Asia Pacific Deep Brain Stimulation Devices Market Size & Outlook
Asia Pacific deep brain stimulation devices market, 2018-2030 (US$M)
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Asia Pacific deep brain stimulation devices market highlights
- The Asia Pacific deep brain stimulation devices market generated a revenue of USD 175.5 million in 2023.
- The market is expected to grow at a CAGR of 11.1% 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.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 175.5 million |
| Market revenue in 2030 | USD 366.5 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Dual channel |
| Fastest growing segment | Single Channel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 15.1% of the global deep brain stimulation devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 366.5 million by 2030.
Dual channel was the largest segment with a revenue share of 56.87% in 2023. Horizon Databook has segmented the Asia Pacific deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific deep brain stimulation devices market is anticipated to exhibit lucrative growth during the forecast period. Rising prevalence of neurodegenerative and psychiatric disorders coupled with unmet need for effective & long-term treatment solutions is expected to present significant growth opportunities for deep brain stimulation devices in this region.
Moreover, high R&D investments by global market players owing to their low-cost structure are among the key drivers of the market in Asia Pacific region. Rising awareness about neurological disease treatment options and improvements in clinical development framework of emerging economies are expected to drive the market growth.
Furthermore, establishment of organizations such as the Asia-Pacific Centre for Neuromodulation (APCN), which is founded for conducting research and promoting awareness about associated benefits of deep brain stimulation, is anticipated to boost market growth.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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Asia Pacific deep brain stimulation devices market size, by country, 2018-2030 (US$M)
Asia Pacific Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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