Europe Deep Brain Stimulation Devices Market Size, Share and Report 2023-2030

Report Overview 

The Europe Deep brain stimulation devices market size was valued at US$ YY million in 2022 and is estimated to reach US$ YY million by 2030, growing at a high CAGR during the forecast period (2023-2030). 

Deep brain stimulation (DBS) involves the application of a low-level electrical current to specific regions of the brain. This electrical stimulation serves to activate the neurons in that particular area. To achieve this, the current is transmitted to the brain via one or more cables connected to a small implanted device positioned beneath the skin near the collarbone. DBS is a versatile treatment option that can effectively address various medical conditions, including movement disorders, mental health issues, and epilepsy. 

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Market Dynamics 

The growth of the market for products related to deep brain stimulation is anticipated to be driven by increasing demand. A significant driver in this market is the escalating prevalence of neurological conditions such as Parkinson's disease, essential tremor, dystonia, and epilepsy. Within the European Union (EU), neurological disorders rank as the third most common cause of disability and premature mortality. Given the aging population in Europe, it is likely that both the frequency and impact of these conditions will continue to rise. Consequently, health authorities should place greater emphasis on the prevention and treatment of neurological disorders. 

For instance, the European Parkinson's Disease Association emphasizes the highly individual nature of Parkinson's disease, necessitating a customized approach to therapy and care. Presently, more than 1.2 million individuals in Europe are affected by Parkinson's disease, and by 2030, this number is expected to triple. It is concerning that the global prevalence of Parkinson's disease is on the rise and is projected to double over the next two decades, affecting up to 2% of individuals over 60 and 6% of those over 80. 

In Europe, the average cost per patient with Parkinson's disease amounts to around €11,000, resulting in an annual cost to Europe of €13.9 billion. As the condition progresses, the cost per patient per year also increases, with non-motor symptoms being a significant factor contributing to hospitalization and institutionalization, both of which are key cost drivers in Parkinson's care. 

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Market Segmentation 

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 

Market Key Players 

Major players are Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Renishaw PLC, AlevaNeurotherapeutics SA, Functional Neuromodulation Ltd., Cyberonics, Inc, LivaNova PLC, and Nevro Corporation. 

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