Chile Deep Brain Stimulation Devices Market Size & Outlook
Chile deep brain stimulation devices market, 2018-2030 (US$M)
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Chile deep brain stimulation devices market highlights
- The Chile deep brain stimulation devices market generated a revenue of USD 5.7 million in 2023 and is expected to reach USD 10.3 million by 2030.
- The Chile market is expected to grow at a CAGR of 8.9% 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 5.7 million |
| Market revenue in 2030 | USD 10.3 million |
| Growth rate | 8.9% (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, Chile accounted for 0.5% 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 57.89% in 2023. Horizon Databook has segmented the Chile deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
High prevalence of mental disorders in Chile is a major factor driving the market growth over the forecast period. However, low healthcare expenditure in the country often restricts entry of new or local players in the market, as the scope for growth is very limited. Furthermore, limited number of hospitals and clinics in Chile is expected to lower the 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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Chile deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Chile Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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