Healthcare

Deep Brain Stimulation Devices Market By Geography – Trends, Outlook, and Forecast from 2016-2024

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Deep Brain Stimulation Devices

Deep brain stimulation (DBS) device, often described as brain pacemaker, aids in alleviating symptoms of Parkinson’s disease (PD). The device is implanted at one of the three FDA approved brain sites to block the electrical signals from these sites to the brain.

The three FDA approved targeted brain sites are ventrointermedialis (VIM) nucleus of the thalamus, subthalamic nucleus (STN), and globus pallidus pars interna (GPi). DBS surgery is performed on patient’s suffering from Parkinson’s disease for at least four years, and are on medications albeit with motor complications. Though there are other surgical options such as thalamotomy and pallidotomy, deep brain stimulation is the most preferred option, as it does not involve tissue destruction and is a reversible surgical treatment.

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The global deep brain stimulation devices market was valued at US$ 664.4 million in 2015 and is expected to expand at a CAGR of 8.2% during the forecast period (2016 – 2024).

Rising incidence rate of Parkinson’s disease is expected to fuel the deep brain stimulation devices market growth

According to the Parkinson’s disease Foundation, as of 2016, over 10 million people are suffering from Parkinson’s disease globally. The findings published by the organization showed that incidence rate of PD increases with age and only 4% of people were diagnosed with PD before the age of 50 years. According to the Parkinson’s disease Foundation, incidence rate of PD in the U.S is as high as 60,000 each year.

According to Parkinson’s Australia Inc., around 11,544 new cases of PD were diagnosed in Australia in 2014 and as per the statistics released by Parkinson Canada, the number of people suffering from Parkinson’s disease in Canada is expected to increase to over 163,700 by 2031 (double than the prevalence in 2011). Therefore, increasing incidence of PD across the globe is projected to drive the deep brain stimulation devices market growth.

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Development in technology to increase therapeutic outcome and enhance application of DBS in other disease treatment

According to a study published in the Neuron journal in December 2016, deep brain stimulation, targeting entorhinal cortex and hippocampus regions in the brain, demonstrated negative impact on improving memory. Researchers, however, are optimistic about obtaining successful results through further research in enhancing memory, especially in Alzheimer patients.

Activa PC+S system by Medtronic Inc., is a closed-loop DBS device being utilized for research purpose among few physicians in Europe. This system records the electrical activity in brain and develops an algorithm of the closed-loop system. The device is being tested in patients with advanced Parkinson’s disease. Once commercialized, the closed-loop DBS system would make treatment for Parkinson’s disease more effective and customized according to unique patient needs. This is expected to benefit patients significantly and thus augment the deep brain stimulation devices market development.

Increasing demand for minimally-invasive treatment options in emerging economies to create opportunities in the respective deep brain stimulation devices market

Parkinson’s and Alzheimer disease involves long-term administration of medications, making it unaffordable to major section of the population in emerging economies in Asia, Africa, and Latin America. Advent of minimally-invasive technology has led to increase in demand for such procedures and devices for treatment of chronic disease conditions such as diabetes, stroke, Parkinson’s disease, blood clot, and Alzheimer’s disease. Deep brain stimulation devices being an effective minimally-invasive therapy for Parkinson’s patients, is projected to gain significant growth traction in emerging economies such as India, China, Brazil, Israel, and North African countries. This in-turn is expected to fuel the deep brain stimulation devices market growth.

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This post was originally published on Trading Herald

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