Brain Pacemaker Devices Market Share and Growth Factors Impact Analysis 2018 – 2

Posted by Rohini Chaudhari on July 1st, 2019

Global Brain Pacemaker Devices Market: Overview

Pacemaker is an electrical device, which prompts an electrical beat to the heart if there is irregular heartbeat (or arrhythmia). Brain pacemaker is an electrical device (also known as wireless artifact-free neuro-modulation device), which sends electrical stimulation to the brain if there is an irregular electrical activity. The device is wireless and autonomous, which means once the device learns to identify the signs of seizures (or other irregular electrical activities in the brain), it can regulate the stimulation parameters on its own to resist the irregular electrical activities of the brain. Additionally, the device is closed-loop, and can deliver electrical signal and record electrical activities of the brain simultaneously and regulate the stimulation parameters in real time. Customized integrated circuits in the device can register the full signal from the brain waves and electrical pulses. Furthermore, the device can register electrical activities of the brain over 128 channels or from 128 points located in the brain, while other closed loop systems can measure electrical activities of the brain over 8 channels.

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Global Brain Pacemaker Devices Market: Key Trends

The global brain pacemaker devices market is primarily driven by rise in cases of Parkinson’s disease & epilepsy across the world, and high rate of diagnosis and treatment of epilepsy, Parkinson’s disease, and other neuro-stimulation diseases. However, stringent medical device regulatory standards and high price are projected to hamper the growth of the global market in the near future. Technological advancements, ongoing clinical trials, increase in research and development expenditure by major players, and strategic alliances among key companies are anticipated to fuel the growth of the global brain pacemaker devices market during the forecast period.

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Global Brain Pacemaker Devices Market: Segmentation

The global brain pacemaker devices market can be segmented based on application, end-user, and region. In terms of application, the global market can be classified into Parkinson’s disease, epilepsy, and others. The epilepsy segment held significant market share in 2017, followed by the Parkinson’s disease segment. Based on end-user, the global brain pacemaker devices market can be divided into hospitals & ambulatory surgery centers, specialized neurology centers, and others (academic & research centers). The hospitals & ambulatory surgery centers segment accounted for the largest market share in 2017, followed by the specialized neurology centers segment.