Deep Brain Stimulation Devices Market was valued at USD
4.5 billion in 2012 and is expected to grow at a CAGR of 11.0% from 2013 to
2019, to reach an estimated value of USD 9.4 billion in 2019.
Browse Global Deep Brain Stimulation Devices Market Report with Full TOC at http://www.transparencymarketresearch.com/deep-brain-stimulator-market.html
Rising number of neurological disorders such ischemic
stroke, Alzheimer's disease, essential tremors, trauma and especially
Parkinsonism are primary factors responsible for the growth of deep brain
stimulation devices market. Parkinson's disease is the second most common
chronic and progressive neurodegenerative disorder characterized by postural
instability, bradykinesia, akinesia and tremors due to loss of dopamine
producing neurons in substantia nigra of mid-brain.
In addition, rise in geriatric population along with
augmented demand for minimally invasive surgical techniques have boosted the
overall growth of this market. Moreover, increase in preference of patients and
healthcare professionals to adopt surgical DBS devices over drug therapy owing
to its significantside effects and lack of effectiveness is further expected to
drive the market in coming years.
According to the Parkinson's DiseaseFoundation (PDF),
it has been estimated that approximately 10 million people worldwide and one
million Americans are living with Parkinson's disease. Among these, in U.S. approximately
60,000 people are diagnosed with Parkinson's disease each year. There are
different treatment options available for Parkinson's disease that include drug
therapy, surgical therapy, physical therapy and stem cell therapy. However, DBS
surgical therapy is mostly preferred in advanced stages of the disease while in
early stages chemotherapy is used.
The global deep brain stimulation devices market is
segmented geographically into North America, Europe, Asia-Pacific and Latin
America. Among these, North America accounts for the largest market share of
deep brain stimulation devices market and is valued to be more than USD
2billion in 2012 owing to rise in number of patients who are adopting surgical
therapy for Parkinson's disease and rise in geriatric population. In addition,
favorable government reimbursement policies and growing side effects from
medication treatment are further expected toboost the growth of the market in
this region. The market for North America is followed by Europe, Latin America
and Asia-Pacific. Contributing factors for the lowest market share of deep
brain stimulation devices in Asia-Pacific include lack of favorable government
insurance policies and high cost for surgical treatment.
The major players of this market include Medtronic,
Inc., St. Jude Medical, Inc. and Boston Scientific Corporation. Other companies
active in this market include Sapiens Neuro, Aleva Neurotherapeutics SA, ANM
Adaptive Neuromodulation GmbH, Synaptix, Neurosigma, Inc. and Neurospace. The
DBS products of these "Other" players are not yet commercially
available in the market since they are still under clinical trials. Companies
are heavily focusing on introducing innovative products that are easy to use
for physicians as well as patients. These companies are also aiming to make
them more portable.
The globaldeep brain stimulation devices market for
Parkinson's disease is segmented as follows:
Deep Brain Stimulation Devices Market, By Geography
- North America
- U.S.
- Canada
- Europe
- Asia-Pacific
- Latin America
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