Neuroprosthetics are related to neuroscience which is the study of the brain and is more concerned about developing innovative neural prostheses. These are predominantly used in physiological disordered people. Global neuroprosthetics market was valued at $5.34 billion in 2017 and expected to reach $10.75 billion by 2025 with a CAGR of 12.54% during the forecast period from 2019-2025. The factors like increasing number of patients suffering from neurological disorders and nerve injury are fuelling the market growth. The factors like lack of trained professionals & availability of alternative treatment options are declining the market growth. Higher growth opportunities in emerging economies are expected to enhance the market growth.
Research Study Objectives:
- Define, estimate, and forecast the Neuroprosthetics market statistics by technique, type, application and regions concerning the individual growth drivers, market trends and their contribution toward the Neuroprosthetics market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Neuroprosthetics Market Analysis report.
- Analysis and conclusions on the future Neuroprosthetics market outlook.
Top-down and bottom-up approaches are used to validate the Neuroprosthetics Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and
secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Neuroprosthetics Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Neuroprosthetics market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Neuroprosthetics market segmentation is as follows:
By Technique
- Vagus Nerve Stimulation
- Sacral Nerve Stimulation
- Transcranial Magnetic Stimulation
- Spinal Cord Stimulation
- Deep Brain Stimulation
By Type
- Input Neural Prosthetics
- Bionic Eye/Retinal Implants
- Cochlear Implants
- Output Neural Prosthetics
- Motor Prosthetics
- Cognitive Prosthetics
By Application
- Physiological Disorders
- Urology Disorders
- Ophthalmic Disorders
- Cardiovascular Disorders
- Auditory Processing Disorders
- Motor Neuron Disorders
- Epilepsy
- Parkinson’s Disease
- Cognitive Disorders
- Paralysis
- Alzheimer’s Disease
Geographical Analysis:
Neuroprosthetics Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the
Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Neuroprosthetics Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Neuroprosthetics Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Neuroprosthetics market players, such as
- NDI Medical, LLC.
- Medtronic, Inc.
- Cyberonics, Inc.
- Boston Scientific Corporation
- Cochlear Limited.
- Along with these companies, many other companies are considered in the report while analysing the Global Neuroprosthetics competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
