Global Deep Brain Stimulation Devices Market 2018-2022

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The global deep brain stimulation devices market is expected to expand at a CAGR of more than 12% during the forecast period

Deep brain stimulation devices market growth is expected to accelerate over the next five years, driven by countries across the globe. The Americas will drive almost 61% of the growth of deep brain stimulation device manufacturers, while APAC and EMEA are also forecasted to make significant contributions to the incremental growth in the forecast period. The Americas held the largest market share in 2017, followed by EMEA and APAC. In addition, the Americas are poised to maintain their dominant position in the global deep brain stimulation devices market at the end of the forecast period, while APAC will witness a higher rate of growth than EMEA in the same period. Technavio’s deep brain stimulation devices market analysis reveals promising markets around the world.

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Increasing cases of neurological disorders coupled with a growing aging population are driving the demand for deep brain stimulation devices

The prevalence of neurological diseases is increasing due to the rapidly growing geriatric population as aging increases the risk of clinical onset which is likely to augment the growth of the deep brain stimulation devices market during the period of forecast. According to the National Institute of Health (NIH), around 8.5% of the global population were aged 65 years and above. Many neurological disorders such as PD, ET, dystonia is common among the geriatric population which is another factor that is going to contribute to the growth of the deep brain stimulation devices market in the next five years.

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Abbott, Beijing Pins, and Boston Scientific are among the leading deep brain stimulation devices manufacturers in the world

Most of the leading vendors in the global deep brain stimulation devices market are focused on the invention of new targets for deep brain stimulation. As of 2017, more than a million people were estimated to be affected by PD and it is expected to double by 2050 due to the rapidly growing aging population in the region. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this deep brain stimulation devices market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several deep brain stimulation device companies, including:

• Abbott
• Beijing Pins
• Boston Scientific
• Medtronic
• SceneRay

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