Deep Brain Stimulation Market Growth Report | Size & Share 2030
[Research Report] The deep brain stimulation market is expected to grow from US$ 603.52 million in 2022 and is expected to reach a value of US$ 1,155.37 million by 2030; it is anticipated to record a CAGR of 8.5% from 2022 to 2030.
Market Insights and Analyst View:
A deep brain stimulator (DBS) is a brain stimulation device comprising a brain-oriented pacemaker (an implantable pulse generator) that sends electrical stimulation via surgically implanted electrodes to specific targets in the brain. DBS is generally used to treat movement disorders and neuropsychiatric disorders. The rising prevalence of neurological disorders and increasing demand for minimally invasive surgery are driving the deep brain stimulation market size. However, side effects associated with deep brain stimulation hinder the deep brain stimulation market growth. The rising prevalence of neurological disorders and increasing demand for minimally invasive surgery are expected to propel the deep brain stimulation market growth during the forecast period.
Growth Drivers and Challenges:
The geriatric population is susceptible to neurological diseases. Neuropathy, Parkinson's disease, Alzheimer's disease, and dystonia are among the most common neurological disorders affecting older people. According to the National Institutes of Health (NIH), 8.5% of the world's population (i.e., ~617 million people) are 65 and above. The prevalence of movement disorders and psychiatric disorders is high among the geriatric populations in countries such as the US and Canada. According to the World Health Organization (WHO), neurological diseases contribute 6.3% to the global disease burden and are one of the leading causes of death across the world. In addition, 13.2% of deaths in developed countries and 16.8% of deaths in low- and middle-income countries are reported due to neurological diseases.
Deep brain stimulation is a minimally invasive targeted surgery used to treat movement disorders in dystonia, Parkinson's disease, and essential tremor. Minimally invasive surgeries (MIS) offer several advantages over traditional surgical techniques. MIS minimizes trauma to the body, reduces postoperative pain, increases recovery speed, and improves outcomes. Also, these procedures require tiny incisions large enough to insert thin tubes and cameras. These benefits of MIS are increasing inpatients and have encouraged older patients who face high operative morbidity and mortality to seek surgery. Therefore, growing awareness regarding the burden of neurological disorders, the rising geriatric population, the increasing prevalence of neurological diseases, and the rising demand for minimally invasive surgeries due to their advantages propel the demand for deep brain stimulators as a therapy.
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Deep Brain Stimulation Market: Strategic Insights
Market Size Value in US$ 603.52 million in 2022 Market Size Value by US$ 1,155.37 million by 2030 Growth rate CAGR of 8.5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Deep Brain Stimulation Market: Strategic Insights
| Market Size Value in | US$ 603.52 million in 2022 |
| Market Size Value by | US$ 1,155.37 million by 2030 |
| Growth rate | CAGR of 8.5% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Deep brain stimulation (DBS) effectively treats multiple neurological and psychiatric indications; however, surgical and hardware-related adverse events (AEs) can negatively impact the quality of life. Patients may experience side effects depending on their medication and initial programming in the initial weeks and months after a DBS procedure. Patients often experience discomfort related to the device's neurostimulator (or battery pack) implanted under the skin near the collarbone. The side effects were significantly more common in patients who underwent bilateral DBS than in patients who underwent unilateral DBS. There are various risks associated with deep brain stimulation procedures, such as lead misplacement and bleeding in the brain. The implanted pulse generator (IPG) is a basic energy source and a configurable component of DBS devices. The risk of infection from IPG limits the use of deep brain stimulation devices for Parkinson's disease. Therefore, the side effects of deep brain stimulation hinder the deep brain stimulation market growth.
Report Segmentation and Scope:
The global deep brain stimulation market is segmented on the basis of product, application, end user, and geography. Based on product, the deep brain stimulation market is segmented into single channel deep brain stimulator, dual channel deep brain stimulator, and software and systems. Based on application, the deep brain stimulation market is segmented into Parkinson's disease, tremor, Alzheimer’s disease, dystonia, epilepsy, and others. Based on end user, the deep brain stimulation market is segmented into hospitals, neurology clinics, ambulatory surgical centers, and others. The deep brain stimulation market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
Segmental Analysis:
Based on product, the deep brain stimulation market is segmented into single channel deep brain stimulator, dual channel deep brain stimulator, and software and systems. The dual channel deep brain stimulator segment held the largest market share in 2022; moreover, the same segment is anticipated to register the highest CAGR of 9.5% during the forecast period. Dual channel DBS offers the best overall support as well as efficiently reduces patient tremors. The Kinetra internal pulse generator (IPG) by Medtronic was the first dual-channel IPG, which became available in 1998. The growing adoption of dual channel DBS for the treatment of various neurological disorders, such as dystonia, Parkinson’s disease, Alzheimer’s disease, and epilepsy, is a key factor fueling the segment growth. Moreover, product approvals are propelling the growth of the dual channel stimulators segment. For instance, in January 2020, Abbott’s Infinity DBS system received FDA approval for the treatment of Parkinson's disease. This system specifically targets the brain called internal globus pallidus (GPi), which is associated with Parkinson's disease symptoms. In addition, Vercise, Vercise PC, & Vercise Gevia DBS systems by Boston Scientific; Activa PC & Activa RC by Medtronic; and Infinity by Abbott are a few of the key offerings in the segment. Thus, the advantages of dual channel stimulation, along with product approvals, are expected to boost the dual channel deep brain stimulator segment growth during the forecast period.
Based on application, the deep brain stimulation market is segmented into Parkinson's disease, tremor, Alzheimer’s disease, dystonia, epilepsy, and others. The Parkinson's disease segment held the largest market share in 2022, and the same segment is anticipated to register the highest CAGR of 8.5% during the forecast period. Parkinson's disease (PD) is a neurological disorder that causes difficulty in walking, coordinating, and balancing, as well as shaking and stiffness. A few factors such as the rising number of deep brain stimulation therapies that the US Food and Drug Administration (FDA) has approved, the surge in patients suffering from PD worldwide, and the growing approval for DBS products are expected to support the segment growth in the coming years. For instance, according to the Parkinson’s Foundation estimates, ~60,000 Americans are diagnosed with PD yearly. In addition, 1 million people in the US are suffering from PD, and the number is expected to reach 1.2 million by 2030. There are various innovative product launches across the globe. For instance, in January 2021, Medtronic launched the First-of-its kind Adaptive deep brain stimulation (aDBS) trial for evaluating the safety and efficacy of adaptive deep brain stimulation in PD patients. Hence, the above-mentioned factors significantly augment the segment growth in deep brain stimulation market growth during the forecast period.
Based on end user, the deep brain stimulation market is segmented into hospitals, neurology clinics, ambulatory surgical centers, and others. The hospitals segment held the largest market share in 2022, and the same segment is anticipated to register the highest CAGR of 9.1% during the forecast period. The hospitals segment is expected to grow significantly owing to the rising prevalence of various neurological conditions such as Parkinson's and Alzheimer's disease and other disorders that can be treated effectively by skilled professionals in hospital settings. There is an increase in the number of deep brain stimulation (DBS) surgeries performed in hospitals and the presence of state-of-the-art facilities across hospital settings. As per a study titled “Single-Stage Deep Brain Stimulator Placement for Movement Disorders,” published in 2021—approximately 160,000 patients worldwide have undergone DBS for various neurological and non-neurological conditions, and ~12,000 new patients receive DBS annually. In addition, hospitals also employ the highest quality of professional staff, including skilled and experienced neurologists, nurses, and technicians, that work together to provide patients with the best surgical care in a pleasant environment. Hence, the availability of technologically advanced DBS devices, along with favorable reimbursement policies, is expected to propel the hospital segment during the forecast period.
Regional Analysis:
Based on geography, the deep brain stimulation market is divided into five key regions—North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. North America accounted for the largest share of the global deep brain stimulation market in 2022. The North America deep brain stimulation market is segmented into the US, Canada, and Mexico. The US held the largest deep brain stimulation market share and is anticipated to register the highest CAGR during the forecast period. The market growth is attributed to the rising prevalence of neurological diseases such as Parkinson's disease (PD), rising awareness about neurological disorders, and growing investments in developing transcranial stimulators. According to a study titled “2022 Alzheimer's disease facts and figures” published in the Alzheimer's Association, ~6.5 million Americans aged 65 and above suffered from Alzheimer's disease in 2022, and the number is projected to rise to 13.8 million by 2060. In addition, according to the Parkinson's Foundation, ~1 million people in the US are suffering from Parkinson's disease, which is expected to reach 1.2 million by 2030.
Europe recorded the second-largest market for deep brain stimulation. The Europe deep brain simulation market is witnessing rapid growth due to a rise in innovative product launches by key regional deep brain stimulation companies. In June 2020, Medtronic announced the launch of the PerceptTM PC Neurostimulator with BrainsenseTM technology. The technology simultaneously records and delivers electrical stimulations to the brain to relieve symptoms of Parkinson's disease (PD). Germany and the UK are expected to witness growth in the DBS market in the region. The Asia Pacific deep brain stimulation market is expected to register the highest CAGR during the forecast period. Increasing innovative technology trends in the DBS field and rapid adoption of artificial intelligence (AI) and machine learning (ML) are key factors driving the growth of the market in the region. In February 2023, the China National Medical Products Administration approved NERVTEX, which specializes in developing digital treatments for brain diseases, such as AI-powered software for analyzing movement disorders. Also, Movement Dysfunction Assessment Software (MoDAS) is a medical device to analyze a patient's movement activity recorded with mobile phones. Factual and numeric data is then provided to diagnose and manage the patient's movement.
Deep Brain Stimulation Market Report Scope
COVID-19 Impact:
Brain surgeries were postponed or even canceled to reduce the transmission of COVID-19. According to the Prime Minister’s Decree of March 2020, the containment measures in Italy led to a reduction in routine hospital activities. In the worst-affected nations, such as the US, India, Brazil, France, the UK, Italy, and Spain, neurosurgical operations fell by 55%. The COVID-19 pandemic negatively impacted the deep brain stimulation market. In December 2020, according to the report of the National Center of Biotechnology Information, lockdown restriction measures confined people to their homes and recorded subjective worsening of motor and psychiatric symptoms, such as sleeping problems in patients suffering from Parkinson’s Disease and dystonic patients and being treated with DBS. The restrictions led to an increased burden of neurological disease and chronic stress related to DBS management. With the ease of lockdown restrictions, healthcare professionals recommenced the resumption of brain surgeries. Globally increased activities in tele-consultancy for follow-up and routine check-ups to address the symptoms of PD patients in the post-pandemic period are playing a key role in increasing the demand for treatment options such as deep brain stimulation. Thus, such trends are expected to impact the adoption of DBS in the coming years and continue to grow significantly during the forecast period.
Competitive Landscape and Key Companies:
A few of the prominent players operating in the global deep brain stimulation market include Abbott Laboratories, Aleva Neurotherapeutics SA, Medtronic Plc, Beijing PINS Medical Co Ltd, Boston Scientific Corp, Newronika SpA, and SceneRay Co Ltd. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their deep brain stimulation market share.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The factors driving the growth of the deep brain stimulation market include the rising prevalence of neurological disorders and increasing demand for minimally invasive surgery. However, the side effects associated with deep brain stimulation hamper the growth of the deep brain stimulation market.
A deep brain stimulator (DBS) is a device comprising a brain-oriented pacemaker that sends electrical stimulation through surgically-implanted electrodes to specific targets in the brain. DBSs are commonly used to treat movement disorders as well as neuropsychiatric disorders.
The deep brain stimulation market was valued at US$ 603.52 million in 2022.
The deep brain stimulation market is expected to be valued at US$ 1,155.37 million by 2030.
The deep brain stimulation market majorly consists of the players, including Abbott Laboratories, Aleva Neurotherapeutics SA, Medtronic Plc, Beijing PINS Medical Co Ltd, Boston Scientific Corp, Newronika SpA, and SceneRay Co Ltd.
The deep brain stimulation market, based on product, is segmented into single-channel deep brain stimulators, dual-channel deep brain stimulators, and software and accessories. The dual-channel deep brain stimulators segment held the largest market share in 2022 and is anticipated to register the highest CAGR during the forecast period.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Deep Brain Stimulation Market, by Geography (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Deep Brain Simulation Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 South & Central America PEST Analysis
4.2.5 Middle East & Africa PEST Analysis
4.3 Comparison Analysis
4.3.1 Comparison of Deep Brain Stimulation and Lesioning Procedures
4.3.2 Lesioning Procedures in Neurological Disorders
4.3.3 Global Deep Brain Stimulation Surgeries and Lesion Surgeries Volume in 2022
4.3.4 Deep Brain Stimulation Surgical Procedures Performed in 2022
5. Deep Brain Simulation Market - Key Industry Dynamics
5.1 Key Market Drivers:
5.1.1 Rising Prevalence of Neurological Disorders
5.1.2 Increasing Demand for Minimally Invasive Surgery
5.2 Market Restraints
5.2.1 Side Effects Associated with Deep Brain Stimulation
5.3 Market Opportunities
5.3.1 Technological Advancements and Approvals in Deep Brain Stimulation
5.4 Future Trends
5.4.1 Growing Research and Development Activities
5.5 Impact Analysis
6. Deep Brain Simulation Market - Global Market Analysis
6.1 Deep Brain Simulation Market Revenue (US$ Mn), 2022 – 2030
7. Global Deep Brain Simulation Market – Revenue and Forecast to 2030 – by Product
7.1 Overview
7.2 Deep Brain Simulation Market Revenue Share, by Product 2022 & 2030 (%)
7.3 Single Channel Deep Brain Stimulator
7.3.1 Overview
7.3.2 Single Channel Deep Brain Stimulator: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Dual Channel Deep Brain Stimulator
7.4.1 Overview
7.4.2 Dual Channel Deep Brain Stimulator: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Software and Accessories
7.5.1 Overview
7.5.2 Software and Accessories: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8. Global Deep Brain Simulation Market – Revenue and Forecast to 2030 – by Application
8.1 Overview
8.2 Deep Brain Simulation Market Revenue Share, by Application 2022 & 2030 (%)
8.3 Parkinson's Disease
8.3.1 Overview
8.3.2 Parkinson's Disease: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Tremor
8.4.1 Overview
8.4.2 Tremor: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Alzheimer's Disease
8.5.1 Overview
8.5.2 Alzheimer's Disease: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Dystonia
8.6.1 Overview
8.6.2 Dystonia: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Epilepsy
8.7.1 Overview
8.7.2 Epilepsy: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9. Global Deep Brain Simulation Market – Revenue and Forecast to 2030 – by End User
9.1 Overview
9.2 Deep Brain Simulation Market Revenue Share, by End User 2022 & 2030 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Neurology Clinics
9.4.1 Overview
9.4.2 Neurology Clinics: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Ambulatory Surgical Centers
9.5.1 Overview
9.5.2 Ambulatory Surgical Centers: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
10. Deep Brain Simulation Market - Geographical Analysis
10.1 North America Deep Brain Simulation Market, Revenue And Forecast To 2030
10.1.1 Overview
10.1.2 North America Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.1 North America Deep Brain Simulation Market, by Product
10.1.2.2 North America Deep Brain Simulation Market, by Application
10.1.2.3 North America Deep Brain Simulation Market, by End User
10.1.2.4 North America Deep Brain Simulation Market, by Country
10.1.2.5 US
10.1.2.5.1 Overview
10.1.2.5.2 US Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.5.3 US Deep Brain Simulation Market, by Product
10.1.2.5.4 US Deep Brain Simulation Market, by Application
10.1.2.5.5 US Deep Brain Simulation Market, by End User
10.1.2.6 Canada
10.1.2.6.1 Overview
10.1.2.6.2 Canada Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.6.3 Canada Deep Brain Simulation Market, by Product
10.1.2.6.4 Canada Deep Brain Simulation Market, by Application
10.1.2.6.5 Canada Deep Brain Simulation Market, by End User
10.1.2.7 Mexico
10.1.2.7.1 Overview
10.1.2.7.2 Mexico Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.1.2.7.3 Mexico Deep Brain Simulation Market, by Product
10.1.2.7.4 Mexico Deep Brain Simulation Market, by Application
10.1.2.7.5 Mexico Deep Brain Simulation Market, by End User
10.2 Europe Deep Brain Simulation Market, Revenue And Forecast to 2030
10.2.1 Overview
10.2.2 Europe Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.1 Europe Deep Brain Simulation Market, by Product
10.2.2.2 Europe Deep Brain Simulation Market, by Application
10.2.2.3 Europe Deep Brain Simulation Market, by End User
10.2.2.4 Europe Deep Brain Simulation Market by Country
10.2.2.5 Germany
10.2.2.5.1 Overview
10.2.2.5.2 Germany Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.5.3 Germany Deep Brain Simulation Market, by Product
10.2.2.5.4 Germany Deep Brain Simulation Market, by Application
10.2.2.5.5 Germany Deep Brain Simulation Market, by End User
10.2.2.6 UK
10.2.2.6.1 Overview
10.2.2.6.2 UK Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.6.3 UK Deep Brain Simulation Market, by Product
10.2.2.6.4 UK Deep Brain Simulation Market, by Application
10.2.2.6.5 UK Deep Brain Simulation Market, by End User
10.2.2.7 France
10.2.2.7.1 Overview
10.2.2.7.2 France Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.7.3 France Deep Brain Simulation Market, by Product
10.2.2.7.4 France Deep Brain Simulation Market, by Application
10.2.2.7.5 France Deep Brain Simulation Market, by End User
10.2.2.8 Italy
10.2.2.8.1 Overview
10.2.2.8.2 Italy Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.8.3 Italy Deep Brain Simulation Market, by Product
10.2.2.8.4 Italy Deep Brain Simulation Market, by Application
10.2.2.8.5 Italy Deep Brain Simulation Market, by End User
10.2.2.9 Spain
10.2.2.9.1 Overview
10.2.2.9.2 Spain Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.9.3 Spain Deep Brain Simulation Market, by Product
10.2.2.9.4 Spain Deep Brain Simulation Market, by Application
10.2.2.9.5 Spain Deep Brain Simulation Market, by End User
10.2.2.10 Rest of Europe
10.2.2.10.1 Overview
10.2.2.10.2 Rest of Europe Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.2.2.10.3 Rest of Europe Deep Brain Simulation Market, by Product
10.2.2.10.4 Rest of Europe Deep Brain Simulation Market, by Application
10.2.2.10.5 Rest of Europe Deep Brain Simulation Market, by End User
10.3 Asia Pacific Deep Brain Simulation Market, Revenue And Forecast to 2030
10.3.1 Overview
10.3.2 Asia Pacific Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.1 Asia Pacific Deep Brain Simulation Market, by Product
10.3.2.2 Asia Pacific Deep Brain Simulation Market, by Application
10.3.2.3 Asia Pacific Deep Brain Simulation Market, by End User
10.3.2.4 Asia Pacific Deep Brain Simulation Market by Country
10.3.2.5 China
10.3.2.5.1 Overview
10.3.2.5.2 China Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.5.3 China Deep Brain Simulation Market, by Product
10.3.2.5.4 China Deep Brain Simulation Market, by Application
10.3.2.5.5 China Deep Brain Simulation Market, by End User
10.3.2.6 Japan
10.3.2.6.1 Overview
10.3.2.6.2 Japan Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.6.3 Japan Deep Brain Simulation Market, by Product
10.3.2.6.4 Japan Deep Brain Simulation Market, by Application
10.3.2.6.5 Japan Deep Brain Simulation Market, by End User
10.3.2.7 India
10.3.2.7.1 Overview
10.3.2.7.2 India Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.7.3 India Deep Brain Simulation Market, by Product
10.3.2.7.4 India Deep Brain Simulation Market, by Application
10.3.2.7.5 India Deep Brain Simulation Market, by End User
10.3.2.8 Australia
10.3.2.8.1 Overview
10.3.2.8.2 Australia Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.8.3 Australia Deep Brain Simulation Market, by Product
10.3.2.8.4 Australia Deep Brain Simulation Market, by Application
10.3.2.8.5 Australia Deep Brain Simulation Market, by End User
10.3.2.9 South Korea
10.3.2.9.1 Overview
10.3.2.9.2 South Korea Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.9.3 South Korea Deep Brain Simulation Market, by Product
10.3.2.9.4 South Korea Deep Brain Simulation Market, by Application
10.3.2.9.5 South Korea Deep Brain Simulation Market, by End User
10.3.2.10 Rest of Asia Pacific
10.3.2.10.1 Overview
10.3.2.10.2 Rest of Asia Pacific Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.3.2.10.3 Rest of Asia Pacific Deep Brain Simulation Market, by Product
10.3.2.10.4 Rest of Asia Pacific Deep Brain Simulation Market, by Application
10.3.2.10.5 Rest of Asia Pacific Deep Brain Simulation Market, by End User
10.4 Middle East & Africa Deep Brain Simulation Market, Revenue And Forecast to 2030
10.4.1 Overview
10.4.2 Middle East & Africa Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.4.2.1 Middle East & Africa Deep Brain Simulation Market, by Product
10.4.2.2 Middle East & Africa Deep Brain Simulation Market, by Application
10.4.2.3 Middle East & Africa Deep Brain Simulation Market, by End User
10.4.2.4 Middle East & Africa Deep Brain Simulation Market by Country
10.4.2.5 UAE
10.4.2.5.1 Overview
10.4.2.5.2 UAE Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.4.2.5.3 UAE Deep Brain Simulation Market, by Product
10.4.2.5.4 UAE Deep Brain Simulation Market, by Application
10.4.2.5.5 UAE Deep Brain Simulation Market, by End User
10.4.2.6 Saudi Arabia
10.4.2.6.1 Overview
10.4.2.6.2 Saudi Arabia Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.4.2.6.3 Saudi Arabia Deep Brain Simulation Market, by Product
10.4.2.6.4 Saudi Arabia Deep Brain Simulation Market, by Application
10.4.2.6.5 Saudi Arabia Deep Brain Simulation Market, by End User
10.4.2.7 South Africa
10.4.2.7.1 Overview
10.4.2.7.2 South Africa Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.4.2.7.3 South Africa Deep Brain Simulation Market, by Product
10.4.2.7.4 South Africa Deep Brain Simulation Market, by Application
10.4.2.7.5 South Africa Deep Brain Simulation Market, by End User
10.4.2.8 Rest of Middle East & Africa
10.4.2.8.1 Overview
10.4.2.8.2 Rest of Middle East & Africa Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.4.2.8.3 Rest of Middle East & Africa Deep Brain Simulation Market, by Product
10.4.2.8.4 Rest of Middle East & Africa Deep Brain Simulation Market, by Application
10.4.2.8.5 Rest of Middle East & Africa Deep Brain Simulation Market, by End User
10.5 South & Central America Deep Brain Simulation Market, Revenue And Forecast to 2030
10.5.1 Overview
10.5.2 South & Central America Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.5.2.1 South & Central America Deep Brain Simulation Market, by Product
10.5.2.2 South & Central America Deep Brain Simulation Market, by Application
10.5.2.3 South & Central America Deep Brain Simulation Market, by End User
10.5.2.4 South & Central America Deep Brain Simulation Market by Country
10.5.2.5 Brazil
10.5.2.5.1 Overview
10.5.2.5.2 Brazil Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.5.2.5.3 Brazil Deep Brain Simulation Market, by Product
10.5.2.5.4 Brazil Deep Brain Simulation Market, by Application
10.5.2.5.5 Brazil Deep Brain Simulation Market, by End User
10.5.2.6 Argentina
10.5.2.6.1 Overview
10.5.2.6.2 Argentina Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.5.2.6.3 Argentina Deep Brain Simulation Market, by Product
10.5.2.6.4 Argentina Deep Brain Simulation Market, by Application
10.5.2.6.5 Argentina Deep Brain Simulation Market, by End User
10.5.2.7 Rest of South & Central America
10.5.2.7.1 Overview
10.5.2.7.2 Rest of South & Central America Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
10.5.2.7.3 Rest of South & Central America Deep Brain Simulation Market, by Product
10.5.2.7.4 Rest of South & Central America Deep Brain Simulation Market, by Application
10.5.2.7.5 Rest of South & Central America Deep Brain Simulation Market, by End User
11. Pre & Post Covid-19 Impact
11.1 Pre & Post Covid-19 Impact
12. Deep Brain Simulation Market Industry Landscape
12.1 Overview
12.2 Growth Strategies in Deep Brain Stimulation Market
12.3 Organic Growth Strategies
12.3.1 Overview
12.4 Inorganic Growth Strategies
12.4.1 Overview
13. Deep Brain Simulation Market, Key Company Profiles
13.1 Abbott Laboratories
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aleva Neurotherapeutics SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Medtronic Plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Beijing PINS Medical Co Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Boston Scientific Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Newronika SpA
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SceneRay Co Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About Us
14.2 Glossary of Terms
List of Tables
Table 1. Deep Brain Simulation Market Segmentation
Table 2. Comparison of Deep Brain Stimulation and Lesioning Procedures
Table 3. Global Deep Brain Stimulation Surgeries and Lesion Surgeries Volume in 2022
Table 4. Deep Brain Stimulation Surgical Procedures Performed in 2022, by Country.
Table 5. North America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 6. North America Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – Application
Table 7. North America Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – End User
Table 8. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 9. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 10. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 11. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 12. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 13. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 14. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 15. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 16. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 17. Europe Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 18. Europe Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – Application
Table 19. Europe Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – End User
Table 20. Germany Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 21. Germany Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 22. Germany Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 23. UK Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 24. UK Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 25. UK Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 26. France Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 27. France Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 28. France Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 29. Italy Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 30. Italy Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 31. Italy Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 32. Spain Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 33. Spain Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 34. Spain Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 35. Rest of Europe Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 36. Rest of Europe Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 37. Rest of Europe Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 38. Asia Pacific Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 39. Asia Pacific Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – Application
Table 40. Asia Pacific Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – End User
Table 41. China Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 42. China Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 43. China Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 44. Japan Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 45. Japan Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 46. Japan Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 47. India Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 48. India Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 49. India Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 50. Australia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 51. Australia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 52. Australia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 53. South Korea Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 54. South Korea Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 55. South Korea Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 56. Rest of Asia Pacific Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 57. Rest of Asia Pacific Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 58. Rest of Asia Pacific Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 59. Middle East & Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 60. Middle East & Africa Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – Application
Table 61. Middle East & Africa Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – End User
Table 62. UAE Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 63. UAE Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 64. UAE Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 65. Saudi Arabia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 66. Saudi Arabia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 67. Saudi Arabia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 68. South Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 69. South Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 70. South Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 71. Rest of Middle East & Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 72. Rest of Middle East & Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 73. Rest of Middle East & Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 74. South & Central America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 75. South & Central America Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – Application
Table 76. South & Central America Deep Brain Simulation Market Revenue And Forecast To 2030 (US$ Mn) – End User
Table 77. Brazil Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 78. Brazil Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 79. Brazil Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 80. Argentina Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 81. Argentina Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 82. Argentina Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 83. Rest of South & Central America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Product
Table 84. Rest of South & Central America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – Application
Table 85. Rest of South & Central America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn) – End User
Table 86. Recent Organic Growth Strategies in Deep Brain Stimulation Market
Table 87. Recent Inorganic Growth Strategies in the Deep Brain Stimulation Market
Table 88. Glossary of Terms, Deep Brain Simulation Market
List of Figures
Figure 1. Deep Brain Simulation Market Segmentation, By Geography
Figure 2. North America - PEST Analysis
Figure 3. Europe - PEST Analysis
Figure 4. Asia Pacific - PEST Analysis
Figure 5. South & Central America - PEST Analysis
Figure 6. Middle East & Africa - PEST Analysis
Figure 7. Deep Brain Simulation Market - Key Industry Dynamics
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. Deep Brain Simulation Market Revenue (US$ Mn), 2022 – 2030
Figure 10. Global Deep Brain Stimulation Market, By Geography Forecast Analysis, 2022 & 2030
Figure 11. Deep Brain Simulation Market Revenue Share, by Product 2022 & 2030 (%)
Figure 12. Single Channel Deep Brain Stimulator: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Dual Channel Deep Brain Stimulator: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Software and Accessories: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Deep Brain Simulation Market Revenue Share, by Application 2022 & 2030 (%)
Figure 16. Parkinson's Disease: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Tremor: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Alzheimer's Disease: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Dystonia: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Epilepsy: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Deep Brain Simulation Market Revenue Share, by End User 2022 & 2030 (%)
Figure 23. Hospitals: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Neurology Clinics: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Ambulatory Surgical Centers: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Others: Deep Brain Simulation Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Deep Brain Simulation Market, 2022 ($Mn)
Figure 28. North America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 29. North America Deep Brain Simulation Market, By Key Countries, 2022 And 2030 (%)
Figure 30. US Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 31. Canada Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 32. Mexico Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 33. Europe Deep Brain Simulation Market, By Geography, 2022 ($Mn)
Figure 34. Europe Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 35. Europe Deep Brain Simulation Market, By Key Countries, 2022 And 2030 (%)
Figure 36. Germany Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 37. UK Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 38. France Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 39. Italy Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 40. Spain Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 41. Rest of Europe Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 42. Deep Brain Simulation Market, By Geography, 2022 ($Mn)
Figure 43. Asia Pacific Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 44. Asia Pacific Deep Brain Simulation Market, By Key Countries, 2022 And 2030 (%)
Figure 45. China Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 46. Japan Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 47. India Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 48. Australia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 49. South Korea Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 50. Rest of Asia Pacific Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 51. Deep Brain Simulation Market, By Geography, 2022 And 2030 ($Mn)
Figure 52. Middle East & Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 53. Middle East & Africa Deep Brain Simulation Market, By Key Countries, 2022 And 2030 (%)
Figure 54. UAE Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 55. Saudi Arabia Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 56. South Africa Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 57. Rest of Middle East & Africa Deep Brain Simulation Market Revenue and Forecast to 2030 (US$ Mn)
Figure 58. Deep Brain Simulation Market, By Geography, 2022 ($Mn)
Figure 59. South & Central America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 60. South & Central America Deep Brain Simulation Market, By Key Countries, 2022 And 2030 (%)
Figure 61. Brazil Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 62. Argentina Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 63. Rest of South & Central America Deep Brain Simulation Market Revenue And Forecast to 2030 (US$ Mn)
Figure 64. Pre & Post Covid-19 Impact
Figure 65. Growth Strategies in Deep Brain Stimulation Market
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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