Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Sep 15, 2022--
The "U.S. Deep Brain Stimulation In Parkinson's Disease Market Size, Share & Trends Analysis Report by Product (Single-channel, Dual-channel), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. deep brain stimulation in Parkinson's disease market size is expected to reach USD 849.49 million by 2030. It is expected to expand at a CAGR of 7.30% from 2022 to 2030
The rising prevalence of neurological conditions, such as Parkinson's Disease (PD), increasing awareness, positive research outcomes, and growing investments in the development of transcranial stimulators are among the major factors driving the overall U.S DBS devices market.
DBS devices have been observed to be greatly effective in controlling the tremors associated with PD. They provide electrical stimulation to the basal ganglia, which results in suppressed neuronal activity that is generally spontaneous in patients suffering from PD. Low dopamine levels and other genetic factors are the main causes of PD.
According to the Parkinson's Foundation, about 1 million people are expected to be living with PD in the U.S. by 2020. Men are more susceptible to this disease than women.
Increasing investments for conducting R&D on PD have helped in raising awareness and boosting the development of new and innovative products and therapies for the treatment of this disease. For instance, the National Parkinson Foundation (NPF) provides funds to researchers and scientists with an aim to make advancements in this field.
Extensive research activities for the inclusion and approval of deep brain stimulators in new application areas, such as full-body MRI scans and depression, are anticipated to boost the market growth over the forecast period.
The DBS procedure price in the U.S. is around USD 96,000. It is expensive as compared with the cost of DBS procedures in countries such as the U.K. and Japan.
U.S. Deep Brain Stimulation In Parkinson's Disease Market Report Highlights
Market Dynamics
Market Driver Analysis
Market Restraints Analysis
Market Challenges Analysis
Market Opportunity Analysis
U.S. Deep Brain Stimulation In Parkinson's Disease: Market Analysis Tools
Impact Of Covid-19 On Market& Post Pandemic Insights
Competitive Analysis
For more information about this report visit https://www.researchandmarkets.com/r/cyr0oc
View source version on businesswire.com:https://www.businesswire.com/news/home/20220915005892/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: NEUROLOGY HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/15/2022 11:10 AM/DISC: 09/15/2022 11:11 AM
http://www.businesswire.com/news/home/20220915005892/en