The global deep brain stimulation devices market size is anticipated to reach USD 2.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.3% from 2021 to 2028. Surge in incidence of neurological disorders, growing awareness about the deep brain stimulation devices and introduction of technologically advanced products is attributing to the growth of market.
The incidence of neurological disorders such as Parkinson’s disease, epilepsy, and depression is increasing globally, which is anticipated to positively impact the market growth. For instance, according to Depression and Bipolar Support Alliance, around 17.3 million adults in the U.S. are suffering from major depressive disorder. Thus, large number of people suffering from such conditions and disorders is expected to boost market growth during the forecast period.
Potential benefits of Deep Brain Stimulation (DBS) devices such as long-term benefits and better postoperative outcomes, are anticipated to fuel the market growth. Additionally, these advancements help clinical researchers in investigational efficacy studies for the inclusion of DBS devices in the treatment of other neurological disorders. Such factors are expected to raise the demand for DBS devices over the forecast period.
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Deep Brain Stimulation Devices Market Report Highlights
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Deep Brain Stimulation Devices Market Segmentation
Grand View Research has segmented the global Deep Brain Stimulation devices market on the basis of product, application, end use, and region:
Deep Brain Stimulation Devices Product Outlook (Revenue, USD Million, 2016 – 2028)
Deep Brain Stimulation Devices Application Outlook (Revenue, USD Million, 2016 – 2028)
Deep Brain Stimulation Devices End-use (Revenue, USD Million, 2016 – 2028)
Deep Brain Stimulation Devices Regional Outlook (Revenue, USD Million, 2016 – 2028)
List of Key Players of Deep Brain Stimulation Devices Market
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