Iran Deep Brain Stimulation Devices Market Size & Outlook
Iran deep brain stimulation devices market, 2018-2030 (US$M)
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Iran deep brain stimulation devices market highlights
- The Iran deep brain stimulation devices market generated a revenue of USD 7.6 million in 2023 and is expected to reach USD 15.8 million by 2030.
- The Iran market is expected to grow at a CAGR of 11% 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 7.6 million |
| Market revenue in 2030 | USD 15.8 million |
| Growth rate | 11% (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, Iran accounted for 0.7% 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 Middle East & Africa, South Africa deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.2 million by 2030.
Dual channel was the largest segment with a revenue share of 57.89% in 2023. Horizon Databook has segmented the Iran deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Among Middle East and African countries, Iran is ranked 15th on the basis of its large youth population, long-term investment potential, healthcare reforms, developing healthcare infrastructure, and potential growth in healthcare & medical devices sector.
Moreover, medical tourism in Iran is growing as the country offers quality expertise at lower cost. These are some of the important factors fueling the growth of the market. In 2014, the first successful deep brain stimulation surgery was performed at Shiraz University of Medical Sciences on a patient diagnosed with Dystonia.
Following this successful surgery, two more surgeries were performed on patients suffering from PD and tremors. Thus, technological advancements, growing awareness about treatments, presence of well-equipped infrastructure are driving growth of the market in Iran.
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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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Iran deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Iran Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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