City
Epaper

Indian deep brain stimulator market to grow at 10pc CAGR by 2033: Report

By IANS | Updated: December 17, 2024 10:15 IST

New Delhi, Dec 17 The deep brain stimulators (DBS) market in India is projected to witness an anticipated ...

Open in App

New Delhi, Dec 17 The deep brain stimulators (DBS) market in India is projected to witness an anticipated compound annual growth rate (CAGR) of over 10 per cent by 2033, according to a report on Tuesday.

The report by GlobalData, a data, and analytics company, attributed the growth to the increasing prevalence of movement disorders in India. Besides, the inability of many patients to access appropriate surgical intervention has resulted in a substantial treatment gap.

Deep brain stimulation (DBS) is a treatment widely used for illnesses including Parkinson's disease, epilepsy, and other neurological diseases. The system uses an implanted device to send an electrical current directly to specific parts of the brain. The electrodes generate electrical impulses that improve brain function.

As per the report, the rechargeable deep brain stimulators market in India accounts for around 8 per cent of the Asia-Pacific market in 2024.

This has been strengthened by a rising patient base, cost advantages, skilled neurosurgeons, and an expanding healthcare infrastructure.

“As global life expectancy rises, age-related neurodegenerative disorders are becoming more prevalent,” said Divya Soni, Medical Devices Analyst at GlobalData.

“DBS systems have emerged as a treatment for these conditions but are limited by a battery life of 3-5 years, requiring periodic surgical replacement for non-rechargeable models, thus increasing patient burden and surgical risks,” Soni added.

Soni noted that although DBS devices serve as an effective treatment option for patients with movement disorders, they present notable shortcomings.

She pointed out the need to introduce “advanced DBS technologies that offer a transformative solution in providing personalised, data-driven therapy,” Soni said. This will set new standards in precision care, and improve quality of life across the country.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

CricketRavichandran Ashwin conferred Padma Shri by President Droupadi Murmu

Other SportsHockey India congratulate PR Sreejesh on receiving the prestigious Padma Bhushan

National24 wanted Maoists with bounty of Rs 28.5 lakh surrender in Chhattisgarh's Bijapur

Entertainment"We will not be afraid...appeal to everyone to come here": Atul Kulkarni on his visit to Pahalgam after terror attack

EntertainmentSandeepa Dhar on her eternal love for dance and inspiration Madhuri Dixit

Business Realted Stories

BusinessCentre rolls out projects to boost fisheries in 7 coastal states

BusinessVisament Launches Seamless Visa Application Services from India to Dubai

BusinessSEBI bans Patel Wealth Advisors, directors for order spoofing

BusinessGold demand likely to rise by 10-15 pc on Akshaya Tritiya despite record-high prices

BusinessIndia, Bhutan reaffirm commitment to boost customs cooperation, trade