Industry Background:
Deep brain stimulation (DBS) is a neurosurgical procedure involving the implantation of a medical device known as a neurostimulator which sends electrical impulses, through implanted electrodes, to specific targets in the brain for the treatment of movement & neuropsychiatric disorders. DBS in select brain regions has provided therapeutic benefits for treatment resistant disorders such as Parkinson's disease, essential tremor, dystonia, chronic pain, major depression, and obsessive compulsive disorder (OCD).This growth is primarily driven by Increasing incidence of Parkinson’s disease and Increasing demand for minimally-invasive treatment options.
Globally, a noticeable market trend is evident Advancements in deep brain stimulation device technologies
. Major Players, such as Medtronic (Ireland), Boston Scientific Corporation (United States), Enteromedics (United States), Cyberonics (United States), St. Jude Medical (United States), Neuropace (United States), Zynex (United States), Neuronetics (United States), Functional Neuromodulation (Canada) and Microtransponder (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
Regulatory Insights:
FDA approved DMS as a treatment for essential tremor in 1997, 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.
Market Drivers
- Increasing incidence of Parkinson’s disease
- Increasing demand for minimally-invasive treatment options
Market Trend
- Advancements in deep brain stimulation device technologies
- Growing Preference for targeted therapy approach
Restraints
- Negative impact on improving memory
- Stringent regulatory framework
Opportunities
Increasing awareness regarding the application of deep brain stimulation device and Increasing prevalence of neurological diseases couple with growing geriatric population
Challenges
Lead to allergic reaction
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Deep Brain Stimulation Devices Study Sheds Light on
The Deep Brain Stimulation Devices Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Deep Brain Stimulation Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Deep Brain Stimulation Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.