Advancements in DBS Devices | Market Trends & Competitive Landscape
Deep Brain Stimulation Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):– https://datamintelligence.com/download-sample/deep-brain-stimulation-market?an
The global Deep Brain Stimulation Market reached US$ 800.12 million in 2023 and is expected to reach US$ 1,585.24 million by 2031 growing with a CAGR of 9.1% during the forecast period 2024-2031.
Definition 1 paragraph
List of the Key Players in the Deep Brain Stimulation Market:
Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Aleva Neurotherapeutics, NeuroPace, Inc., SceneRay Co., Ltd., PINS Medical, Renishaw plc., BrainsWay Ltd., inomed Medizintechnik GmbH and among others.
Industry Development:
In April 2024, Medtronic India introduced the NeuroSmart™ Portable Micro Electrode Recording (MER) Navigation System for Deep Brain Stimulation (DBS) in Parkinson’s disease treatment. Developed by Alpha Omega Engineering, this advanced system enhances neurophysiological navigation, ensuring precise electrode placement and real-time neural activity recording. Featuring HaGuide automatic navigation, it optimizes target localization, maximizing symptom relief for patients.
In August 2024, Medtronic plc became the first and only company to receive U.S. FDA approval for Asleep Deep Brain Stimulation (DBS) surgery, allowing patients with Parkinson’s disease and essential tremors to undergo DBS under general anesthesia instead of traditional awake procedures.
In September 2024, Abbott launched a pivotal clinical trial to evaluate its Deep Brain Stimulation (DBS) therapy for treatment-resistant depression. Abbott has previously gained approvals for brain neuromodulation systems targeting movement disorders like Parkinson’s disease and essential tremor, as well as spinal cord implants designed to manage chronic pain. These DBS devices deliver small electrical pulses to stimulate brain tissue, functioning similarly to a pacemaker.
Growth Forecast Projected:
The Global Deep Brain Stimulation Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Deep Brain Stimulation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/deep-brain-stimulation-market
Segment Covered in the Deep Brain Stimulation Market:
By Product Type: Single-Channel Systems, Dual-Channel Systems
By Battery Type: Rechargeable Systems, Non-Rechargeable Systems
By Stimulation Type: Constant Current Devices, Voltage-Controlled Devices
By Application: Movement Disorders, Parkinson's Disease, Dystonia, Essential Tremor, Others, Psychiatric Disorders, Obsessive-Compulsive Disorder (OCD), Depression, Others, Epilepsy, Chronic Pain, Alzheimer's Disease, Tourette Syndrome, Others
By End-User: Hospitals and Clinics, Neurological Centers, Ambulatory Surgical Centers, Others
Regional Analysis for Deep Brain Stimulation Market:
The regional analysis of the Deep Brain Stimulation Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Speak to Our Senior Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/deep-brain-stimulation-market
People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Deep Brain Stimulation market?
➠ Who are the leading manufacturers in the global Deep Brain Stimulation industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Deep Brain Stimulation industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Deep Brain Stimulation market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian