The Global Deep Brain Stimulation (DBS) Systems Market is predicted to reach a market valuation of USD 2,122.8 million by 2027, expanding at a CAGR of 8.1% according to a recent report by Emergen Research. A large proportion of the geriatric population suffers from involuntary movements of the body, caused due to Parkinson’s disease (PD), dystonia, and multiple sclerosis. In the U.S., nearly 60,000 people are diagnosed with PD annually, and approximately 10 million people live with PD across the globe. High prevalence of neurological and movement disorders in the elderly population, coupled with their escalating number, is driving the demand for deep brain stimulation systems, thereby driving the market demand. Additionally, increasing incidences of depression, essential tremors, and OCD are further adding traction to market growth.
Minimally-invasive surgeries play a pivotal role in the treatment of neurological symptoms like tremors, loss of movement control, and rigidity, among other symptoms leading to PD and dystonia. DBS systems incorporated in the brain ensures minimal damage is caused to the surrounding healthy brain tissues while treating the neurological symptoms. Technologically upgraded implanted DBS systems can be recharged wireless without needing further surgeries. However, side effects associated with surgical intervention and drugs and high costs of the procedures and treatment are expected to impede the market growth.
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Top Companies in Deep Brain Stimulation Systems Market are:
Medtronic, Abbott, NeuroPace, Cyberonics, Fisher Wallace, Aleva Neurotherapeutics, and Boston Scientific Corporation, among others.
Deep Brain Stimulation Systems Market Drivers During Forecast Period:
By Product Outlook Segment:
Dual Channel DBS systems sub-segment accounted for a substantial share of the industry, occupying a 57.8% share. The growth can be accredited to the increasing use of advanced technology and enhanced safety attributes, such as painless management and wireless recharge capability, to reduce tremors linked with Parkinson’s disease.
By Regional Outlook Segment:
North America led the industry with a sizeable market share in the DBS systems market attributable to the rising incidences of depression disorders, fast-paced product approvals from FDA, and favorable reimbursement policies.
Key Highlights from the Report:
- Rising occurrences of involuntary body movements, predominantly in the geriatric population across the globe, has boosted the growth of the Parkinson’s disease application sub-segment. The sub-segment is anticipated to dominate market growth, occupying a share of approximately 39.7% of the global market.
- By the end of 2020, nearly 930,000 people are expected to be diagnosed with PD in the United States. This, in turn, bolstering the demand for deep brain stimulation systems equipped with advanced features that minimize occurrences of tremors associated with PD.
- Escalating patient pool suffering from PD, dystonia, epilepsy, and depression, among other neurological conditions in countries, such as India and China, are boosting the market growth in the APAC region. The APAC region reported the highest CAGR of 9% in 2019 and is expected to exhibit lucrative growth in the coming period.
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For the purpose of this report, Emergen Research has segmented the Global Deep Brain Stimulation (DBS) Systems Market on the basis of product, application, end-user, and region:
Product Outlook (Revenue, USD Million; 2017–2027)
- Single Channel
Application Outlook (Revenue, USD Million; 2017–2027)
- Parkinson’s disease
- Fluid Replacement
- Obsessive-Compulsive Disorder (OCD)
- Pain Management
- Essential Tremor
End-Use Outlook (Revenue, USD Million; 2017–2027)
- Ambulatory Care Centre
- Neurology Centers
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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