Subdural Electrodes Market Size, Industry Analysis Report, 2032
Subdural Electrodes Market Size, Share Global Analysis Report, 2024-2032

Subdural Electrodes Market Share, Size, Trends, Industry Analysis Report, By Material (Platinum and Stainless Steel); By Type; By End User; By Region; Segment Forecast, 2024 – 2032

  • Published Date:Jan-2024
  • Pages: 119
  • Format: PDF
  • Report ID: PM4230
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global subdural electrodes market was valued at USD 32.02 million in 2023 and is expected to grow at a CAGR of 8.0% during the forecast period.

The widespread use and adoption of such types of electrodes for intracranial experience monitoring that are being carried out among the patients experiencing seizures and epileptic episodes in the pre-surgical phase of epilepsy and growing incidences and prevalence of epilepsy all over the world has been driving its market growth and generating huge growth potential over the years.  

  • For instance, according to a report published by the World Health Organization, about 50 million people globally have epilepsy. It is also anticipated that almost 80% of people living with epilepsy are living in low- and middle-income countries.

Subdural Electrodes Market Size

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Moreover, there has been a rising proliferation of the implantation of the subdural EEG grid electrode in patients suffering from an acute subdural hematoma (aSDH), as they are likely to be more effective and efficient in diagnosing seizures in a time manner while facilitating the treatment of the anti-seizure drugs and making the treatment monitoring success.

However, the lack of advanced healthcare infrastructure and product availability, particularly in emerging economies, and the high cost associated with the treatment of epilepsy and other related issues could hamper their adoption among cost-conscious and low-income people, which in turn, could hamper the global market growth.

Industry Dynamics

Growth Drivers

Growing acceptance and awareness of neurostimulation therapies and demand for intracranial monitoring boosting its market growth

In recent years, there has been a significant increase in the acceptance rate of neurostimulation therapies among both healthcare professionals and patients across the globe, that have fueled the demand for subdural electrodes as they play a very important role in neurostimulation. Apart from this, with the growing prevalence of epilepsy worldwide that resulted in an increased number of surgeries, there is a rapid boost in the demand and adoption of intracranial monitoring as a pre-surgical planning process for epilepsy surgery.

  • For instance, as per a report published by the Epilepsy Research Institute, the number of people living with epilepsy stood at around 6,00,000 in the UK, and every week, about 600 people are diagnosed with epilepsy in the country.

Report Segmentation

The market is primarily segmented based on material, type, end user, and region.

By Material

By Type

By End User

By Region

  • Platinum
  • Stainless Steel
  • Strip
  • Grid
  • Depth
  • Others
  • Hospitals & ASCs
  • Specialty Clinics
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Material Analysis

Platinum segment accounted for the noteworthy market share in 2022

The platinum segment accounted for a noteworthy market share. The segment market growth is highly attributable to numerous benefits associated with this material, including low risk of infection, better electrical conductivity compared to others, and improved compatibility with the organic environment. Along with this, platinum brings several other benefits, such as durability, biocompatibility, and high electrical conductivity, that make them a highly preferable and ideal material for electrodes used in neurostimulation therapies, which, in turn, open up new growth opportunities for the segment market.

The stainless-steel segment also held a notable share in the market in 2022, which is mainly driven by its significant adoption in subdural electrodes market as they provide good mechanical strength to electrodes and are also being considered as a cost-effective material for various medical devices, including subdural electrodes.

By Type Analysis

Depth segment held the significant market share in 2022

The depth segment held a significant market share, which is majorly driven by its ability to provide comprehensive recording of deep brain structures, enhanced patient comfort, greater quality of brain mapping, and minimal invasion. Besides this, depth electrodes are widely known for their capabilities to allow for more precise targeting of specific brain regions that are important in the treatment of various conditions, including Parkinson’s and various other psychiatric disorders.

The strip segment is expected to witness a substantial growth rate during the projected period on account of their growing uses and applications in epilepsy monitoring and the drastic increase in the usage of such kinds of electrodes in minimally invasive neurostimulation procedures. 

By End User Analysis

Hospitals & ASCs segment is projected to witness highest growth over the forecast period

The hospitals & ASCs segment dominated the market, mainly due to a substantial increase in the utilization of these healthcare facilities, especially in emerging economies, and growing awareness among people about the availability of intracranial monitoring in hospitals at affordable prices. In addition, there are a significant number of supportive government regulations and reimbursement policies with reimbursement mechanisms promoting the adoption of subdural electrodes, encouraging hospitals and ASCs to opt for highly advanced and latest technology electrodes to help patients be treated effectively.

The specialty clinics segment is projected to register a considerable growth rate during the anticipated period, which is mainly attributable to the increasing number of specialty clinics across the world equipped with specialized healthcare professionals with expertise in neurostimulation therapies. Additionally, many patients with epilepsy and other related issues prefer specialty clinics over hospitals and ASCs because they offer personalized and tailored treatment plans for patients with specific neurological conditions, which, in turn, could generate lucrative growth opportunities for the segment market.

Regional Insights

North America region dominated the market in 2022

The North America region dominated the global market. The regional market growth is largely attributable to the rapid adoption of these devices in the region for intracranial monitoring and the rise in the prevalence of drug resistance among the growing epileptic patient pool. Apart from this, the region has a well-established and technologically advanced or developed healthcare infrastructure that results in the quick adoption of advanced medical technologies like subdural electrodes for various neurology procedures and therapies.

The Asia Pacific region will grow at a rapid pace, owing to a drastic increase in the incidences of neurological disorders like epilepsy and the region’s constantly growing aging population who are more prone to neurological disorders, making regions a growing market for subdural electrodes. There are various favorable government initiatives in the region mainly aimed at advancing and improving the healthcare infrastructure and services and also promoting R&D in the field, thereby boosting the region’s growth at a rapid pace.

  • For instance, according to a recent report by the United Nations Population Fund and the International Institute for Population Sciences, the number of people aged 60 years and above in India accounted for almost 10.5% of India’s total population. And the aging population in the country is projected to double to approx. 20.8%, which means 347 million people will be aged 60 years and above by 2050.

Key Market Players & Competitive Insights

The subdural electrodes market is highly fragmented in nature, with a robust presence of regional and global market players. The key market players are extensively focusing on various business development and expansion strategies, including strategic alliances, partnerships, collaborations, acquisitions, and new product launches, in order to compete in this market and stay ahead of their competitors.

Some of the major players operating in the global market include:

  • Abbott Laboratories
  • Ad-Tech Medical Instrument Corporation
  • Blackrock Microsystems
  • Boston Scientific Corporation
  • CorTech GmbH
  • DIXI Medical
  • Inomed Medizintechnik GmbH
  • Integra LifeSciences Corporation
  • LivaNova PLC
  • Medtronic Plc
  • Natus Medical Incorporated
  • Nihon Kohden Corporation
  • PMT Corporation
  • Ripple Neuro
  • Unique Medical Co. Ltd.

Recent Developments

  • In October 2022, Synaptive Medical entered a partnership with a bio-electronic medicine company named “Panaxium SAS”. This partnership aims to incorporate Panaxium’s iontronic electrocorticography platform into Synaptive’s Modus V robotic exoscope technology.
  • In July 2022, Natus Medical, a leading provider of diagnosing, screening, and treating disorders affecting the neural pathways, brains, & sensory nervous systems, announced that ArchiMed acquired the company against a cash consideration of USD 1.2 billion.

Subdural Electrodes Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 34.10 million

Revenue forecast in 2032

USD 62.98 million

CAGR

8.0% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Material, By Type, By End User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

Explore the market dynamics of the 2024 Subdural Electrodes Market share, size, and revenue growth rate, meticulously examined in the insightful reports crafted by Polaris Market Rersearch Industry Reports. The analysis of Subdural Electrodes Market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.

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FAQ's

Subdural Electrodes Market Size Worth $ 62.98 Million By 2032

DIXI Medical, Natus Medical Incorporated, Nihon Kohden Corporation are the top market players in the market.

North America region contribute notably towards the global Subdural Electrodes Market.

The global subdural electrodes marketis expected to grow at a CAGR of 8.0% during the forecast period.

Material, type, end user, and region are the key segments in the Subdural Electrodes Market.