Home >> Report Store >> Healthcare >> Neuroprosthetics Market, By Types >

Neuroprosthetics Market Size Worth $14.5 Billion By 2025 | CAGR: 4.9%

Published Date : 04 / 01 / 18 | Report Format: PDF

The global neuroprosthetics market is expected to grow at growth rate of 4.9% to reach USD 14,501 million by 2025. Neuroprostheses are brain machines, integrated with electrodes to interface with the central nervous system. These devices are aimed to restore function that has been lost due to neurological injury by identifying stimulation sites of a central nervous system including nerves, muscles, brain or spinal cord. Neuroprosthetic technology is widely used among the end-users in order to restore autonomic and motor functions as well as to improve sensory feedback. The market for neuroprosthetics is majorly driven by the increasing incidences of neurological disorders. Rising approval of new products, technological advancements, and others are also anticipated to spur the market growth to some extent.

Furthermore, acceptance of these devices is increasing as it considered to be safe, effective for treatment of neurological disorder with minimal pain and rapid recovery actions. High cost and lack of proper reimbursement schemes are expected to hinder the industry growth.

Key Takeaways :

  • According to various organizations such as National Institute of Neurological Disorders and Stroke, World Health Organization, and American Academy of Neurology, incidence of neurological disorder is increasing at constant rate, supporting the market growth
  • Motor prosthetics, the largest segment is considered to grow with the highest growth rate over the future period. High demand for these prosthetics supports the market growth.
  • Spinal cord stimulator is widely used neuroprosthetic technology, act by masking spinal cord pain signals before it can reach to the brain tissues
  • Companies such as Boston Scientific Corporation received U.S. FDA and CE Mark approval of its novel SCS technology named “Precision Plus”. This system precisely enable to control or target pain in increments of 0.04 mm (i.e. the width of a human hair)
  • Motor neuron disorder is the largest application segment, accounted for around USD 3.0 billion in 2017 owing to the consistent increase in number of patients with epilepsy and Parkinson’s disease
  • Regions such as North America and Europe will witness high demand for neuroprosthetics in coming years due to the rising incidences of neurological disorders
  • Key players such as Medtronic, Inc., Cochlear Limited, St. Jude Medical, Inc., and MED-EL exhibit significant presence in the market

KEY BENEFITS OF THE REPORT:

  • In-depth analysis of the key factors are propelling the growth of the global market
  • Granular analysis of the current market scenario and the expected market grow
  • Detailed analysis of the geographic region that will witness the strongest growth
  • Highlight on the strategies that are being adopted by the key players in this market to stay competitive
  • Extensive analysis of the key players dominating the competitive landscape of this market

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

 NEUROPROSTHETICS MARKET, BY TYPES

  • Cochlear Implants
  • Motor Prosthetics
  • Cognitive Prosthetics
  • Retinal Implants

NEUROPROSTHETICS MARKET, BY TECHNOLOGY

  • Vagus Nerve Stimulation
  • Spinal Cord Stimulation
  • Deep Brain Simulation
  • Sacral Nerve Stimulation

NEUROPROSTHETICS MARKET, BY APPLICATION

  • Physiological Disorders
    • Auditory Disorders
    • Kidney Disorders
    • Others
  • Motor Neuron Disorders
    • Epilepsy
    • Parkinson’s disease
  • Cognitive Disorders
    • Alzheimer’s Disease
    • Severe Depression

NEUROPROSTHETICS MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

Why AnalystView?

Z

Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.

Y

Tailor Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.

T

Data Accuracy And Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

Share This