Canada Deep Brain Stimulation Devices Market Size & Outlook
Canada deep brain stimulation devices market, 2018-2030 (US$M)
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Canada deep brain stimulation devices market highlights
- The Canada deep brain stimulation devices market generated a revenue of USD 77.5 million in 2023 and is expected to reach USD 150.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 10% 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 77.5 million |
| Market revenue in 2030 | USD 150.9 million |
| Growth rate | 10% (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, Canada accounted for 6.7% 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 North America, U.S. deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 150.9 million by 2030.
Dual channel was the largest segment with a revenue share of 58.06% in 2023. Horizon Databook has segmented the Canada deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
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 |
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Canada deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Canada Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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