North America Deep Brain Simulation Market Forecast to 2030 - Regional Analysis - by Product (Single Channel Deep Brain Stimulator, Dual Channel Deep Brain Stimulator, and Software and Accessories), Application (Parkinson's Disease, Tremor, Dystonia, Epilepsy, Alzheimer's Disease, and Others), and End User (Hospitals, Neurology Clinics, Ambulatory Surgical Centers, and Others)

October 2023 | 82 pages | ID: NFFC4A281746EN
The Insight Partners

Abstracts

The North America deep brain simulation market is expected to grow from US$ 282.86 million in 2022 to US$ 549.78 million by 2030. It is estimated to grow at a CAGR of 8.7% from 2022 to 2030.

Rising Prevalence of Neurological Disorders Drive North America Deep Brain Simulation Market

The geriatric population is susceptible to neurological diseases. Neuropathy, Parkinson's disease, Alzheimer's disease, and dystonia are among the most common neurological disorders affecting older people. According to the National Institutes of Health (NIH), 8.5% of the world's population (i.e., around 617 million people) are 65 and above. Countries such as the US and Canada have high prevalence rates of movement disorders and psychiatric disorders associated with growing geriatric populations. According to the Parkinson's Foundation, Parkinson's symptoms are common at an average age of 60. The Canadian Psychological Association states that about 2% of the population suffers from obsessive-compulsive disorder (OCD). According to the World Health Organization (WHO), neurological diseases contribute 6.3% to the global disease burden and are one of the leading causes of death across the world. In addition, 13.2% of deaths in developed countries and 16.8% in low- and middle-income countries are reported due to neurological diseases. High mortality and disease burden necessitate the clinical urgency for integrating long-term solutions such as deep brain stimulators (DBS). Therefore, growing awareness regarding the burden of neurological disorders, the growing geriatric population, and the increasing prevalence of neurological diseases propel the demand for deep brain stimulators as a therapy.

North America Deep Brain Simulation Market Overview

The rising prevalence of neurological diseases such as Parkinson's disease (PD), increasing awareness about neurological disorders, positive research results, and growing investments in developing transcranial stimulators are among the main factors driving the overall deep brain stimulation market growth in the US. Deep brain stimulation (DBS) devices have been observed to be effective in controlling the tremors associated with Parkinson's disease. Low dopamine levels and other genetic factors are among the main causes of Parkinson's disease. According to a study titled “2022 Alzheimer's disease facts and figures” published in the Alzheimer's Association, nearly 6.5 million Americans aged 65 and above were found to have Alzheimer's disease in 2022, and that number is projected to rise to 13.8 million by 2060. Technological advancements and new product launches drive the growth of the US deep brain stimulation market. In January 2020, Abbott's Infinity DBS System received US Food and Drug Administration (FDA) approval for treating Parkinson's disease. This system allows for the targeted treatment of a specific area of the brain, called the inner globus pallidus (GPi), which is associated with the symptoms of Parkinson's disease. The US FDA approved the Verses deep brain stimulation device system for treating Parkinson's disease in December 2017 for use by Boston Scientific Corporation. According to the Parkinson's Foundation, around 1 million people in the US are suffering from Parkinson's disease, which is expected to increase to 1.2 million by 2030. Therefore, the increasing prevalence of neurological diseases and technological advancements fuel the North America deep brain simulation market growth in the US.

North America Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Million)

North America Deep Brain Simulation Market Segmentation

The North America deep brain simulation market is segmented into product, application, end user, and country.

Based on product, the North America deep brain simulation market is segmented into single channel deep brain stimulator, dual channel deep brain stimulator, and software and accessories. In 2022, the dual channel deep brain stimulator segment registered the largest share in the North America deep brain simulation market.

Based on application, the North America deep brain simulation market is segmented into Parkinson’s disease, tremor, dystonia, epilepsy, Alzheimer’s disease, and others. In 2022, the Parkinson’s disease segment registered the largest share in the North America deep brain simulation market.

Based on end user, the North America deep brain simulation market is segmented into hospitals, neurology clinics, ambulatory surgical centers, and others. In 2022, the hospitals segment registered the largest share in the North America deep brain simulation market.

Based on country, the North America deep brain simulation market is segmented into the US, Canada, Mexico. In 2022, the US registered the largest share in the North America deep brain simulation market.

Abbott Laboratories, Boston Scientific Corp, Medtronic Plc, and Newronika SpA are some of the leading companies operating in the North America deep brain simulation market.

Contents

1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 North America Deep Brain Stimulation Market, by Region (US$ Million)

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. NORTH AMERICA DEEP BRAIN SIMULATION MARKET LANDSCAPE

4.1 Overview
4.2 North America PEST Analysis
4.3 Comparison Analysis
  4.3.1 Comparison of Deep Brain Stimulation and Lesioning Procedures
  4.3.2 Lesioning Procedures in Neurological Disorders
  4.3.3 Deep Brain Stimulation Surgical Procedures Performed in 2022, By Country

5. NORTH AMERICA DEEP BRAIN SIMULATION MARKET - KEY INDUSTRY DYNAMICS

5.1 Key Market Drivers:
  5.1.1 Rising Prevalence of Neurological Disorders
  5.1.2 Increasing Demand for Minimally Invasive Surgery
5.2 Market Restraints
  5.2.1 Side Effects Associated with Deep Brain Stimulation
5.3 Market Opportunities
  5.3.1 Technological Advancements and Approvals in Deep Brain Stimulation
5.4 Future Trends
  5.4.1 Growing Research and Development Activities
5.5 Impact Analysis

6. DEEP BRAIN SIMULATION MARKET – NORTH AMERICA MARKET ANALYSIS

6.1 North America Deep Brain Simulation Market Revenue (US$ Mn), 2022 – 2030

7. NORTH AMERICA DEEP BRAIN SIMULATION MARKET – REVENUE AND FORECAST TO 2030 – BY PRODUCT

7.1 Overview
7.2 North America Deep Brain Simulation Market Revenue Share, by Product 2022 & 2030 (%)
7.3 Single Channel Deep Brain Stimulator
  7.3.1 Overview
  7.3.2 Single Channel Deep Brain Stimulator: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Dual Channel Deep Brain Stimulator
  7.4.1 Overview
  7.4.2 Dual Channel Deep Brain Stimulator: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Software and Accessories
  7.5.1 Overview
  7.5.2 Software and Accessories: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)

8. NORTH AMERICA DEEP BRAIN SIMULATION MARKET – REVENUE AND FORECAST TO 2030 – BY APPLICATION

8.1 Overview
8.2 North America Deep Brain Simulation Market Revenue Share, by Application 2022 & 2030 (%)
8.3 Parkinson's Disease
  8.3.1 Overview
  8.3.2 Parkinson's Disease: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Tremor
  8.4.1 Overview
  8.4.2 Tremor: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Alzheimer's Disease
  8.5.1 Overview
  8.5.2 Alzheimer's Disease: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Dystonia
  8.6.1 Overview
  8.6.2 Dystonia: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Epilepsy
  8.7.1 Overview
  8.7.2 Epilepsy: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.8 Others
  8.8.1 Overview
  8.8.2 Others: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)

9. NORTH AMERICA DEEP BRAIN SIMULATION MARKET – REVENUE AND FORECAST TO 2030 – BY END USER

9.1 Overview
9.2 North America Deep Brain Simulation Market Revenue Share, by End User 2022 & 2030 (%)
9.3 Hospitals
  9.3.1 Overview
  9.3.2 Hospitals: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Neurology Clinics
  9.4.1 Overview
  9.4.2 Neurology Clinics: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Ambulatory Surgical Centers
  9.5.1 Overview
  9.5.2 Ambulatory Surgical Centers: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Others
  9.6.1 Overview
  9.6.2 Others: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)

10. NORTH AMERICA DEEP BRAIN SIMULATION MARKET - COUNTRY ANALYSIS

10.1 Overview
    10.1.1.1 North America Deep Brain Simulation Market, by Country
    10.1.1.2 US
      10.1.1.2.1 Overview
      10.1.1.2.2 US Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.1.2.3 US Deep Brain Simulation Market, by Product
      10.1.1.2.4 US Deep Brain Simulation Market, by Application
      10.1.1.2.5 US Deep Brain Simulation Market, by End User
    10.1.1.3 Canada
      10.1.1.3.1 Overview
      10.1.1.3.2 Canada Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.1.3.3 Canada Deep Brain Simulation Market, by Product
      10.1.1.3.4 Canada Deep Brain Simulation Market, by Application
      10.1.1.3.5 Canada Deep Brain Simulation Market, by End User
    10.1.1.4 Mexico
      10.1.1.4.1 Overview
      10.1.1.4.2 Mexico Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
      10.1.1.4.3 Mexico Deep Brain Simulation Market, by Product
      10.1.1.4.4 Mexico Deep Brain Simulation Market, by Application
      10.1.1.4.5 Mexico Deep Brain Simulation Market, by End User

11. PRE & POST COVID-19 IMPACT

11.1 Pre & Post Covid-19 Impact

12. DEEP BRAIN SIMULATION MARKET INDUSTRY LANDSCAPE

12.1 Overview
12.2 Growth Strategies in Deep Brain Stimulation Market
12.3 Organic Growth Strategies
  12.3.1 Overview
12.4 Inorganic Growth Strategies
  12.4.1 Overview

13. NORTH AMERICA DEEP BRAIN SIMULATION MARKET, KEY COMPANY PROFILES

13.1 Abbott Laboratories
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 Medtronic Plc
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Boston Scientific Corp
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Newronika SpA
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments

14. APPENDIX

14.1 About Us
14.2 Glossary of Terms

List Of Tables

LIST OF TABLES

Table 1. North America Deep Brain Simulation Market Segmentation
Table 2. Comparison of Deep Brain Stimulation and Lesioning Procedures
Table 3. Deep Brain Stimulation Surgical Procedures Performed in 2022, by Country.
Table 4. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 5. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 6. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 7. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 8. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 9. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 10. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 11. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 12. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 13. Recent Organic Growth Strategies in Deep Brain Stimulation Market
Table 14. Recent Inorganic Growth Strategies in the North America deep brain simulation market
Table 15. Glossary of Terms, North America Deep Brain Simulation Market

List Of Figures

LIST OF FIGURES

Figure 1. North America Deep Brain Simulation Market Segmentation, By Country
Figure 2. North America - PEST Analysis
Figure 3. North America Deep Brain Simulation Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Deep Brain Simulation Market Revenue (US$ Mn), 2022 – 2030
Figure 6. North America Deep Brain Simulation Market Revenue Share, by Product 2022 & 2030 (%)
Figure 7. Single Channel Deep Brain Stimulator: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Dual Channel Deep Brain Stimulator: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Software and Accessories: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. North America Deep Brain Simulation Market Revenue Share, by Application 2022 & 2030 (%)
Figure 11. Parkinson's Disease: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Tremor: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Alzheimer's Disease: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Dystonia: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Epilepsy: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. North America Deep Brain Simulation Market Revenue Share, by End User 2022 & 2030 (%)
Figure 18. Hospitals: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Neurology Clinics: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Ambulatory Surgical Centers: North America Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. North America Deep Brain Simulation Market, 2022 ($Mn)
Figure 23. North America Deep Brain Simulation Market, By Key Countries, 2022 And 2030 (%)
Figure 24. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 25. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 26. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 27. Pre & Post Covid-19 Impact
Figure 28. Growth Strategies in Deep Brain Stimulation Market