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 5.9 million in 2023.
- The market is expected to grow at a CAGR of 10.7% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5.9 million |
| Market revenue in 2030 | USD 11.9 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Dual channel |
| Fastest growing segment | Single Channel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 0.5% of the global deep brain stimulation devices market in 2023.
- 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.
Dual channel was the largest segment with a revenue share of 52.54% in 2023. Horizon Databook has segmented the Latin America deep brain stimulation devices market based on single channel, dual channel 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
| Name | Profile | # Employees | HQ | Website |
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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, 2023 & 2030 (US$M)
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