What is Global Deep Brain Stimulation (DBS) Devices Market?
The Global Deep Brain Stimulation (DBS) Devices Market is a rapidly evolving sector that focuses on the development and distribution of DBS devices. These devices are used in neurosurgical procedures to treat various neurological conditions such as Parkinson's disease, dystonia, and essential tremor. The market is driven by the increasing prevalence of neurological disorders, advancements in technology, and the growing geriatric population. The DBS devices market is a global entity, with key players spread across various regions, contributing to the growth and development of the market. The devices are designed to stimulate specific areas in the brain using electrical impulses, which can help manage symptoms of neurological disorders. The market is segmented based on the type of device, application, and region.
Single-channel DBS, Dual Channel DBS in the Global Deep Brain Stimulation (DBS) Devices Market:
The Global Deep Brain Stimulation (DBS) Devices Market is segmented into Single-channel DBS and Dual Channel DBS. Single-channel DBS devices are the most widely used due to their efficiency and reliability. They are designed to deliver electrical impulses to one specific area of the brain, which can help manage symptoms of neurological disorders such as Parkinson's disease and essential tremor. On the other hand, Dual Channel DBS devices are designed to stimulate two different areas of the brain simultaneously. This can be particularly beneficial for patients with more complex neurological conditions, as it allows for more precise control over the electrical impulses. Both types of devices play a crucial role in the market, contributing to its growth and development.
Parkinson’s disease, Essential Tremor, Dystonia, Others in the Global Deep Brain Stimulation (DBS) Devices Market:
The Global Deep Brain Stimulation (DBS) Devices Market finds its application in various areas such as Parkinson’s disease, Essential Tremor, Dystonia, and others. Parkinson's disease is a progressive nervous system disorder that affects movement, and DBS devices can help manage its symptoms by stimulating specific areas in the brain. Essential tremor is another neurological condition where these devices can be used. It is a nerve disorder characterized by uncontrollable shaking in different parts and on different sides of the body. Dystonia, a movement disorder in which a person's muscles contract uncontrollably, can also be managed using DBS devices. The versatility of these devices in treating various neurological conditions contributes to the growth of the market.
Global Deep Brain Stimulation (DBS) Devices Market Outlook:
Looking at the market outlook, the Global Deep Brain Stimulation (DBS) Devices Market was valued at US$ 1100 million in 2023. It is projected to reach a value of US$ 1406.6 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2024 to 2030. The market is dominated by the top two manufacturers who hold over 80% of the market share. In terms of product segmentation, Single-channel DBS is the largest segment, holding a share of over 55%.
| Report Metric | Details |
| Report Name | Deep Brain Stimulation (DBS) Devices Market |
| Accounted market size in 2023 | US$ 1100 million |
| Forecasted market size in 2030 | US$ 1406.6 million |
| CAGR | 3.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Medtronic, Boston Scientific, Abbott, Beijing Pins, SceneRay |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
