The global deep brain stimulation devices market size is predicted to reach USD XX billion by 2027, expanding at a CAGR of X% over the forecast period. Deep brain stimulation is a device-based technique that includes implanting electrodes that generate electrochemical stimulation in specific parts of the brain. A pacemaker-like mechanism implanted in the upper chest regulates the production of stimulation.
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As the overall prevalence of neurological illnesses grows, healthcare systems throughout the world are stepping up their efforts to introduce and incorporate innovative treatment approaches and modalities that will help mitigate the disease’s ever-increasing toll. Improved microelectrode technologies, multi-target stimulation, integrated implantable pulse generators, robot-assisted insertion, and personalized directed programming are projected to propel the market forward. Parkinson’s disease now holds the largest market share in terms of revenue and turnover among the various approved applications of deep brain stimulation devices. Parkinson’s is a widespread neurological disease with few possible treatments, and the medications that are accessible are frequently given for the rest of one’s life. DBS is being used to target multiple parts of the brain, and the therapy is being studied in diverse Parkinson’s disease populations. Clinical results have improved as a result of several improvements in the current platforms. Nonetheless, these new advancements in DBS technologies are enticing a huge patient population as well as healthcare practitioners.
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North America is expected to hold the largest market share in the Deep Brain Stimulation devices market with a share of XX% in the up-coming years. Moreover, from 2021 to 2028, Asia Pacific is predicted to substantially lead the market for deep brain stimulation devices. This is due to an increase in the occurrence of neurodegenerative diseases, as well as an unfulfilled demand for efficient and long-term treatments. The market for deep brain stimulation devices in this area is projected to be driven by increasing prevalence about neurological dysfunction treatment choices and advancements in the clinical development structure of emerging countries.
Some of the major key players in the deep brain stimulation devices market are Medtronic Plc (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.), Aleva Neurotherapeutics SA (Switzerland), Soterix Medical Inc. (U.S.), Bioinduction Ltd. (UK), and St. Jude Medical Inc. (U.S.).
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