Market Overview:
The global bipolar stereotrodes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electrophysiology applications and rising prevalence of neurological disorders. Based on type, the bipolar stereotrodes market can be segmented into tungsten type and platinum/iridium type. The tungsten type segment is expected to account for a larger share of the global bipolar stereotrodes market in 2018 owing to its low cost and high durability as compared to other types of bipolar stereotrodes available in the market. Based on application, the bipolar stereotrodes market can be divided into electrophysiology and other applications such as neurosurgery, radiation therapy, etc. Electrophysiology is currently one of the most promising application areas for bipolar stereotrodes owing to its growing demand for minimally invasive procedures.
Product Definition:
Bipolar stereotrodes are a type of electrode designed for use in deep brain stimulation. They consist of two metal contacts, one on each side of the tissue to be stimulated. This design allows for more precise control over the stimulation than traditional monopolar electrodes.
Tungsten Type:
Tungsten type is a metal that belongs to the family of metals, transition metals. Tungsten has three main forms which are tungsten-oxide (WO3), tungsten trioxide (W3O9) and tungstic acid (H2WTUN). TUNGSTEN OXIDE is the purest form of the metal and it's used in semiconductor devices as an insulation material.
Platinum/Iridium Type:
The platinum/iridium type is used in the bipolar stereotrode market. The major application of this device is to measure the electric field strength and its direction with high accuracy. It can also be used for measuring other fields such as magnetic, optical or ultrasound fields with high accuracy and precision.
This device has a wide range of applications in various industries such as medical, chemical, oil & gas etc., which are going to boost the demand over the forecast period.
Application Insights:
Electrophysiology application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to factors such as advanced equipment, skilled personnel and high-quality products used in EKG tests. Furthermore, increasing demand for cardiac monitors & devices owing to rising geriatric population is further expected to drive growth during the study period.
The other application segment includes applications such as optical imaging, nuclear medicine and others. The growing adoption of these devices across various end-use industries including healthcare are expected to have a positive impact on market growth over the forecast period. Other applications include ultrasound biomicroscopy which uses sound waves for visualizing tissue structures; this device also known as transducer uses piezoelectricity for generating an electric signal that varies with respect double layer of skin (DLS) vibrations or acoustic pressure applied on it (Barrett et al., 2016).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players and well-established healthcare infrastructure. Moreover, increasing research & development activities by companies is one of the key factors contributing to market growth. For instance, Medtronic has developed a new technology called magnetocardiography that is used for diagnostic and therapeutic purposes. The company has filed more than 200 patents related to this technology since its inception in 1999.
Asia Pacific region is expected to grow at a lucrative rate over the forecast period due to rising disposable income coupled with improving healthcare facilities & infrastructure in emerging countries such as China, India and Japan (CIJ). Furthermore, growing medical tourism industry will also contribute towards increased demand for bipolar stereotrodes over the forecast period.
Growth Factors:
- Increasing prevalence of neurological disorders such as Parkinson's disease, Alzheimer's disease, and epilepsy is expected to drive the demand for bipolar stereotrodes over the forecast period.
- Growing geriatric population is also anticipated to boost the market growth owing to increasing incidence of neurodegenerative diseases in this population.
- Technological advancements in bipolar stereotrodes are expected to provide new opportunities for market growth over the forecast period.
- Rising awareness about benefits of using bipolar stereotrodes is projected to propel demand for these devices over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bipolar Stereotrodes Market Research Report
By Type
Tungsten Type, Platinum/Iridium Type
By Application
Electrophysiology, Other
By Companies
Microprobes for Life Science, World Precision Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Bipolar Stereotrodes Market Report Segments:
The global Bipolar Stereotrodes market is segmented on the basis of:
Types
Tungsten Type, Platinum/Iridium Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electrophysiology, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microprobes for Life Science
- World Precision Instruments
Highlights of The Bipolar Stereotrodes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tungsten Type
- Platinum/Iridium Type
- By Application:
- Electrophysiology
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bipolar Stereotrodes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bipolar stereotrode is a medical device that helps diagnose bipolar disorder. It consists of two metal plates that are placed on either side of the head, just above the ears. The device sends sound waves through your skull and into your brain. This allows doctors to see whether you have abnormal patterns of brain activity when you're in different moods or states of mind.
Some of the major companies in the bipolar stereotrodes market are Microprobes for Life Science, World Precision Instruments.
The bipolar stereotrodes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bipolar Stereotrodes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bipolar Stereotrodes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bipolar Stereotrodes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bipolar Stereotrodes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bipolar Stereotrodes Market Size & Forecast, 2020-2028
4.5.1 Bipolar Stereotrodes Market Size and Y-o-Y Growth
4.5.2 Bipolar Stereotrodes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tungsten Type
5.2.2 Platinum/Iridium Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electrophysiology
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bipolar Stereotrodes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bipolar Stereotrodes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tungsten Type
9.6.2 Platinum/Iridium Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electrophysiology
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tungsten Type
10.6.2 Platinum/Iridium Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electrophysiology
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tungsten Type
11.6.2 Platinum/Iridium Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electrophysiology
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tungsten Type
12.6.2 Platinum/Iridium Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electrophysiology
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tungsten Type
13.6.2 Platinum/Iridium Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electrophysiology
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bipolar Stereotrodes Market: Competitive Dashboard
14.2 Global Bipolar Stereotrodes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microprobes for Life Science
14.3.2 World Precision Instruments
