Canada Deep Brain Stimulation Devices Market Size & Outlook
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Canada deep brain stimulation devices market highlights
- The Canada deep brain stimulation devices market generated a revenue of USD 84.6 million in 2024 and is expected to reach USD 198.9 million by 2033.
- The Canada market is expected to grow at a CAGR of 10.1% from 2025 to 2033.
- In terms of segment, dual-channel was the largest revenue generating product in 2024.
- Single-channel is the most lucrative product segment registering the fastest growth during the forecast period.
Deep brain stimulation devices market data book summary
| Market revenue in 2024 | USD 84.6 million |
| Market revenue in 2033 | USD 198.9 million |
| Growth rate | 10.1% (CAGR from 2025 to 2033) |
| Largest segment | Dual-channel |
| Fastest growing segment | Single-channel |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dual-channel, Single-channel |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Boston Scientific Corp, Nexstim Oyj Registered Shs Reg S, LivaNova PLC, NeuroPace Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 6.0% of the global deep brain stimulation devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 198.9 million by 2033.
Dual-channel was the largest segment with a revenue share of 69.86% in 2024. Horizon Databook has segmented the Canada deep brain stimulation devices market based on dual-channel, single-channel covering the revenue growth of each sub-segment from 2021 to 2033.
In Canada, deep brain stimulation devices market is mainly driven by rising incidence of mental disorders. Moreover, approximately 2% of the population has obsessive compulsive disorder, according to Canadian Psychological Association. In addition, frequent approvals of deep brain stimulation devices by Health Canada are anticipated to promote the market growth in this country.
For instance, in June 2017, Medtronic received Health Canada license for its SureTune3 software for deep brain stimulation devices. Increasing preference for epilepsy specialists for deep brain stimulation devices therapy and rising number of epilepsy specialty centers are also key factors boosting demand for deep brain stimulation devices.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NeuroPace Inc | View profile | 181 | 455 N. Bernardo Avenue, Mountain View, CA, United States, 94043 | https://www.neuropace.com |
| Nexstim Oyj Registered Shs Reg S | View profile | 37 | Elimaenkatu 9 B, Helsinki, Finland, FI-00510 | https://www.nexstim.com |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Canada Product - Deep Brain Stimulation Devices Market size, 2024 - 2033 (US$M)
Canada Deep Brain Stimulation Devices Market Outlook Share, 2024 & 2033 (US$M)
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