Thailand Deep Brain Stimulation Devices Market Size & Outlook
Thailand deep brain stimulation devices market, 2018-2030 (US$M)
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Thailand deep brain stimulation devices market highlights
- The Thailand deep brain stimulation devices market generated a revenue of USD 8.0 million in 2023 and is expected to reach USD 17.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 12% 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 8.0 million |
| Market revenue in 2030 | USD 17.8 million |
| Growth rate | 12% (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, Thailand 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 58.75% in 2023. Horizon Databook has segmented the Thailand deep brain stimulation devices market based on single channel, dual channel covering the revenue growth of each sub-segment from 2018 to 2030.
In the coming years, Thailand deep brain stimulation devices market is expected to grow at a higher rate due to rise in the prevalence of various neurological conditions such as PD, stroke, and epilepsy. Moreover, health services segment of tourism industry is growing.
The only hospital performing deep brain stimulation procedure in Thailand is the Bangkok Hospital Pattaya. Owing to these factors, Thailand deep brain stimulation devices market is expected to grow at a faster rate over the forecast period.
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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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Thailand deep brain stimulation devices market size, by product, 2018-2030 (US$M)
Thailand Deep Brain Stimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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