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Global deep brain stimulation market expected to be worth over $906 billion by 2020: Technavio

Press releases may be edited for formatting or style | April 28, 2016

Obsessive-Compulsive Disorder

Obsessive-Compulsive Disorder (OCD) is a common chronic brain disorder often leading to disturbing and uncontrollable thoughts (obsession), which in turn leads to anxiety or discomfort in the person's behavior (compulsions). Reclaim DBS therapy, which received approval by the FDA based on Humanitarian Device Exemption in February 2009, is used to treat this disorder.

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According to the FDA, this device may alleviate the symptoms to a certain extent but cannot cure OCD. The Humanitarian Device Exemption was based on the clinical study data in 26 patients who underwent DBS therapy for the treatment-resistant OCD, which treated 40% of symptoms for 12 months.

Epilepsy

Epilepsy is a neurological disorder characterized by unpredictable seizures. DBS therapy is considered for epilepsy when the seizures cannot be controlled with medicines. In September 2010, Medtronic received CE approval for its Medtronic Deep Brain Stimulation Therapy for the partial onset of seizures in adults.

“In order to provide additional data to the FDA for its approval, the company conducted a five-year trial pivotal clinical study,” says Barath. The clinical study data was published in February 2015 seeking FDA approval to enter the US market. According to the CDC, in 2015, around 2.9 million people in the US had epilepsy. Epilepsy accounted for a 5% share of the global DBS market in 2015.

Technavio’s healthcare and life sciences analysts highlight the following three vendors as the top contributors to the global deep brain stimulation market:

Boston Scientific
Medtronic
St. Jude Medical
Browse Related Reports:

Global Restless Legs Syndrome Market 2015-2019
Brain Monitoring Devices - Global Market Research 2015-2019
Epilepsy Market in the US 2015-2019
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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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