Transforming Healthcare: Abbott's Liberta RC™ DBS System Catalyst for Wireless Medical Device Market Growth

Vantage Market Research

Apr 10, 2024

Advancements in wireless technology continue to reshape the landscape of patient care. One such innovative development comes from Abbott, a global leader in healthcare, with the introduction of the Liberta RC™ DBS system. In February 2024, the U.S. Food and Drug Administration (FDA) approved this revolutionary device, which represents a significant dive forward in the treatment of movement disorders. The Liberta RC DBS system stands out for its minimal need for recharging compared to other FDA-approved DBS systems, typically requiring just ten recharge sessions annually for most users.

Deep brain stimulation therapy can be a life-saving treatment option for those with chronic diseases like essential tremor and Parkinson's disease. To deliver this high-quality care, it requires effective communication between patients and their healthcare professionals. The Liberta RC DBS system stands as the sole rechargeable DBS device that integrates seamlessly with Abbott's exclusive NeuroSphere™ Virtual Clinic. This ground-breaking connected care technology, a pioneer in the U.S., empowers individuals to engage with their healthcare providers, verify optimal settings and functionality, and receive remote updates for treatment adjustments.

The DBS device is roughly the size of a smartwatch face, measuring approximately in terms of both height and width. It is notably 31% smaller than other frequently utilized, implantable, rechargeable DBS devices currently accessible in the U.S. The wireless system enables users to stay active while wearing it, with the added benefit of recharging the Liberta RC DBS thoroughly twice before requiring another plug-in. Users can manage the system through an Abbott-provided patient controller or a secure, compatible iOS device. Additionally, it provides valuable notifications and customizable settings, ensuring a personalized charging experience.

The market for wireless medical devices is expected to reach USD 53.6 billion by 2032, up from USD 20.4 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 11.3%. Growing regulatory compliance and standards, rising cybersecurity threats, and the growing requirement for remote patient monitoring are some factors accelerating this market demand. As a result of these developments and approvals, the market for wireless medical devices is expected to grow and innovate further, offering patients and healthcare providers better options.

Wireless Medical Devices Market Size, Share & Trends Analysis Report by Product Type (Diagnostic Imaging Devices, Therapeutics Devices, Monitoring Devices, Smart Wearable Devices) by Application (Gynecology, Cardiology, Gastrointestinal, Urology, Neurology, Respiratory, Orthopedics, Others) by End User (Hospital & Clinic Settings, Home Care Settings, Diagnostic Settings) by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)