TechNavio recognizes the following companies as the key players in the Global Deep Brain Stimulator Market: Medtronic Inc., St. Jude Medical Inc. and Boston Scientific Corp.
Commenting on the report, an analyst from TechNavio’s Healthcare team said: ”There is a general perception that DBS treatments are risky since they involve surgery to implant electrodes in the brain. Hence, less invasive and non-invasive DBS treatments are gaining greater acceptance from doctors and surgeons in the Healthcare industry. New lines of research in the R and D sector are enabling surgeons and healthcare specialists to carry out more selective stimulation. For instance, selective stimulation is used with respect to the innervation of the urinary bladder at peripheral sites (such as pudendal nerve stimulation) with the use of less invasive devices such as Bion and other implantable devices. Thus, the adoption of alternative treatments that are less invasive is seen to be an emerging trend during the forecast period.”
According to the report, one of the key drivers in this market is that DBS therapy is considered to be the standard form of care for many diseases and conditions such as epilepsy, depression, stroke, anxiety disorders, and Parkinson™s disease. Hence, this market is expected to grow at a rapid pace and achieve a similar market size to the Global Cardiac Devices market.
Further, the report states that one of the major challenges in the market is the high cost of deep brain stimulation treatments and therapies. The high cost has rendered deep brain stimulation treatments and therapies unaffordable for patients in developing nations.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Advanced Neuromodulation Systems Inc., BioControl Medical Ltd., Carl Zeiss Inc., cerboMed GmbH, Codman and Shurtleff Inc., Cyberonics Inc., DePuy Inc., EndoStim Inc., EnteroMedics Inc., Neuronetics Inc., NeuroPace Inc., Neuros Medical Inc., NeuroSigma Inc., NeuroVista Corp., Nevro Corp., and The Magstim Company Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-deep-brain-stimulator-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report “ Global Deep Brain Stimulator Market 2012-2016
