According to a market report by Lucintel, the future of the deep brain stimulation device market looks promising with opportunities in hospitals, ambulatory surgical centers, and neurological clinics. The deep brain stimulation device market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are growing geriatric population, and increasing prevalence of neurological diseases, such as Alzheimer’s disease, brain injuries, epilepsy, Parkinson’s disease (PD), strokes, peripheral neuropathy, and paralysis.
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In this market, single-channel deep brain stimulator and dual-channel deep brain stimulator are the major device types. Dual-channel deep brain stimulator is the largest product segment.
Pain management, epilepsy, essential tremor, obsessive compulsive disorder (OCD), depression, dystonia, and Parkinson’s disease are the major applications of the deep brain stimulation device market.
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North America will remain the largest market over the forecast period due to rising prevalence of movement and psychiatric disorders coupled with increasing geriatric population in the region.
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St. Jude Medical, Boston Scientific Corporation, and Medtronic are among the major manufacturers in the deep brain stimulation device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the deep brain stimulation device market by application, device, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Deep Brain Stimulation Device Market 2019-2024: Trends, Forecast, and Opportunity Analysis“. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the deep brain stimulation device market by application, device, end use industry, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
- Pain Management
- Essential Tremor
- Obsessive Compulsive Disorder (OCD)
- Parkinson’s Disease
By Device [$M shipment analysis for 2013 – 2024]:
- Single Channel Deep Brain Stimulator
- Dual Channel Deep Brain Stimulator
By End Use Industry [$M shipment analysis for 2013 – 2024]:
- Neurological Clinics
- Ambulatory Surgical Centers
- Other End Users
By Region [$M shipment analysis for 2013 – 2024]:
- North America
- United States
- United Kingdom
- Asia Pacific
- Rest of the World
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/deep-brain-stimulation-device-market.aspx or firstname.lastname@example.org.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the deep brain stimulation device market by application (pain management, epilepsy, essential tremor, obsessive compulsive disorder (OCD), depression, dystonia, and Parkinson’s disease), device (single channel deep brain stimulator and dual channel deep brain stimulator), end use industry (hospitals, neurological clinics, and ambulatory surgical centers) , and region (North America, Europe, Asia Pacific, and Rest of the World).
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the deep brain stimulation device market?
Q.5 What are the business risks and threats to the deep brain stimulation device market?
Q.6 What are emerging trends in this deep brain stimulation device market and the reasons behind them?
Q.7 What are some changing demands of customers in the deep brain stimulation device market?
Q.8 What are the new developments in the deep brain stimulation device market? Which companies are leading these developments?
Q.9 Who are the major players in this deep brain stimulation device market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this deep brain stimulation device market area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, deep brain stimulation device market?
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