Rising count of patients suffering from neurological, treatment resistive disorders across the world is driving the market growth majorly. Stressed work environment and busier lifestyle leading to stress-induced depression are again fueling the market growth. Also, the shift in preference of medical professionals towards noninvasive techniques for treating patients is likely to boost market growth in the forecasting period. In addition to this, rising adoption of non-invasive treatment among the population is further pushing the market growth uphill.
The latest report by Value Market Research expects the Global Deep Brain Stimulator Market was valued USD 750 million in 2017 and is likely to reach at USD 1500 million by 2024 with CAGR of 9%.
DUAL CHANNEL DOMINATED THE TYPE SEGMENT
In 2017, dual channel led the segment and has accounted for over XXX% of the total market share. Use of dual channel to impart bilateral stimulation is the prime factor driving the segment growth.
BY APPLICATION, PARKINSON’S DISEASE HELD LARGEST MARKET SHARE
Parkinson’s disease dominated the application segment by accounting over maximum market share in 2017. High medication cost associated with traditional cure techniques coupled with lesser availability of alternative, effective treatment for curing Parkinson’s disease is driving the segment growth.
HOSPITALS EMERGED AS THE LEADING END-USER SEGMENT
Hospitals dominated the end-user segment and has accounted for over 2/3rd of the total market share. The rising prevalence of neurological, treatment resistive disorders such as Parkinson’s disease, essential tremor, dystonia, epilepsy, obsessive-compulsive disorder (OCD) and others are driving the segment growth.
EUROPE LED THE REGIONAL MARKET
Regionally, Europe dominated the market and has accounted for over XXX% of the total market share in 2017. Owing to approval by European Union for use of deep brain stimulation therapy for Parkinson’s disease and refractory epilepsy is driving the regional market growth.
KEY PLAYERS OF THE MARKET
St. Jude Medical, Inc., Boston Scientific Corporation, and Medtronic PLC, Inc. are the prominent players ruling the deep brain stimulator market.
As per this study the Global Deep Brain Stimulator Market was valued USD XXX MN (by revenue) in 2019 and is anticipated to reach USD X,XXX.X MN by 2026 with a CAGR of X.X%.
Deep brain stimulation refers to a neurosurgical procedure involving implantation of small stimulator device to generate electric impulses and treat movement and neuropsychiatric disorders. Basically, the stimulator stimulates the electric impulse through implanted electrode, which is used for regulation of entire brain activity. It is useful procedure in case on Parkinson’s disease, dystonia, epilepsy, obsessive-compulsive disorder and many others.
Rising cases of Parkinson’s disease and stress-induced depression are the factors driving market growth. High demand for effective procedure to treat neurological disorder is further boosting the market growth. Rising adoption of minimally invasive and noninvasive treatment owing to various benefits is further fueling the deep brain stimulator market. Rising adoption on noninvasive treatment over drug therapy by medical professionals owing to minimum side effects is likely to upsurge the market growth in forecasting period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of deep brain stimulator.
The broad deep brain stimulator market has been sub-grouped into type, application, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Deep Brain Stimulator Market
2.2. Global Deep Brain Stimulator Market Snapshot
3 . DEEP BRAIN STIMULATOR – INDUSTRY ANALYSIS
3.2. Market Drivers of Deep Brain Stimulator Market
3.3. Market Restraints of Deep Brain Stimulator Market
3.4. Opportunities of Deep Brain Stimulator Market
3.5. Trends of Deep Brain Stimulator Market
3.6. Porter’s Five Force Analysis of Deep Brain Stimulator Market
3.7. Deep Brain Stimulator Market Attractiveness Analysis
3.7.1 Market Attractive Analysis by Type
3.7.2 Market Attractive Analysis by Application
3.7.3 Market Attractive Analysis by End-User
3.7.4 Market Attractive Analysis by Region
4 . VALUE CHAIN ANALYSIS
4.1. Deep Brain Stimulator Value Chain Analysis
4.2. Deep Brain Stimulator Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Deep Brain Stimulator Raw Material Manufactures List
4.2.3. Price Trend of Deep Brain Stimulator Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL DEEP BRAIN STIMULATOR MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Global Deep Brain Stimulator Market Analysis by Type
5.3 Market Analysis of Single Channel by Regions
5.4 Market Analysis of Dual Channel by Regions
6 . GLOBAL DEEP BRAIN STIMULATOR MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Global Deep Brain Stimulator Market Analysis by Application
6.3 Market Analysis of Pain Management by Regions
6.4 Market Analysis of Epilepsy by Regions
6.5 Market Analysis of Essential Tremor by Regions
6.6 Market Analysis of Obsessive Compulsive Disorder (OCD) by Regions
6.7 Market Analysis of Depression by Regions
6.8 Market Analysis of Dystonia by Regions
6.9 Market Analysis of Parkinson’s Disease by Regions
7 . GLOBAL DEEP BRAIN STIMULATOR MARKET ANALYSIS BY END-USER
7.1 Overview by End-User
7.2 Global Deep Brain Stimulator Market Analysis by End-User
7.3 Market Analysis of Hospitals by Regions
7.4 Market Analysis of Ambulatory Surgical Centers by Regions
7.5 Market Analysis of Neurological Clinics by Regions
8 . GLOBAL DEEP BRAIN STIMULATOR MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.3. North America
8.3.2. North America Deep Brain Stimulator Market Estimate by Country
8.3.3. United State
8.3.4. Rest of North America
8.4.2. Europe Deep Brain Stimulator Market Estimate by Market Segment
8.4.3. Europe Deep Brain Stimulator Market Estimate by Country
8.4.4. United Kingdom
8.4.7 Rest of Europe
8.5. Asia Pacific
8.5.2. Asia Pacific Deep Brain Stimulator Market Estimate by Market Segment
8.5.3. Asia Pacific Deep Brain Stimulator Market Estimate by Country
8.5.7. Rest of Asia Pacific
8.6. Latin America
8.6.2. Latin America Deep Brain Stimulator Market Estimate by Market Segment
8.6.3. Latin America Deep Brain Stimulator Market Estimate by Country
8.6.5. Rest of Latin America
8.7. Middle East & Africa
8.7.2. Middle East & Africa Deep Brain Stimulator Market Estimate by Market Segment
8.7.3. Middle East & Africa Deep Brain Stimulator Market Estimate by Country
8.7.4. Middle East
9 . COMPETITIVE LANDSCAPE OF THE DEEP BRAIN STIMULATOR COMPANIES
9.1. Deep Brain Stimulator Market Competition
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF DEEP BRAIN STIMULATOR INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. St. Jude Medical, Inc.
10.3.1. Company Overview
10.3.4. Recent Developments
10.4. Boston Scientific Corporation
10.4.1. Company Overview
10.4.4. Recent Developments
10.5. Medtronic PLC, Inc.
10.5.1. Company Overview
10.5.4. Recent Developments
*Note - In company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
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