Global deep brain stimulators market is expected to grow at a CAGR of around 7% during the forecast period. Deep Brain Stimulation is a device used for the treatment of neurological disorders such as Parkinson’s, Alzheimer’s and other psychiatric disorders such as dystonia, epilepsy, essential tremor, obsessive-compulsive disorder. It involves device implantation, referred to a neurostimulator. The neurostimulator works by transmitting electrical impulses through implanted electrodes, to particular targets in the brain. This, in turn, enables the treatment of neurological conditions. It is a minimally invasive procedure. The DBS consist of mainly three components, such as the lead, the extension and the implanted pulse generator (IPG). These components are surgically implanted inside the body.
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The crucial factors that are driving the demand for deep brain stimulation include the growing prevalence of neurological and psychiatric disorders. According to the Parkinson’s Foundation, every year, nearly 60,000 Americans are diagnosed with Parkinson’s disease. Moreover, over 10 million people are living with Parkinson’s globally. The possibility of having Parkinson’s among men is 1.5 times more compared to women. The incidences of Parkinson’s disease rise with the age, however, an estimated 4% of people suffering from the disease are diagnosed earlier age 50. DBS enables for the treatment of Parkinson’s symptoms such as trouble walking, stiffness and tremors. It can also be used for the treatment of side effects associated with Parkinson’s medicines. Hence, such a rise in the prevalence of Parkinson’s disease is primarily boosting the demand for deep brain stimulators devices.
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Deep Brain Stimulators Market Segmentation
By Product
- Single Channel
- Dual Channel
By Application
- Parkinson’s Disease
- Depression
- Others
By End-User
- Hospitals and Clinics
- Research Institutes
Company Profiles
- Abbott Laboratories (St. Jude Medical)
- Beijing PINS Medical Co. Ltd.
- Boston Scientific Corp.
- Fisher Wallace
- Functional Neuromodulation Ltd.
- Medtronic PLC
- NeuroPace Inc.
- Renishaw PLC
- Enteromedics
- Cyberonics
- Neurosigma
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