Market Snapshot:
Brain-computer Interface (BCI) is becoming reliable pieces in technology which is helpful in changing the lives of neurodegenerative disorders patients. Of late, it has progressively achieved several monumental milestones and enables a direct communications pathway between the brain and the object to be controlled. In today's’ world approximately 40 million people suffering from Alzheimer, Parkinson’s and epilepsy in the United States are alone having age 65 and above and are anticipated to become more than double in 2050.
Highlights from Brain Computer Interface Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 12.1% |
The key Players profiled in the report are Advanced Brain Monitoring, Inc. (United States), Covidien, PLC (Ireland), Compumedics, Ltd.(Australia), Natus Medical, Inc.(United States), Nihon Kohden Corporation (Japan), Integra Life Sciences Corporation (United States), Edwards Lifesciences (United States), BrainCo (United States), Cadwell Laboratories (United States), Cortech Solutions (United States) and Neuralink (United States). Additionally, other players that are part of this comprehensive study are NeuroSky (United States), Emotiv (United States), G.Tec Medical Engineering Gmbh (United States), Openbci (United States) and Others.
Geographic Breakdown and Segment Analysis
The Global Brain Computer Interface market presents a comprehensive analysis of the Brain Computer Interface market by product type (Invasive Brain-computer Interface, Non Invasive Brain-computer Interface, Partially Invasive Brain-computer Interface and Others (EEG Based BCI and MEG and MRI)), by end-user/application (Healthcare, Disabilities Restoration, Brain Function Repair, Communication & Control, Entertainment & Gaming and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Brain Computer Interface industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Brain Computer Interface market
Analyst at AMA have segmented the market study of Global Brain Computer Interface market by Type, Application and Region.
Influencing Trend:
Advent of Technological Developments in the Field of Computation and Human Sensing and Rising Focus on Utilizing Brain Computer Interface to Control Internet of Things (IoT) Devices, Smart Home Applications
Market Growth Drivers:
Increasing Number of Geriatric Population Base Across the World, The Continuous Growth of Entertainment, Gaming, Communication, and Control System and Upsurging Use of Sensor based Technologies and Huge Investment in Healthcare Infrastructure in Developing Economies
Challenges:
Lack of Awareness and Poor Information Transfer Rate of Brain Computer Interface
Restraints:
Ethical Problem Faced during the Research among Patients in Developing Economies
Opportunities:
Growing Interest on Controlling Devices from Human Brain Signal in both Developed and Developing Economies and Increasing R&D Investments for Integrating Brain Computer Interface (BCI) Technology with Real-Life Applications
Regulatory Insights:
The Food and Drug Administration (FDA) has released “leapfrog” draft guidance, Implanted Brain-Computer Interface (BCI) Devices for Patients with Paralysis or Amputation - Non-clinical Testing and Clinical Considerations, which provides technical direction to manufacturers developing this technology and recommendations for Q-Submissions and Investigational Device Exemptions for implanted BCI devices.
Key Target Audience
Brain Computer Interface Manufacturers, Technology Providers, System Integrator, Component Suppliers, End Users and Others