What Is The Predicted Revenue Outlook For The Global Deep Brain Stimulation Device Market To Surpass $2.63 Billion?
Claim your 20% discount on Global Market Reports with code ONLINE20. Limited time only.
How Is The Deep Brain Stimulation Device Market Expected To Grow In Terms Of Size?
The market for deep brain stimulation devices has experienced swift growth in recent years. The industry, worth $1.54 billion in 2024, is projected to increase to $1.7 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.7%. The notable growth during the historical period is linked to a rise in neurological disorders, an aging population, limited effectiveness of medications, heightened awareness and acceptance, alongside advancements in surgical methods.
The market for deep brain stimulation devices is predicted to experience considerable expansion in the coming years, reaching a value of $2.63 billion by 2029 with a compound annual growth rate (CAGR) of 11.4%. This anticipated growth during the forecast period can be linked to various factors such as broadening applications for DBS, a rise in healthcare spending, the development of cutting-edge devices, heightened patient receptivity, government support and funding, plus a surge in collaborations and partnerships. Trends for the forecast period comprise patient-focused design and user interface, advancements in closed-loop neuromodulation research, integration with telehealth, clarification in regulatory pathways, and increased levels of collaboration and partnerships.
Get A Free Sample Of The Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10733&type=smp
What Market Forces Are Contributing To The Growth Of The Deep Brain Stimulation Device Market?
The rise in neurological diseases is projected to boost the deep brain stimulation device market’s expansion in the future. Neurological disorders refer to medical conditions that impair the central and peripheral nervous systems. Deep brain stimulation devices are utilized to regulate abnormal brain functionality and balance the brain’s chemical disparities that lead to various disorders. For example, as per the World Health Organization, a specialized health agency based in Switzerland, around 50 million people worldwide were reported to have epilepsy in February 2023. Furthermore, in 2022, according to the Parkinson’s Foundation report, an American non-profit organization advocating for Parkinson’s disease patients, the annual new cases of Parkinson’s disease elevated to 90,000. This represents a 50% growth from the initially anticipated rate of 60,000 diagnoses annually. Therefore, the escalating prevalence of neurological disorders is fueling the growth of the deep brain stimulation device market.
How Is The Deep Brain Stimulation Device Market Segmented Across Key Categories?
The deep brain stimulation devicemarket covered in this report is segmented –
1) By Product Type: Single-Channel Deep Brain Stimulator, Dual-Channel Deep Brain Stimulator
2) By Application: Epilepsy, Essential Tremor, Obsessive-Compulsive Disorder (OCD), Depression, Dystonia, Parkinson’s Disease, Pain Management, Other Applications
3) By End User: Hospitals, Neurology Clinics, Ambulatory Surgical Centers, Research Centers
Subsegments:
1) By Single-Channel Deep Brain Stimulator: Implantable Pulse Generators, Electrode Leads, Accessories
2) By Dual-Channel Deep Brain Stimulator: Implantable Pulse Generators, Electrode Leads, Accessories
What Key Trends Are Driving Growth In The Deep Brain Stimulation Device Market?
Significant corporations in the deep brain stimulation device market are focusing on technological advancements, such as the development of connected care technology. The goal is to augment patient care by facilitating remote programming, promoting better patient-healthcare provider communication, and enhancing treatment results for people with movement disorders. Connected care technology essentially involves the amalgamation of digital tools and applications that enable ongoing interaction and data exchange between patients and healthcare providers. This technology aims to improve patient observation, treatment regulation, and the general administration of healthcare services. For example, in the month of January 2024, Abbott Laboratories – a healthcare and medical device organization based in the U.S., gained the green light from the U.S. Food and Drug Administration for the Liberta RC DBS system. This device is the smallest rechargeable deep brain stimulation device for addressing movement disorders in existence. The Liberta RC DBS system comes with various key features such as remote programming via the NeuroSphere Virtual Clinic, a necessity of only 10 recharges annually, and a compact design that is 31% smaller compared to similar devices available in the market. The device also comes with a wireless charging system that can recharge the device every 37 days and provides adjustable controls via an Abbott patient controller or an iOS device that’s compatible.
Who Are The Major Stakeholders Operating In The Deep Brain Stimulation Device Market?
Major companies operating in the deep brain stimulation device market include Medtronic PLC, Abbott Laboratories, Boston Scientific Corporation, Aleva Neurotherapeutics SA, Functional Neuromodulation Ltd, NeuroPace, Inc., LivaNova PLC, Beijing PINS Medical Co. Ltd., SceneRay Corporation, Synapse Biomedical Inc., Deep Brain Innovation LLC, Nevro Corp., MicroPort NeuroTech, Stimwave LLC, Sapiens Neuro, Neuronetics Inc., BlueWind Medical Ltd., Brainsway Ltd., Neuralink Corporation, Med-Ally LLC, Axion BioSystems Inc., CereGate GmbH, NeuroSigma Inc., Bioinduction Ltd., Alpha Omega Engineering Ltd., Helius Medical Technologies, ANM Adaptive Neuromodulation GmbH, MagVenture A/S, Precisis AG, Monteris Medical Inc.
Access The Complete Report Here:
https://www.thebusinessresearchcompany.com/report/deep-brain-stimulation-device-global-market-report
How Do Regional Dynamics Influence The Deep Brain Stimulation Device Market Performance?
North America was the largest region in the deep brain stimulation devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global deep brain stimulation devices market report during the forecast period. The regions covered in the deep brain stimulation device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Customize Your Report Here:
https://www.thebusinessresearchcompany.com/customise?id=10733&type=smp
Browse Through More Reports Similar to the Global Deep Brain Stimulation Device Market 2025, By The Business Research Company
Neurology Devices Global Market Report 2025
https://www.thebusinessresearchcompany.com/report/neurology-devices-global-market-report
Neurodegenerative Disorder Therapeutic Global Market Report 2025
Neurophysiology Devices And Equipment Global Market Report 2025
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
