About Deep Brain Stimulation
Deep brain stimulation is a process that involves implanting electrodes within certain areas of the brain. These electrodes produce electrical impulses that regulate abnormal pulses. And these electrical impulses also affect certain cells and chemicals within the brain. This treatment is done for people with movement disorders including essential tremor, Parkinson’s disease, and dystonia, and psychiatric conditions. This treatment is reserved for people who aren’t able to control symptoms with medicines. According to Emory University in Atlanta, Ga. there are 3.4 million Americans who have epilepsy, over one-third are drug resistant. The expansion of DBS has made new options to access and examine malfunctioning brain circuits and to test the therapeutic potential of regulating the output of these circuits in a broad range of disorders.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
In this players are continuously investing in technology advance devices and also focus on organic and inorganic growth strategies. The global Deep Brain Stimulation market is not much competitive. In terms of market share, few of the key players including Medtronic, Aleva presently dominate the global market. Key vendors with a prominent share in the global market are concentrating on escalating their client base the world. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Deep Brain Stimulation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boston Scientific Corp. (United States), Medtronic plc (Ireland), St. Jude Medical Inc. (United States), Aleva Neurotherapeutics (Switzerland), Beijing Pins Medical (China), NeuroPace (United States), NeuroSigma (United States) and Abbott Laboratories (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Deep Brain Stimulation market by Type (Subthalamic DBS, Globus Pallidus DBS, Thalamic DBS and Pedunculopontine Nucleus DBS), Application (Pain Management, Epilepsy, Essential Tremor, Obsessive-Compulsive Disorder (OCD), Depression, Dystonia, Parkinson’s disease and Others) and Region.
On the basis of geography, the market of Deep Brain Stimulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Single Channel Deep Brain Stimulator will boost the Deep Brain Stimulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Innovations
Market Growth Drivers:
Needs of an Ageing Population Worldwide and Increasing Depression and Alzheimer Disease
Challenges:
Highly Focal Point Is Insufficient As a Means of Addressing Dysfunction of Multiple Circuits
Restraints:
Progress/Risk of Technology and Substitutes Threat
Opportunities:
DBS Science Helps To Define the Future Role of This Technology in the Growth of Novel Therapeutics for the Most Challenging Disorders Affecting the Human Brain
Market Leaders and their expansionary development strategies
In November 2023, STG a developer of DBS systems, acquires Neuroelectrics, a developer of noninvasive neuromodulation technologies, to integrate non-invasive neuromodulation therapies into its DBS platform and offer patients a broader range of treatment options.
In November 2023, Boston Scientific received CE Mark approval for its Vercise DBS system for the treatment of Tourette's syndrome. This approval marks the first time that DBS has been approved for the treatment of Tourette's syndrome in Europe.
FDA approved DMS as a treatment for essential tremor in 1997, and for Parkinson’s disease in 2002. Before this procedure, a neurosurgeon uses either MRI or CT scanning to detect the exact target area within the brain where the electric signals will generate the Parkinson’s disease symptoms.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Deep Brain Stimulation device Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.