Sweden Deep Brain Stimulation Devices Market Size & Outlook
Sweden deep brain stimulation devices market, 2018-2030 (US$M)
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Sweden deep brain stimulation devices market highlights
- The Sweden deep brain stimulation devices market generated a revenue of USD 13.4 million in 2023 and is expected to reach USD 28.7 million by 2030.
- The Sweden market is expected to grow at a CAGR of 11.5% 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 13.4 million |
| Market revenue in 2030 | USD 28.7 million |
| Growth rate | 11.5% (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, Sweden 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 Europe, Germany deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 28.7 million by 2030.
Dual channel was the largest segment with a revenue share of 58.21% in 2023. Horizon Databook has segmented the Sweden deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
Sweden deep brain stimulation devices market is mainly driven by growing geriatric population, which has led to increase in the incidence of PD and other neurological disorders. Moreover, presence of well-developed healthcare system is another major factor driving the Sweden market.
The Swedish Neuroscience Institute is constantly trying to develop advanced deep brain stimulation devices to address Alzheimer’s disease.
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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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Sweden deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Sweden Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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