Deep brain stimulation (DBS) is a neurosurgical procedure involving the implantation of a medical device called a neurostimulator (sometimes referred to as a ‘brain pacemaker’), which sends electrical impulses, through implanted electrodes, to specific targets in the brain (brain nuclei) for the treatment of movement and neuropsychiatric disorders. DBS in select brain regions has provided therapeutic benefits for otherwise-treatment-resistant disorders such as Parkinson’s disease, essential tremor, dystonia, chronic pain, major depression and obsessive–compulsive disorder (OCD). Despite the long history of DBS, its underlying principles and mechanisms are still not clear. DBS directly changes brain activity in a controlled manner, its effects are reversible (unlike those of lesioning techniques), and it is one of only a few neurosurgical methods that allow blinded studies.
North America is the largest sales place, with a sales market share nearly 51% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 30%. China, Japan is also important sales regions for Deep Brain Stimulation Devices.
Deep Brain Stimulation Device market is mainly occupied by large companies, Sorin as the largest player in the market produced over 57% of Artificial Heart Lung Machine and made more than 59.6% of revenue share in 2016. MAQUET followed as second produced about 18.3% in 2016.
In 2019, the global Deep Brain Stimulation Devices market size was US$ 952.5 million and it is expected to reach US$ 1930.6 million by the end of 2027, with a CAGR of 10% during 2021-2027.
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The major companies include:
- Medtronic
- Boston Scientific
- Abbott
- Beijing Pins
- SceneRay
Segment by Type, the Deep Brain Stimulation Devices market is segmented into
- Single-channel DBS
- Dual Channel DBS
Segment by Application, the Deep Brain Stimulation Devices market is segmented into
- Parkinson’s Disease
- Essential Tremor
- Dystonia
- Others
Scope of the Report
The research study analyzes the global Deep Brain Stimulation Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Deep Brain Stimulation Devices Market Report
1. What was the Deep Brain Stimulation Devices Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Deep Brain Stimulation Devices Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Deep Brain Stimulation Devices Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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