Colombia Deep Brain Stimulation Devices Market Size & Outlook
Colombia deep brain stimulation devices market, 2018-2030 (US$M)
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Colombia deep brain stimulation devices market highlights
- The Colombia deep brain stimulation devices market generated a revenue of USD 19.4 million in 2024 and is expected to reach USD 34.5 million by 2030.
- The Colombia market is expected to grow at a CAGR of 10.2% from 2025 to 2030.
- In terms of segment, dystonia was the largest revenue generating application in 2024.
- Epilepsy is the most lucrative application segment registering the fastest growth during the forecast period.
Deep brain stimulation devices market data book summary
| Market revenue in 2024 | USD 19.4 million |
| Market revenue in 2030 | USD 34.5 million |
| Growth rate | 10.2% (CAGR from 2025 to 2030) |
| Largest segment | Dystonia |
| Fastest growing segment | Epilepsy |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pain Management, Epilepsy, Essential Tremor, Obsessive Compulsive Disorder (OCD), Parkinsons Disease, Depression, Dystonia |
| 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, Colombia accounted for 1.4% of the global deep brain stimulation devices market in 2024.
- 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.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 84.9 million by 2030.
Dystonia was the largest segment with a revenue share of 80.41% in 2024. Horizon Databook has segmented the Colombia deep brain stimulation devices market based on pain management, epilepsy, essential tremor, obsessive compulsive disorder (ocd), parkinsons disease, depression, dystonia covering the revenue growth of each sub-segment from 2018 to 2030.
Less adoption of advanced healthcare facilities and declining healthcare expenditure by the government are major factors restraining the market growth in Colombia. In addition, lack of adequate number of hospitals & clinics in the country is a major factor restraining the market growth.
Such scenario restricts key players from entering the Colombian market as the scope for growth is significantly low. Furthermore, lack of skilled professionals and proper knowledge regarding technologically advanced products is a major drawback impeding the market growth.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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Colombia deep brain stimulation devices market size, by application, 2018-2030 (US$M)
Colombia Deep Brain Stimulation Devices Market Outlook Share, 2024 & 2030 (US$M)
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