Global Deep Brain Stimulation Devices Market was valued at USD 1.19 billion in 2020, growing at a CAGR of 10.39% during the forecast period from 2021 to 2026 to reach USD 2.15 billion by 2026.
The demand for deep brain stimulation devices is
witnessing growth owing to the growing prevalence of movement disorders such as
Parkinson’s disease, expansion of disease indications for DBS therapy, rising
geriatric population, and increasing research and development activities in
product development are expected to aid in the growing demand for DBS devices
leading to the growth of the DBS devices market during the forecast period.
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Deep Brain Stimulation Devices Market Dynamics:
The DBS devices market is witnessing an increase in market revenue owing to the rising prevalence of various movement disorders such as Parkinson’s disease, dystonia and tremors among others.
According to the data provided by the International Parkinson and Movement Disorder Society, it was estimated that in 2020, approximately 9.4 million of the global population was suffering from Parkinson’s disease. Parkinson’s disease is associated with a variety of clinical manifestations ranging from tremors and postural instability to rigidity in movement and lack of balance.
Deep brain stimulation has been reported to provide beneficial outcomes in the treatment of Parkinson’s disease, wherein targeted stimulation of neurons by DBS devices help in the alleviation of symptoms.
Therefore, the demand for DBS
devices is set to increase due to the rising number of Parkinson’s disease
patients, thereby projecting positive growth for the deep brain stimulation
devices market during the forecast period (2021-2026).
Read more for in-depth information about Deep Brain Stimulation Market Research
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