Europe Deep Brain Stimulation Systems market Size, Advanced Technologies and Growth Opportunities in Global Industry By 2030
Europe Deep Brain Stimulation Systems Market – Industry Trends and Forecast to 2030
Europe Deep Brain Stimulation Systems Market Analysis and Size
According to the World Health Organization, neurological illnesses account for 6.3 percent of disease burden and are one of the leading causes of death, accounting for 13.2% of fatalities in affluent nations and 16.8% in low- and middle-income countries. Clinical urgency for long-term remedies such as deep brain stimulators is created by high mortality and illness burden. Furthermore, as the public becomes more aware of the tremendous burden of neurological disease, demand for deep brain stimulators as an alternative therapy has increased. During the forecast period, this is expected to fuel market expansion. The growing prevalence of neurological illnesses such as Parkinson's disease, essential tremors, dystonia, and epilepsy is a major market driver for deep brain stimulators.
Data Bridge Market Research analyses that the deep brain stimulation systems market value is USD 0.88 billion in 2022, is expected to reach USD 5.18 billion by 2030, at a CAGR of 24.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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