India Deep Brain Stimulation Devices Market Size & Outlook
India deep brain stimulation devices market, 2018-2030 (US$M)
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India deep brain stimulation devices market highlights
- The India deep brain stimulation devices market generated a revenue of USD 20.0 million in 2023 and is expected to reach USD 43.5 million by 2030.
- The India market is expected to grow at a CAGR of 11.8% 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 20.0 million |
| Market revenue in 2030 | USD 43.5 million |
| Growth rate | 11.8% (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, India accounted for 1.7% 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 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 58% in 2023. Horizon Databook has segmented the India deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
India is anticipated to be the most prominent deep brain stimulation devices market owing to the increase in prevalence of brain-associated disorders such as PD and epilepsy. Moreover, the geriatric population is more susceptible to neurological disorders such as PD, brain stroke, OCD, and epilepsy.
Thus, the incidence of such disorders is expected to increase in the next 10 years, which is likely to create growth opportunities in deep brain stimulation devices market over the forecast period. In addition, growing need for quality healthcare and lack of matching delivery mechanisms are not only challenges in this field but also growth opportunities in the market.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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India deep brain stimulation devices market size, by product, 2018-2030 (US$M)
India Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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