From GlobeNewswire: 2024-06-21 16:00:00

The Global Deep Brain Stimulation Devices Market is set to grow from USD 1.30 Billion in 2023 to USD 3.44 Billion by 2033, with a CAGR of 10.22%. Deep brain stimulation (DBS) uses implants to send electrical currents to the brain to treat neurological disorders. The market is expanding due to increased prevalence of these disorders and advancements in DBS technology.

The dual-channel segment is expected to dominate the deep brain stimulation devices market, offering more precise and personalized stimulation for neurological diseases. Parkinson’s disease is projected to hold the largest market share due to its severity and high prevalence. Hospitals are expected to lead in market revenue, as they offer cutting-edge facilities and immediate medical treatment for DBS surgeries.

North America is anticipated to lead the global market for deep brain stimulation devices due to a surge in healthcare research and development. Major industry players in the US will drive market expansion with product approvals and technological advancements. Asia Pacific is expected to grow rapidly in this market due to heightened R&D operations and increased prevalence of neurological disorders.

Major vendors in the Global Deep Brain Stimulation Devices Market include Abbott, Medtronic, and Boston Scientific Corporation. Recent developments include Medtronic’s FDA approval for its Percept RC DBS device. The market is segmented based on product type (single-channel, dual-channel), application (Parkinson’s disease, epilepsy, dystonia, essential tremor), and end user (hospitals, neurology clinics, ambulatory surgical centers).

In January 2024, Medtronic received FDA approval for its Percept RC deep brain stimulation (DBS) device, which treats movement disorders such as Parkinson’s disease, essential tremor, dystonia, and epilepsy. Market SegmentThis study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the deep brain stimulation devices market based on the below-mentioned segments: Global Deep Brain Stimulation Devices Market, By Product Single-channelDual-channel Global Deep Brain Stimulation Devices Market, By Application Parkinson’s DiseaseEpilepsyDystoniaEssential Tremor Global Deep Brain Stimulation Devices Market, By End User HospitalsNeurology ClinicsAmbulatory Surgical CentersResearch Centers



Read more at GlobeNewswire: Global Deep Brain Stimulation Devices Market Size To Worth