Brain Computer Interface Market Analysis with Key Players, Applications, Trends and Forecasts to 2027

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Dec 01, 2020 (Market Insight Reports) —
Selbyville, Delaware Global Brain Computer Interface Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Brain Computer Interface Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Brain Computer Interface market and provides information regarding the revenue for the period 2020 to 2027.

Global Brain Computer Interface Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. Brain computer interface or BCI is neural-control or mind-machine and is interactive communication pathway between the brain and an external device. Various brain imaging technologies such as Electrocorticography (ECOG), functional Magnetic Resonance (fMRI), Magneto encephalography (MEG), and Electroencephalography (EEG), are linked with BCI systems to capture the human brain’s electrical signals.

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The rising Incidences of brain disorders affecting the movements of body, growing demand of miniaturization of components and increasing number of gaming industries implementing BCI technologies are the few factors responsible for growth of the market over the forecast period. For instance: according to World Health Organization (WHO), the percentage of global disability-adjusted life years (DALYs) projected for Alzheimer and other dementia was 0.91% in 2015 and is anticipated to rise to 1.20% in 2030. The number of global disability-adjusted life years (DALYs) projected for Alzheimer and other dementias was 13540000 in 2015 and is anticipated to rise by 18394000 in 2030. Also, the number of global disability-adjusted life years (DALYs) projected for Epilepsy was 7308000 in 2005 and is anticipated to rise by 7442000 in 2030. Whereas lack of expertise in implementing the BCI systems, cyber security threats and ethical issues arising due to the implementation of BCI technologies is the major factor restraining the growth of global Brain Computer Interface market during the forecast period.

The regional analysis of global Brain Computer Interface market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the presence of leading companies developing brain computer interface in North America and majority of R&D efforts regarding BCI in this region to recapture the audience are the major drivers for the market growth in this region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:

Mind Technologies Inc.

Covidien, PLC

Compumedics, Ltd.

Natus Medical, Inc.

Nihon Kohden Corporation

Integra Life Sciences Corporation

CAS Medical Systems

Advanced Brain Monitoring Inc.

Guger Technologies Og

Medtronic

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Type:

Invasive brain computer interface

Partially Invasive brain computer interface

Non Invasive brain computer interface

Others

by Application:

Restoration of disabilities

Repair of brain function

Others

By End User:

Medicine

Military

Manufacturing

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

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