals are opting for this treatment. Advancements in surgical techniques and device technology have further improved the safety, precision, and effectiveness of DBS procedures, enhancing patient confidence and acceptance. Consequently, there's a rising demand for deep brain stimulators across different regions globally.

The widening application of deep brain stimulation beyond movement disorders to neuropsychiatric conditions is fostering market expansion. Clinical research shows DBS therapy's potential in treating psychiatric disorders like depression, bipolar disorder, and Tourette syndrome, offering hope to patients with treatment-resistant conditions. This expansion into new indications is driving innovation in next-generation devices and broadening the market for manufacturers. With continued technological advancements and a focus on personalized medicine, the global deep brain stimulator market presents promising opportunities for stakeholders in the healthcare sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Deep Brain Stimulator Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Rising Prevalence of Neurological Disorders
        2. Technological Advancements in Deep Brain Stimulation
        3. Expanding Applications of Deep Brain Stimulation
      2. Restraints:
        1. High Cost of Deep Brain Stimulation Therapy
        2. Risk of Surgical Complications
        3. Limited Reimbursement Coverage
      3. Opportunities:
        1. Expansion in Emerging Markets
        2. Personalized Medicine and Targeted Therapies
        3. Investment in Research and Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Deep Brain Stimulator Market,By Product Type, 2020 - 2030 (USD Million)
      1. Single Channel Deep Brain Stimulator
      2. Dual Channel Deep Brain Stimulator
    2. Global Deep Brain Stimulator Market,By Application, 2020 - 2030 (USD Million)
      1. Parkinson’s disease
      2. Essential Tremor
      3. Chronic Pain
      4. Dystonia
      5. Tourette syndrome
    3. Global Deep Brain Stimulator Market,By End User, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical centers
      3. Neurological clinics
    4. Global Deep Brain Stimulator Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. St. Jude Medical
      2. Boston scientific
  7. Analyst Views
  8. Future Outlook of the Market