Global Deep Brain Stimulation (DBS) Market by Type (Single-channel DBS, Dual-channel DBS), By Application (Parkinson’s Disease, Essential Tremor, Dystonia, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global deep brain stimulation (DBS) market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing prevalence of neurological disorders, technological advancements in DBS devices, and rising awareness about DBS therapy. Based on type, the global deep brain stimulation (DBS) market is segmented into single-channel DBS and dual-channel DBS. The single-channel DBS segment is expected to account for the majority share of the global deep brain stimulation (DBS) market in 2018. However, the dual-channel DBS segment is projected to grow at a higher CAGR during the forecast period owing to its advantages over single-channel devices such as improved efficacy and reduced side effects. Based on application, the global deep brain stimulation (DBS) market is divided into Parkinson's disease, essential tremor, dystonia, and others. The Parkinson's disease segment accounted for majority share of this market in 2017 and it is projected to maintain its dominance duringthe forecast period dueto high prevalenceof this disorder acrossthe globe .



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Product Definition:

Deep brain stimulation (DBS) is a surgical procedure used to treat certain neurological conditions by implanting a device called a stimulator into the brain. The stimulator sends electrical impulses to specific areas of the brain that are involved in movement, mood, or thinking. Deep brain stimulation is used to treat conditions such as Parkinson's disease, essential tremor, dystonia, and obsessive-compulsive disorder.

Single-channel DBS:

Single-channel DBS (SCDBS) is a type of brain stimulation technique that involves the delivery of an electrical signal to the targeted brain region through one wire. The signal can be turned on and off at will, which makes it an effective therapy for various neurological disorders such as obsessive-compulsive disorder, Parkinson's disease, dystonia and epilepsy.

The global deep brain stimulation market size was valued at USD 1.9 billion in 2015.

Dual-channel DBS:

Dual-channel DBS is a combination of two methods for delivering stimulation to the brain. One method is through direct current (DC) and the other method is by using magnetic fields. DC dual-channel DBS has been used extensively as it can be effective in treating patients with Parkinson's disease, dystonia, and essential tremor at low cost and without surgery.

Application Insights:

The Parkinson's disease segment dominated the global market in 2017. Deep brain stimulation therapy is considered as one of the effective treatment options for PD, owing to its ability to reduce levodopa and dopamine receptor damage. Moreover, DBS therapy provides better control of motor symptoms such as rigidity, bradykinesia and tremor than medication alone. This has led to a significant increase in adoption of DBS for PD treatment across the globe. Essential tremors also have high potential to be treated with DBS; however, this application segment is relatively unexplored compared with other Parkinson¢â‚¬â„¢s diseases or PD itself.

Dystonia is another major application segment that could witness considerable growth over the forecast period due largely to increased adoption by healthcare providers and Dystonia Association International (DAI).

Regional Analysis:

North America dominated the global market in 2017 owing to the availability of improved treatment options, rising prevalence of neurological disorders, and increasing government funding for R&D. Moreover, an increase in awareness about deep brain stimulation is further expected to drive growth during the forecast period.

Asia Pacific is expected to witness lucrative growth over the forecast period due to a rise in disposable income and improving healthcare infrastructure. Furthermore, growing medical tourism industry coupled with initiatives by governments are anticipated to boost demand for DBS devices across this region. For instance, as per a white paper published by Parkinson’s Foundation International Network (PFIN), India has around 60 thousand patients suffering from Parkinson's disease (PD).

Growth Factors:

Increasing prevalence of neurological disorders such as Parkinson’s disease, Alzheimer’s disease, and epilepsy is expected to drive the growth of the deep brain stimulation market.
Rising geriatric population is also a major factor that is anticipated to fuel the demand for deep brain stimulation devices in the near future.
Growing awareness about deep brain stimulation therapy among neurologists and patients is another key factor that would propel market growth during the forecast period.
Technological advancements in DBS devices are likely to create new opportunities for players operating in this market over the next few years.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Deep Brain Stimulation (DBS) Market Research Report
By Type
Single-channel DBS, Dual-channel DBS
By Application
Parkinson's Disease, Essential Tremor, Dystonia, Others
By Companies
Medtronic, Boston Scientific, Abbott, Beijing Pins, SceneRay, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.

Global Deep Brain Stimulation (DBS) Market Report Segments:
The global Deep Brain Stimulation (DBS) market is segmented on the basis of:
Types
Single-channel DBS, Dual-channel DBS
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Parkinson's Disease, Essential Tremor, Dystonia, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Medtronic
Boston Scientific
Abbott
Beijing Pins
SceneRay
Medtronic



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Highlights of The Deep Brain Stimulation (DBS) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Single-channel DBS
Dual-channel DBS
By Application:
Parkinson's Disease
Essential Tremor
Dystonia
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Deep Brain Stimulation (DBS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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