Neuroprosthetics also known as neural prosthetics is a biomedical device that is designed to provide a medium to the central nervous system to interact with the external environment or receive a signal from the external world. These devices are widely used to overcome neural related problem due to diseases or spinal cord injuries. The incidence of neural disease like Parkinson’s disease has increased the Neuroprosthetics market significantly. According to Parkinson Association of Carolinas, approximately seven to ten million people are living with Parkinson disease across the globe. The incidence of neural diseases like Parkinson and epilepsy are the major driving factor of the market. Moreover, the population across the globe is now opting for spinal cord injury treatment due to the advent of Neuroprosthetics devices. Besides, these increase in geriatric population is also one of the major driving factors. The cost of Neuroprosthetics devices is high and it requires extensive training and skills to operate the devices, these two factor together restraining the growth of the market. However, government investment and advancement in computer science and biomedical technologies will drive the future market of Neuroprosthetics.
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Geographically market is divided into North America, Asia Pacific, Europe and Rest of the world. North America has ruled the Neuroprosthetics market in the past few years due to the presence of major players as well as the region has most advanced healthcare technology and infrastructure. APAC region will grow significantly in the coming years, due to increased investment in healthcare technology and infrastructure.
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MARKET SEGMENTATION
GLOBAL NEUROPROSTHETICS MARKET, BY TYPE
- MOTOR PROSTHETICS
- SENSORY PROSTHETICS
- COGNITIVE PROSTHETICS
- VISUAL PROSTHETICS
GLOBAL NEUROPROSTHETICS MARKET, BY TREATMENT TECHNIQUE
- DEEP BRAIN STIMULATION (DBS)
- VAGUS NERVE STIMULATION(VNS)
- SACRAL NERVE STIMULATOR(SNS)
- SPINAL CORD STIMULATOR(SCS)
GLOBAL NEUROPROSTHETICS MARKET, BY APPLICATION
- MOTOR DISORDER
- PHYSIOLOGICAL DISORDER
- COGNITIVE DISORDER
REGIONAL ANALYSIS
NORTH AMERICA
- UNITED STATES
- CANADA
EUROPE
- UK
- GERMANY
- SPAIN
- FRANCE
- ITALY
- REST OF EUROPE
APAC
- INDIA
- CHINA
- REST OF APAC
REST OF THE WORLD
COMPANY PROFILES
- BOSTON SCIENTIFIC CORP.
- BRAINGATE
- COCHLEAR LIMITED
- CORTEC GMBH
- CYBERONICS INC.
- LIVANOVA PLC
- MED-EL
- MEDTRONIC INC.
- NDI MEDICAL LLC
- NERVO CORP.
- NEUROPACE INC.
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