At 6.18% CAGR, SEEG Depth Electrodes Market Size Set To Register 20.6 Million USD By 2028

Market Overview:

The Global SEEG Depth Electrodes Market was valued at USD 20.6 million in 2021 and is expected to reach USD 29.5 million by the year 2028, at a CAGR of 6.18%

Stereo electroencephalography (SEEG) is an invasive surgical procedure used to pinpoint the areas of the brain that cause epileptic seizures. To pinpoint the source of the seizures, doctors implant electrodes in specific areas of the brain that are monitored. SEEG electrodes can be better localized, resulting in surgical resection and a positive seizure outcome. The technique relies on the stereotactic placement of several depth electrodes to capture cortical and subcortical structures without requiring major craniotomies. Although SEEG is based on stereotactic principles, the term "stereo" refers to the three-dimensional nature of the SEEG record.

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Market Dynamics:

Driver:
The rising prevalence of chronic and neurological diseases is a key driver of the SEEG Depth Electrode market. In the world, one of the major concerns among healthcare providers is the prevention and treatment of neurological diseases. According to the World Health Organization report on 'Neurological Disorders Public Health Challenges' published in 2020, there are approximately 1000 disorders associated with the nervous system, such as Alzheimer's and other dementias, migraine, epilepsy, tetanus, meningitis, Parkinson's disease, multiple sclerosis, poliomyelitis, and others. As a result, the SEEG Depth Electrode market offers a cutting-edge approach to diagnosing and treating such illnesses, as well as making an impact in the healthcare sector.

Opportunities:
Nearly 3,000,000 people in the United States suffer from epilepsy, which costs $15.5 billion per year. Furthermore, the Parkinson's Disease Foundation estimates that there are approximately 1,000,000 Parkinson's disease patients in the United States, with an additional 60,000 patients diagnosed each year. Because of the growing number of chronic diseases, the government felt compelled to promote new treatments that are more effective and cause less pain for patients. Companies can use technologically advanced medical equipment in the treatment of neural-linked diseases with new-generation neuro treatment.

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Segmentation Analysis of SEEG Depth Electrodes Market:

Depending on the number of contact points:
The above 12 segments are forecasted to record the highest share of the SEEG depth electrodes market. The number of electrodes depends on the age of the patient and the condition of the patient whether he or she can describe the different parts of the seizure.

Depending on people:
The adult segment is anticipated to dominate the SEEG depth electrodes market over the projected period. SEEG electrodes are mostly used on adults mainly due to adults can describe their auras and can cooperate during electrical stimulations, for instance, by describing the different parts of the seizure.

Depending on the application:
The pre-surgical diagnosis segment is expected to lead the SEEG depth electrodes market in the analysis period. Stereo electroencephalography (SEEG) is a diagnostic method for patients with refractory focal epilepsies that are performed to localize and define the epileptogenic zone.

By Contact Points:
• Below 8
• Between 8-12
• Above 12

By People:
• Adult
• Child

By Application:
• Pre-Surgical Diagnosis
• Scientific Research
• Others

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Regional Analysis of SEEG Depth Electrodes Market:
The North American region is forecasted to have the highest share of the SEEG depth electrodes market during the forecasted timeframe. The United States is the main headquarters where most of the prominent companies involved in the manufacturing of SEEG electrodes are based.

By Region:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered in Seeg Depth Electrodes Market:
• Ad-Tech Medical Instrument Corporation (US)
• DIXI Medical (France)
• PMT Corporation (US)
• NeuroOne (US)
• Integra LifeSciences (US)
• Natus Medical Incorporated (US)
• NeuroPace Inc. (US) and other major players.

Key Industry Developments In SEEG Depth Electrodes Market:
• In July 2021, Adept Neuro, a joint venture between DIXI Medical and the MedTech start-up Aleva Neurotherapeutics, has developed a new generation of deep brain surgical electrodes for epilepsy treatment. DIXI Medical is going to invest its second tranche in Adept Neuro well ahead of the previously scheduled date owing to the rapid progress of the project.
• In March 2021, NeuroPace, Inc., announced that it has received Breakthrough Device Designation status from the U.S. Food and Drug Administration (FDA) to explore the possibility of using its RNS® System to treat idiopathic generalized epilepsy (IGE), which accounts for up to one-third of all epilepsies and is thought to have a significant hereditary foundation.

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The Analysis Objectives of the report:
• To identify the main subsegments of the SEEG Depth Electrodes market to comprehend its structure.
• Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main worldwide SEEG Depth Electrodes manufacturers for the next few years.
• To examine the SEEG Depth Electrodes in terms of specific expected growth, career outlook, and market share contribution.
• Analyze commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.
• To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.

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