Latin America Deep Brain Stimulation Devices Market Size & Outlook
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Latin America deep brain stimulation devices market highlights
- The Latin America deep brain stimulation devices market generated a revenue of USD 48.3 million in 2024.
- The market is expected to grow at a CAGR of 11.5% from 2025 to 2033.
- In terms of segment, dual-channel was the largest revenue generating product in 2024.
- Single-channel is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 48.3 million |
| Market revenue in 2033 | USD 128.4 million |
| Growth rate | 11.5% (CAGR from 2025 to 2033) |
| Largest segment | Dual-channel |
| Fastest growing segment | Single-channel |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dual-channel, Single-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, Latin America region accounted for 3.4% of the global deep brain stimulation devices market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 426.2 million by 2033.
Dual-channel was the largest segment with a revenue share of 67.49% in 2024. Horizon Databook has segmented the Latin America deep brain stimulation devices market based on dual-channel, single-channel covering the revenue growth of each sub-segment from 2021 to 2033.
Major countries contributing to the growth of Latin America deep brain stimulation devices market are Brazil and Mexico. Growing healthcare expenditure coupled with rising penetration of health insurance in most of the Latin American countries is providing considerable growth opportunities to players operating in the global market.
Moreover, several health agreements exist between U.S. medical centers and private hospitals in Brazil and Argentina. These agreements have increased awareness about new technologies in the market, boosting the adoption of deep brain stimulation systems.
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Deep Brain Stimulation Devices Market Scope
Deep Brain Stimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NeuroPace Inc | View profile | 181 | 455 N. Bernardo Avenue, Mountain View, CA, United States, 94043 | https://www.neuropace.com |
| Nexstim Oyj Registered Shs Reg S | View profile | 37 | Elimaenkatu 9 B, Helsinki, Finland, FI-00510 | https://www.nexstim.com |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Latin America deep brain stimulation devices market size, by country, 2021-2033 (US$M)
Latin America Deep Brain Stimulation Devices Market Outlook Share, 2024 & 2033 (US$M)
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