North America Deep Brain Stimulation Devices Market Size & Outlook
North America deep brain stimulation devices market, 2018-2030 (US$M)
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North America deep brain stimulation devices market highlights
- The North America deep brain stimulation devices market generated a revenue of USD 655.5 million in 2023.
- The market is expected to grow at a CAGR of 9.2% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 655.5 million |
| Market revenue in 2030 | USD 1,212.4 million |
| Growth rate | 9.2% (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, North America region accounted for 56.3% 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 57.01% in 2023. Horizon Databook has segmented the North America deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
The rising prevalence of movement and psychiatric disorders coupled with increasing geriatric population in the region. For instance, according to Parkinson's Foundation (PF), symptoms of Parkinson's Disease (PD) are common at an average age of 60.
The geriatric population is highly susceptible to these disorders. In addition, increase in government funding and initiatives for raising awareness about movement disorders is expected to drive the demand for deep brain stimulation devices in the region.
This approval will expand treatment options for more than one million patients suffering from seizures and do not respond to medication in the U.S. These factors are expected to boost the demand for deep brain stimulation devices in this region.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
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North America deep brain stimulation devices market size, by country, 2018-2030 (US$M)
North America Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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