Brain Computer Interface Market, by Product (Invasive, Non-invasive, and Semi-invasive), by Application (Prevention, Detection and Diagnosis, and Rehabilitation and Restoration), by End User (Hospitals, Academic Institutes, and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Brain computer interface is a technology, which receives, analyzes, and transfers signals from brain to output commands to achieve certain task such as restoration of movement and communication strength for physically disabled patients in order to rehabilitate their lost motor abilities. Brain computer interfaces can be divided into following categories: Event related de-synchronization (ERD-BCI) and synchronization (ERS-BCI), Exogenous BCI and endogenous BCI and Active BCIs, Reactive BCI, and Passive BCI.
Market Dynamics
Increasing prevalence of neurological disorder is expected to drive the market growth over the forecast period.
Moreover, according to the World Health Organization (WHO), around one-third of children with epilepsy can be assigned to a specific epilepsy syndrome, as defined by the most recently proposed system for organization of epilepsy syndrome. For instance, according to the Society of Neuroscience, in 2015, epilepsy affected around 10.5 million children worldwide, and the types and severity of the disorder varied significantly. Moreover, according to the American Academy of Pediatrics data published in April 2017, epilepsy affects 0.5% to 1% of children globally and is the most frequently occurring chronic neurologic condition in childhood.
Key features of the study:
This report provides in-depth analysis of the global brain computer interface market , and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global brain computer interface market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Neuralink Corporation, Neurable. Emotiv Inc., BitBrain, Alpha Omega, Blackrock Microsystems, LLC, Femtonics Ltd., NeuroNexus, Opto Circuits (India) Limited, BIOTRONIK, Plexon Inc., Noldus Information Technology, NextMind, Nectome, and Paradromics
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global brain computer interface market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global brain computer interface market
Detailed Segmentation:
Global Brain Computer Interface Market, By Product:
Invasive
Non-invasive
Semi-invasive
Global Brain Computer Interface Market, By Application:
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
Global Brain Computer Interface Market, By End User:
Hospitals
Academic Institutes
Research Institutes
Global Brain Computer Interface Market, By Region:
North America
By Product
Invasive
Non-invasive
Semi-invasive
By Application
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
By End User
Hospitals
Academic Institutes
Research Institutes
By Country
U.S.
Canada
Latin America
By Product
Invasive
Non-invasive
Semi-invasive
By Application
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
By End User
Hospitals
Academic Institutes
Research Institutes
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product
Invasive
Non-invasive
Semi-invasive
By Application
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
By End User
Hospitals
Academic Institutes
Research Institutes
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product
Invasive
Non-invasive
Semi-invasive
By Application
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
By End User
Hospitals
Academic Institutes
Research Institutes
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product
Invasive
Non-invasive
Semi-invasive
By Application
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
By End User
Hospitals
Academic Institutes
Research Institutes
By Country
GCC
Israel
Rest of Middle East
Africa
By Product
Invasive
Non-invasive
Semi-invasive
By Application
Prevention
Detection and Diagnosis
Rehabilitation and Restoration
By End User
Hospitals
Academic Institutes
Research Institutes
By Region/Country
South Africa
Central Africa
North Africa
Company Profiles
Neuralink Corporation*
Company Highlights
Products Portfolio
Key Highlights
Financial Performance
Strategies
Neurable
Emotiv Inc.
BitBrain
Alpha Omega
Blackrock Microsystems, LLC
Femtonics Ltd.
NeuroNexus
Opto Circuits (India) Limited
BIOTRONIK
Plexon Inc.
Noldus Information Technology
NextMind
Nectome
Paradromics
“*” marked represents similar segmentation in other categories in the respective section.
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