The Deep Brain Stimulator Market deals with the development of medical technology especially to provide better treatment for neurological problems. Deep brain stimulator is a medical device which is also called neurostimulator. This device is used in Deep Brain Stimulation (DBS), to treat variety of disabling neurological symptoms.
The lack of permanent treatment for conditions like Parkinsons disease and risk in physically accessing the brain creates the need for deep brain stimulation devices. Based on types it is divided into single channel and dual channel deep brain stimulator. DBS treatment is used in many applications including epilepsy, essential tremor, parkinsons disease. Increasing incidences of epilepsy, essential tremor and parkinsons disease are the major growth factors for the Deep Brain Stimulator Market.
Development of technologically advanced DBS devices including electric current IPG and growing R&D related to DBS stimulator are the prime growth drivers of the Deep Brain Stimulator Market. Along with these, the increasing adoption of DBS therapy is also a key factor that drives growth for the market. However, higher cost of R & D, increased risk of infection and risk of allergic reaction are the key restraints for the market of deep brain stimulator. Among all the end-users, hospitals are holding the highest share of market.
North America is dominating the Deep Brain Stimulator Market, due to reimbursement policies and sophisticated healthcare infrastructure. Asia-Pacific is projected to register the fastest growth, due to rapidly increasing aging population, rising awareness about the therapies and modernizing health-care infrastructure in emerging economies like India and China. Europe is also estimated to register moderate growth over the forecast period.
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