Deep Brain Stimulation (DBS) Systems Market Worth USD 2,122.8 Million By 2027 | Emergen Research

Deep Brain Stimulation (DBS) Systems Market Worth USD 2,122.8 Million By 2027 | Emergen Research

PR Newswire

VANCOUVER, B.C., Sept. 15, 2020

- Deep Brain Stimulation Systems Market Size – USD 1,227.5 Million in 2019, DBS Systems Market Growth – CAGR of 8.1%, DBS Devices Market Trends– Rising prevalence of Obsessive Compulsive Disorder (OCD), potential investment opportunities and favorable reimbursement scenario is expected to fuel the market in the forecast period

- Technological advancements in Deep Brain Stimulation (DBS) Systems, prevalence of Parkinson's disease, dystonia and epilepsy, together with rising demand for painless and wireless rechargeable systems are expected to fuel the market growth

VANCOUVER, B.C., Sept. 15, 2020 /PRNewswire/ -- The global Deep Brain Stimulation (DBS) Systems Market was valued at USD 1227.5 million in 2019 and is expected to reach USD 2,122.8 million by 2027, growing at a CAGR of 8.1% according to a new report by Emergen Research. In general, geriatric population suffers from unconscious movements of the body leading to Parkinson's disease, multiple sclerosis and dystonia. In the United States, more than 60,000 people are diagnosed with Parkinson's disease each year, with approximately 10 million people presently living with Parkinson's disease globally. High prevalence of such diseases among elderly coupled with rising geriatric population are fuelling up the demand for the deep brain stimulation systems worldwide. In addition, increasing incidences associated with depression, essential tremor and obsessive compulsive disorder (OCD) are further multiplying the demand of deep brain stimulation systems in the industry.

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Minimally invasive surgical techniques play a considerable role in treating neurological symptoms like tremors, movement control and rigidity among other symptoms leading to Parkinson's disease and dystonia. The systems directed in deep brain stimulation safeguards minimal damage to the surrounding brain tissues. Technologically advanced implanted systems have an ability to get recharged wirelessly without further surgical activities. Furthermore, epilepsy is currently affecting more than 50 million people across the world accounting for a substantial proportion of the entire world's disease burden. Side effects linked with the surgery and associated drugs, high cost of treatment along with high cost of deep brain stimulation systems might restrict the industry growth in the forecast period.

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Key Highlights from the Report

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Emergen Research have segmented Deep Brain Stimulation (DBS) Systems Market on the basis of product, application, end use and region:

Product Outlook (Revenue in Million USD; 2017–2027)

Application Outlook (Revenue in Million USD; 2017–2027)

End Use Outlook (Revenue in Million USD; 2017–2027)

Regional Outlook (Revenue in Million USD; 2017–2027)

o  US.

Canada

Germany

o  UK

France

Spain

Italy

o  Rest of the Europe

China

India

Japan

South Korea

o  Rest of Asia-Pacific

Brazil

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