About Memory Implants
Implantable brain implants have the potential to restore functional connectivity in neuronal pathways damaged by severe depression, obsessive-compulsive disorder, and other psychiatric disorders. Other neural implants can restore or enhance those neural functions that have been lost or compromised due to traumatic brain injury, infection, or other brain insults. Shape memory alloy implants, also known as "smart biomaterials," have been used in humans for over 20 years in a few countries. With restrictions on the use of biomaterials in living organisms being lifted around the world, the use of SMA implants in the fields of vascular and orthopaedic surgery, minimally invasive surgery, and drug delivery systems is expanding.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Memory Implants market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Johnson & Johnson (United States), Neuralink Corporation (United States), Emotiv Inc. (United States), NextMind (France), Alcon Laboratories (Switzerland), Biomet Incorporated (United States), Bausch and Lomb Incorporated (United States) and Boston Scientific Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Memory Implants market by Type (Stereotactic Implantation, Electrophysiological Mapping and Other Technologies), Application (Treatment of Sleep Apnea, Pain Management, Epilepsy, Parkinson's Disease and Others) and Region.
On the basis of geography, the market of Memory Implants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Clinical Research Organization will boost the Memory Implants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Advance Memory Control Implants
Market Growth Drivers:
Rising Demand for Orthopedic and Cardiovascular Implants and Increasing Research & Development in Memory Implant Technology
Challenges:
High Initial Investments and Skewed Player Distribution
Restraints:
Lack of Trained Professionals
Opportunities:
Growing Adoption in emerging Regions
Market Leaders and their expansionary development strategies
In April, 2021 - DJO Global Completed its Acquisition of MedShape (Leading Orthopedic Device Manufacturer), The Acquisition Expands DJO's Portfolio Across Various Offerings Including Fracture Fixation, Joint Fusion, And Soft Tissue Injury Repair Products and Shape-Memory Technologies.
In September, 2020 - Neuralink Introduces Updated Version of its Brain Implant Design and Surgical Robot, This Simplified Wearable System Design Aims to Build Brain-To-Machine Interfaces That Could Allow People with Neurological Disorders to Monitor Technology with Their Minds, Such as Phones or Computers.
Key Target Audience
Memory Implant Manufactures, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.