According to the World Health Organization, neurological diseases account for 6.3 percent of the Asia-Pacific disease burden and are one of the top causes of mortality, accounting for 13.2 percent of deaths in high-income countries and 16.8 percent in low- and middle-income countries. The high mortality and sickness load increase clinical urgency for long-term treatments such as deep brain stimulators. Furthermore, as the public becomes increasingly aware of the enormous burden of neurological disease, there is a greater demand for deep brain stimulators as an alternative therapy. This is projected to propel market expansion throughout the forecast period. Deep brain stimulators are being driven by the increasing occurrence of neurological disorders such as Parkinson's disease, essential tremors, dystonia, and epilepsy.
Data Bridge Market Research analyses that the Asia-Pacific Deep Brain Stimulation Systems Market which was USD 1.22 billion in 2021, would rocket up to USD 6.95 billion by 2029, and is expected to undergo a CAGR of 24.3% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Deep brain stimulation is a surgical procedure in which an electrical device is implanted in the brain. Electrical signals are sent from the gadget to the areas of the brain that govern movement. These devices are used to treat a variety of neurological diseases, including epilepsy, dystonia, Parkinson's disease, essential tremor, and obsessive-compulsive disorder.
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Competitive Landscape and Deep Brain Stimulation Systems Market Share Analysis
The deep brain stimulation systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the deep brain stimulation systems market.
Some of the major players operating in the deep brain stimulation systems market are:
- Boston Scientific Corporation (US)
- Fisher Wallace (US)
- SceneRay Corporation, Limited (China)
- Beijing PINS Medical Co., Ltd (China)
- ALEVA NEUROTHERAPEUTICS SA (Switzerland)
- MEDTRONIC (Ireland)
- Abbott (US)
- Deep Brain Innovations, LLC (US)
- St. Jude Children's Research Hospital (US)
- Stanford Health Care (US)
- NeuroPace Inc. (US)
- Renishaw plc. (US)
- Functional Neuromodulation Ltd. (Canada)
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Deep Brain Stimulation Systems Market Regional Analysis/Insights
The deep brain stimulation systems market is analysed and market size insights and trends are provided by country, product, type, application and end-user as referenced above.
The countries covered in the deep brain stimulation systems market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
North America dominates the deep brain stimulation systems market because of the rise in the number of PD patients coupled with increasing government funding and initiatives within the region.
Asia-Pacific (APAC) is expected to witness substantial growth during the forecast period of 2022 to 2029 due to the increase in occurrence of neuro degenerative disorders in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The deep brain stimulation systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for deep brain stimulation systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the deep brain stimulation systems market. The data is available for historic periods 2010-2020.
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Global Home Beer Brewing Machine Market Report Answers the Following Questions:
- What are the current market trends in the Asia-Pacific Deep Brain Stimulation Systems Market?
- How has the increasing adoption of technology in the industry impacted the growth of the Asia-Pacific Deep Brain Stimulation Systems Market?
- What are the major drivers and restraints of the Asia-Pacific Deep Brain Stimulation Systems Market?
- How is the Asia-Pacific Deep Brain Stimulation Systems Market segmented?
- What are the major players in the Asia-Pacific Deep Brain Stimulation Systems Market and what is their market share?
- How has the COVID-19 pandemic affected the Asia-Pacific Deep Brain Stimulation Systems Market?
- What is the market size and forecast of the Asia-Pacific Deep Brain Stimulation Systems Market?
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