123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Deep Brain Stimulation Devices Market Expected To Reach Us$ 9,548.0 Mn By 2026

By Author: Chakresh Thakur
Total Articles: 490

The latest market report published by Credence Research, Inc. “Deep Brain Stimulation Devices Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global deep brain stimulation devices market was valued at US$ 699.6 Mn in 2017 and expected to reach US$ 1,889.4 Mn by 2026, expanding at a CAGR of 11.6% from 2018 to 2026.

Browse the full report Deep Brain Stimulation Devices Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/deep-brain-stimulation-devices-market

Market Insights

Since the first application of deep brain stimulation (DBS) in the 1990s, the indications for the potential use of deep brain stimulation devices have been expanding. At present, over 1.5 million individuals have undergone DBS treatment for several approved and off label indications. Reversibility and titratability are the key features of deep brain stimulation devices augmenting their appeal in the field of clinical neurology. Despite their perceived advantages, the USFDA has been cautious in the approval and widespread adoption of deep brain stimulation treatments. Parkinson’s disease, epilepsy and tremors have been approved by the FDA with dystonia and obsessive compulsive disorders being granted exemption under humanitarian grounds. Conversely, the European commission is being more liberal in granting direct approval for these conditions. DBS has been applied for several conditions with proved benefits. However, due to scarcity of the number of procedures, robust evidence owing to difficulty in performing double blind randomized trials for such conditions is lacking.

As the global burden of neurological diseases is increasing, the healthcare infrastructure worldwide is augmenting its efforts towards introducing and incorporating new treatment methods and modalities that shall assist in mitigating the ever-growing toll of diseases. High morbidity has therefore created clinical urgency for long-term treatment options such as deep brain stimulation. Deep brain stimulation devices have proven evidence to have an important role in offering potential treatment to conditions such as epilepsy, tremors, and Parkinson’s disease, and are being further explored for their viability in other neurological areas.

Advancements in deep brain stimulation device technologies are shaping the growth of this market. Some of such advancements include customized programming, robot-assisted implantations, integrated pulse generators, and so on. Such progresses have allowed better treatment outcomes and safety profile to deep brain stimulation devices, particularly in treatment of movement disorders. At present, among the several approved applications of deep brain stimulation devices, Parkinson’s disease dominates the global market both in terms of revenue and volume. Parkinson’s disease is a common neurological disease with less treatment alternatives, and the available treatments are often administered for life. Long-term costs of Parkinson’s medications have led to increased adoption of deep brain stimulation devices, therefore gaining a greater market share. Additionally, the recently approved epilepsy application is expected to undergo the fastest growth during the forecast period. Lower therapeutic response to medication and lower outcomes from surgeries will urge chronic patients to adopt deep brain stimulation as a potential treatment.

The global deep brain stimulation devices market is highly competitive and consolidated. The market is characterized by the presence of limited number of players. The major companies operating in this market are engaged in developing next generation devices that shall deliver better treatment outcomes, with expanded application areas with legal sanction. The companies are also actively engaged expanding their geographical reach, and improving distribution channels with partnerships and distribution agreements.

Key Market Movements:

Growing prevalence of neurodegenerative diseases such as Parkinson’s disease and other movement disorders
Lack of availability of viable and more efficacious treatment options for such diseases
Growing preference of neurostimulation devices for treatment of neurological conditions
Intensive marketing strategies in North America and Europe
Intensive research and development activities promoting the efficacy of DBS devices

Total Views: 26Word Count: 599See All articles From Author

Business Articles

1. New Ai Innovations Bring The Healthcare Sector To A Cagr Of 54.5% By 2025
Author: Bella Harris

2. The Biggest Upgrade For Moto Z4‘s Is Surprisingly Retro Mobilephone
Author: John Barden

3. Solid State Drive Market Is Estimated To Cross The $60,000 Million Mark By 2023
Author: rahul harsh

4. Get Audit Assistance By An Expert By Following These 5 Tips To Ensure You Are A Law Abiding Company
Author: Kay L Varian

5. Check Out These 2 New Realme X Back Covers!
Author: khadak singh

6. Thermoplastic Polyurethane Films Market Trends, Competitive Landscape And Key Regions 2025
Author: Market Research Future

7. Polyethylene Terephthalate (pet) Industry Report
Author: Aarkstore Market Research

8. India Ups Market Is Expected To Grow With A Cagr Over 8% During The Forecast Period 2018-2025
Author: rahul harsh

9. Polyvinyl Butyral Market Manufacturers, Countries, Type And Application, Forecast To 2025
Author: Market Research Future

10. Duracable Has All The Drain Cleaning Supplies You Need
Author: Lori Troyer

11. How To File Gst Come On-line
Author: advise

12. Polymer Foam Market Growth Rate, Revenue, Manufacturers, Customer Needs And Forecast To 2025
Author: Market Research Future

13. Flip-phone Should Return This Year With An Best Price Tag Of Motorola Razr
Author: John Barden

14. Select A Leading Agency For Quality, Genuine Rates Waterjet Cutting Services
Author: Ann King

15. How To Properly Remove And Restore Fire Damage In Your Property
Author: ServiceMaster 24/7

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: