The global subdural electrode market size is projected to reach USD 53.2 Million by 2026, thereby exhibiting a CAGR of 8.1% during the forecast period. However, the market was worth USD 28.5 Million in 2018. This information is present in a recently published report by Fortune Business Insights, titled, “Subdural electrode market Size, Share & Industry Analysis, By Type (Strip, Grid, Depth, and Others) By Material (Platinum and Stainless Steel) By End User (Hospitals, Specialty Clinics and Others) and Regional Forecast, 2019-2026.” The report provides an elaborate analysis of the evolving market dynamics. It further presents the subdural electrode market trends, growth drivers, hindrances, regional analysis, and other challenges.
some of the key players in the global subdural electrode market. They are as follows:
- PMT Corporation
- Integra LifeSciences Corporation
- CorTec GmbH
- DIXI MEDICAL
- inomed Medizintechnik GmbH
- UNIQUE MEDICAL Co., LTD.
- Ad-Tech Medical Instrument Corporation
- Other key market players
Need for Highly Accurate Methods of Locating Seizure Focus to Drive Growth
Brain Sciences, an international open-access journal, published a study in 2018. As per the study, approximately 30.0% of the patients consuming anti-epileptic medicines fail to receive desired treatment results for epilepsy seizure control. Intracranial monitoring is undertaken for locating the area of seizure in epileptic patients. Higher precision in monitoring real-time brain activities, brain mapping, and locating seizer focus are expected to propel the subdural electrode market growth during the forthcoming period.
Platinum Segment to Dominate: Increasing Bio-compatibility will Favor Growth
In terms of material, the subdural electrode market can be segregated into stainless steel and platinum. Out of these, the platinum segment is projected to lead the market in terms of revenue. The growth is attributable to the lower infection rate and rising bio-compatibility of platinum. Moreover, platinum electrodes provide multiple additional benefits, namely, lower intracranial pressure and high accuracy in the detection of seizure location because of superior electrical connectivity. The stainless steel segment will grow at a rapid rate owing to its adoption in the developing economies.
Key Segmentation of subdural electrode market:
- Stainless Steel
By End User
- Specialty Clinics
U.S. Will Lead Owing to the Rising Awareness Programs Regarding Subdural Electrodes
The market is geographically divided into Japan, the U.S., Europe, and the rest of the world. Amongst these regions, the U.S. had acquired USD 11.4 Million subdural electrode market revenue. The region is anticipated to remain dominant throughout the forecast period. The main reasons for this growth are increasing awareness programs regarding subdural electrodes, rising number of strategic collaborations, and the existence of numerous prominent players. Besides, increasing prevalence of epilepsy will boost growth.
Europe houses plenty of modern healthcare facilities for the treatment of epilepsy. Apart from that, rising awareness campaigns about intracranial monitoring, as well as increasing utilization of depth electrodes, are likely to contribute to the market growth. The rest of the world is expected to have huge growth opportunities owing to the rising treatment gap for epilepsy.
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