2024-2033 Deep Brain Stimulation Systems Market Outlook: Unlocking Growth Potential
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What is the Expected Growth Rate of the Deep Brain Stimulation Systems Market from 2024 to 2033?
The deep brain stimulation systems market is set to increase from $2.28 billion in 2023 to $2.53 billion in 2024, reflecting a CAGR of 11.1%. Growth is attributed to a preference for less invasive surgeries, rising demand for minimally invasive procedures, and a high prevalence of neurological disorders.
The deep brain stimulation systems market is projected to grow rapidly, reaching $3.76 billion by 2028 with a CAGR of 10.4%. This growth is due to the increasing geriatric population, rising neurological disorders, and acceptance of neurostimulation therapies. Key trends include technological advancements in devices, focus on non-motor symptoms, and remote monitoring capabilities.
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What Key Factors Are Fueling the Growth of the Deep Brain Stimulation Systems Market?
The increasing prevalence of neurological disorders is expected to boost the deep brain stimulation systems market. These disorders affect the autonomic, peripheral, and central nervous systems. Deep brain stimulation systems are used in surgeries to deliver electrical stimulation for therapeutic effects. For example, in March 2023, the Parkinson’s Foundation noted nearly 90,000 annual diagnoses of Parkinson’s disease in the U.S., marking a significant increase from earlier estimates. Additionally, the Centers for Disease Control and Prevention reported that approximately 5.8 million Americans had Alzheimer’s disease in 2020, a number projected to nearly triple by 2060. Thus, the rise in neurological disorders is propelling the deep brain stimulation systems market.
What Are the Major Segments of the Deep Brain Stimulation Systems Market?
1) By Product: Single Channel, Dual Channel
2) By Application: Parkinson’s Disease, Essential Tremor, Obsessive Compulsive Disorder, Epilepsy, Dystonia, Other Applications
3) By End-user: Hospitals, Ambulatory Surgical Centers, Neurological Clinics, Other End Users
What New Trends Are Transforming the Deep Brain Stimulation Systems Market?
Major players in the deep brain stimulation systems market are innovating with DBS technology. Abbott Laboratories launched the Liberta RC DBS system in January 2024, featuring remote programming for movement disorder patients.
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Which Regions Are Driving Growth in the Deep Brain Stimulation Systems Market?
North America was the largest region in the deep brain stimulation systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep brain stimulation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Deep Brain Stimulation Systems Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the deep brain stimulation systems market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Deep Brain Stimulation Systems Market Include
1. Deep Brain Stimulation Systems Market Executive Summary
2. Deep Brain Stimulation Systems Market Segments
3. Deep Brain Stimulation Systems Market Size And Template Market Growth Rate
4. Key Deep Brain Stimulation Systems Market Trends
5. Major Deep Brain Stimulation Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Deep Brain Stimulation Systems Market
26. Top Deep Brain Stimulation Systems Companies
27. Deep Brain Stimulation Systems Market Opportunities And Strategies
28. Deep Brain Stimulation Systems Market, Conclusions And Recommendations
29. Appendix
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