Italy Deep Brain Stimulation Devices Market Size & Outlook
Italy deep brain stimulation devices market, 2018-2030 (US$M)
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Italy deep brain stimulation devices market highlights
- The Italy deep brain stimulation devices market generated a revenue of USD 20.4 million in 2023 and is expected to reach USD 40.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 10.4% 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 20.4 million |
| Market revenue in 2030 | USD 40.7 million |
| Growth rate | 10.4% (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, Italy accounted for 1.8% 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 57.84% in 2023. Horizon Databook has segmented the Italy deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Italy deep brain stimulation devices market is anticipated to exhibit consistent growth rate of 10.2% over the forecast period due to growing prevalence of neurological diseases and increasing research activities for the development of new deep brain stimulation devices.
For instance, in July 2017, a spinoff company of University of Milan developed and patented a new deep brain stimulation device for the treatment of PD. Moreover, increasing incidence of epilepsy and OCD is a major factor driving this market.
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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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Italy deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Italy Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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