Brain Implants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Brain Implants Market
The Brain Implants Market size was valued at USD 1.71 billion in 2022. The market is projected to grow from USD 1.90 billion in 2023 to USD 4.00 billion by 2030, exhibiting a CAGR of 11.2%during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the worldwide brain implants marketplace, causing delays in medical trials and non-obligatory neurosurgeries. Travel restrictions and the reallocation of healthcare resources closer to dealing with the pandemic affected tool production and sales. However, as healthcare systems get better, the call for for brain implants is progressively rebounding, pushed via the want for superior treatments in neurology and intellectual health situations. Telemedicine and faraway monitoring also received prominence, facilitating affected person observe-usain the direction of lockdowns and provoking innovation in faraway neural interfaces.
A large style is the combination of synthetic intelligence (AI) with mind implants for extra specific neural modulation. AI-powered thoughts-pc interfaces (BCIs) allow adaptive stimulation primarily based on actual-time affected individual responses, improving consequences for conditions like Parkinson’s disease and epilepsy. This innovation is likewise advancing prosthetics manipulate, permitting clients to carry out complex actions by using the usage of right away interacting with the mind. The convergence of AI and neural generation is predicted to convert personalized medicine, fostering collaborations between tech giants and medical device manufacturers.
The growing prevalence of neurological troubles, together with epilepsy, Alzheimer’s, and Parkinson’s, is a primary riding component. As the ageing populace grows, the superiority of those illnesses is developing, necessitating modern treatments past conventional restoration strategies. Brain implants provide promising answers for managing continual neurological situations, enhancing sufferers' pleasant of existence. Additionally, more recognition and investments in neuroscience research, along aspect favorable regulatory approvals, are accelerating the adoption of those implants in both clinical and studies settings.
Comprehensive Analysis of Brain Implants Market
The Brain Implants Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product , by application, by end user. By Product include Deep Brain Stimulation, Vagus Nerve Stimulation, Responsive Neurostimulation. By Application include Epilepsy ,Parkinson's Disease, Alzheimer's Disease, Schizophrenia, Others. By End-user include Hospitals ,Specialty Clinics, Others.
The North America location lead the Brain Implants Market share percentage via benefitting a marketplace size of USD 0.76 billion The region is expected to dominate the market in the near future owing to the growing prevalence of various neurological disorders along with higher diagnosis and treatment rates.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
October 2023 - Precision Neuroscience Corporation acquired a production facility in Dallas for the manufacturing of the important thing additives of its mind implants.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 11.2% from 2023-2030
Unit Value (USD billion)
Segmentation By Product
Deep Brain Stimulation
Vagus Nerve Stimulation
Responsive Neurostimulation
By Application
Epilepsy
Parkinson's Disease
Alzheimer's Disease
Schizophrenia
Others
By End-user
Hospitals
Specialty Clinics
Others
By Region
North America (By Product, By Application, By End-user, By Country)
U.S.
Canada
Europe (By Product, By Application, By End-user, By Country/Sub-Region)
U.K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Asia Pacific (By Product, By Application, By End-user, By Country/Sub-Region)
Japan
China
India
Australia
Southeast Asia
Rest of the Asia Pacific
Rest of the World (By Product, By Application, By End-user)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Prevalence of Key Neurological Disorders, By Key Countries/Regions, 2022
- 4.2. New Product Launches, By Key Players
- 4.3. Key Industry Developments - Mergers, Acquisitions, and Partnerships
- 4.4. Technological Advancements in Brain Implants
- 4.5. Regulatory Scenario, Key Regions
- 4.6. Impact of COVID-19 on the Market
- 5. Global Brain Implants Market Analysis, Insights and Forecast, 2017-2030
- 5.1. Market Analysis, Insights and Forecast – By Product
- 5.1.1. Deep Brain Stimulation
- 5.1.2. Vagus Nerve Stimulation
- 5.1.3. Responsive Neurostimulation
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Epilepsy
- 5.2.2. Parkinson's Disease
- 5.2.3. Alzheimer's Disease
- 5.2.4. Schizophrenia
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Hospitals
- 5.3.2. Specialty Clinics
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of the World
- 6. North America Brain Implants Market Analysis, Insights and Forecast, 2017-2030
- 6.1. Market Analysis, Insights and Forecast – By Product
- 6.1.1. Deep Brain Stimulation
- 6.1.2. Vagus Nerve Stimulation
- 6.1.3. Responsive Neurostimulation
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Epilepsy
- 6.2.2. Parkinson's Disease
- 6.2.3. Alzheimer's Disease
- 6.2.4. Schizophrenia
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Hospitals
- 6.3.2. Specialty Clinics
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Brain Implants Market Analysis, Insights and Forecast, 2017-2030
- 7.1. Market Analysis, Insights and Forecast – By Product
- 7.1.1. Deep Brain Stimulation
- 7.1.2. Vagus Nerve Stimulation
- 7.1.3. Responsive Neurostimulation
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Epilepsy
- 7.2.2. Parkinson's Disease
- 7.2.3. Alzheimer's Disease
- 7.2.4. Schizophrenia
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Hospitals
- 7.3.2. Specialty Clinics
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Brain Implants Market Analysis, Insights and Forecast, 2017-2030
- 8.1. Market Analysis, Insights and Forecast – By Product
- 8.1.1. Deep Brain Stimulation
- 8.1.2. Vagus Nerve Stimulation
- 8.1.3. Responsive Neurostimulation
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Epilepsy
- 8.2.2. Parkinson's Disease
- 8.2.3. Alzheimer's Disease
- 8.2.4. Schizophrenia
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Hospitals
- 8.3.2. Specialty Clinics
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of the Asia Pacific
- 9. Rest of the World Brain Implants Market Analysis, Insights and Forecast, 2017-2030
- 9.1. Market Analysis, Insights and Forecast – By Product
- 9.1.1. Deep Brain Stimulation
- 9.1.2. Vagus Nerve Stimulation
- 9.1.3. Responsive Neurostimulation
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Epilepsy
- 9.2.2. Parkinson's Disease
- 9.2.3. Alzheimer's Disease
- 9.2.4. Schizophrenia
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Hospitals
- 9.3.2. Specialty Clinics
- 9.3.3. Others
- 10. Competitive Analysis
- 10.1. Global Market Share Analysis (2022)
- 10.2. Company Profiles
- 10.2.1. Boston Scientific Corporation (U.S.)
- 10.2.1.1. Overview
- 10.2.1.2. SWOT Analysis
- 10.2.1.3. Recent Developments
- 10.2.1.4. Strategies
- 10.2.1.5. financials (Based on Availability)
- 10.2.2. Medtronic (Ireland)
- 10.2.2.1. Overview
- 10.2.2.2. SWOT Analysis
- 10.2.2.3. Recent Developments
- 10.2.2.4. Strategies
- 10.2.2.5. financials (Based on Availability)
- 10.2.3. Abbott (U.S.)
- 10.2.3.1. Overview
- 10.2.3.2. SWOT Analysis
- 10.2.3.3. Recent Developments
- 10.2.3.4. Strategies
- 10.2.3.5. financials (Based on Availability)
- 10.2.4. NeuroPace, Inc. (U.S.)
- 10.2.4.1. Overview
- 10.2.4.2. SWOT Analysis
- 10.2.4.3. Recent Developments
- 10.2.4.4. Strategies
- 10.2.4.5. financials (Based on Availability)
- 10.2.5. NDI Medical, LLC (U.S.)
- 10.2.5.1. Overview
- 10.2.5.2. SWOT Analysis
- 10.2.5.3. Recent Developments
- 10.2.5.4. Strategies
- 10.2.5.5. financials (Based on Availability)
- 10.2.6. ALEVA NEUROTHERAPEUTICS (Switzerland)
- 10.2.6.1. Overview
- 10.2.6.2. SWOT Analysis
- 10.2.6.3. Recent Developments
- 10.2.6.4. Strategies
- 10.2.6.5. financials (Based on Availability)
- 10.2.7. LivaNova PLC. (U.K.)
- 10.2.7.1. Overview
- 10.2.7.2. SWOT Analysis
- 10.2.7.3. Recent Developments
- 10.2.7.4. Strategies
- 10.2.7.5. financials (Based on Availability)
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