Deep Brain Stimulation Devices Market Expected To Witness A Substantial Growth Of USD 2.50 Billion By 2030Posted by Neha Bora on August 10th, 2022 San Francisco, 10 Aug 2022: The Report Deep Brain Stimulation Devices Market Size, Share & Trends Analysis Report By Product (Single Channel, Dual-Channel), By Application (Parkinson’s Disease, Essential Tremor), By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global deep brain stimulation devices market is anticipated to reach USD 2.50 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.8% from 2022 to 2030. The surge in incidences of neurological disorders, growing awareness about deep brain stimulation therapy, and the introduction of technologically advanced products are attributing to the growth of the market. The COVID-19 outbreak had a negative impact on the market as the majority of elective neuro procedures including DBS surgery were suspended to free-up limited space in healthcare settings to treat COVID-19 patients. However, patients suffering from the COVID-19 - have subsequently shown neurologic symptoms that are expected to create a favorable environment for the market growth in the coming years. For instance, as per the study in Lancet, 1 in 3 COVID-19 patients who recovered have neurological, or mental health disorders. Such instances will surge the demand for deep brain stimulation (DBS) devices. The incidence of neurological disorders such as Parkinson's disease, epilepsy, and depression is increasing globally, which is expected to positively impact the market growth. For instance, as per the Depression and Bipolar Support Alliance, about 17.3 million people in the U.S. are suffering from a major depressive disorder. As a result, a large number of people suffering from such conditions & disorders is expected to boost the demand for DBS devices during the forecast period. Access Research Report of Deep Brain Stimulation Devices Market @ https://www.grandviewresearch.com/industry-analysis/deep-brain-stimulators-dbs-market Deep Brain Stimulation Devices Market Report Highlights
List Of Key Players In Deep Brain Stimulation Devices Market
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