Brazil Deep Brain Stimulation Devices Market Size & Outlook
Brazil deep brain stimulation devices market, 2018-2030 (US$M)
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Brazil deep brain stimulation devices market highlights
- The Brazil deep brain stimulation devices market generated a revenue of USD 40.7 million in 2023 and is expected to reach USD 84.9 million by 2030.
- The Brazil 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.
Deep brain stimulation devices market data book summary
| Market revenue in 2023 | USD 40.7 million |
| Market revenue in 2030 | USD 84.9 million |
| Growth rate | 11.1% (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, Brazil accounted for 3.5% 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 58.23% in 2023. Horizon Databook has segmented the Brazil deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, presence of hospitals with well established infrastructure in Brazil attracts patients from other countries for treatment of various neurological diseases. Moreover, owing to rising incidence of epilepsy & PD and lack of awareness about their treatment, various government organizations are organizing awareness programs.
For instance, in November 2017, the Brazilian Association of Epilepsy (ABE) launched a new program to increase awareness about epilepsy among children. Thus, increasing awareness coupled with rising prevalence of neurological diseases is expected to boost the adoption of deep brain stimulation devices in the country.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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Brazil deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Brazil Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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