Singapore Deep Brain Stimulation Devices Market Size & Outlook
Singapore deep brain stimulation devices market, 2018-2030 (US$M)
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Singapore deep brain stimulation devices market highlights
- The Singapore deep brain stimulation devices market generated a revenue of USD 8.2 million in 2023 and is expected to reach USD 17.2 million by 2030.
- The Singapore market is expected to grow at a CAGR of 11.2% 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.
Deep brain stimulation devices market data book summary
| Market revenue in 2023 | USD 8.2 million |
| Market revenue in 2030 | USD 17.2 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Dual channel |
| Fastest growing segment | Single 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
- In terms of revenue, Singapore accounted for 0.7% of the global deep brain stimulation devices market in 2023.
- 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.
Dual channel was the largest segment with a revenue share of 58.54% in 2023. Horizon Databook has segmented the Singapore deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Moreover, this country has an open trade policy, thus it has no barriers to trade and custom duties on medical devices. Thus, adoption of neurostimulators for deep brain stimulation is expected to grow in the coming years.
Furthermore, Singapore offers universal coverage and large government subsidies are available to assist patients with critical care needs although private & government administered medical insurance is available.
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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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Singapore deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Singapore Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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