neuroprosthetics Market

MARKET INTRODUCTION

Neuroprosthesis is the process of using direct electric stimulation to enable proper functioning of the nervous system. Neuroprosthetic devices supplements the input or the output signals to the neural system, enabling the individual to carry out proper functioning and physical activities. Some of the purposes which involve the use of neuroprosthetics include, techniques for bladder and bowel control, deep brain stimulation, and restoration of mobility and respiration to paralyzed individuals.

MARKET DYNAMICS

The neuroprosthetics market is anticipated to grow in the forecast, owing to rise in the number of individuals suffering from neurological disorders and increasing incidence of amputations due to road accidents and injuries. In addition, increasing applications of neuroprosthetics is anticipated to offer significant growth opportunities in the market during the forecast period.

MARKET SCOPE

The “Global Neuroprosthetics Market Analysis to 2028” is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of neuroprosthetics market with detailed market segmentation by type, technique, application, and geography. The global neuroprosthetics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neuroprosthetics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global neuroprosthetics market is segmented on the basis of type, technique and application. Based on type, the market is segmented as, input neural prosthetics and output neural prosthetics. The input neural prosthesis is further segmented as, retinal implants and cochlear implants. Similarly, output neural prosthesis is further classified as, motor prosthetics and cognitive prosthetics. Based on technique, the market is classified as, deep brain stimulation, sacral nerve stimulation, spinal cord stimulation, transcranial magnetic stimulation, and vagus nerve stimulation. The neuroprosthetics market is segmented based on applications such as, physiological disorders, cognitive disorders and motor neuron disorders.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neuroprosthetics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neuroprosthetics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting neuroprosthetics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neuroprosthetics market in these regions.

MARKET PLAYERS

The reports cover key developments in the neuroprosthetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from neuroprosthetics market are anticipated to lucrative growth opportunities in the future with the rising demand for neuroprosthetics market in the global market. Below mentioned is the list of few companies engaged in the neuroprosthetics market.

The report also includes the profiles of key neuroprosthetics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

-Abbott
-Boston Scientific Corporation
-Cochlear Ltd.
-LivaNova PLC
-MED EL
-Medtronic
-NeuroPace, Inc.
-Nevro Corp.
-Second Sight Medical Products, Inc.
-Sonova