What’s Driving Growth in the Deep Brain Stimulation Systems Market? Insights into Key Trends and Opportunities
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How has the deep brain stimulation systems market grown in recent years?
The market for deep brain stimulation systems has experienced substantial growth in recent years. The market is projected to expand from $2.53 billion in 2024 to $2.79 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.1%. The historic period’s growth can be associated with factors like the increased public preference for operations that are less invasive, heightened demand for minimally invasive surgery in developed regions, and a surge in the requirement for surgical procedures that are minimally invasive. The increase can also be linked to a high occurrence of diseases such as Parkinson’s disease and epilepsy, as well as a rising incidence of neurological disorders.
How is the deep brain stimulation systems market size expected to evolve during the forecast period?
The market for deep brain stimulation systems is set to witness substantial growth in the upcoming years, with a projected size of $4.16 billion in 2029 and a compound annual growth rate (CAGR) of 10.6%. This projected growth during this period can be ascribed to factors such as demographic changes leading to an enlarged elderly population, an increasing prevalence of neurological disorders worldwide, wider acceptance of neurostimulation treatments, and advancements in healthcare infrastructure. The predicted trend within this period will be influenced by the enhanced technology in deep brain stimulation devices, development in the field of technology, a focus on non-motor symptoms, the miniaturization and improved materials, the utilization of wireless connectivity and remote monitoring, along with the introduction of multimodal therapies.
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Which key drivers are propelling the deep brain stimulation systems market’s growth?
The rise in neurological disorders is anticipated to boost the expansion of the deep brain stimulation systems market in the future. Neurological disorders are a varied set of diseases impacting the body’s autonomic, peripheral, and central nervous systems. Deep brain stimulation systems are employed in neurosurgical procedures to deliver electrical stimulation to the specified location, with the intention of changing or controlling neural functions to achieve an adjustable, reversible, and therapeutic effect. For example, in March 2023, the Parkinson’s Foundation, an American national organization, reported that nearly 90,000 individuals in the US were diagnosed with PD annually, marking a 50% increase from the previous estimate of 60,000 diagnoses annually. As such, the escalating occurrence of neurological disorders is spurring the growth of the deep brain stimulation systems market.
What are the market segments in the deep brain stimulation systems industry?
The deep brain stimulation systems market covered in this report is segmented –
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
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Which leading companies are shaping the growth of the deep brain stimulation systems market?
Major companies operating in the deep brain stimulation systems market report are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Quest Diagnostics Inc., St. Jude Medical Inc., Stanford Health Care, Associated Regional and University Pathologists Inc., LivaNova PLC, OPKO Health Inc., Nordic Laboratories, Myriad Genetics Inc., Nevro Corporation, Genomic Health, Mayo Medical Laboratories, Foundation Medicine Inc., SceneRay Co., ACM Global Laboratories, Neuropace Inc., American Esoteric Laboratories, Nexstim Oy, Aleva Neurotherapeutics S.A., NeuroSigma Inc., Beijing PINS Medical Co. Ltd., BioMONTR Labs, Functional Neuromodulation Ltd., Miraca Holdings Inc., Nuvectra Corporation
What key trends are currently impacting the deep brain stimulation systems market’s development?
Leading firms in the deep brain stimulation systems market are pioneering novel technologies like deep brain stimulation (DBS) systems to aid patients suffering from movement disorders. Deep Brain Stimulation constitutes a medical process wherein an implanted gadget transmits an electrical pulse directly into specific areas of the brain. For example, Abbott Laboratories, an American medical devices and healthcare firm, unveiled the Liberta RC DBS system in January 2024. This system boasts of being the globe’s smallest rechargeable deep brain stimulation device with remote programming, designed specifically for individuals battling movement disorders. The Liberta RC DBS system represents an unparalleled, rechargeable, first-of-its-kind connected care technology in the U.S. It empowers patients to consistently connect with their doctors, ensuring optimal setup and functioning, and receive amended treatment settings remotely as and when required, eliminating the need for a clinic visit.
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Which geographic areas are influencing the growth of the deep brain stimulation systems market?
North America was the largest region in the deep brain stimulation systems market in 2024. 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.
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