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2022
Epilepsy Devices Market

Epilepsy Devices Market by Product Type (Wearable Devices, Conventional Devices, and Implantable Devices), Technology (Vagus Nerve Stimulation (VNS), Responsive Neurostimulation, Deep Brain Stimulation, and Accelerometry), Epilepsy Detection & Prediction Devices (Electroencephalogram (EEG), Intracranial EEG, Surface Electromyography (sEMG), Electrodermal Activity (EDA), Electrocardiography (EKG), Video Detection Systems, Implanted Advisory Systems, and Others), and End User (Hospitals, Neurology Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

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Epilepsy is a sudden and uncontrolled electrical disturbance that affects the brain. It causes changes in the level of feelings, consciousness, or movements, and behavior. Many types of epilepsy are prevalent across the globe based on varying severity. Types of epilepsy are dependent on where and how they begin in the brain. Nearly all epilepsy lasts from 30 seconds to 2 minutes.

However, medical help needs to be called in when epilepsy stays for more than five minutes. Epilepsy can follow illnesses such as a closed head injury, meningitis, or a stroke. The major cause of epilepsy is not known. Some of the most used epilepsy detection devices consist of computed tomography devices, implanted advisory system devices, electromyography machines, magnetic resonance imaging (MRI) devices, and EEG machines. If epilepsy is not treated then it often leads to loss of coordination, vomiting, and nausea.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

 Segments Covered

  Product Type, Application, End User, and Region

  Companies Covered

Boston Scientific Corporation, Koninklijke Philips N.V., Nihon Kohden Corporation, St. Jude Medical, Inc., Compumedics Ltd., Natus Medical Incorporated, Medpage Ltd., Cerbomed GmbH, Liva Nova, MC10, Empatica Inc., Neuropace Inc., Medtronic Plc.

 

 

COVID-19 Impact analysis

Increase has been witnessed in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. Increase in need for medical supplies, both from healthcare professionals and civil population for precautionary measures has notably contributes toward the market growth, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the epilepsy devices market.

Top Impacting Factors

  • Surge in geriatric population is expected to increase the growth rate of the global epilepsy devices market.
  • Rise in research & development activities concerning the use of wearable epilepsy monitoring devices is likely to boost the market growth during the forecast years.
  • The growth of the epilepsy market is further driven by increase in cases of brain injuries due to road accidents, a large no of the patient suffering from neurological disorders such as dementia, epilepsy, Parkinson’s disease, Huntington’s disease, headache disorders, multiple sclerosis as well as rise in research funding in epilepsy. 
  • Tissue damage due to surgery and brain cancer also supports the growth of the epilepsy devices market.
  • Moreover, various awareness programs organized by organizations will offer lucrative potential opportunities for the market.
  • However, lack of knowledge for proper handling of the device as well as side effects and complications associated with this method hinder the market growth.

Market Trends

New product launches to flourish the market

In June 2018, Compumedics Limited signed a $3.6 million three-year distribution agreement with Japan-based Fukuda Denshi Co., Ltd. for the distribution of its neurodiagnostic and monitoring devices. The distribution agreement strengthened the company’s market presence in promising markets in Asia.

In 2018, Food and Drug Administration (FDA) cleared Embrace by Empatica for use in adults. Embrace is a wearable device for monitoring epilepsy, and it ensures that the patient receives care immediately after an epilepsy attack. In addition, the device can send an alert to the caretaker of a patient and the patient himself or herself when it identifies a pattern that could cause epilepsy.

In May 2020, Natus Medical Incorporated (U.S.) formed a partnership with Holberg EEG AS (Norway) to develop and distribute the AutoSCORE algorithm, which assists in diagnosing epilepsy. The collaborative agreements by leading players to maintain a global footprint is anticipated to grow the rate of growth for epilepsy devices market.

Surge in usage in epilepsy due to neurological disorders.

According to the World Health Organization (WHO), epilepsy is responsible for a significant proportion of the world’s disease burden. More than 50 million people are affected by this disorder globally. The general population experiencing active epilepsy at a given time is between 4 and 10 per 1,000 people. However, some studies conducted in low to middle-income countries suggest that the percentage is higher, between 7 and 15 per 1,000 people, creating it a highly common neurological disease. This, in turn, drives the growth of the global epilepsy monitoring devices market.

Key Benefits of the Report

  • This study presents the analytical depiction of the epilepsy devices along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Epilepsy Devices Report

  • Who are the leading market players active in the epilepsy devices market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "epilepsy devices"?
  • What is "epilepsy devices" market prediction in the future?
  • Who are the leading global players in the "epilepsy devices" market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the "epilepsy devices" market report?

Key Market Segments

Segments Sub-segments
Product Type
  • Wearable Devices
  • Conventional Devices
  • Implantable Devices
Technology
  • Vagus Nerve Stimulation (VNS)
  • Responsive Neurostimulation
  • Deep Brain Stimulation
  • Accelerometry
Epilepsy Detection & Prediction Devices
  • Electroencephalogram (EEG)
  • Intracranial EEG
  • Surface electromyography (sEMG)
  • Electrodermal Activity (EDA)
  • ELECTROCARDIOGRAPHY (EKG)
  • Video Detection Systems
  • Implanted Advisory Systems
  • Others
End User
  • Hospitals
  • Neurology Centers
  • Others
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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