Jersey City, New Jersey, April 08, 2021 (GLOBE NEWSWIRE) — Verified Market Research recently published a report, “Deep Brain Stimulation Devices Market” By Product Type (Single-channel Deep Brain Stimulator, and Dual-channel Deep Brain Stimulator), By Application (Parkinson’s Disease, Essential Tremor, Dystonia, Epilepsy, and Others), and by Geography. According to Verified Market Research, the Global Deep Brain Stimulation Devices Market was valued at USD 1.06 Billion in 2020 and is projected to reach USD 2.10 Billion by 2028, growing at a CAGR of 8.93 % from 2021 to 2028.
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Global Deep Brain Stimulation Devices Market Overview
Frequent approval and Launch of novel devices is expected to fuel the global deep brain stimulation devices market growth. Key players in the market are focused on approval and launch of novel DBS devices to expand their product portfolio, which is expected to boost the market growth. For instance, in January 2019, Boston Scientific Corporation launched two new DBS devices namely the Vercise Primary Cell (PC) and Vercise Gevia Deep Brain Stimulation (DBS) systems. In June 2015, the U.S. Food and Drug Administration (FDA) approved St. Jude Medical’s Brio Neurostimulation System, a DBS device that helps to reduce symptoms of Parkinson’s disease (PD) and essential tremor. The launch and approval of such novel devices are expected to significantly support the global deep brain stimulation devices market growth over the forecast period.
Furthermore, key players in the market are focused on launching upgraded versions of their already approved DBS devices in the market. For instance, in August 2018, Abbott Laboratories received the U.S. Food and Drug Administration (FDA) approval for an over-the-air software upgrade for all currently implanted Infinity DBS systems that deliver magnetic resonance (MR)-conditional labeling. Approval and launch of such upgraded DBS devices are expected to create a conducive environment for market growth over the forecast period.
The major players in the market are Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, NeuroPace Inc., Renishaw Plc, Beijing PINS Medical Co. Ltd.
Verified Market Research has segmented the Global Deep Brain Stimulation Devices Market On the basis of Product Type, Application, and Geography.
- Deep Brain Stimulation Devices Market by Product Type
- Single-channel Deep Brain Stimulator
- Dual-channel Deep Brain Stimulator
- Deep Brain Stimulation Devices Market by Application
- Parkinson’s Disease
- Essential Tremor
- Deep Brain Stimulation Devices Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
- North America
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