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 0.1 million in 2023 and is expected to reach USD 0.2 million by 2030.
- The Philippines market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, single channel was the largest revenue generating product in 2023.
- Dual 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 0.1 million |
| Market revenue in 2030 | USD 0.2 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Single channel |
| Fastest growing segment | Dual 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
- 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.
Single channel was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Philippines deep brain stimulation devices market based on single channel, dual channel 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 product, 2018-2030 (US$M)
Philippines Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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