DEEP BRAIN STIMULATION DEVICES MARKET FOR PARKINSON’S DISEASE ANALYSIS

Market Challenges And Opportunities

Deep Brain Stimulation Devices Market for Parkinson’s Disease Report Coverage

Report Coverage	Details
Restraints & Challenges:	Excise tax on medical devices Use of deep brain stimulation limited to highly refractory patients and conditions

Global Deep Brain Stimulation Devices Market for Parkinson’s Disease: Drivers

Increasing prevalence of Parkinson’s disease is expected to propel growth of the global deep brain stimulation devices market for Parkinson’s disease over the forecast period. For instance, according to the study, ‘Prevalence of Parkinson’s disease (PD) across North America”, published in July 2018 in the journal Nature, the number of people suffering from PD is expected to reach 930,000 in 2020 and 1,238,000 in 2030.   

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Global Deep Brain Stimulation Devices Market for Parkinson’s Disease: Opportunities 

Benefits of deep brain stimulation over other approaches is expected to offer lucrative growth opportunities for players in the global deep brain stimulation devices market for Parkinson’s disease. For instance, in June 2020, the study, ‘Deep Brain Stimulation in Early-Stage Parkinson’s Disease: Five Year Outcomes’, published in Neurology, reported that deep brain stimulation can decrease the risk for disease progression as well as the need for and complexity of medications in patients with early-stage Parkinson disease compared with optimal medical therapy alone.

Moreover, advances in electrode design of deep brain stimulation devices for Parkinson’s disease is also expected to aid in growth of the market. Use of high-resolution electrodes, thin-film technology, and other advances may allow the development of multi-contact electrodes, which can even be flexible if required.