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Deep Brain Stimulation (DBS) Systems Market Demand, Size, Share, Trends, Technology, Industry Analysis, Insights, Applications, Product, Outlook and Forecasts 2027

The study methodologies used to examine the Deep Brain Stimulation (DBS) Systems market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

 

Vancouver, BC -- (SBWIRE) -- 02/08/2021 -- Deep brain stimulation (DBS) systems are devices that send electrical signals to the brain areas responsible for movements. Technological advancements in deep brain stimulation (DBS) systems, along with rising demand for wireless rechargeable systems and painless, are expected to drive the market growth. The global deep brain stimulation (DBS) systems market is expected to attain a valuation of USD 2,122.8 million by the year 2027, growing at a CAGR of 8.1%.

Dual channel deep brain stimulation systems segment accounted for the largest market share of around 57.8% in the products outlook, owing use of advanced technology and safety features attributed by the product

Obsessive compulsive disorder (OCD) registered highest CAGR of 8.1% in the applications outlook closely followed by depression due to growing prevalence of stress and anxiety disorders among people worldwide

North American region dominated the deep brain stimulation systems market with a market share of 37.4% in 2019, owing to increase in occurrence of depression episodes, along with favourable compensation policies and potential technological progressions in the deep brain stimulation systems

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Key market companies studied and profiled for this research include Abbott, Medtronic, Aleva Neurotherapeutics, NeuroPace, Cyberonics, Boston Scientific Corporation and Fisher Wallace among other companies.

The research takes a closer look at prominent factors driving the growth rate of the prominent product categories across major geography. Furthermore, the study covers a lot of the sales, gross margin, consumption capacity, spending power and customer preference across various countries. The report offers clear indications how the Deep Brain Stimulation (DBS) Systems market is expected to witness numerous exciting opportunities in the years to come. Critical aspects including the growing requirement, demand and supply status, customer preference, distribution channels and others are presented through resources such as charts, tables, and
infographics.

Deep Brain Stimulation (DBS) Systems Market Drivers
The market is projected to exhibit a significant growth of demand during the forecast period, owing to the growing incidences of Parkinson's disease, dystonia, and multiple sclerosis. Moreover, the surging demand for painless and minimally invasive surgeries will further boost market demand during the forecast period. The wireless rechargeable system of the devices makes it extremely convenient, leading to significant growth in the demand for deep brain stimulation (DBS) systems.

Deep Brain Stimulation (DBS) Systems Market Regional Analysis
North America is expected to dominate the global market during the forecast period, in terms of revenue, due to the growing prevalence of depression and neurological disorders, favorable reimbursements, and expanding product approvals from the U.S. FDA. The Asia Pacific region is expected to show considerable growth due to the growing incidences of Parkinson's disease, OCD, epilepsy, and depression. Furthermore, developing countries like India, China, and Indonesia, have greater growth opportunities during the forecast period, owing to the growing investments and high patient pool.

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Deep Brain Stimulation (DBS) Systems Market Product Outlook (Revenue in Million USD; 2017–2027)
Dual Channel
Single Channel

Deep Brain Stimulation (DBS) Systems Market Application Outlook (Revenue in Million USD; 2017–2027)
Fluid Replacement
Parkinson's Disease
Pain Management
Obsessive-Compulsive Disorder (OCD)
Epilepsy
Essential Tremor
Depression
Dystonia
Other

Deep Brain Stimulation (DBS) Systems Market End Use Outlook (Revenue in Million USD; 2017–2027)
Hospitals
Ambulatory Care Centre
Neurology Centers
Other

Significant driving forces shaping the future of the Deep Brain Stimulation (DBS) Systems market for the forecast period 2020 - 2027 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry's growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.

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Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Deep Brain Stimulation (DBS) Systems market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Deep Brain Stimulation (DBS) Systems market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Deep Brain Stimulation (DBS) Systems market growth worldwide?

Deep Brain Stimulation (DBS) Systems Market Report Objectives
Examine the size of the global Deep Brain Stimulation (DBS) Systems market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Deep Brain Stimulation (DBS) Systems market.
Explore the underlying dynamics of the global Deep Brain Stimulation (DBS) Systems market.
Highlight significant trends of the global Deep Brain Stimulation (DBS) Systems market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Deep Brain Stimulation (DBS) Systems market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Deep Brain Stimulation (DBS) Systems market.
Forecast the market size and share of all segments and regions in the global landscape.

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Table of Content
Chapter 1. Methodology & Sources
1.1. Deep Brain Stimulation (DBS) Systems Market Definition
1.2. Deep Brain Stimulation (DBS) Systems Market Research Scope
1.3. Deep Brain Stimulation (DBS) Systems Market Methodology
1.4. Deep Brain Stimulation (DBS) Systems Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Deep Brain Stimulation (DBS) Systems Market Segmentation & Impact Analysis
Chapter 5. Deep Brain Stimulation (DBS) Systems Market By Technique Type Insights & Trends, Revenue (USD Million)
Chapter 6. Deep Brain Stimulation (DBS) Systems Market By Technology Insights & Trends Revenue (USD Million)
Chapter 7. Deep Brain Stimulation (DBS) Systems Market By Application Insights & Trends, Revenue (USD Million)
Chapter 8. Deep Brain Stimulation (DBS) Systems Market Regional Outlook
Chapter 9. Competitive Landscape
Continued…