Press release
Deep Brain Stimulation Devices Market Estimated To Reach US$3.2 bn by 2020
A rise in the global geriatric population, increasing number of patients suffering from Parkinson’s disease (PD) and growing awareness about neurological movement disorders among patients have triggered the growth of the deep brain stimulation devices market. Globally, neurological disorders are one of the major causes of mortality and account for approximately 12% of deaths per annum. Of these, cerebrovascular diseases account for 85% deaths. Parkinson’s disease is the most common neurological disorder after Alzheimer’s disease. Symptoms associated with this disease include tremors, slowness of movement, muscle stiffness and trouble with balance. Drug therapy is the most effective treatment option available to control PD in the initial stages; however, a large number of medicines are required to control the disease during its advanced stages. In the later stages of PD, surgical treatment using deep brain stimulation (DBS) devices is used to control symptoms of the disease. DBS devices are an effective, clinically proven and legally approved advanced treatment option for mild to severe PD. The market for DBS devices is expected to grow at a significant rate during the forecast period from 2014 to 2020. However, the high cost of the surgical procedure could hamper the growth of the market. The growing burden of PD on health care systems, along with the uncertainty of economic conditions in some developed economies such as the U.S. and Europe has forced original equipment manufacturers (OEMs) to develop cost-effective devices for PD treatment.
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This market research report on DBS devices for the treatment of Parkinson’s disease provides detailed analysis of the global market and helps in understanding the driving forces responsible for the growth of the market. The report discusses the market for deep brain stimulation devices for Parkinson’s disease based on prevalence of the disease and the use of these devices to treat PD in four geographical regions: North America, Europe, Asia Pacific and Rest of the World. This report comprises an elaborate executive summary, which includes a market snapshot that provides overall information on various segments and sub-segments that are included in the scope of the study. It also provides overall information and data analysis of the global market for deep brain stimulation devices for Parkinson’s disease with respect to market segments based on geography (i.e., region-wise and country-wise analyses).
The global market for DBS devices for Parkinson’s disease has been segmented with respect to geography. Market size estimates and forecasts for the period from 2012 to 2020 have been provided for each geographical region in terms of revenue (USD million), considering 2012 and 2013 as historical and base years, respectively. The CAGR (%) of each market segment for the forecast period from 2014 to 2020 has also been provided along with market size estimations. The market overview section provides a detailed qualitative analysis of the factors responsible for driving and restraining the growth of the global market for deep brain stimulation devices for the treatment of Parkinson’s disease. The section also covers opportunities, Porter’s five forces analysis as well as market attractiveness analysis and market share analysis of major players in the global DBS devices market.
A list of recommendations has been provided for new entrants and existing market players to help them establish a strong presence in the market and increase their share. The report also profiles the major players in the market for deep brain stimulation devices for Parkinson’s disease based on various attributes. The profiles include company overview, financial overview, business strategies, product portfolio and recent developments. Prominent players profiled in the report include Medtronic, Inc., St. Jude Medical, Inc., Boston Scientific Corporation and Aleva Neurotherapeutics SA.
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Global deep brain stimulation devices market for Parkinson’s disease is segmented as follows:
Deep Brain Stimulation Devices Market, By Geography
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
Asia Pacific
Australia
New Zealand
Japan
India
China
Rest of Asia Pacific
Rest of the World (RoW)
Brazil
Mexico
Rest of RoW
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Table of Contents
Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Deep Brain Stimulation Devices Market for Parkinson’s Disease
2.2 Comparative Analysis: Global Deep Brain Stimulation Devices Market for Parkinson’s Disease, by Geography, 2013 & 2020 (Value %)
Chapter 3 Global Deep Brain Stimulation Devices Market for Parkinson’s Disease Overview
3.1 Introduction
3.2 Market Drivers
3.2.1 Rapidly Aging Population Leading to Rising Risk and High Prevalence of Neurological Disorders such as Parkinson’s disease, Alzheimer’s disease, Dementia, etc.
3.2.2 Growing Demand for Deep Brain Stimulation Devices due to Rising Popularity of Minimally Invasive Procedures
3.2.3 Favorable Reimbursement Scenario would add to the Increased Acceptance of DBS Devices Globally
3.2.4 Availability of Technologically Advanced Deep Brain Stimulation Devices would Further Boost Market Growth
3.3 Market Restraints
3.3.1 Risks Associated with Deep Brain Stimulation Procedures
3.3.2 Implementation of Certain Government Policies such as the Affordable Care Act in the U.S. Negatively Affects the DBS Devices Market
3.4 Market Opportunities
3.4.1 Address the High Unmet Needs of the Patient population in the Emerging Economies of the World
3.5 Porter’s Five Forces Analysis: Global Deep Brain Stimulation Devices Market for Parkinson’s Disease
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of Substitutes
3.5.4 Threat of New Entrants
3.5.5 Competitive Rivalry
3.6 Market Attractiveness Analysis: Global Deep Brain Stimulation Devices Market for Parkinson’s Disease, by Geography
3.7 Competitive Landscape
3.7.1 Market Share Analysis: Global Deep Brain Stimulation Devices Market for Parkinson’s disease, 2013 (Value %)
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