Market Overview

Global Deep Brain Stimulation Devices Market 2018-2022 | Growing Applications of DBS to Boost Demand | Technavio

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Technavio
analysts forecast the global deep brain stimulation devices market to
grow at a CAGR of over 12% during the forecast period, according
to their latest market research report.

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Technavio has published a new market research report on the deep brain stimulation devices display m ...

Technavio has published a new market research report on the deep brain stimulation devices display market from 2018-2022. (Graphic: Business Wire)

The growing applications of DBS are one of the major trends being
witnessed in the global
deep brain stimulation devices market 2018-2022
. DBS was
initially developed for the treatment of pain and later used to treat
movement disorders. However, the adoption of DBS was drastically
increased after identifying it as a potential therapy for the treatment
of central nervous system (CNS) circuit disorders.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global deep brain stimulation devices market is the
increasing prevalence of neurological diseases couple with growing
geriatric population:

Global deep brain stimulation devices market:
Increasing prevalence of neurological diseases couple with growing
geriatric population

The prevalence of neurological diseases is increasing due to the rapidly
growing geriatric population as aging increases the risk of clinical
onset and progression of neurological diseases. The geriatric population
is increasing due to the rise in average life expectancy.

According to a senior analyst at Technavio for research on the central
nervous system, "As per National Institute of Health, in 2015,
approximately 8.5% of the global population or 617 million people were
aged 65 years and above. This number is expected to increase to 17% by
2050. Many neurological diseases such as PD, ET, dystonia, epilepsy,
Alzheimer's disease, epilepsy, dementia, and movement disorders are
common among the aging population. As per NIH most people develop the
disease at the age of 60 years and about 5%-10% of people with PD have
early onset disease before the age of 50 years"

Global deep brain stimulation devices market:
Segmentation analysis

The global deep brain stimulation devices market research report
provides market segmentation by the application (PD, ET, dystonia, and
others), by end-user (hospitals, ASCs, and specialty neurological
centers and research organizations), and by region (the Americas, EMEA,
and APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the two major applications, the PD segment held the largest market
share in 2017, contributing to over 73% of the market. This application
segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting
for close to 65% share. It was followed by EMEA and APAC respectively.
Although APAC held the smallest share of the market, it is expected to
witness the maximum increase in its market share over the forecast
period.

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  • Regional comparison
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Market Drivers

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  • Vendors covered
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  • Market positioning of vendors
  • Competitive scenario

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