The global brain computer interface market is anticipated to grow at a CAGR of around 14.3% during the forecast period. Brain-Computer Interface also known as the brain-machine interface, neural-control interface (NCI), mind-machine interface (MMI), is an interactive platform between the brain and the external device. A brain-computer interface system records brain signals from the cortex’s surface using signalling devices implanted within the brain or sensors placed on the scalp. The factors driving the brain-computer interface market include the rising prevalence of neuroprosthetic conditions, advancements in technological developments assisting paralytic patients with communication and movement.
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Additionally, increasing applications of BCI technology in virtual gaming, military communications, and home control systems are also fueling the growth of the market. However, the ethical challenges associated with connecting brains to computers are the significant factors restraining the growth of the market.
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COVID-19 will have a significant impact on the market in the short term due to the global supply chain has been disrupted and manufacturing facilities have been completely shut down. However, it has accelerated digitization and provided a much-needed boost to global technology adoption. The current COVID-19 outbreak has served as a stepping stone for the widespread adoption of brain-computer interface (BCI) technology in the treatment of many elderly patients with visual disabilities to improve patients’ quality of life. These technologies are useful in a variety of industries, including education, healthcare, defense and aerospace, and others. BCI can be used as an assistive technology to regulate brain activity and transform specific signal features that reflect the elderly patient’s intent into commands, allowing them to improve their memory and sensory abilities during COVID-19, making it a promising tool for physical therapy.
Global Brain-Computer Interface Market – Company Profiles
- Arimac Lanka (Private) Ltd.
- Advanced Brain Monitoring, Inc.
- ANT Neuro BV
- Brain Products GmbH
- Brain Co Inc
- Cadwell Industries Inc.
- Edwards Lifesciences Corp.
- Compumedics Ltd.
- EMOTIV, Inc.
- tec medical engineering GmbH
- Mindmaze SA
- Medtronic PLC
- Natus Medical Inc.
- Neurable Inc.
- Neurolutions Inc.
- NeuroPace Inc.
Global Brain-Computer Interface Market- Segmentation
By Type
- Invasive (BCI)
- Partially Invasive (BCI)
- Non-Invasive (BCI)
By Product
- Hardware
- Software
By Application
- Medical
- Smart Home Control
- Gaming & Virtual Reality
- Communication And Control
Global Brain-Computer Interface Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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