Latin America Deep Brain Stimulation Devices Market Size & Outlook
Latin America deep brain stimulation devices market, 2018-2030 (US$M)
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Latin America deep brain stimulation devices market highlights
- The Latin America deep brain stimulation devices market generated a revenue of USD 141.5 million in 2024.
- The market is expected to grow at a CAGR of 10.9% from 2025 to 2030.
- In terms of segment, dystonia was the largest revenue generating application in 2024.
- Epilepsy is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 141.5 million |
| Market revenue in 2030 | USD 260.4 million |
| Growth rate | 10.9% (CAGR from 2025 to 2030) |
| Largest segment | Dystonia |
| Fastest growing segment | Epilepsy |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pain Management, Epilepsy, Essential Tremor, Obsessive Compulsive Disorder (OCD), Parkinsons Disease, Depression, Dystonia |
| 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, Latin America region accounted for 10.1% of the global deep brain stimulation devices market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 366.5 million by 2030.
Dystonia was the largest segment with a revenue share of 75.69% in 2024. Horizon Databook has segmented the Latin America deep brain stimulation devices market based on pain management, epilepsy, essential tremor, obsessive compulsive disorder (ocd), parkinsons disease, depression, dystonia covering the revenue growth of each sub-segment from 2018 to 2030.
Major countries contributing to the growth of Latin America deep brain stimulation devices market are Brazil and Mexico. Growing healthcare expenditure coupled with rising penetration of health insurance in most of the Latin American countries is providing considerable growth opportunities to players operating in the global market.
Moreover, several health agreements exist between U.S. medical centers and private hospitals in Brazil and Argentina. These agreements have increased awareness about new technologies in the market, boosting the adoption of deep brain stimulation systems.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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Latin America deep brain stimulation devices market size, by country, 2018-2030 (US$M)
Latin America Deep Brain Stimulation Devices Market Outlook Share, 2024 & 2030 (US$M)
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