The global brain implants market is expected to grow at a significant CAGR during the forecast period. Brain implants are those technological devices that directly connect to a biological’s brain for treatment purposes. The goal of these brain implants is to establish a biomedical prosthesis circumventing area in the brain that have become dysfunctional after any head injury or a stroke. Brain-computer interfaces, the interface between the neural system and computer chip, includes Electroencephalography (EEG) that monitors and records the brain’s electrical activity.
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The primary factors that drive the growth of the global brain implants market include the increase in the incidence of neurological disorders such as Alzheimer’s disease, epilepsy, Parkinson’s, disease, depression, and essential tremors along with the technological advancements in the treatment of these diseases. Further, the availability of advanced and cost-effective brain implants is also likely to drive market growth. However, there are some side effects associated with the implants such as seizure, infection, headache, confusion, difficulty in concentrating, eroded lead wire,or even stroke. Besides, several types of research are being done to design such brain implants that aids in minimizing all the negative impacts of an active implant on the brain or body. Thus, this also provides ample opportunities for market growth.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Brain Implants Market by Type
- Deep Brain Stimulator
- Vagus Nerve Stimulator
- Others(Spinal Cord Stimulator)
Global Brain Implants Market by Application
- Chronic Pain
- Epilepsy
- Parkinson’s Disease
- Depression
- Alzheimer’s Disease
- Other Applications
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abbott Laboratories Inc.
- Aleva Neurotherapeutics SA
- Boston Scientific Corp.
- Deep Brain Innovations LLC
- Edwards Lifesciences Corp.
- ElectroCore, LLC
- Elekta AB
- Johnson & Johnson Services Inc.
- Koninklijke PhiLIPS N.V.
- Medtronic Plc
- NDI Medical LLC
- NeuroPace Inc.
- NeuroSigma Inc.
- Nevro Corp.
- Renishaw Plc
- Synchron, Inc.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Brain Implants market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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