According to the World Health Organization, neurological illnesses account for 6.3 percent of disease burden and are one of the leading causes of death, accounting for 13.2% of fatalities in affluent nations and 16.8% in low- and middle-income countries. Clinical urgency for long-term remedies such as deep brain stimulators is created by high mortality and illness burden. Furthermore, as the public becomes more aware of the tremendous burden of neurological disease, demand for deep brain stimulators as an alternative therapy has increased. During the forecast period, this is expected to fuel market expansion. The growing prevalence of neurological illnesses such as Parkinson's disease, essential tremors, dystonia, and epilepsy is a major market driver for deep brain stimulators.
Data Bridge Market Research analyses that the Europe Deep Brain Stimulation Systems Market value is USD 0.88 billion in 2022, and is expected to reach USD 5.18 billion by 2030, at a CAGR of 24.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Deep brain stimulation is a surgical procedure in which an electrical device is implanted in the brain. Electrical signals are sent from the gadget to the areas of the brain that govern movement. These devices are used to treat a variety of neurological diseases, including epilepsy, dystonia, Parkinson's disease, essential tremor, and obsessive compulsive disorder.
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Deep Brain Stimulation Systems Market Regional Analysis/Insights
The deep brain stimulation systems market is analyzed and market size insights and trends are provided by country, product type, type, application and end-user as referenced above.
The countries covered in the deep brain stimulation systems market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany is growing with the highest market share because it is a developed country with a large number of deep brain stimulation system companies. Furthermore, technological advancements and specific applications related to deep brain stimulation systems have created new research opportunities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The deep brain stimulation systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for deep brain stimulation systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the deep brain stimulation systems market. The data is available for historic periods 2011-2021.
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Competitive Landscape and Deep Brain Stimulation Systems Market Share Analysis
The deep brain stimulation systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the deep brain stimulation systems market.
Some of the major players operating in the deep brain stimulation systems market are:
- Boston Scientific Corporation (U.S.)
- Fisher Wallace (U.S.)
- SceneRay Corporation, Limited (China)
- Beijing PINS Medical Co., Ltd (China)
- ALEVA NEUROTHERAPEUTICS SA (Switzerland)
- Medtronic (Ireland)
- Abbott (U.S.)
- Deep Brain Innovations, LLC (U.S.)
- St. Jude Children's Research Hospital (U.S.)
- Stanford Health Care (U.S.)
- NeuroPace Inc. (U.S.)
- Renishaw plc. (U.S.)
- Functional Neuromodulation Ltd. (Canada)
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Recent Developments
- In 2020, Medtronic's Percept PC neurostimulator received the CE mark. This Deep Brain Stimulation (DBS) device employs BrainSense technology. Patients suffering from neurologic diseases such as Parkinson's disease can benefit from the system's ability to detect and record brain signals while undergoing treatment.
- In 2020, Abbott Laboratories' Infinity Deep Brain Stimulation (DBS) device was approved by the US Food and Drug Administration (FDA). This system would be used to treat Parkinson's disease. By targeting a specific area of the brain known as the internal globus pallidus, the technology would be able to improve Parkinson's disease symptoms that are not controlled by medication.
Europe Deep Brain Stimulation Systems Market Report Answers the Following Questions:
- What are the key drivers of the Europe Deep Brain Stimulation Systems Market?
- How is the Europe Deep Brain Stimulation Systems Market segmented by product type?
- What is the current market size of the Europe Deep Brain Stimulation Systems Market?
- What is the projected growth rate of the Europe Deep Brain Stimulation Systems Market in the next five years?
- Who are the major players in the Europe Deep Brain Stimulation Systems Market and what is their market share?
- What are the major distribution channels for the Europe Deep Brain Stimulation Systems Market?
- What are the key trends in the Europe Deep Brain Stimulation Systems Market?
- How does the Europe Deep Brain Stimulation Systems Market differ from regional markets?
- How is the Europe Deep Brain Stimulation Systems Market affected by government regulations and policies?
- What are the current and future opportunities in the Europe Deep Brain Stimulation Systems Market?
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