Indonesia Deep Brain Stimulation Devices Market Size & Outlook
Indonesia deep brain stimulation devices market, 2018-2030 (US$M)
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Indonesia deep brain stimulation devices market highlights
- The Indonesia deep brain stimulation devices market generated a revenue of USD 10.8 million in 2023 and is expected to reach USD 20.6 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 9.7% 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 10.8 million |
| Market revenue in 2030 | USD 20.6 million |
| Growth rate | 9.7% (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, Indonesia accounted for 0.9% 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 58.33% in 2023. Horizon Databook has segmented the Indonesia deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Indonesia deep brain stimulation devices market is expected to grow moderately over the forecast period owing to the increase in healthcare expenditure and implementation of Jaminan Kesehatan Nasional (JKN) insurance policy in Indonesia since 2016.
Moreover, rise in disposable income and political factors have driven the growth of deep brain stimulation devices market in this country. Furthermore, within the purview of new insurance policy, all the previous schemes will be merged and the private insurance providers cover both inpatient and outpatient services.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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Indonesia deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Indonesia Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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