DUBLIN--(BUSINESS WIRE)--The "Global Deep Brain Stimulation Market: Analysis by Product, Application, End Use, Region Size, Trends and Forecast up to 2029" report has been added to ResearchAndMarkets.com's offering.

The global deep brain stimulation market value stood at US$1.31 billion in 2023 and is expected to reach US$2.56 billion by 2029. The market is expected to grow at a CAGR of 11.89% over the projected period of 2024-2029.

The continuous growth of the global deep brain stimulation (DBS) market can be attributed to several key factors driving its adoption and expansion. An increasing prevalence of conditions like Parkinson's disease, essential tremor, and epilepsy, coupled with rising awareness among patients and healthcare providers about the benefits of DBS, has expanded its patient pool. According to WHO, a major study released by The Lancet Neurology shows that, in 2021, more than 3 billion people worldwide were living with a neurological condition. Further, ongoing research and clinical trials exploring new applications of DBS in psychiatric disorders such as depression and obsessive-compulsive disorder are opening up new avenues for growth. Moreover, improvements in DBS device design, including smaller and more durable implants, contribute to better patient outcomes and reduced complications, further driving market expansion. Supportive regulatory frameworks and reimbursement policies in key markets facilitate greater accessibility to DBS treatments, fostering market growth globally.

Market Segmentation Analysis

By Product: The dual channel segment of the global deep brain stimulation (DBS) market holds the highest share and is expected to be the fastest growing, due to its ability to offer enhanced therapeutic benefits through precise and customizable stimulation patterns across multiple brain regions. This capability is crucial for effectively managing complex neurological disorders like Parkinson's disease and essential tremor. Technological advancements in dual channel DBS systems, including improved implants and programming software, further bolster their attractiveness to healthcare providers seeking optimal treatment outcomes for their patients.

By Application: The Parkinson's disease segment dominates the market due to its established efficacy in alleviating motor symptoms such as tremors, rigidity, and bradykinesia. The treatment's success in improving patients' quality of life and reducing medication dependency has driven its widespread adoption. On the other hand, epilepsy is expected to be the fastest-growing segment in the forecasted period due to several factors, such as increasing prevalence of drug-resistant epilepsy cases globally, advancements in neuroimaging techniques facilitating better patient selection for DBS, and ongoing development of closed-loop DBS systems that can detect and respond to seizure activity in real-time.

By End Use: Hospitals held the highest share in the market and is expected to be the fastest-growing segment in the forecasted period. Hospitals are equipped with specialized infrastructure and resources required for performing complex neurosurgical procedures like DBS, facilitated by advanced operating rooms and highly trained neurology and neurosurgery teams. They serve as central hubs for treating complex neurological conditions such as Parkinson's disease and essential tremor, where DBS is a pivotal treatment option. Furthermore, hospitals provide comprehensive care through integrated multidisciplinary teams, ensuring patients receive thorough evaluation, precise surgical intervention, and ongoing management.

By Region: North America is the largest region of the deep brain stimulation market and presents a promising landscape due to its advanced healthcare infrastructure, significant investments in medical research, and a large patient population affected by neurological disorders. The region's strong focus on technological innovation has led to the development of DBS devices with enhanced efficacy and safety profiles, such as improved targeting capabilities and longer battery life. Additionally, favorable regulatory frameworks and robust reimbursement policies support widespread adoption of DBS therapies. These factors collectively create a conducive environment for the growth of the DBS market in North America, making it a leader in both innovation and treatment outcomes for neurological and movement disorders.

Asia Pacific stands out as the fastest-growing region in the deep brain stimulation sector due to aging population, urbanization, and increasing disposable income. An aging population contribute to a rising prevalence of neurological disorders such as Parkinson's disease and essential tremor, driving demand for advanced treatment options like DBS. Secondly, improving healthcare infrastructure and increasing healthcare expenditure are expanding access to specialized neurological care, including DBS therapies. Thirdly, growing awareness among healthcare providers and patients about the efficacy of DBS in managing neurological conditions is accelerating adoption rates. Additionally, ongoing technological advancements and investments in research and development are fostering innovation in DBS technologies, further propelling market growth in the Asia Pacific region.

Global Deep Brain Stimulation Market Dynamics

Growth Drivers

• Increase in the Global Geriatric Population
• Growing Healthcare Expenditure
• Increasing Prevalence of Neurological Disorders
• Expanding Indications for DBS
• Increasing Demand for Minimally Invasive Surgery
• Growing Awareness and Acceptance
• Regulatory Approvals and Funding

Challenges

• High Cost of Treatment
• Risks Associated with Deep Brain Stimulation
• Presence of Alternative Procedures

Market Trends

• Telemedicine: Remote Programming
• Automated Deep Brain Stimulation
• Closed-Loop Deep Brain Stimulation
• Rechargeable Devices with Longer Battery Life
• Tapping Into Emerging Markets
• Miniaturized DBS Devices

Competitive Landscape and Recent Developments

The global market is dominated by few of the key companies owing to their strong product portfolio, and key strategic decisions. These include a group of 3 key companies with wider geographic presence and persistent R&D, resulting in a strong product portfolio. The market is highly consolidated in nature, with three major players operating in the market i.e. Boston Scientific Corp., Medtronic and Abbott.

The key players in the global deep brain stimulation market are:

• Abbott
• Medtronic
• Boston Scientific
• Renishaw
• Zimmer Biomet
• Aleva Neurotherapeutics
• Newronika
• SceneRay Co. Ltd.

Some of the strategies among key players in the market are new launch, mergers, acquisitions, and collaborations. In July 2023, Boston Scientific Corp. made an announcement regarding the FDA approval of its Vercise Neural Navigator 5 Software. This software, when integrated with the Vercise Genus DBS systems, is poised to provide clinicians with essential data for optimizing treatment for individuals living with Parkinson's disease or essential tremor. Also, in September 2022, Aleva Neurotherapeutics received CE-mark approval for its magnetic resonance imaging (MRI) labelling for the directSTIM DBS system, allowing the technology to be used in a full-body MRI environment across Europe.

Key Attributes:

Key Topics Covered:

1. Executive Summary

2. Introduction

2.1 Deep Brain Stimulation Overview

2.2 Deep Brain Stimulation Segmentation

3. Global Market Analysis

3.1 Global Deep Brain Stimulation Market Analysis

3.2 Global Deep Brain Stimulation Market Product Analysis

3.3 Global Deep Brain Stimulation Market Application Analysis

3.4 Global Deep Brain Stimulation Market End Use Analysis

4. Regional Market Analysis

4.1 North America Deep Brain Stimulation Market Analysis

4.2 Europe Deep Brain Stimulation Market Analysis

4.3 Asia Pacific Deep Brain Stimulation Market Analysis

4.4 Rest of the World Deep Brain Stimulation Market Analysis

5. Impact of COVID-19

6. Market Dynamics

6.1 Growth Drivers

6.2 Challenges

6.3 Market Trends

7. Competitive Landscape

7.1 Global Deep Brain Stimulation Market: Competitive Landscape

7.2 Global Deep Brain Stimulation Market Players: Product Comparison

8. Company Profiles

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