Argentina Deep Brain Stimulation Devices Market Size & Outlook
Argentina deep brain stimulation devices market, 2018-2030 (US$M)
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Argentina deep brain stimulation devices market highlights
- The Argentina deep brain stimulation devices market generated a revenue of USD 23.0 million in 2023 and is expected to reach USD 45.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, dual channel was the largest revenue generating product in 2023.
- 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 2023 | USD 23.0 million |
| Market revenue in 2030 | USD 45.2 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Dual channel |
| Fastest growing segment | Single Channel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Channel, Dual 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, Argentina accounted for 2.0% of the global deep brain stimulation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 66.7 million by 2030.
Dual channel was the largest segment with a revenue share of 52.17% in 2023. Horizon Databook has segmented the Argentina deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Moreover, rising incidence of Alzheimer’s disease and dementia in Argentina owing to increase in geriatric population is a key factor contributing to the growth of the market. According to the statistics published by the Alzheimer's Association Argentina.
In 2016, Alzheimer's disease was the fifth leading cause of death, affecting around 300,000 people in the country. Moreover, rising penetration of health insurance coupled with technological advancements is likely to drive growth of the market.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Argentina Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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