Seizure is a medical condition in which the normal nerve cell activities in the brain is disturbed. The basic treatments include the application of sedatives, anticonvulsant, barbiturates or combination therapy with anti-epileptic drugs. The causes pertaining to the seizures include metabolic activities, structural changes, side-effect of current medication, infections, and exposure to stress. The commonly utilized seizure detection devices include EEG machine, implanted advisory system devices, electromyography machine, Magnetic resonance imaging (MRI) device, Computed tomography device and other novel devices available in the market. The seizures if untreated gives rise to epileptic conditions causing nausea, vomiting and loss of coordination. The seizure detection devices help in diagnosis, monitoring the onset as well as some devices are capable of integrated dose delivery mechanism. The conventional EEG devices are becoming so compact to be used as sensors, watches and headphones as well as implantable for detecting and monitoring the onset of the condition preventing from the fatal conditions.
Seizure Detection Devices Market: Drivers and Restraints
The increasing awareness of mental health and increasing target patient population is one of the most important factors, which will favor the growth of seizure detection devices market. Increasing population with severe pediatric ailments coupled with encephalitis is also expected to increase the growth of seizure detection devices market. Technological advancement leading to the development of new and advanced portable products, is expected to boost the growth of seizure detection devices market. There are new and advanced seizure detection devices which are being introduced in the market and can increase the growth of the market at a significant rate owing to the feature of remote continuous monitoring. Other factors such as R&D spending, M&As, contract manufacturing of devices, increasing number of fast track approvals from United States FDA for devices and more availability of conventional EEGs in hospitals in emerging markets is expected to boost the growth in various regions for seizure detection devices market.
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Apart from drivers, there are a few factors, which can decrease the growth of seizure detection devices market. Factors such as product recall and stringent regulations in some emerging market pertaining to the price capping can hinder the growth of seizure detection devices market.
Seizure Detection Devices Market: Overview
Based on the product type, the seizure detection devices have been segmented into conventional EEG devices and wearable EEG devices. Conventional EEG seizure detection devices are expected to hold the maximum revenue share in the seizure detection devices market. Based on the technology, vagus nerve stimulation based seizure detection devices are attracting more funding from investors to capitalize continuous monitoring applications. Based on end user, the seizure detection devices market has been segmented into hospitals, specialty clinics, pharmacies and others. Hospitals are expected to hold the maximum revenue share in the seizure detection devices market due to increasing availability in the emerging markets.
Seizure Detection Devices Market: Regional Outlook
Geographically, the global seizure detection devices market is segmented into viz. North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA. North America is expected to be a dominant market in the global seizure detection devices market because of the presence of well-established healthcare infrastructure and availability of advanced healthcare facilities. The Asia Pacific is expected to hold a significant growth rate of seizure detection devices market. The seizure detection devices market in the Asia Pacific is expected to grow at a significant CAGR due to the presence of a large population with prevalence. Europe is also expected to hold a large revenue share in the seizure detection devices market owing to the increasing adoption of treatments and increasing healthcare awareness.
Seizure Detection Devices Market: Key Players
There are few key players operating in the seizure detection devices market including Compumedics, Koninklijke Philips N.V., Medtronic PLC, Natus Medical Incorporated., Nihon Kohden Corporation., LivaNova Plc., St. Jude Medical, Inc., Boston Scientific Corporation, Empatica Inc., Emotiv and NeuroPace, Inc.
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