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Neuroprosthetics Market OutlookNeuroprosthetics Market was estimated to be USD 5.28 billion in 2016 and expected to reach USD 10.48 billion by 2023. The key factors responsible for driving this are increasing in geriatric population, auditory processing disorders in kids, and increase in spinal cord treatment due to advancement in neuroprosthetics devices.
Neuroprosthetics Market to reach USD 10.48 billion by 2023, Advancements, Treatment Essential Factors and Trends in Industry by 2023.
The factors responsible for the positive growth of this market are increasing prevalence of neural diseases, over active bladder syndrome, and chronic disorder which include epilepsy.
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Global Neuroprosthetics Market: Industry Updates
In January 2019, neuroengineers from Columbia University have announced the development of a new way to utilize artificial intelligence and speech synthesizers to translate an individual's thoughts into word which will aid neuroprosthetics to have direct communication with the brain.
In November 2018, Samsung has created a smart TV software that can be controlled with the brainwaves with the help of neuroprosthetics.
Neuroprosthetics Market: Key Players
The prime players profiled by MRFR that are operating in the global neuroprosthetics market are Medtronic (US), Abbott (US), Cochlear (Australia), Boston Scientific (US), Livanova UK), Second Sight (US), Med-El (UK), Retina Implant (US), Sonova (UK), Neuropace (US), Nevro (California), and others.
Neuroprosthetics Market Segmentation:
The global neuroprosthetics market is segmented on the basis of type, technology, applications, and end users. On the basis of type the market is segmented into output neural prosthetics and input neural prosthetics. The output is segmented into cognitive prosthetics, and motor prosthetics. The input is segmented into cochlear implant, and visual prosthetic.
On the basis of techniques, the market is segmented into vagus nerve stimulation, deep brain stimulation, sacral nerve stimulation, and spinal cord stimulation.
On the basis of application, the market is segmented into motor neuron disorders, physiological disorders, and cognitive disorders. The motor neuron disorders are segmented into Parkinson’s disease, and Epilepsy disorder. The physiological disorders are segmented into auditory processing disorders, ophthalmic disorders, cardiovascular disorders, and urology disorders. Furthermore, the cognitive disorders include disorders such as Alzheimer’s disease, paralysis, and severe depression.
On the basis of end-users, the market is segmented into hospitals and clinics, diagnostic centers, research centers and others.
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Global Neuroprosthetics Market Research Report, by Type (Cognitive Prosthetics, Cochlear Implant), Techniques (Vagus Nerve Stimulation), Application (Motor Neuron Disorders) End-User (Hospitals and Clinics, Diagnostic Centers)—Global Forecast till 2023
On the basis of region, the global Neuroprosthetics market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada.
The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe.
The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific.
The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Neuroprosthetics Market, By Type
Chapter 7. Global Neuroprosthetics Market, By Techniques
Chapter 8. Global Neuroprosthetics Market, By Application
Chapter 9. Global Neuroprosthetics Market, By End-Users
Chapter 10. Global Neuroprosthetics Market, By Region
Chapter 11. Company Landscape
Chapter 12 Company Profiles
Chapter 13 Appendix
LIST OF TABLES
LIST OF FIGURES
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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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