Philippines Deep Brain Stimulation Devices Market Size & Outlook
Philippines deep brain stimulation devices market, 2018-2030 (US$M)
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Philippines deep brain stimulation devices market highlights
- The Philippines deep brain stimulation devices market generated a revenue of USD 8.3 million in 2024 and is expected to reach USD 16.1 million by 2030.
- The Philippines market is expected to grow at a CAGR of 11.8% 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.
Deep brain stimulation devices market data book summary
| Market revenue in 2024 | USD 8.3 million |
| Market revenue in 2030 | USD 16.1 million |
| Growth rate | 11.8% (CAGR from 2025 to 2030) |
| Largest segment | Dystonia |
| Fastest growing segment | Epilepsy |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Philippines accounted for 0.6% of the global deep brain stimulation devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 17.8 million by 2030.
Dystonia was the largest segment with a revenue share of 72.29% in 2024. Horizon Databook has segmented the Philippines 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.
Philippines is one of the rapidly growing economies in Asia Pacific region due to the increase in healthcare spending. Furthermore, a study was conducted by Elsevier (information and Analytics Company) for evaluating the benefits of deep brain stimulation devices such as neurostimulators in patients suffering from PD.
It was observed that utilization of deep brain stimulation resulted in a statistically significant reduction of Unified Parkinson's Disease Rating Scale (UPDRS). Moreover, Philippines has a supportive medical community that cares for epilepsy patients and organizes awareness programs.
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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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Philippines deep brain stimulation devices market size, by application, 2018-2030 (US$M)
Philippines Deep Brain Stimulation Devices Market Outlook Share, 2024 & 2030 (US$M)
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