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Deep Brain Stimulation Devices Market Size
- Report ID: GMI3921
- Published Date: Jul 2022
- Report Format: PDF
Deep Brain Stimulation Devices Market Size
Deep Brain Stimulation Devices Market size surpassed USD 1.1 billion in 2021 and is expected to witness 14.1% CAGR through 2022 to 2030, driven by the increasing demand for minimally invasive surgical procedures and rising geriatric population. As technology continues to progress, overall treatment efficacy will also continue to improve.
Deep brain stimulation devices are used to provide treatment for movement disorders associated with Parkinsons disease (PD), dystonia, essential tremor, and other neurological disorders. This technique is gaining popularity as an effective treatment modality, especially in conditions that cannot be treated with medications alone.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Deep Brain Stimulation Devices Market Size in 2021: | USD 1.2 Billion |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 14.1% |
| 2030 Value Projection: | USD 4.0 Billion |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 133 |
| Segments covered: | Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Deep brain stimulation technique has been approved by the U.S. FDA (Food and Drug Association) for treatment of Parkinsons disease (PD), obsessive-compulsive disorder, dystonia, and epilepsy, which enhances its overall industry demand. While the impact of COVID-19 has mostly been negative in several sectors, the market witnessed a moderately negative impact. Due to the increasing number of COVID-19 cases, lockdown and limited access to hospitals, and fewer patient visits, industry revenues have been impacted adversely.
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Deep Brain Stimulation Devices Market Scope
