South Africa Deep Brain Stimulation Devices Market Size & Outlook
South Africa deep brain stimulation devices market, 2018-2030 (US$M)
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South Africa deep brain stimulation devices market highlights
- The South Africa deep brain stimulation devices market generated a revenue of USD 13.0 million in 2023 and is expected to reach USD 27.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.1% 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 13.0 million |
| Market revenue in 2030 | USD 27.2 million |
| Growth rate | 11.1% (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, South Africa accounted for 1.1% 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 Middle East & Africa, South Africa deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.2 million by 2030.
Dual channel was the largest segment with a revenue share of 57.69% in 2023. Horizon Databook has segmented the South Africa deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa deep brain stimulation devices market is expected to grow at a considerably faster rate in coming years owing to increasing support from government and nonprofit organizations. There has been an increase in the number of nonprofit organizations such as World Parkinson Coalition, the Parkinson's Association of South Africa, and Alzheimer's South Africa.
These organizations aim at creating awareness about neurological disorders, especially Alzheimer's disease & PD, and raise funds for families of affected patients. Presence of such organizations is expected to fuel the market growth over the forecast period.
Furthermore, increasing healthcare expenditure and rising adoption of advanced healthcare facilities are major factors driving the market. Such factors are expected to create opportunities in South Africa deep brain stimulation devices market, leading to entry of new and key players in the market.
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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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South Africa deep brain stimulation devices market size, by product, 2018-2030 (US$M)
South Africa Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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