Global Deep Brain Stimulation Market 2016-2020

  • Published: Apr 2016
  • Pages: 61
  • SKU: IRTNTR8784
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This market research study presents a detailed segmentation of the global deep brain stimulation market by application (PD, dystonia, OCD, and epilepsy) and by geography (the Americas, APAC, and EMEA). The leading vendors identified in this market are Boston Scientific, Medtronic, and St. Jude Medical.

Overview of the deep brain stimulation (DBS) market

According to the deep brain stimulation industry analysis, Technavio’s market research analysts have predicted the global deep brain stimulation (DBS) market to grow at an impressive CAGR of more than 10% over the forecast period. Increasing prevalence of neurological disorders is one of the critical factors driving the deep brain stimulation market growth. With more than 450 million people worldwide affected by neurological disorders, such as Alzheimer disease, brain injuries, epilepsy, Parkinson’s disease (PD), strokes, peripheral neuropathy, and paralysis, the market for DBS has a positive outlook in the coming years. For instance, PD is a progressive neurological disorder that affects the central nervous system resulting in muscle stiffness and slow movement. Although PD cannot be cured completely with medicines, DBS is preferred as it can be used to improve motor symptoms. Moreover, in cases of neurological injuries that lead to paralysis or disability, DBS can be used to restore movement, reduce tremor and dyskinesia, and improve the quality of life. Furthermore, DBS also helps in improving bladder control, restoring hand grasp, and improving walking in patients. Therefore, the increasing number of neurological disorders will bolster the growth of this market in the coming years.

In this industry research report, the analysts have estimated factors such as the emergence of hybrid neuroprosthetic devices will contribute to the growth of the DBS market until the end of 2020. Manufacturers are increasingly focussing on combining neuroprosthetic technologies with pharmacological and electrical neuromodulation therapies for the brain, brainstem, and spinal cord to improve the recovery of motor functions. This device is known as a hybrid neuroprosthetic device which includes a catheter implanted in the brain tissue and a subcutaneously placed drug reservoir, which can be periodically refilled. A micro-computer is fixed closer to these components, which analyzes the electrophysical data and controls the reservoir. This combination of two technologies can result in much efficient and effective treatment of neurological disease, thereby impelling this market’s growth over the predicted period.

Segmentation by application and analysis of the DBS market

  • PD
  • Epilepsy
  • Dystonia
  • OCD

During 2015, PD dominated the global DBS market and accounted for more than 76% of the market share. DBS system is implanted in patients whose PD symptoms like tremor, rigidity, and stiffness cannot be treated with the help of medicines. In such cases, MRI scanning is done to identify the diseased area in the brain so the physicians can implant the electrodes that stimulate the motor neuron. According to the Parkinson's Disease Foundation, close to 10 million people have PD around the world which is expected to drive this market until the end of 2020.

Geographical segmentation and analysis of the DBS market

  • Americas
  • APAC
  • EMEA

The Americas dominated the market and accounted for more than 65% of the market share during 2015. Factors such as the presence of leading vendors in the US helps them focus and market their products in the region. Also, surgeons and hospitals in the country are more adaptable to reforms in the healthcare industry which will propel this market’s growth prospects in the Americas.

Competitive landscape and key vendors

The global DBS market is highly consolidated with three vendors holding most of the market share. Competition among vendors has spurred the increase in the number of PD cases worldwide. The vendors in this market are focussing on advanced technologies, increasing product portfolio, and regulatory approval to compete in the market and gain maximum deep brain stimulation market shares.

Key vendors in this market are 

  • Medtronic
  • Boston Scientific
  • St. Jude’s Medical

Other prominent vendors in the market include Adaptive Neuromodulation, Aleva Neurotherapeutics, Beijing Pins Medical, NeuroPace, and NeuroSigma.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global DBS market?
  • What are the key market trends impacting the growth of the global DBS market?
  • What are the challenges to market growth for anesthesia resuscitators?
  • Who are the key vendors in the global DBS market?
  • What are the market opportunities and threats faced by the vendors in the global DBS market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global DBS market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Approved indications for DBS therapy
  • History of DBS

PART 05: Potential applications of DBS

PART 06: Cost of DBS system components and implantation

PART 07: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 08: Market segmentation by application

  • PD
  • Dystonia
  • OCD
  • Epilepsy

PART 09: Geographical segmentation

  • DBS market in Americas
  • DBS market in EMEA
  • DBS market in APAC

PART 10: Market drivers

  • Increase in prevalence of neurological disorders
  • Availability of funds and grants for R&D
  • Increased number of market approvals

PART 11: Impact of drivers

PART 12: Market challenges

  • High cost of DBS therapy
  • Complications related to DBS
  • High maintenance and low battery lifetime

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Hybrid neuroprosthetic devices
  • Next-generation therapies for nervous system disorders
  • Emergence of clinician programmer

PART 15: Vendor landscape

  • Competitive scenario
  • Market share analysis

PART 16: Key vendor analysis

  • Boston Scientific
  • Medtronic
  • St. Jude Medical
  • Other prominent vendors

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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