According to a recently released study, the global market for brain implants is expected to generate sales of US$ 5.1 billion in 2021 and rise at a CAGR of 12.3% from 2023 to 2032. The market for brain implants is anticipated to be worth US$ 18 billion by the end of 2032.
Due to the postponement of surgeries in 2020, the Brain Implants market suffered under Covid. The lockdowns and postponements caused harm to both patients who were scheduled for surgery and those who underwent surgery. Prior to the restrictions being lifted, patients were encouraged to stick to their former optimal dosing schedule. Because of the low demand for brain implants, the market’s growth was constrained.
Through 2028, market trends will be supported by the quick development of brain-computer interface technology and the research and development of neuroprosthesis for various use cases. Nearly 5% of individuals globally, according to the WHO, experience depression, which could encourage more people to have brain implants to cure their sadness and other cognitive issues. Additionally, during the projected period, industry share is anticipated to increase due to the increased prevalence of epilepsy among patients with Alzheimer’s disease.
The Brain Implants market report is a perfect foundation for people looking out for a comprehensive study and analysis of the market. On the basis of historic growth analysis and current scenario of Brain Implants market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Brain Implants market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Brain Implants market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Brain Implants market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Brain Implants Market: Major Players
Nevro Corporation
St. Jude Medical
LivaNova
Ekso Bionics
Medtronic
Boston Scientific
Abiomed, Inc.
Sapiens Neuro
Terumo Corporation
Abbott
Cochlear, Ltd.
NeuroPace Inc.
Edwards Lifesciences Corporation
NDI Medical LLC
Global Brain Implants Market: Types
Deep brain stimulator
Spinal cord stimulator
Vagus nerve stimulator
Global Brain Implants Market: Applications
Chronic Pain
Epilepsy
Parkinson’s disease
Depression
Essential tremor
Alzheimer’s disease
Global Brain Implants Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Brain Implants market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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COVID-19 to Assert Impact on Market Trends:
The global healthcare industry has been badly damaged by the coronavirus pandemic’s rapid expansion. During the height of the epidemic, a number of non-emergency elective procedures, including deep brain stimulation, were delayed because to the difficulties connected with a shortage of PPE and other resources. Over the previous year, these factors prevented the industry from expanding.
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