South Korea Deep Brain Stimulation Devices Market Size & Outlook
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South Korea deep brain stimulation devices market highlights
- The South Korea deep brain stimulation devices market generated a revenue of USD 7.8 million in 2024 and is expected to reach USD 24.9 million by 2033.
- The South Korea market is expected to grow at a CAGR of 13.9% 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.
Deep brain stimulation devices market data book summary
| Market revenue in 2024 | USD 7.8 million |
| Market revenue in 2033 | USD 24.9 million |
| Growth rate | 13.9% (CAGR from 2025 to 2033) |
| Largest segment | Dual-channel |
| Fastest growing segment | Single-channel |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 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, South Korea accounted for 0.6% of the global deep brain stimulation devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China deep brain stimulation devices market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 92.5 million by 2033.
Dual-channel was the largest segment with a revenue share of 69.23% in 2024. Horizon Databook has segmented the South Korea deep brain stimulation devices market based on dual-channel, single-channel covering the revenue growth of each sub-segment from 2021 to 2033.
South Korea is expected to grow at a considerably faster rate in the coming years owing to rising prevalence of neurological disorders such as PD, epilepsy, and brain tumors. PD, epilepsy, and other neurological disorders are age related, thus rise in geriatric population would lead to increase in the incidence of such conditions, thereby creating more opportunities in deep brain stimulation devices market.
Furthermore, Korea-US Free Trade Agreement (KORUS FTA) was implemented on March 15, 2012, thus, most of the medical devices in Korea received duty-free treatment. Moreover, mental health awareness programs are being conducted by many nonprofit organizations and institutions such as Department of Neurology (Y.S.K.), among others.
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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 |
South Korea Product - Deep Brain Stimulation Devices Market size, 2024 - 2033 (US$M)
South Korea Deep Brain Stimulation Devices Market Outlook Share, 2024 & 2033 (US$M)
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