Hyderabad, Telengana -- (SBWIRE) -- 02/09/2023 -- Overview:

Deep brain stimulation (DBS) involves delivering a small electrical current to a specific brain area. The current's energy, which stimulates brain cells, can aid with a variety of illnesses. The electricity is sent to the brain by one or more wires linked to a tiny implanted device inserted beneath the skin and around the collarbone. DBS can treat a variety of conditions, including movement disorders, mental health difficulties, and epilepsy.

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Market Size and Future Apprehension:

According to the most recent DataM Intelligence analysis, the worldwide "Europe Deep Brain Stimulation Devices Market" is expected to grow at a high CAGR over the forecast period 2023-2030.

Market Dynamics:

Drivers:

The Europe Deep Brain Stimulation (DBS) Devices Market is expected to grow significantly in the coming years due to the increasing prevalence of neurological disorders and growing demand for minimally invasive surgical procedures. DBS is a neurosurgical procedure that involves the implantation of a medical device, called a neurostimulator, which sends electrical impulses to specific parts of the brain to treat symptoms of Parkinson's disease, epilepsy, and depression, among others.

Segmentation Analysis:

In Europe, the market is segmented into product, application, and geography. On the basis of product, the market is divided into implantable pulse generators (IPGs) and leads. The IPGs segment holds the largest share in the market due to increasing demand for advanced technology and rising prevalence of neurological disorders.

By Product Type

Single-Channel Deep Brain Stimulator
Dual-Channel Deep Brain Stimulator

By Application

Parkinson's Disease
Epilepsy
Essential Tremor
Dystonia
Obsessive-Compulsive Disorder
Others

By End user

Hospitals
Neurological Clinics
Ambulatory Surgical Centers

Application Insights:

Based on application, the market is segmented into Parkinson's disease, essential tremor, epilepsy, and depression. The Parkinson's disease segment holds the largest share in the market due to increasing incidence of the disease and growing demand for minimally invasive surgical procedures.

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Regional Analysis:

Geographically, the Europe DBS devices market is segmented into Germany, France, United Kingdom, Italy, Spain, and Rest of Europe. Germany holds the largest share in the market due to a well-developed healthcare infrastructure and increasing demand for advanced medical technologies.

Competitive Analysis:

Several key players operating in the Europe DBS devices market include

- Medtronic plc,
- Boston Scientific Corporation,
- St. Jude Medical (now part of Abbott Laboratories),
- Abbott Laboratories,
- others

These players are focusing on strategic partnerships, collaborations, and mergers and acquisitions to expand their product portfolio and increase their market share.

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