Deep Brain Stimulation Devices Market Size to Reach $2.8 Billion by 2026 with Rise in Prevalence of Neurological Disorders across the Globe.

2021-08-12

Surge in number of patients affected from neurological disorders drives the growth of the global deep brain stimulation devices market. Based on region, North America contributed the highest share in 2018, and will maintain its dominance throughout the forecast period. Deep Brain Stimulation Devices Market generated $881.9 million in 2018, and is estimated to reach $2.80 billion by 2026, registering a CAGR of 15.5% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in number of patients affected by neurological disorders and increase in neurological R&D activities drive the growth of the global deep brain stimulation devices market. However, side effects and risks related to deep brain stimulation hinders the market growth. Furthermore, implementation of deep brain stimulators for different applications is expected to present new opportunities for market players in near future. Request for Sample Report for More Insights@ Covid-19 scenario: Deep brain stimulation devices manufacturing companies have been affected to a larger extent due to disrupted supply chain during the Covid-19 outbreak. In addition, most hospitals have been postponing selected procedures and non-urgent clinic visits to conserve hospital resources to treat Covid-19 infected patients and avoid transmission. Due to this, the demand for deep brain stimulation devices has been declined. The report offers a detailed segmentation of the global deep brain stimulation devices market based on application, end-user, and region. Based on application, the dystonia segment contributed to the largest share in 2018, accounting for nearly one-sixth of the total share, and is estimated to maintain its dominant position during the forecast period. The research also analyzes segments including parkinson’s disease, essential tremor, epilepsy, obsessive compulsive disorder, and others. Based on end user, the neurological clinics segment is expected to register the highest CAGR of 15.2% from 2019 to 2026. The report also discusses segment such as hospitals, ambulatory surgical centers, and others. Based on region, North America contributed the highest share, accounting for nearly two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 19.2% from 2019 to 2026. Leading market players analyzed in the research include Aleva Neurotherapeutics SA, Abbott Laboratories, Functional Neuromodulation Ltd., Boston Scientific Corporation, Medtronic plc, Beijing PINS Medical Co., Ltd., Nevro Corporation, NeuroPace Inc., and Neuronetics Inc.. Key Market Segments: By Application:- Parkinson's Disease Epilepsy Essential Tremor Dystonia Obsessive Compulsive Disorder Others By End User:- Hospitals Ambulatory Surgical Centers Neurological Clinics Others By Region:- North America Europe Asia-Pacific Trending Reports of Healthcare: Tissue Ablation Market - Global Opportunity Analysis and Industry Forecast, 2019-2028 Ultrasonic Scalpel Market - Global Opportunity Analysis and Industry Forecast, 2019-2028 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch (dot) com

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