Deep Brain Stimulation Devices Market: Emerging Technologies and Growth Prospects

 From 2023 to 2030, the Global Deep Brain Stimulation Devices Market is estimated to increase at a compound annual growth rate (CAGR) of 9.8% from USD 1.05 billion in 2023.The expansion of the market is expected to be driven by the increasing number of individuals experiencing involuntary movements associated with conditions like Parkinson's disease, dystonia, and multiple sclerosis. Additionally, there is a growing demand for minimally invasive treatments that yield improved patient outcomes, serving as a significant catalyst for market growth. Furthermore, the adoption of telehealth consultations and eHealth applications for monitoring patients with Parkinson's disease during the COVID-19 pandemic is anticipated to further stimulate the deep brain stimulation (DBS) devices market's expansion.




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However, it's important to note that the COVID-19 pandemic has had adverse effects on the market. It has negatively impacted both demand and manufacturing, disrupted supply chains, and imposed additional costs on businesses. To curb the virus's spread, brain surgeries have been delayed or canceled during this period. In countries significantly affected by the pandemic, including the United States, Russia, India, Brazil, France, the United Kingdom, Italy, and Spain, neurosurgical procedures decreased by 55%.

Manufacturers have faced challenges in meeting the needs of surgeons due to limited access to hospitals or changes in access regulations. Consequently, procedure volumes experienced a decline in 2020, restraining market expansion. Nonetheless, the increased utilization of teleconsultation for follow-up and regular check-ups of Parkinson's disease patients throughout the pandemic has had a positive impact on market growth.

Key Drivers in Deep Brain Stimulation Devices Market
 
  • Growing Prevalence of Neurological Disorders: The increasing prevalence of neurological disorders such as Parkinson's disease, essential tremor, dystonia, and obsessive-compulsive disorder (OCD) is a significant driver in the DBS devices market. DBS has shown to be an effective treatment option for these conditions, leading to a higher demand for DBS devices.
  • Advancements in DBS Technology: Continuous advancements in deep brain stimulation technology have improved the precision and safety of the procedure. Innovative features, such as directional leads, closed-loop systems, and adaptive stimulation algorithms, have enhanced patient outcomes and expanded the potential applications of DBS.
  • Rising Geriatric Population: As the global population ages, the incidence of age-related neurological disorders has increased. DBS devices have emerged as a viable treatment option for managing symptoms and improving the quality of life in older adults with Parkinson's disease and other neurodegenerative conditions.
  • Favorable Reimbursement Policies: In many regions, there have been improvements in reimbursement policies for DBS procedures, making the treatment more accessible to patients. Expanded insurance coverage and reimbursement support have contributed to the adoption of DBS devices.
  • Non-Responsive or Intolerant to Medications: Some patients with neurological disorders may not respond well to medications or may experience intolerable side effects. For these individuals, DBS offers a promising alternative for symptom management and improved daily functioning.
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Major Classifications are as follows:

Product Outlook (Revenue USD Million, 2023 - 2030)
• Single Channel
• Dual Channel

Application Outlook (Revenue USD Million, 2023 - 2030)
• Pain Management
• Epilepsy
• Essential Tremor
• Obsessive-Compulsive Disorder (OCD)
• Depression
• Dystonia
• Parkinson’s Disease
• Others

End Use Outlook (Revenue USD Million, 2023 - 2030)
• Hospitals
• Neurology Clinics
• Ambulatory Surgical Centers
• Research Centers

Regional Outlook (Revenue, USD Million, 2023 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
o Colombia
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE

Key Players

• Abbott (St. Jude Medical)
• Medtronic
• Boston Scientific Corporation
• Aleva Neurotherapeutics S.A.
• Nexstim
• LivaNova PLC
• Neuropace Inc.

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Key Questions Addressed by the Report

• What are the growth opportunities in the Deep Brain Stimulation Devices Market?
• What are the major raw materials used for manufacturing Deep Brain Stimulation Devices Market?
• What are the key factors affecting market dynamics?
• What are some of the significant challenges and restraints that the industry faces?
• Which are the key players operating in the market, and what initiatives have they undertaken over the past few years

Deep Brain Stimulation Devices Market Frequently Asked Questions (FAQs):
 
  • Do you need to turn off a deep brain stimulator for surgery?
  • What is the market shares of deep brain stimulation?
  • Which neurological conditions can be treated with DBS devices?
  • What are the potential benefits of DBS treatment?
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