Deep Brain Stimulation Devices Market Overview

The report is titled as ‘Deep Brain Stimulation Devices Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the deep brain stimulation devices market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Deep brain stimulation devices market is expected to grow at a significant rate in the near future.

The global deep brain stimulation devices market in 2020 is estimated for more than US$ 894.9 Mn and expected to reach a value of US$ 1,489.4 Mn by 2028 with a significant CAGR of 6.6%.

Deep Brain Stimulation Devices Market Definition

Parkinson’s disease is a type of movement ailment that is more common in elderly people and affects the ability to perform a voluntary action in daily life. It has various symptoms and is further divided into the motor and non-motor symptoms in the human body.

Furthermore, the most common disorder is the presence of tremors in the body resulting in shaking and uncontrolled movements along with the stiffness and rigidity of the muscles. The person suffering from the disease may have trouble with posture, balance, and coordination with common problems such as constipation, anxiety, sleeping problems, and depression.

PD is different from other movement disorders as it affects specifically a brain site known as substantia nigra that consists of dark neurons that secretes dopamine that is a type of neurotransmitter that controls body movement.

Deep brain stimulation is a technique that stimulates the neurotransmitters in the brain and helps in comfortable body movement. Deep brain stimulation is a procedure used in neurological science in which a neurostimulator is implanted in the body that sends electrical impulses, through implanted electrodes.

Deep Brain Stimulation Devices Market Dynamics

The rise in prevalence of Parkinson’s disease is expected to be one of the major factors to support the rise in traction for the deep brain stimulation devices market.

Furthermore, the rise in the geriatric population globally is projected to underpin the growth in the deep brain stimulation devices market over the forecast period.

The global deep brain stimulation devices market is expected to increase at a significant CAGR over the forecast period owing to the increasing prevalence of neurological disorders, geriatric population, and increase awareness and healthcare conditions globally.

Increasing expenditure in the healthcare industry to build better medical devices for such diseases is also one of the major factors, which is expected to increase the demand for deep brain stimulation devices market globally over the forecast period.

Deep Brain Stimulation Devices Market Key Players

Deep brain stimulation devices market is mainly dominated by

St. Jude Medical

Medtronic Inc.

Boston Scientific

Deep Brain Stimulation Devices Market Segmentation

The global deep brain stimulation market is segmented on the basis of product type, therapeutic application, drug type, distribution channel and region

On the basis of product type, the global deep brain stimulation devices market can be segmented into single channel deep brain stimulator, multiple channel deep brain stimulator.

On the basis of application, the global deep brain stimulation devices market can be segmented into Parkinson’s disease, essential tremor, chronic pain, dystonia, & Tourette syndrome.

On the basis of end-user, the global deep brain stimulation devices market can be segmented into hospitals, ambulatory surgical centers, and neurological clinics.

The increase in the adoption of deep brain stimulation devices by various healthcare professionals may enhance the demand for the deep brain stimulation product.

Product Type

Single Channel Deep Brain Stimulator

Multi-Channel Deep Brain Stimulator

By Application

Parkinson's Disease

Essential Tremor

Dystonia

Others

By End-User

Hospitals

Ambulatory Surgical Centers

Neurological Clinics

Deep Brain Stimulation Devices Market Regional Overview & Analysis

On the basis of region, the global deep brain stimulation devices market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America deep brain stimulation devices market is expected to be the most dominating market throughout the forecast period. Availability of key players and increasing healthcare expenditure in the region are some of the revenue-boosting factors.

MMC Overview on Angio Suites Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Deep Brain Stimulation Devices Market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Deep Brain Stimulation Devices

•    Advantage of Deep Brain Stimulation Devices

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decision.

A mix of the top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.

1.    Global Deep Brain Stimulation Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Deep Brain Stimulation Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Deep Brain Stimulation Market Snapshot

2.4.    Global Deep Brain Stimulation Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Deep Brain Stimulation Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Deep Brain Stimulation Market, By Product Type

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Product Type

3.1.2.    BPS Analysis, By Product Type

3.2.    Market Revenue (US$Mn) Forecast, By Product Type

3.2.1.    Single Channel Deep Brain Stimulator

3.2.2.    Multi-Channel Deep Brain Stimulator

3.3.    Global Deep Brain Stimulation Market Attractiveness Index, By Product Type

4.    Global Deep Brain Stimulation Market, By Application

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Application

4.1.2.    BPS Analysis, By Application

4.2.    Market Revenue (US$Mn) Forecast, By Application

4.2.1.    Parkinson's Disease

4.2.2.    Essential Tremor

4.2.3.    Dystonia

4.2.4.    Others

4.3.     Global Deep Brain Stimulation Market Attractiveness Index, By Application

5.    Global Deep Brain Stimulation Market, By End User

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By End User

5.1.2.    BPS Analysis, By End User

5.2.    Market Revenue (US$Mn) Forecast, By End User

5.2.1.    Hospitals

5.2.2.    Ambulatory Surgical Centers

5.2.3.    Neurological Clinics

5.3.     Global Deep Brain Stimulation Market Attractiveness Index, By End User

6.    Global Deep Brain Stimulation Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East

6.2.6.    Africa

6.3.    Global Deep Brain Stimulation Market Attractiveness Index, By Region

7.    North America Deep Brain Stimulation Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) Forecast, By Country

7.2.1.    U.S. Deep Brain Stimulation Market

7.2.2.    Canada Deep Brain Stimulation Market

7.3.    North America Deep Brain Stimulation Market, By Product Type

7.3.1.    Single Channel Deep Brain Stimulator

7.3.2.    Multi-Channel Deep Brain Stimulator

7.4.    North America Deep Brain Stimulation Market, By Application

7.4.1.    Parkinson's Disease

7.4.2.    Essential Tremor

7.4.3.    Dystonia

7.4.4.    Others

7.5.    North America Deep Brain Stimulation Market, By End User

7.5.1.    Hospitals

7.5.2.    Ambulatory Surgical Centers

7.5.3.    Neurological Clinics

7.6.    North America Deep Brain Stimulation Market Attractiveness Index

7.6.1.    By Country

7.6.2.    By Product Type

7.6.3.    By Application

7.6.4.    By End User

8.    Latin America Deep Brain Stimulation Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    Brazil Deep Brain Stimulation Market

8.2.2.    Mexico Deep Brain Stimulation Market

8.2.3.    Argentina Deep Brain Stimulation Market

8.2.4.    Rest of Latin America Deep Brain Stimulation Market

8.3.    Latin America Deep Brain Stimulation Market, By Product Type

8.3.1.    Single Channel Deep Brain Stimulator

8.3.2.    Multi-Channel Deep Brain Stimulator

8.4.    Latin America Deep Brain Stimulation Market, By Application

8.4.1.    Parkinson's Disease

8.4.2.    Essential Tremor

8.4.3.    Dystonia

8.4.4.    Others

8.5.    Latin America Deep Brain Stimulation Market, By End User

8.5.1.    Hospitals

8.5.2.    Ambulatory Surgical Centers

8.5.3.    Neurological Clinics

8.6.    Latin America Deep Brain Stimulation Market Attractiveness Index

8.6.1.    By Country

8.6.2.    By Product Type

8.6.3.    By Application

8.6.4.    By End User

9.    Europe Deep Brain Stimulation Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    U.K. Deep Brain Stimulation Market

9.2.2.    Germany Deep Brain Stimulation Market

9.2.3.    Italy Deep Brain Stimulation Market

9.2.4.    France Deep Brain Stimulation Market

9.2.5.    Spain Deep Brain Stimulation Market

9.2.6.    Russia Deep Brain Stimulation Market

9.2.7.    Poland Deep Brain Stimulation Market

9.2.8.    BENELUX Deep Brain Stimulation Market

9.2.9.    NORDIC Deep Brain Stimulation Market

9.2.10.    Rest of Europe Deep Brain Stimulation Market

9.3.    Europe Deep Brain Stimulation Market, By Product Type

9.3.1.    Single Channel Deep Brain Stimulator

9.3.2.    Multi-Channel Deep Brain Stimulator

9.4.    Europe Deep Brain Stimulation Market, By Application

9.4.1.    Parkinson's Disease

9.4.2.    Essential Tremor

9.4.3.    Dystonia

9.4.4.    Others

9.5.    Europe Deep Brain Stimulation Market, By End User

9.5.1.    Hospitals

9.5.2.    Ambulatory Surgical Centers

9.5.3.    Neurological Clinics

9.6.    Europe Deep Brain Stimulation Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Product Type

9.6.3.    By Application

9.6.4.    By End User

10.    Asia Pacific Deep Brain Stimulation Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    China Deep Brain Stimulation Market

10.2.2.    India Deep Brain Stimulation Market

10.2.3.    Japan Deep Brain Stimulation Market

10.2.4.    Australia and New Zealand Deep Brain Stimulation Market

10.2.5.    South Korea Deep Brain Stimulation Market

10.2.6.    ASEAN Deep Brain Stimulation Market

10.2.7.    Rest of Asia Pacific Deep Brain Stimulation Market

10.3.    Asia Pacific Deep Brain Stimulation Market, By Product Type

10.3.1.    Single Channel Deep Brain Stimulator

10.3.2.    Multi-Channel Deep Brain Stimulator

10.4.    Asia Pacific Deep Brain Stimulation Market, By Application

10.4.1.    Parkinson's Disease

10.4.2.    Essential Tremor

10.4.3.    Dystonia

10.4.4.    Others

10.5.    Asia Pacific Deep Brain Stimulation Market, By End User

10.5.1.    Hospitals

10.5.2.    Ambulatory Surgical Centers

10.5.3.    Neurological Clinics

10.6.    Asia Pacific Deep Brain Stimulation Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Product Type

10.6.3.    By Application

10.6.4.    By End User

11.    Middle East Deep Brain Stimulation Market, By Region, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    GCC Countries Deep Brain Stimulation Market

11.2.2.    Israel Deep Brain Stimulation Market

11.2.3.    Oman Deep Brain Stimulation Market

11.2.4.    Rest of Middle East Deep Brain Stimulation Market

11.3.    Middle East Deep Brain Stimulation Market, By Product Type

11.3.1.    Single Channel Deep Brain Stimulator

11.3.2.    Multi-Channel Deep Brain Stimulator

11.4.    Middle East Deep Brain Stimulation Market, By Application

11.4.1.    Parkinson's Disease

11.4.2.    Essential Tremor

11.4.3.    Dystonia

11.4.4.    Others

11.5.    Middle East Deep Brain Stimulation Market, By End User

11.5.1.    Hospitals

11.5.2.    Ambulatory Surgical Centers

11.5.3.    Neurological Clinics

11.6.    Middle East Deep Brain Stimulation Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Product Type

11.6.3.    By Application

11.6.4.    By End User

12.    Africa Deep Brain Stimulation Market, By Region, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    South Africa Deep Brain Stimulation Market

12.2.2.    Egypt Deep Brain Stimulation Market

12.2.3.    North Africa Deep Brain Stimulation Market

12.2.4.    Rest of Africa Deep Brain Stimulation Market

12.3.    Africa Deep Brain Stimulation Market, By Product Type

12.3.1.    Single Channel Deep Brain Stimulator

12.3.2.    Multi-Channel Deep Brain Stimulator

12.4.    Africa Deep Brain Stimulation Market, By Application

12.4.1.    Parkinson's Disease

12.4.2.    Essential Tremor

12.4.3.    Dystonia

12.4.4.    Others

12.5.    Africa Deep Brain Stimulation Market, By End User

12.5.1.    Hospitals

12.5.2.    Ambulatory Surgical Centers

12.5.3.    Neurological Clinics

12.6.    Africa Deep Brain Stimulation Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Product Type

12.6.3.    By Application

12.6.4.    By End User

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    St. Jude Medical

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Product Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Medtronic

14.3.3.    Boston Scientific

14.3.4.    Cyberonics, Inc. 

14.3.5.    Nevro Corporation 

14.3.6.    Neurosigma, Inc. 

14.3.7.    Neuropace, Inc. 

14.3.8.    Biocontrol Medical 

14.3.9.    Synapse Biomedical, Inc. 

14.3.10.    Neuronetics, Inc.

15.    Acronyms