According to the World Health Organization, neurological illnesses account for 6.3 percent of disease burden. They are one of the leading causes of death, accounting for 13.2% of fatalities in affluent nations and 16.8% in low and middle-income countries. Clinical urgency for long-term remedies such as deep brain stimulators is created by high mortality and illness burden. Furthermore, as the public becomes more aware of the tremendous burden of neurological disease, demand for deep brain stimulators as an alternative therapy has increased. During the forecast period, this is expected to fuel market expansion. The growing prevalence of neurological illnesses such as Parkinson's disease, essential tremors, dystonia, and epilepsy is a major market driver for deep brain stimulators.
Data Bridge Market Research analyses that the Middle East and Africa Deep Brain Stimulation Systems Market value is USD 0.88 billion in 2022, and is expected to reach USD 5.18 billion by 2030, at a CAGR of 24.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include 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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Deep Brain Stimulation Systems Market Regional Analysis/Insights
The deep brain stimulation systems market is analyzed and market size insights and trends are provided by country, product type, type, application and end-user as referenced above.
The countries covered in the deep brain stimulation systems market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Middle East and Africa in Middle East and Africa.
Germany is growing with the highest market share because it is a developed country with a large number of deep brain stimulation system companies. Furthermore, technological advancements and specific applications related to deep brain stimulation systems have created new research opportunities.
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, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global 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 2011-2021.
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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, global 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.
Middle East and Africa Deep Brain Stimulation Systems Market Scope
The deep brain stimulation systems market is segmented on the basis of type, product type, applications and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Some of the major players operating in the deep brain stimulation systems market are:
Boston Scientific Corporation (U.S.)
Fisher Wallace (U.S.)
SceneRay Corporation, Limited (China)
Beijing PINS Medical Co., Ltd (China)
ALEVA NEUROTHERAPEUTICS SA (Switzerland)
Medtronic (Ireland)
Abbott (U.S.)
Deep Brain Innovations, LLC (U.S.)
St. Jude Children's Research Hospital (U.S.)
Stanford Health Care (U.S.)
NeuroPace Inc. (U.S.)
Renishaw plc. (U.S.)
Functional Neuromodulation Ltd. (Canada)
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Middle East and Africa Deep Brain Stimulation Systems Market Report Answers the Following Questions:
What is the current size and growth rate of the Middle East and Africa Deep Brain Stimulation Systems Market?
What are the major drivers of the Middle East and Africa Deep Brain Stimulation Systems Market?
What are the major trends in the Middle East and Africa Deep Brain Stimulation Systems Market?
Who are the key players in the Middle East and Africa Deep Brain Stimulation Systems Market?
What is the market segmentation of the Middle East and Africa Deep Brain Stimulation Systems Market by product type?
What is the market segmentation of the Middle East and Africa Deep Brain Stimulation Systems Market by end-user?
What is the market segmentation of the Middle East and Africa Deep Brain Stimulation Systems Market by region?
What are the major challenges faced by the Middle East and Africa Deep Brain Stimulation Systems Market?
What are the opportunities for new players in the Middle East and Africa Deep Brain Stimulation Systems Market?
What is the future outlook for the Middle East and Africa Deep Brain Stimulation Systems Market?
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