SAN FRANCISCO, May 8, 2018 /PRNewswire/ --
Global Deep Brain Stimulators Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Deep brain stimulator comes across as a medical device called neurostimulator or brain pacemaker, which sends electrical impulses through implanted electrodes to the specific targets in the brain for the treatment of movement and neuropsychiatric disorders. The treatment pertains to patients suffering from Parkinson's disease, Dystonia, and the other forms of tremors.
The factors playing a major role in the growth of Deep Brain Stimulators Market are rising occurrence of Parkinson's disease, and deep brain stimulation has lesser complications than thalamotomy and pallidotomy. In addition, this electrical injection is adjustable and changed according to person's response and disease. On the other hand, the risk of infection, allergic reaction to the DMS parts restrains the market growth on the whole.
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Deep Brain Stimulators Market is segmented based on product type, application, end user, and region. Product types such as Dual Channel Deep Brain Stimulator and Single Channel Deep Brain Stimulator classify Deep Brain Stimulators Market. Applications into Parkinson's disease, Pain Management, Dystonia, Epilepsy, Depression, Essential Tremor, Obsessive Compulsive Disorder (OCD), and others classify Deep Brain Stimulators Market.
"Parkinson's disease" segment accounts for the largest share of Deep Brain Stimulators Market and is estimated to grow at the highest CAGR over the period of time; the reason being, deep brain stimulators are used for treating Parkinson's disease as it helps in keeping track of short-lived symptom variations in disease development and are more effective than the other oral treatment choices; followed by "Obsessive Compulsive Disorder (OCD)" and "Dystonia" segment.
End users such as Neurological Clinics, Hospitals, Ambulatory Surgical Centers, and others classify Deep Brain Stimulators Market. Deep Brain Stimulators Market is segmented, geographically into America (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, the North American market accounts for the largest share of Deep Brain Stimulators Market in terms of revenue and is expected to lead the overall market over the period of time; the reason being, developed healthcare infrastructure and promising compensation policies. In addition, approval of pending commercialization by U.S. FDA for the use of DBS in the treatment of Epilepsy is further estimated to fortify the user base in this region. Europe and Asia Pacific follow suit.
On the other hand, Asia Pacific is estimated to grow at the fastest pace in the years to come. This could be attributed to the rising patient awareness and increasing disposable income and healthcare expenditure in the developing countries such as China and India. The key players of Deep Brain Stimulators Market are Medtronic Plc., Aleva Neurotherapeutics SA, St. Jude Medical, and Boston Scientific Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Production, means the output of Deep Brain Stimulators
Revenue, means the sales value of Deep Brain Stimulators
This report studies Deep Brain Stimulators in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering
- Boston Scientific
- St. Jude Medical
- Aleva Neurotherapeutics
- Adaptive Neuromodulation
- Cerene Biomedics
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Deep Brain Stimulators in these regions, from 2011 to 2021 (forecast), like
- North America
- Southeast Asia
Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into
- Type I
- Type II
- Type III
Split by application, this report focuses on consumption, market share and growth rate of Deep Brain Stimulators in each application, can be divided into
- Application 1
- Application 2
- Application 3
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