The Global Deep Brain Stimulation Market was valued at US$ 720.9 Million in 2016, according to a new report by published by Coherent Market Insights. Increasing Parkinson’s disease prevalence rate along with product innovation is expected to boost overall demand for deep brain stimulation systems across the globe in the near future.
Deep brain stimulation market has gained traction owing to technological advancements and high prevalence rate of Parkinson’s disease and dystonia disease. Most of the device sales are concentrated in developed regions namely North America and Europe. Emergence of deep brain stimulation market has revolutionized the overall treatment approach to mental health care. These devices are can improve motor functions by 70% in Parkinson’s patients.
To know the latest trends and insights prevalent in this market, click the link below:
The economic impact of mental illness is long lasting. As per Coherent Market Insights, there are over 7 million people suffering from Parkinson’s disease as of 2015, with around 1.7 million and 60,000 cases diagnosed each year in China and the U.S., respectively. Over half of the deep brain stimulation market share is currently captured by the U.S. Industry players are expected to establish their footprint in emerging markets by creating awareness among patients and healthcare providers. This would help them expand their business presence and generate high return on investment (ROI). Some of the ongoing clinical research suggests deep brain stimulators to be highly effective in treatment approach towards Alzheimer patients. Positive FDA nod for Alzheimer treatment could further commercialize the deep brain stimulation market size. Many more players are expected to enter the market in near future.
Key takeaways of the market are:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.