China Deep Brain Stimulation Devices Market Size & Outlook
China deep brain stimulation devices market, 2018-2030 (US$M)
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China deep brain stimulation devices market highlights
- The China deep brain stimulation devices market generated a revenue of USD 22.8 million in 2023 and is expected to reach USD 47.7 million by 2030.
- The China 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 22.8 million |
| Market revenue in 2030 | USD 47.7 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, China 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 Asia Pacific, Japan deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 17.8 million by 2030.
Dual channel was the largest segment with a revenue share of 52.19% in 2023. Horizon Databook has segmented the China deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
According to Population Reference Bureau (PRB), the number of people belonging to the age group of 65 and above in China may increase to more than 300 million by 2050. Furthermore, China is developing cost-effective devices for individuals suffering from brain-associated diseases.
For instance, a China-based company called PINS Medical has developed a brain stimulation device commonly known as a brain pacemaker. PINS Medical was the first company to obtain a CE mark and has helped a number of individuals with movement disorders such as PD.
Therefore, such advancements in brain stimulation devices are likely to aid in creating growth opportunities in China deep brain stimulation devices market. The market may witness significant growth owing to strategic collaborations with global players for development as well as marketing of these devices due to the presence of high untapped opportunities in the country.
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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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China deep brain stimulation devices market size, by product, 2018-2030 (US$M)
China Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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