Market Overview:
Microelectrodes are devices that are used to measure the electrical activity of the brain, heart and other organs. They are also used in scientific research to study the electrical signals that control movement, sensation, thought and other processes. The global microelectrodes market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. Some of the factors driving this growth include rising demand for minimally invasive procedures, increasing prevalence of neurological disorders and growing investments in medical device research & development (R&D). The contact points 8-12 segment is expected to be the fastest growing segment during the forecast period owing to its ability to provide high resolution recordings from small areas. The contact points blow 8 segment is projected to account for a major share ofthe global microelectrodes market due its low cost and easy availability.
Product Definition:
A microelectrode is a device that can be inserted into tissue to measure the electrical activity of individual cells. The importance of microelectrodes lies in their ability to provide detailed information about the electrical activity of small groups of cells. This information can be used to study how different drugs or treatments affect individual cells, as well as how diseases develop and spread.
Contact Points 8 - 12:
Microelectrodes are points where electrical signals are received and transmitted by the body tissues. There are two types of microelectrodes, contact points 8 - 12 and non-contact points 16 - 20. Contact point 8 - 12 has a larger market because they have more applications in medical devices such as implantable pulse generators (IPG), pacemakers, defibrillators, neurostimulators etc.
Contact Points blow 8:
Microelectrodes are used for detecting and recording the electrical activity of brain during experiments. It is a thin wire that is inserted into the brain through a needle. The most commonly used microelectrode are hollow glass needles, which have fine point contacts at one end and an insulated handle at the other end.
Application Insights:
Medical application dominated the global microelectrodes market in terms of revenue share in 2017. The medical segment is expected to witness significant growth over the forecast period owing to increasing product adoption for various medical applications such as EKG, ECG, TEG, MEG and MRI.
Microelectrodes are used for scientific research on brain activity and neural networks. This has led to an increased demand for these devices across academic institutions globally which is anticipated to fuel market growth over the coming years.
Increasing R&D activities pertaining towards deep learning algorithms.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and increased funding for research activities. The region is expected to maintain its dominance over the forecast period due to increasing R&D spending by major companies. Asia Pacific is expected to grow at a lucrative rate during the forecast period, which can be attributed to increasing medical tourism in emerging economies such as India and China.
The European market was valued at USD X million in 2017 and is anticipated to witness significant growth over the projected period owing towards growing neurosurgery procedures across various countries such as Germany, France, Italy etc., which will drive demand for microelectrodes used for monitoring brain activity during surgery procedure (neurosurgical monitoring). Moreover rising geriatric population coupled with high prevalence of neurological disorders are also driving factors responsible for regional growth.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Microelectrodes are an important part of minimally invasive surgical procedures as they help in the accurate localization of tissues or organs for surgical intervention.
- Growing demand for neuroprosthetics: The global market for neuroprosthetics is expected to grow at a CAGR of 9% from 2016 to 2021. This growth can be attributed to the increasing prevalence of neurological disorders such as Parkinson’s disease, cerebral palsy, and spinal cord injuries across the world. Neuroprosthetic devices help in restoring lost function in patients with these disorders and hence are becoming increasingly popular among healthcare providers worldwide. Microelectrodes play an important role in the functioning of neuroprosthetic devices by providing electrical stimulation directly to nerve cells in the brain or spinal cord.
Scope Of The Report
Report Attributes
Report Details
Report Title
Microelectrodes Market Research Report
By Type
Contact Points 8 - 12, Contact Points blow 8, Contact Points above 12
By Application
Medical, Scientific Research
By Companies
Ad-Tech Medical (USA), Integra Life (USA), DIXI Medical (France), PMT Corporation (USA), HKHS (China)
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Microelectrodes Market Report Segments:
The global Microelectrodes market is segmented on the basis of:
Types
Contact Points 8 - 12, Contact Points blow 8, Contact Points above 12
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
Medical, Scientific Research
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:
- Ad-Tech Medical (USA)
- Integra Life (USA)
- DIXI Medical (France)
- PMT Corporation (USA)
- HKHS (China)
Highlights of The Microelectrodes 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:
- Contact Points 8 - 12
- Contact Points blow 8
- Contact Points above 12
- By Application:
- Medical
- Scientific Research
- 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 Microelectrodes 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Microelectrodes are small, thin needles that are inserted into the body to measure electrical activity.
Some of the major companies in the microelectrodes market are Ad-Tech Medical (USA), Integra Life (USA), DIXI Medical (France), PMT Corporation (USA), HKHS (China).
The microelectrodes market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microelectrodes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microelectrodes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microelectrodes Market - Supply Chain
4.5. Global Microelectrodes Market Forecast
4.5.1. Microelectrodes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microelectrodes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microelectrodes Market Absolute $ Opportunity
5. Global Microelectrodes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microelectrodes Market Size and Volume Forecast by Type
5.3.1. Contact Points 8 - 12
5.3.2. Contact Points blow 8
5.3.3. Contact Points above 12
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microelectrodes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microelectrodes Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Scientific Research
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microelectrodes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microelectrodes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microelectrodes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microelectrodes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microelectrodes Demand Share Forecast, 2019-2026
9. North America Microelectrodes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microelectrodes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microelectrodes Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Scientific Research
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microelectrodes Market Size and Volume Forecast by Type
9.7.1. Contact Points 8 - 12
9.7.2. Contact Points blow 8
9.7.3. Contact Points above 12
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microelectrodes Demand Share Forecast, 2019-2026
10. Latin America Microelectrodes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microelectrodes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microelectrodes Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Scientific Research
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microelectrodes Market Size and Volume Forecast by Type
10.7.1. Contact Points 8 - 12
10.7.2. Contact Points blow 8
10.7.3. Contact Points above 12
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microelectrodes Demand Share Forecast, 2019-2026
11. Europe Microelectrodes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microelectrodes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microelectrodes Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Scientific Research
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microelectrodes Market Size and Volume Forecast by Type
11.7.1. Contact Points 8 - 12
11.7.2. Contact Points blow 8
11.7.3. Contact Points above 12
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microelectrodes Demand Share, 2019-2026
12. Asia Pacific Microelectrodes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microelectrodes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microelectrodes Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Scientific Research
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microelectrodes Market Size and Volume Forecast by Type
12.7.1. Contact Points 8 - 12
12.7.2. Contact Points blow 8
12.7.3. Contact Points above 12
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microelectrodes Demand Share, 2019-2026
13. Middle East & Africa Microelectrodes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microelectrodes Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microelectrodes Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Scientific Research
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microelectrodes Market Size and Volume Forecast by Type
13.7.1. Contact Points 8 - 12
13.7.2. Contact Points blow 8
13.7.3. Contact Points above 12
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microelectrodes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microelectrodes Market: Market Share Analysis
14.2. Microelectrodes Distributors and Customers
14.3. Microelectrodes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ad-Tech Medical (USA)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Integra Life (USA)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DIXI Medical (France)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PMT Corporation (USA)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HKHS (China)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
