Global Micro Electrode Array Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01246713

Publication Date:

January 4, 2024

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Medical Devices [2]

Pharma & Healthcare [3]

Description:

The global Micro Electrode Array market size was valued at US$ 15 million in 2023. With growing demand in downstream market, the Micro Electrode Array is forecast to a readjusted size of US$ 34 million by 2030 with a CAGR of 12.7% during review period.
The research report highlights the growth potential of the global Micro Electrode Array market. Micro Electrode Array are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Micro Electrode Array. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Micro Electrode Array market.
Microelectrode arrays (MEAs) are devices that contain multiple (tens to thousands) microelectrodes through which neural signals are obtained or delivered, essentially serving as neural interfaces that connect neurons to electronic circuitry. There are two general classes of MEAs: implantable MEAs, used in vivo, and non-implantable MEAs, used in vitro.
Micro Electrode Array can be divided into three types: Classical MEA, Multiwell-MEA and CMOS-MEA. Among them, Multiwell-MEA occupies the main share, and revenue in 2019 accounted for 49.65% of the market. Classical MEA and CMOS-MEA accounted for 25.41% and 24.94%, respectively.
The consumption of Micro Electrode Array is mainly concentrated in North America and Europe, and the two regions are accounting for 32.72% and 37.95% of total market in 2019, respectively.
Key Features:
The report on Micro Electrode Array market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Micro Electrode Array market. It may include historical data, market segmentation by Type (e.g., Classical MEA, Multiwell-MEA), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Micro Electrode Array market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Micro Electrode Array market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Micro Electrode Array industry. This include advancements in Micro Electrode Array technology, Micro Electrode Array new entrants, Micro Electrode Array new investment, and other innovations that are shaping the future of Micro Electrode Array.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Micro Electrode Array market. It includes factors influencing customer ' purchasing decisions, preferences for Micro Electrode Array product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Micro Electrode Array market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Micro Electrode Array market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Micro Electrode Array market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Micro Electrode Array industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Micro Electrode Array market.
Market Segmentation:
Micro Electrode Array market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Classical MEA
Multiwell-MEA
CMOS-MEA
Segmentation by application
Cardiomyocytes
Nerve
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MaxWell Biosystems
Axion Biosystems
3Brain
Multi Channel Systems MCS GmbH
Med64 (former AlphaMED)

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Micro Electrode Array Market Size 2019-2030
2.1.2 Micro Electrode Array Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Micro Electrode Array Segment by Type
2.2.1 Classical MEA
2.2.2 Multiwell-MEA
2.2.3 CMOS-MEA
2.3 Micro Electrode Array Market Size by Type
2.3.1 Micro Electrode Array Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Micro Electrode Array Market Size Market Share by Type (2019-2024)
2.4 Micro Electrode Array Segment by Application
2.4.1 Cardiomyocytes
2.4.2 Nerve
2.4.3 Others
2.5 Micro Electrode Array Market Size by Application
2.5.1 Micro Electrode Array Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Micro Electrode Array Market Size Market Share by Application (2019-2024)
3 Micro Electrode Array Market Size by Player
3.1 Micro Electrode Array Market Size Market Share by Players
3.1.1 Global Micro Electrode Array Revenue by Players (2019-2024)
3.1.2 Global Micro Electrode Array Revenue Market Share by Players (2019-2024)
3.2 Global Micro Electrode Array Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Micro Electrode Array by Regions
4.1 Micro Electrode Array Market Size by Regions (2019-2024)
4.2 Americas Micro Electrode Array Market Size Growth (2019-2024)
4.3 APAC Micro Electrode Array Market Size Growth (2019-2024)
4.4 Europe Micro Electrode Array Market Size Growth (2019-2024)
4.5 Middle East & Africa Micro Electrode Array Market Size Growth (2019-2024)
5 Americas
5.1 Americas Micro Electrode Array Market Size by Country (2019-2024)
5.2 Americas Micro Electrode Array Market Size by Type (2019-2024)
5.3 Americas Micro Electrode Array Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Micro Electrode Array Market Size by Region (2019-2024)
6.2 APAC Micro Electrode Array Market Size by Type (2019-2024)
6.3 APAC Micro Electrode Array Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Micro Electrode Array by Country (2019-2024)
7.2 Europe Micro Electrode Array Market Size by Type (2019-2024)
7.3 Europe Micro Electrode Array Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Micro Electrode Array by Region (2019-2024)
8.2 Middle East & Africa Micro Electrode Array Market Size by Type (2019-2024)
8.3 Middle East & Africa Micro Electrode Array Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Micro Electrode Array Market Forecast
10.1 Global Micro Electrode Array Forecast by Regions (2025-2030)
10.1.1 Global Micro Electrode Array Forecast by Regions (2025-2030)
10.1.2 Americas Micro Electrode Array Forecast
10.1.3 APAC Micro Electrode Array Forecast
10.1.4 Europe Micro Electrode Array Forecast
10.1.5 Middle East & Africa Micro Electrode Array Forecast
10.2 Americas Micro Electrode Array Forecast by Country (2025-2030)
10.2.1 United States Micro Electrode Array Market Forecast
10.2.2 Canada Micro Electrode Array Market Forecast
10.2.3 Mexico Micro Electrode Array Market Forecast
10.2.4 Brazil Micro Electrode Array Market Forecast
10.3 APAC Micro Electrode Array Forecast by Region (2025-2030)
10.3.1 China Micro Electrode Array Market Forecast
10.3.2 Japan Micro Electrode Array Market Forecast
10.3.3 Korea Micro Electrode Array Market Forecast
10.3.4 Southeast Asia Micro Electrode Array Market Forecast
10.3.5 India Micro Electrode Array Market Forecast
10.3.6 Australia Micro Electrode Array Market Forecast
10.4 Europe Micro Electrode Array Forecast by Country (2025-2030)
10.4.1 Germany Micro Electrode Array Market Forecast
10.4.2 France Micro Electrode Array Market Forecast
10.4.3 UK Micro Electrode Array Market Forecast
10.4.4 Italy Micro Electrode Array Market Forecast
10.4.5 Russia Micro Electrode Array Market Forecast
10.5 Middle East & Africa Micro Electrode Array Forecast by Region (2025-2030)
10.5.1 Egypt Micro Electrode Array Market Forecast
10.5.2 South Africa Micro Electrode Array Market Forecast
10.5.3 Israel Micro Electrode Array Market Forecast
10.5.4 Turkey Micro Electrode Array Market Forecast
10.5.5 GCC Countries Micro Electrode Array Market Forecast
10.6 Global Micro Electrode Array Forecast by Type (2025-2030)
10.7 Global Micro Electrode Array Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 MaxWell Biosystems
11.1.1 MaxWell Biosystems Company Information
11.1.2 MaxWell Biosystems Micro Electrode Array Product Offered
11.1.3 MaxWell Biosystems Micro Electrode Array Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 MaxWell Biosystems Main Business Overview
11.1.5 MaxWell Biosystems Latest Developments
11.2 Axion Biosystems
11.2.1 Axion Biosystems Company Information
11.2.2 Axion Biosystems Micro Electrode Array Product Offered
11.2.3 Axion Biosystems Micro Electrode Array Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Axion Biosystems Main Business Overview
11.2.5 Axion Biosystems Latest Developments
11.3 3Brain
11.3.1 3Brain Company Information
11.3.2 3Brain Micro Electrode Array Product Offered
11.3.3 3Brain Micro Electrode Array Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 3Brain Main Business Overview
11.3.5 3Brain Latest Developments
11.4 Multi Channel Systems MCS GmbH
11.4.1 Multi Channel Systems MCS GmbH Company Information
11.4.2 Multi Channel Systems MCS GmbH Micro Electrode Array Product Offered
11.4.3 Multi Channel Systems MCS GmbH Micro Electrode Array Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Multi Channel Systems MCS GmbH Main Business Overview
11.4.5 Multi Channel Systems MCS GmbH Latest Developments
11.5 Med64 (former AlphaMED)
11.5.1 Med64 (former AlphaMED) Company Information
11.5.2 Med64 (former AlphaMED) Micro Electrode Array Product Offered
11.5.3 Med64 (former AlphaMED) Micro Electrode Array Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Med64 (former AlphaMED) Main Business Overview
11.5.5 Med64 (former AlphaMED) Latest Developments
12 Research Findings and Conclusion

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