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Deep Brain Stimulation (DBS) Devices Market Report Scope & Overview:

Deep Brain Stimulation (DBS) Devices Market Revenue Analysis

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The Deep Brain Stimulation (DBS) Devices Market Size was valued at USD 1.25 billion in 2023 and is witnessed to reach USD 3.10 billion by 2032 and grow at a CAGR of 11.12% over the forecast period 2024-2032. 

The high mortality and disease burden, coupled with the lack of effective pharmacotherapies necessitates the development and utilization of long-term solutions such as deep brain stimulation. In addition, the rising interest in large neurological disease burden has triggered demand for deep brain stimulators as a substitute therapy.  

Also, technological improvements in deep brain stimulation devices are expected to offer lucrative growth opportunities. Examples of these technological advances include multi-target stimulation, robotic implantation-assistance systems microelectrode designs, rechargeable implantable pulse generators, as well as personalized directed programming. For example, in July 2022 Abbott announced FDA Breakthrough Device Designation for its deep brain stimulation system. The designation is awarded to study the use of the DBS system for treatment-resistant depression, an advanced manifestation of major depressive disorder.

This recognition highlights the significance of Abbott's novel path to helping patients with a challenging and serious medical condition, advancing the opportunities for breakthroughs in depression treatment. The occurrence of mobility and psychiatric conditions is very high in the aging population, particularly in countries such as the U.S., and Canada where the geriatric prevalence is increasing rapidly. Symptoms of Parkinson's Disease, for example, occur typically around the age of 60 on average (Parkinson's Foundation). The elderly population suffers from these disorders the most. Likewise, the Canadian Psychological Association reports that 2% of Canadians have obsessive-compulsive disorder.

All, these factors are skyrocketing the growth of the deep brain stimulation devices market growth.

.MARKET DYNAMICS:

KEY DRIVERS:

  • Rapidly Aging Population is responsible for rising neurological disorders which is Generating the Need for Deep Brain Stimulation Devices
  • Surging Demand for Deep Brain Stimulation Devices because of the Rising Popularity of Minimally Invasive Procedures.

RESTRAINTS:

  • Complications regarding Deep Brain Stimulation Procedures are Hindering the Growth of the Market.
  • Implementing Stringent Government Policies Can Limit the Adoption of Deep Brain Stimulation (DBS) Devices.  

OPPORTUNITY:

  • Technological Advancements are Offering a Lucrative Growth Opportunity for Deep Brain Stimulation (DBS) Devices Systems.
  • Investment in R&D is Responsible for the Deep Brain Stimulation (DBS) Devices System Market Growth During Upcoming Years.

KEY MARKET SEGMENTATION:

By Product

  • Single Channel
  • Dual Channel

Product-wise the market is divided into single-channel and dual-channel DBS devices. With a 58% market share in 2023, the dual-channel segment had dominated due to its widespread application across various surgical procedures. Dual-channel devices are among the safest and most effective-in-use tools used in surgical procedures. As a result, the burgeoning occurrence rate of disabling neurological diseases, the mounting need for surgeries related to Parkinson's disease (PD), and the mushrooming number of hospitals exchanging single-channel deep brain stimulation (DBS) devices with dual-channel ones anticipating advantages such as elevated treatment outcomes are some crucial factors aiding in favoring growth trajectory across this segment. In addition, the continued advancements in technology and new product offerings are driving growth within this sector. Single-channel DBS Devices are expected to witness the highest growth rate from 2023 to 2030.

By Application

  • Pain Management
  • Epilepsy
  • Essential Tremor
  • Obsessive Compulsive Disorder (OCD)
  • Depression
  • Dystonia
  • Parkinson’s Disease
  • Others

Factors such as the application; the Parkinson's disease accounted for a 66.01 % share in 2023. The growth is credited to a surge in the rate of approvals by the U.S. FDA for deep brain stimulation therapy, the high prevalence of Parkinson's Disease internationally, and enhanced research & development activities. In March 2023, for example, a team at Michigan Technological University reported using neuromorphic computing to increase the efficiency by which deep brain stimulation (DBS) improves Parkinson's disease. The new model could lead this whole category to step-change growth in the future.

By End-Use

  • Hospitals
  • Neurology Clinics
  • Ambulatory Surgical Centers
  • Research Centers

Overall, the market was led by the hospital end-use segment accounting for a share of 52% in 2023. In hospital settings and with the increasing prevalence of Parkinson's disease, essential tremor is expected to expand more rapidly due in large part to hospitals & growing number will materialize during complex surgeries for medication-resistant treatment upsurge. Furthermore, the demand for technologically advanced DBS devices along with encouraging reimbursement policies is expected to drive significant growth in this segment over the forecast years. Medtronic is a prime illustrative example of providing comprehensive services for ensuring ongoing coverage, as well as ease of payment with DBS (of any variety) across the spectrum.

Deep-Brain-Stimulation-DBS-Devices-Market-By-End-Use

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REGIONAL COVERAGE:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Eastern Europe
      • Poland
      • Romania
      • Hungary
      • Turkey
      • Rest of Eastern Europe
    • Western Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Netherlands
      • Switzerland
      • Austria
      • Rest of Western Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Vietnam
    • Singapore
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
      • UAE
      • Egypt
      • Saudi Arabia
      • Qatar
      • Rest of Middle East
    • Africa
      • Nigeria
      • South Africa
      • Rest of Africa
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Rest of Latin America  

REGIONAL ANALYSES

In 2023, the market is dominated by North America holding a share of 52.3% due to an increase in government funding and initiatives taken to create awareness about Parkinson's disease will drive demand for deep brain stimulator devices Additionally, the market growth in this region is driven by the presence of key players along with availability of advanced healthcare infrastructure and favorable government initiatives. The National Institute of Neurological Disorders and Stroke, for example, funds research activities aimed at assessing both the safety and efficacy of deep brain stimulation devices used in treating Parkinson's disease.

Additionally, the Asia Pacific is projected to grow passively during the projected timeframe. It is because of the increasing prevalence rate for neurodegenerative disorders which may result in increased demand for advanced and long-term treatments. Moreover, increasing patient base coupled with rising awareness regarding the availability of treatment for neurological disease and advances in the clinical development environment within developing countries is anticipated to boost deep brain stimulation devices market growth over the forecast period. In addition, the availability of lucrative growth opportunities in emerging economies such as Japan India, and China among others is expected to drive the deep brain stimulation devices market. Rise in the establishment of organizations such as the Asia Pacific Centre for Neuromodulation which is found in Tugun Australia to research and create awareness regarding DBS, this will support deep brain stimulation devices market growth.

Deep-Brain-Stimulation-DBS-Devices-Market-By-Region

Key Players

The deep brain stimulation devices market players include Abbott Laboratories, Beijing Pinchi Medical Equipment Co., Ltd., Boston Scientific Corporation, Fisher Wallace Laboratories, Functional Neuromodulation Ltd., Medtronic, NeuroPace Inc., Renishaw PLC, Aleva Neurotherapeutics S.A. & LivaNova PLC & Other Players.

RECENT DEVELOPMENTS

  • In November 2023, Nexstim announced a collaboration with Otsuka Pharmaceutical to Utilize brain stimulation technology in neurological and psychiatric disorders.
  • In September 2023, Neuropace initiated a clinical trial to assess use for Parkinson's moving the potential market options of DBS.
  • In AUGUST 2023, The Phase IIB, double-blind ACHIEVE study demonstrates Percept PC+ as an effective option for the treatment of Tourette Syndrome.
  • In May 2023, Abbott's MRI-Conditional, Rechargeable Intellineura DBS System for Parkinson's and Essential Tremor received FDA clearance.
  • In February 2023, Aleva Neurotherapeutics secured €40M to develop its closed-loop DBS system for Parkinson's, which is using real-time brain activity monitoring.
  • In January 2023, the Percept PC+ DBS system from Medtronic - commercially available in Europe - received first-of-its-kind approval for integrated directional steering to ensure accurate targeting of brain regions.

Deep Brain Stimulation Devices Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 1.25 Billion
Market Size by 2032 US$ 3.10 Billion
CAGR CAGR of 11.12% From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments •By Product (Single-channel, Dual-channel)
•By Application (Parkinson’s Disease, Epilepsy, Essential Tremor, Obsessive Compulsive Disorder (OCD), Depression, Dystonia, Parkinson’s Disease & Others)
•By End-use (Hospitals, Neurology Clinics, Ambulatory Surgical Centers & Research Centers)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Abbott Laboratories, Beijing Pinchi Medical Equipment Co., Ltd., Boston Scientific Corporation, Fisher Wallace Laboratories, Functional Neuromodulation Ltd., Medtronic, NeuroPace Inc., Renishaw PLC, Aleva Neurotherapeutics S.A. & LivaNova PLC & Other Players
Key Drivers •Rapidly Aging Population is responsible for rising neurological disorders which is Generating the Need for Deep Brain Stimulation Devices
•Surging Demand for Deep Brain Stimulation Devices because of the Rising Popularity of Minimally Invasive Procedures.
RESTRAINTS •Complications regarding Deep Brain Stimulation Procedures are Hindering the Growth of the Market.
•Implementing Stringent Government Policies Can Limit the Adoption of Deep Brain Stimulation (DBS) Devices.

 

Frequently Asked Questions

Ans: The Deep Brain Stimulation (DBS) Devices Market is expected to grow at 11.12% CAGR from 2024 to 2032.

Ans: The Deep Brain Stimulation (DBS) Devices Market is anticipated to reach USD 3.10 billion by 2032.

Ans: The prevalence of neurological illnesses is rising, people want a tailored approach, and technical improvements are major growth drivers for the deep brain stimulation device market.

Ans: TThe deep brain stimulation devices market players include Abbott Laboratories, Beijing Pinchi Medical Equipment Co., Ltd., Boston Scientific Corporation, Fisher Wallace Laboratories, Functional Neuromodulation Ltd., Medtronic, NeuroPace Inc., Renishaw PLC, Aleva Neurotherapeutics S.A. & LivaNova PLC & Other Players. 

Ans: Yes, you may request customization based on your company's needs.

TABLE OF CONTENTS

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Porter’s 5 Forces Model

6. Pest Analysis

7. Deep Brain Stimulation (DBS) Devices Market Segmentation, By Product

7.1 Introduction

7.2 Single Channel

7.3 Dual Channel

8. Deep Brain Stimulation (DBS) Devices Market Segmentation, By Application

8.1 Introduction

8.2 Pain Management

8.3 Epilepsy

8.4 Essential Tremor

8.5 Obsessive Compulsive Disorder (OCD)

8.6 Depression

8.7 Dystonia

8.8 Parkinson’s Disease

8.9 Others

9. Deep Brain Stimulation (DBS) Devices Market Segmentation, By End-Use

9.1 Introduction

9.2 Hospitals

9.3 Neurology Clinics

9.4 Ambulatory Surgical Centers

9.5 Research Centers

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 Trend Analysis

10.2.2 North America Deep Brain Stimulation (DBS) Devices Market by Country

10.2.3 North America Deep Brain Stimulation (DBS) Devices Market By Product

10.2.4 North America Deep Brain Stimulation (DBS) Devices Market By Application

10.2.5 North America Deep Brain Stimulation (DBS) Devices Market By End-Use

10.2.6 USA

10.2.6.1 USA Deep Brain Stimulation (DBS) Devices Market By Product

10.2.6.2 USA Deep Brain Stimulation (DBS) Devices Market By Application

10.2.6.3 USA Deep Brain Stimulation (DBS) Devices Market By End-Use

10.2.7 Canada

10.2.7.1 Canada Deep Brain Stimulation (DBS) Devices Market By Product

10.2.7.2 Canada Deep Brain Stimulation (DBS) Devices Market By Application

10.2.7.3 Canada Deep Brain Stimulation (DBS) Devices Market By End-Use

10.2.8 Mexico

10.2.8.1 Mexico Deep Brain Stimulation (DBS) Devices Market By Product

10.2.8.2 Mexico Deep Brain Stimulation (DBS) Devices Market By Application

10.2.8.3 Mexico Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3 Europe

10.3.1 Trend Analysis

10.3.2 Eastern Europe

10.3.2.1 Eastern Europe Deep Brain Stimulation (DBS) Devices Market by Country

10.3.2.2 Eastern Europe Deep Brain Stimulation (DBS) Devices Market By Product

10.3.2.3 Eastern Europe Deep Brain Stimulation (DBS) Devices Market By Application

10.3.2.4 Eastern Europe Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.2.5 Poland

10.3.2.5.1 Poland Deep Brain Stimulation (DBS) Devices Market By Product

10.3.2.5.2 Poland Deep Brain Stimulation (DBS) Devices Market By Application

10.3.2.5.3 Poland Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.2.6 Romania

10.3.2.6.1 Romania Deep Brain Stimulation (DBS) Devices Market By Product

10.3.2.6.2 Romania Deep Brain Stimulation (DBS) Devices Market By Application

10.3.2.6.4 Romania Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.2.7 Hungary

10.3.2.7.1 Hungary Deep Brain Stimulation (DBS) Devices Market By Product

10.3.2.7.2 Hungary Deep Brain Stimulation (DBS) Devices Market By Application

10.3.2.7.3 Hungary Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.2.8 Turkey

10.3.2.8.1 Turkey Deep Brain Stimulation (DBS) Devices Market By Product

10.3.2.8.2 Turkey Deep Brain Stimulation (DBS) Devices Market By Application

10.3.2.8.3 Turkey Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.2.9 Rest of Eastern Europe

10.3.2.9.1 Rest of Eastern Europe Deep Brain Stimulation (DBS) Devices Market By Product

10.3.2.9.2 Rest of Eastern Europe Deep Brain Stimulation (DBS) Devices Market By Application

10.3.2.9.3 Rest of Eastern Europe Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3 Western Europe

10.3.3.1 Western Europe Deep Brain Stimulation (DBS) Devices Market by Country

10.3.3.2 Western Europe Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.3 Western Europe Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.4 Western Europe Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.5 Germany

10.3.3.5.1 Germany Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.5.2 Germany Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.5.3 Germany Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.6 France

10.3.3.6.1 France Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.6.2 France Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.6.3 France Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.7 UK

10.3.3.7.1 UK Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.7.2 UK Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.7.3 UK Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.8 Italy

10.3.3.8.1 Italy Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.8.2 Italy Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.8.3 Italy Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.9 Spain

10.3.3.9.1 Spain Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.9.2 Spain Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.9.3 Spain Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.10 Netherlands

10.3.3.10.1 Netherlands Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.10.2 Netherlands Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.10.3 Netherlands Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.11 Switzerland

10.3.3.11.1 Switzerland Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.11.2 Switzerland Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.11.3 Switzerland Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.12 Austria

10.3.3.12.1 Austria Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.12.2 Austria Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.12.3 Austria Deep Brain Stimulation (DBS) Devices Market By End-Use

10.3.3.13 Rest of Western Europe

10.3.3.13.1 Rest of Western Europe Deep Brain Stimulation (DBS) Devices Market By Product

10.3.3.13.2 Rest of Western Europe Deep Brain Stimulation (DBS) Devices Market By Application

10.3.3.13.3 Rest of Western Europe Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4 Asia-Pacific

10.4.1 Trend Analysis

10.4.2 Asia-Pacific Deep Brain Stimulation (DBS) Devices Market by Country

10.4.3 Asia-Pacific Deep Brain Stimulation (DBS) Devices Market By Product

10.4.4 Asia-Pacific Deep Brain Stimulation (DBS) Devices Market By Application

10.4.5 Asia-Pacific Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.6 China

10.4.6.1 China Deep Brain Stimulation (DBS) Devices Market By Product

10.4.6.2 China Deep Brain Stimulation (DBS) Devices Market By Application

10.4.6.3 China Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.7 India

10.4.7.1 India Deep Brain Stimulation (DBS) Devices Market By Product

10.4.7.2 India Deep Brain Stimulation (DBS) Devices Market By Application

10.4.7.3 India Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.8 Japan

10.4.8.1 Japan Deep Brain Stimulation (DBS) Devices Market By Product

10.4.8.2 Japan Deep Brain Stimulation (DBS) Devices Market By Application

10.4.8.3 Japan Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.9 South Korea

10.4.9.1 South Korea Deep Brain Stimulation (DBS) Devices Market By Product

10.4.9.2 South Korea Deep Brain Stimulation (DBS) Devices Market By Application

10.4.9.3 South Korea Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.10 Vietnam

10.4.10.1 Vietnam Deep Brain Stimulation (DBS) Devices Market By Product

10.4.10.2 Vietnam Deep Brain Stimulation (DBS) Devices Market By Application

10.4.10.3 Vietnam Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.11 Singapore

10.4.11.1 Singapore Deep Brain Stimulation (DBS) Devices Market By Product

10.4.11.2 Singapore Deep Brain Stimulation (DBS) Devices Market By Application

10.4.11.3 Singapore Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.12 Australia

10.4.12.1 Australia Deep Brain Stimulation (DBS) Devices Market By Product

10.4.12.2 Australia Deep Brain Stimulation (DBS) Devices Market By Application

10.4.12.3 Australia Deep Brain Stimulation (DBS) Devices Market By End-Use

10.4.13 Rest of Asia-Pacific

10.4.13.1 Rest of Asia-Pacific Deep Brain Stimulation (DBS) Devices Market By Product

10.4.13.2 Rest of Asia-Pacific Deep Brain Stimulation (DBS) Devices Market By Application

10.4.13.3 Rest of Asia-Pacific Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5 Middle East & Africa

10.5.1 Trend Analysis

10.5.2 Middle East

10.5.2.1 Middle East Deep Brain Stimulation (DBS) Devices Market by Country

10.5.2.2 Middle East Deep Brain Stimulation (DBS) Devices Market By Product

10.5.2.3 Middle East Deep Brain Stimulation (DBS) Devices Market By Application

10.5.2.4 Middle East Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.2.5 UAE

10.5.2.5.1 UAE Deep Brain Stimulation (DBS) Devices Market By Product

10.5.2.5.2 UAE Deep Brain Stimulation (DBS) Devices Market By Application

10.5.2.5.3 UAE Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.2.6 Egypt

10.5.2.6.1 Egypt Deep Brain Stimulation (DBS) Devices Market By Product

10.5.2.6.2 Egypt Deep Brain Stimulation (DBS) Devices Market By Application

10.5.2.6.3 Egypt Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.2.7 Saudi Arabia

10.5.2.7.1 Saudi Arabia Deep Brain Stimulation (DBS) Devices Market By Product

10.5.2.7.2 Saudi Arabia Deep Brain Stimulation (DBS) Devices Market By Application

10.5.2.7.3 Saudi Arabia Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.2.8 Qatar

10.5.2.8.1 Qatar Deep Brain Stimulation (DBS) Devices Market By Product

10.5.2.8.2 Qatar Deep Brain Stimulation (DBS) Devices Market By Application

10.5.2.8.3 Qatar Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.2.9 Rest of Middle East

10.5.2.9.1 Rest of Middle East Deep Brain Stimulation (DBS) Devices Market By Product

10.5.2.9.2 Rest of Middle East Deep Brain Stimulation (DBS) Devices Market By Application

10.5.2.9.3 Rest of Middle East Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.3 Africa

10.5.3.1 Africa Deep Brain Stimulation (DBS) Devices Market by Country

10.5.3.2 Africa Deep Brain Stimulation (DBS) Devices Market By Product

10.5.3.3 Africa Deep Brain Stimulation (DBS) Devices Market By Application

10.5.3.4 Africa Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.3.5 Nigeria

10.5.3.5.1 Nigeria Deep Brain Stimulation (DBS) Devices Market By Product

10.5.3.5.2 Nigeria Deep Brain Stimulation (DBS) Devices Market By Application

10.5.3.5.3 Nigeria Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.3.6 South Africa

10.5.3.6.1 South Africa Deep Brain Stimulation (DBS) Devices Market By Product

10.5.3.6.2 South Africa Deep Brain Stimulation (DBS) Devices Market By Application

10.5.3.6.3 South Africa Deep Brain Stimulation (DBS) Devices Market By End-Use

10.5.3.7 Rest of Africa

10.5.3.7.1 Rest of Africa Deep Brain Stimulation (DBS) Devices Market By Product

10.5.3.7.2 Rest of Africa Deep Brain Stimulation (DBS) Devices Market By Application

10.5.3.7.3 Rest of Africa Deep Brain Stimulation (DBS) Devices Market By End-Use

10.6 Latin America

10.6.1 Trend Analysis

10.6.2 Latin America Deep Brain Stimulation (DBS) Devices Market by country

10.6.3 Latin America Deep Brain Stimulation (DBS) Devices Market By Product

10.6.4 Latin America Deep Brain Stimulation (DBS) Devices Market By Application

10.6.5 Latin America Deep Brain Stimulation (DBS) Devices Market By End-Use

10.6.6 Brazil

10.6.6.1 Brazil Deep Brain Stimulation (DBS) Devices Market By Product

10.6.6.2 Brazil Deep Brain Stimulation (DBS) Devices Market By Application

10.6.6.3 Brazil Deep Brain Stimulation (DBS) Devices Market By End-Use

10.6.7 Argentina

10.6.7.1 Argentina Deep Brain Stimulation (DBS) Devices Market By Product

10.6.7.2 Argentina Deep Brain Stimulation (DBS) Devices Market By Application

10.6.7.3 Argentina Deep Brain Stimulation (DBS) Devices Market By End-Use

10.6.8 Colombia

10.6.8.1 Colombia Deep Brain Stimulation (DBS) Devices Market By Product

10.6.8.2 Colombia Deep Brain Stimulation (DBS) Devices Market By Application

10.6.8.3 Colombia Deep Brain Stimulation (DBS) Devices Market By End-Use

10.6.9 Rest of Latin America

10.6.9.1 Rest of Latin America Deep Brain Stimulation (DBS) Devices Market By Product

10.6.9.2 Rest of Latin America Deep Brain Stimulation (DBS) Devices Market By Application

10.6.9.3 Rest of Latin America Deep Brain Stimulation (DBS) Devices Market By End-Use

11. Company Profiles

11.1 Abbott Laboratories

11.1.1 Company Overview

11.1.2 Financial

11.1.3 Products/ Services Offered

11.1.4 The SNS View

11.2 Beijing Pinchi Medical Equipment Co., Ltd.

11.2.1 Company Overview

11.2.2 Financial

11.2.3 Products/ Services Offered

11.2.4 The SNS View

11.3 Boston Scientific Corporation

11.3.1 Company Overview

11.3.2 Financial

11.3.3 Products/ Services Offered

11.3.4 The SNS View

11.4 Fisher Wallace Laboratories

11.4.1 Company Overview

11.4.2 Financial

11.4.3 Products/ Services Offered

11.4.4 The SNS View

11.5 Functional Neuromodulation Ltd.

11.5.1 Company Overview

11.5.2 Financial

11.5.3 Products/ Services Offered

11.5.4 The SNS View

11.6 Medtronic

11.6.1 Company Overview

11.6.2 Financial

11.6.3 Products/ Services Offered

11.6.4 The SNS View

11.7 NeuroPace Inc.

11.7.1 Company Overview

11.7.2 Financial

11.7.3 Products/ Services Offered

11.7.4 The SNS View

11.8 Renishaw PLC

11.8.1 Company Overview

11.8.2 Financial

11.8.3 Products/ Services Offered

11.8.4 The SNS View

11.9 Aleva Neurotherapeutics S.A.

11.9.1 Company Overview

11.9.2 Financial

11.9.3 Products/ Services Offered

11.9.4 The SNS View

11.10 LivaNova PLC

11.10.1 Company Overview

11.10.2 Financial

11.10.3 Products/ Services Offered

11.10.4 The SNS View

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

12.3.1 Industry News

12.3.2 Company News

12.3.3 Mergers & Acquisitions

13. Use Case and Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.


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