According to a market report by Lucintel, the future of the deep brain stimulation device market looks promising with opportunities in hospitals, ambulatory surgical centers, and neurological clinics. The deep brain stimulation device market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are growing geriatric population, and increasing prevalence of neurological diseases, such as Alzheimer’s disease, brain injuries, epilepsy, Parkinson’s disease (PD), strokes, peripheral neuropathy, and paralysis.
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In this market, single-channel deep brain stimulator and dual-channel deep brain stimulator are the major device types. Dual-channel deep brain stimulator is the largest product segment.
Pain management, epilepsy, essential tremor, obsessive compulsive disorder (OCD), depression, dystonia, and Parkinson’s disease are the major applications of the deep brain stimulation device market.
North America will remain the largest market over the forecast period due to rising prevalence of movement and psychiatric disorders coupled with increasing geriatric population in the region.
St. Jude Medical, Boston Scientific Corporation, and Medtronic are among the major manufacturers in the deep brain stimulation device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the deep brain stimulation device market by application, device, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Deep Brain Stimulation Device Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the deep brain stimulation device market by application, device, end use industry, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
Pain Management
Epilepsy
Essential Tremor
Obsessive Compulsive Disorder (OCD)
Depression
Dystonia
Parkinson’s Disease
Others
By Device [$M shipment analysis for 2013 – 2024]:
Single Channel Deep Brain Stimulator
Dual Channel Deep Brain Stimulator
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Hospitals
Neurological Clinics
Ambulatory Surgical Centers
Other End Users
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Spain
Italy
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/deep-brain-stimulation-device-market.aspx or helpdesk@lucintel.com.
About Lucintel
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