The Global Neuroprosthetics Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Neuroprosthetics Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide.
Neuroprosthetics Market Research
Methodology overview consists of primary and secondary research, company share
analysis, model (including Demographic data, Macroeconomic indicators, and
Industry indicators i.e. Expenditure, infrastructure, sector growth, and
facilities, etc), Research Limitations, and Revenue Based Modelling.
Comprehensive analysis of Neuroprosthetics Market based on current & future
analysis depending on historic data also featured in this Report.
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Industry Insights
The market for neuroprosthetics in 2015 was
estimated at USD 4.2 billion globally. This can be attributed to high
prevalence rate of disorders such as severe depression, Alzheimer’s,
muscle/neuromuscular junction disorder, ophthalmic, auditory, epilepsy, and
Parkinson’s which will drive the growth.
Also, the increasing investments in R&D for new
products and device innovation & development for effective treatment plans
to be used for neurological diseases are anticipated to provide significant
boost to the overall demand. The increasing preference of self-charging devices,
which uses bioenergy is expected to propel demand for brain implants throughout
the forecast period. Furthermore, rise in aging population susceptible to
neurological diseases is presumed to be a high impact factor for increasing
neural implants demand throughout the forecast period.
Application Insights
Traumatic brain injuries, spinal cord injuries,
Parkinson’s disease, and Alzheimer’s can be treated with the use of
neuroprosthetics. The neuroprosthetic devices can be broadly classified into
cognitive & physiological disorders, and motor neuron abnormalities based
on application. The largest application segment was found to be motor neuron
disorders in 2015 owing to the increasing adoption in epilepsy and Parkinson’s
along with high prevalence of the aforementioned thereby leading to a widened
consumer base.
The fastest growing segment is anticipated to be
cognitive disorders as a consequence of rising prevalence of severe depression
and Alzheimer’s. Introduction of various technologically advanced stimulation devices
which can stimulate motor controls and calculate limb trajectory to be used in
paralysis treatment, is expected to further drive the market during the
forecast period.
Regional Insights
The largest share of over 50.0% in terms of revenue
was held by North America in 2015. The dominancy in terms of revenue can be
attributed to various factors such as, private and government funding as well
as supportive healthcare infrastructure. Europe is anticipated to witness an
upward shift as a consequence of advent of technologically advanced products
for patients with impaired hearing and increasing initiatives by the
government.
The fastest growing region is predicted to be Asia
Pacific owing to the untapped opportunities present in this emerging region.
The shifting focus towards overall cost containment in manufacturing of
implants and high awareness amongst patients are predicted to drive the growth
prospects. Moreover, increasing investments by the key players for development
of new manufacturing facilities is expected to provide high growth potential
over the coming years for neural implants.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Neuroprosthetics: Market Variables, Trends & Scope
Chapter
4 Neuroprosthetics: Product Estimates & Trend Analysis
Chapter
5 Neuroprosthetics: Application Estimates & Trend Analysis
Chapter
6 Neuroprosthetics: End-use Estimates & Trend Analysis
Chapter
7 Neuroprosthetics: Industrial End-use Estimates & Trend Analysis
Chapter
8 Neuroprosthetics: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Neuroprosthetics: Manufacturers Company Profiles
Top Key Players of Global Neuroprosthetics
Market :
BrainGate, Sonova, MED-EL, Nervo Corp., Retina
Implant AG, St. Jude Medical Inc., and Boston Scientific Corporation, NeuroPace
Inc, NDI Medical LLC, Medtronic Inc., Cyberonics Inc., and Cochlear Limited.
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