The report “Deep Brain Stimulation Market By Application: (Obsessive-Compulsive Disorder, Epilepsy, Parkinson’s Disease, Pain Management, Dystonia, Depression & Others) – Global Forecast to 2025”, issued by Crystal Market Research, the market has come across substantial development in the recent years and is projected to grow significantly over the forecast period.
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Deep Brain Stimulation Market by Application - Global Industry Analysis and Forecast to 2025: Industry Analysis
Deep brain stimulation market is expected to be around $3.2 billion by 2025. Rising number of people suffering from Parkinson’s disease and increased awareness about neurological disorders is driving the market globally. DBS can be used to treat various neurological disorders such as dystonia, Parkinson’s disease, epilepsy, Tourette syndrome, obsessive compulsive disorders, and chronic pain. According to WHO, neurological disorders category contributes to 2% of global burden of diseases. DBS also has major applications in controlling movement disorders. After Alzheimer’s disease, Parkinson’s disease is the most common neurological disorder. However, the high cost of the devices and risk of infection at the stimulator site are some of the factors restraining the market growth.
Global Deep Brain Stimulation Market: Competitive Analysis
Medtronic Plc, St. Jude Medical, Boston Scientific Corporation, EnteroMedics, Cyberonics, Zynex and Aleva Neurotherapeutics SA are the major companies operating in the global deep brain stimulation market.
Acquisition is one of the key strategies adopted by the major players in DBS market. For instance, Medtronic acquired Sapiens Steering Brain Stimulation to extend its product portfolio in the deep brain stimulation market.
Global Deep Brain Stimulation Market: Segmentation Overview
By Application:
Obsessive-Compulsive Disorder
Epilepsy
Parkinson’s Disease
Pain Management
Dystonia
Depression
Others
By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
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Global Deep Brain Stimulation Market: Market Opportunities
Increasing cases of different neurological disorders, rise in age related neurological disorders, rapidly growing elderly population, and increased awareness about the availability of different treatments for neurological disorders propose significant opportunities for the growth of DBS market globally. Further, technological advancements to improve the functionality of these devices will boost the acceptance of these devices rapidly on a global level. The rising acceptance of these devices over drugs that may lead to side effects is another indicator of rising opportunities for market growth.
Global Deep Brain Stimulation Market: Regional Analysis
North America dominated the global deep brain stimulation market in 2016, due to the presence of advanced healthcare infrastructure along with favorable reimbursement policies. On the other hand, Asia-Pacific market is expected to exhibit significant growth over the forecast period. Increased disposable income and improved healthcare expenditure in emerging economies such as India and China will drive the growth of this market.
Global Deep Brain Stimulation Market: Research Methodology
We utilize both essential and in addition auxiliary research for our market studies, gauges and for creating conjecture. Our exploration procedure begins by investigating the issue which empower us to plan the degree for our examination contemplate. Our exploration procedure is remarkably planned with enough adaptability to alter as indicated by changing nature of items and markets, while holding center component to guarantee unwavering quality and precision in inquire about discoveries. We comprehend both large scale and small scale monetary variables to assess and figure diverse market fragments.
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Key Topics Covered of Global Deep Brain Stimulation Market:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rising Cases of Parkinson ’s disease Globally
3.3.1.2. Increased Awareness about Neurological Movement Disorders
3.3.2. Restraints
3.3.2.1. High Cost of the Devices
3.3.2.2. Risk of Infection at the Stimulator Site
3.3.3. Opportunities
3.3.3.1. Technological Advancements to Improve Functionality of these Devices
3.4. Industry Trends
Read Premium News from The Open PR of Deep Brain Stimulation Market at: https://www.openpr.com/news/1260561/Deep-Brain-Stimulation-Market-Size-is-Expected-to-Cross-3-2-Billion-by-2025-Medtronic-Plc-St-Jude-Medical-Boston-Scientific-Corporation-EnteroMedics-Cyberonics-Zynex-and-Aleva-Neurotherapeutics-SA.html .
Chapter 4. Deep Brain Stimulation Market, By Application
Chapter 5. Deep Brain stimulation Market, By Region
Chapter 6. Company Profiles
…Read Full Table of Contents
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