New and Future Markets for Deep Brain Stimulation Devices Market


Posted June 17, 2016 by ranutmr

Growing pool of geriatric population is observed to be the major cause for the development of various neurological disorders such as Parkinson’s disease (PD), Alzheimer’s disease (AD), dystonia and others.

 
Transparency Market Research (TMR) has published a new report, titled “Deep Brain Stimulation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.The report states that the global deep brain stimulation devices market for Parkinson’s disease will expand at a CAGR of 11.0% during the forecast period from 2013 to 2019. In 2012, the global deep brain stimulation devices market for Parkinson’s disease was worth US$4.5 bn and by 2019, it is projected to be worth US$9.4 bn.

To access full report, please visit: http://www.transparencymarketresearch.com/deep-brain-stimulator-market.html

According to The Parkinson’s Disease Foundation, there are around 10 million people around the world suffering from this condition and more than 1 million of these people are living in America. The global deep brain stimulation devices market for Parkinson’s disease is driven by the expanding geriatric population and the high prevalence of neurological conditions such as Alzheimer’s disease, dementia, and Parkinson’s disease.

In addition to this, the global deep brain stimulation devices market for Parkinson’s disease will be driven by the rising demand for deep brain stimulation (DBS) devices due to the increasing popularity of minimally invasive procedures. DBS surgical therapy is currently the therapy of choice during the advanced stages of the Parkinson’s disease. On the other hand, chemotherapy is recommended generally during the early stages of the disease. Medical practitioners and patients are increasingly choosing DBS over drug therapy as the latter is considered to have several side effects. Furthermore, the efficacy of drug therapy cannot be gauged accurately.

Moreover, the favorable reimbursement scenario is also adding to the growing acceptance of these devices worldwide. The global deep brain stimulation devices market for Parkinson’s disease will also benefit from the rising availability of innovative deep brain stimulation devices.

On the other hand, the global deep brain stimulation devices market for Parkinson’s disease will be challenged by the risks associated with deep brain stimulation procedures. Furthermore, the implementation of certain policies from the government such as the Affordable Care Act in the U.S. will restrict the global deep brain stimulation devices market for Parkinson’s disease.

Players in the global deep brain stimulation devices market for Parkinson’s disease will benefit from the opportunity provided by the high unmet needs in the emerging economies located in Asia Pacific and other regions. Regionlly, the global deep brain stimulation devices market for Parkinson’s disease is segmented into North America, Asia Pacific, Europe, and Rest of the World.

Request For Custom Research: http://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1435

The global deep brain stimulation devices market for Parkinson’s disease is led by a handful of players. These include: Boston Scientific Corporation, Aleva Neurotherapeutics SA, St. Jude Medical, Inc., and Medtronic, Inc. The research study states that companies by focusing on improving public awareness regarding the disease, related consequences and treatment options can greatly benefit by expanding their reach. Furthermore, hiring CMOs for manufacturing deep brain stimulation devices will also help companies to boost their revenue. Another recommendation from the report is for companies to focus on enhanced product life and reducing prices of DBS devices to create better prospects.

Deep Brain Stimulation Devices Market, By Geography
•North America
oU.S.
oCanada
•Europe
oGermany
oU.K.
oFrance
oItaly
oSpain
oRest of Europe (RoE)
•Asia Pacific
oAustralia
oNew Zealand
oJapan
oIndia
oChina
oRest of Asia Pacific
•Rest of the World (RoW)
oBrazil
oMexico
oRest of RoW

About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact us:
Mr. Sudip S
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email:Â [email protected]
Website: http://www.transparencymarketresearch.com/
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Transparency Market Research
Country United States
Categories Health , Marketing , Medical
Tags deep brain stimulation devices market , global deep brain stimulation devices industry , segmentations
Last Updated June 17, 2016