Global Neuroprosthetics Market

Global Neuroprosthetics Market, By Type (Output Neural Prosthetics, Input Neural Prosthetics), By Technique (Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Others), By Application (Motor Neuron Disorders, Physiological Disorder, Cognitive Disorders, Others), By End User (Hospitals & Clinics, Neurological Centers, Ambulatory Surgery Centers, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)


Neuroprosthetics is an interdisciplinary branch of neuroscience and biomedical engineering that develops neural prostheses, which are biomedical devices interfaced directly with the central or peripheral nervous system. The main aim of neuroprosthetics is to develop implantable devices that can replace the functions of impaired nervous and muscular systems or enhance existing biological functions. This includes restoring voluntary motor function to paralyzed patients, restoring sight to the blind, and restoring hearing to the deaf. Neuroprosthetics has immense potential to treat various neurological conditions and restore functional capabilities to millions of patients worldwide.

Market Dynamics:

The global neuroprosthetics market is driven by the rising prevalence of neurological disorders and diseases, favorable reimbursement policies for neuroprosthetic devices and procedures, growing focus on the development of minimally invasive techniques, and technological advancements in neuroprosthetics. However, high development costs and limited medical reimbursements in developing nations are restraining market growth. Developing economies in Asia Pacific and Latin America offer significant growth opportunities owing to growing healthcare spending and infrastructure. Partnerships between companies, medical societies, and patient advocacy groups to spread awareness are also boosting the adoption of neuroprosthetics. These neuroprosthetic products offer life-changing benefits to patients by restoring their lost abilities. Motor neuroprosthetics allow paralyzed people to regain independence. Cochlear implants provide the gift of hearing to deaf people. Cognitive neuroprosthetics improve quality of life of patients suffering from memory disorders. However, these systems also have some limitations. The technology is still in the development stage and is quite expensive. The devices also require regular maintenance and updates. The success rate and outcomes vary from person to person.

Key features of the study:
  • This report provides in-depth analysis of the global neuroprosthetics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 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 neuroprosthetics 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 Second Sight, Med-El, Retina Implant, Sonova Holding AG. , NeuroPace, Inc., Nevro, Medtronic plc, Abbott, Cochlear, Boston Scientific Corporation, Livanova, Demant A/S, Cyberonics Inc. and NDI Medical LLC
  • 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 neuroprosthetics 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 neuroprosthetics market
Detailed Segmentation:
  • Global Neuroprosthetics Market, By Type
  • Output Neural Prosthetics
  • Input Neural Prosthetics
  • Global Neuroprosthetics Market, By Technique
  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Vagus Nerve Stimulation
  • Sacral Nerve Stimulation
  • Others
  • Global Neuroprosthetics Market, By Application
  • Motor Neuron Disorders
  • Physiological Disorder
  • Cognitive Disorders
  • Others
  • Global Neuroprosthetics Market, By End User
  • Hospitals & Clinics
  • Neurological Centers
  • Ambulatory Surgery Centers
  • Others
  • Global Neuroprosthetics Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
  • Global Neuroprosthetics Market, Key Players
  • Second Sight
  • Med-El
  • Retina Implant
  • Sonova Holding AG.
  • NeuroPace, Inc.
  • Nevro
  • Medtronic plc
  • Abbott
  • Cochlear
  • Boston Scientific Corporation
  • Livanova
  • Demant A/S
  • Cyberonics Inc.
  • NDI Medical LLC


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Neuroprosthetics Market, By Type
Global Neuroprosthetics Market, By Technique
Global Neuroprosthetics Market, By Application
Global Neuroprosthetics Market, By End User
Global Neuroprosthetics Market, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Rising Concerns About Self-Image and Confidence
Side effects of treatment options
Untapped emerging markets
Impact Analysis
Key Highlights
Regulatory Scenario
Service offering Portfolio
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Neuroprosthetics Market– Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Neuroprosthetics Market, By Type, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2019 – 2030
Segment Trends
Output Neural Prosthetics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Input Neural Prosthetics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Global Neuroprosthetics Market, By Technique, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2019 – 2030
Segment Trends
Spinal Cord Stimulation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Deep Brain Stimulation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Vagus Nerve Stimulation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Sacral Nerve Stimulation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
7. Global Neuroprosthetics Market, By Application, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2019 – 2030
Segment Trends
Motor Neuron Disorders
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Physiological Disorder
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Cognitive Disorders
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
8. Global Neuroprosthetics Market, By End User, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2019 – 2030
Segment Trends
Hospitals and Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Neurological Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Ambulatory Surgery Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
9. Global Neuroprosthetics Market, By Region, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2019 –2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Germany
UK.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030,(US$ Bn)
North Africa
Central Africa
South Africa
10. Competitive Landscape
Second Sight
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Med-El
Retina Implant
Sonova Holding AG.
NeuroPace, Inc.
Nevro
Medtronic plc
Abbott
Cochlear
Boston Scientific Corporation
Livanova
Demant A/S
Cyberonics Inc.
NDI Medical LLC
Analyst Views
11. Section
Research Methodology
About us
*Browse 44 market data tables and 39 figures on “Global Neuroprosthetics Market” - Global forecast to 2030

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