Germany Deep Brain Stimulation Devices Market Size & Outlook
Germany deep brain stimulation devices market, 2018-2030 (US$M)
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Germany deep brain stimulation devices market highlights
- The Germany deep brain stimulation devices market generated a revenue of USD 57.7 million in 2023 and is expected to reach USD 111.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.8% 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 57.7 million |
| Market revenue in 2030 | USD 111.2 million |
| Growth rate | 9.8% (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, Germany accounted for 5.0% 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 Europe, Germany deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 28.7 million by 2030.
Dual channel was the largest segment with a revenue share of 56.85% in 2023. Horizon Databook has segmented the Germany deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in funding for research projects to investigate other clinical applications of deep brain stimulation devices, such as deep brain stimulation project CHL-LCSB-TUAS funded by Luxembourg National Research Fund (FNR) and another project funded by Stiftung Rheinland-Pfalz, is anticipated to present lucrative growth opportunities for deep brain stimulation devices in this country.
For instance, University of Texas Health Science Center at Houston collaborated with University Hospital Bonn in Germany to conduct efficacy studies of deep brain stimulation devices in treatment-resistant depression.
Thus, increasing awareness and demand for minimally invasive surgical techniques, such as deep brain stimulation devices therapy, for the treatment of neurodegenerative diseases such as PD and rising funding for research activities are among the factors expected to drive the market growth.
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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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Germany deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Germany Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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