Depth Electrodes Market Size, Share, Growth, And Industry Analysis, By Type (Contact Point blow 8, Contact Point 8-12, and Contact Point above 12), By Application (Pre-surgical Diagnosis and Scientific Research), Regional Forecast To 2031

Updated On: 08 April 2024

Depth Electrodes Market Report Overview

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global depth electrodes market size was USD 14.22 million in 2021  and market is projected to touch 38.136 Million by 2031, exhibiting a CAGR of 10.37% during the forecast period.

Depth electrodes are a significant part of the medical world for surgical treatments. It is used for monitoring the brain parenchyma and making certain conclusions about the subsurface levels of the brain. These are fitted inside the brain and a clear picture is provided by an MRI scan image. It makes it easier to know what is happening in a limited volume of the brain near the place the electrodes are placed. Either with the use of an alloy of nickel and chromium or using platinum, these electrodes are made. The recording made through the help of depth electrodes is a new way of knowing more about the neural activity. 

People today have become more aware of neurological cardiological diseases and they want to be treated using the best and latest way. The awareness has increased because of the rising number of diseases. The patients wants to get a clear picture of what problem they have and the doctors look for the exact position inside the brain before they operate and depth electrodes provide a clear picture to both of them. The rising adoption of innovation in the medical field also helps the market to grow. It is used for getting exact signals from the brain and is also cost-efficient. It is a device that makes the process of treatment much easier.  

Covid-19 Impact: Sustained Because Of Favorable Regulation For Health Safety 

There was not a single sector that was unaffected by COVID-19. The depth electrodes market was disturbed as well. The COVID-19 pandemic did affected the production process of depth electrodes but because now the people were careful when it came to health, therefore the government laid favorable rules and regulations for dept electrodes market. 

Latest Trends

"Rise In Demand Of Wet Electrodes Due To High Quality Signals "

When is going under the neurological or cardiovascular treatment, they want to make sure that the conclusions on which their treatment is done is correct. Therefore, there has been a recent growth in the demand for wet electrodes which is a type of depth electrode having the characteristic of giving accurate signals from the brain. The risk that comes along with using wet electrodes is also comparatively less. 

Depth Electrodes Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into contact point below 8, contact point 8-12, and Contact Point above 12.

In terms of services, contact point 8-12 is the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into Pre-surgical Diagnosis and Scientific Research.

In terms of application, Pre- surgical diagnosis is the largest segment.

Driving Factors

"Rising Cases Of Neurological And Cardiovascular Diseases Lead To Increased Demand For Depth Electrodes Market"

After the world witnessed the pandemic, everyone has become more careful and cautious when it comes to their health. There is a rise in awareness among people about cardiovascular and neurological diseases. The awareness is spread so that the disorder is identified soon and can be cured at early stages. As a post- affect of pandemic there has been increasing in the number of patients suffering from cardiovascular and neurological diseases. Depth electrodes market is influenced by the increase in the number of cases such diseases as it pulls up the demand for depth electrodes in the global market. 

"Propelling Trend For Innovation Influences The Demand For Depth Electrodes "

If we look at any filed today, we would notice that technology and innovation are the driving factors for it. In the field of medicine and neurology, depth electrodes are no less than innovation and hence positive trend for innovation in the medical field increases the demand for depth electrodes. The pateints want to go for an alternative which gives definite results and even doctors go for the treatment procedures only after knowing the exact position f the patient. Tis evaluation becomes easy when they adopt better technology in the treatment procedure.  

Restraining Factors

"Side Effects Of Using Depth Electrodes Lead To A Declining Trend In The Market "

Even when people take small medicines they are scared of the post-effects of the medicine. So, when they are getting treatment for neurological or cardiovascular disorders the fear increases. No doubt depth electrodes can be a useful device in the treatment but can cause harm too. There are few percent chances of brain hemorrhage which is scary enough to pick. Also, the depth electrodes can help the surgeons only by giving the information of limited area.   The risk factor hinders the depth electrodes market growth.

Depth Electrodes Market Regional Insights

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"North America Dominates The Market Due To The Adoption Of The Latest Technology In The Medical Field "

North America region is the dominant in depth electrodes market share in the global market. This is because of various factors. One of the primary factors is that this region shows an inclination towards adopting latest technologies for the treatment of the rising number of patients suffering from several chronic diseases. There is also an increase in the population in the countries of this region and they do demand better and advanced treatment methodologies.

Key Industry Players

"Key Players Focus On Increased Expenditure Of People On Health "

Consumers are the kingpin in the market; therefore, the change in their perspectives and priorities matters the most for any product or service market. In different regions, producers have witnessed rapid-growing markets owing to increasing will of people to spend more on their health. They is comparatively less competition in the market and this helps the key players to attract the people.    

List of Market Players Profiled

• Alliance Biomedica
• Ad-Tech Medical
• PMT Corporation
• FHC, Inc
• DIXI Medical
• Integra LifeScience
• GVB Gelimed
• Intamed
• HKHS
• Cadwell

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.