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  • Published In : Jan 2024
  • Code : CMI6532
  • Pages : 172
  • Formats :
      Excel and PDF
  • Industry : Medical Devices
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Neuroprosthetics is an interdisciplinary branch of neuroscience and biomedical engineering that develops neural prostheses, which are biomedical devices interfaced directly with the central or peripheral nervous system. The main aim of neuroprosthetics is to develop implantable devices that can replace the functions of impaired nervous and muscular systems or enhance existing biological functions. This includes restoring voluntary motor function to paralyzed patients, restoring sight to the blind, and restoring hearing to the deaf. Neuroprosthetics has immense potential to treat various neurological conditions and restore functional capabilities to millions of patients worldwide.

 Market Dynamics:

The global neuroprosthetics market is driven by the rising prevalence of neurological disorders and diseases, favorable reimbursement policies for neuroprosthetic devices and procedures, growing focus on the development of minimally invasive techniques, and technological advancements in neuroprosthetics. However, high development costs and limited medical reimbursements in developing nations are restraining market growth. Developing economies in Asia Pacific and Latin America offer significant growth opportunities owing to growing healthcare spending and infrastructure. Partnerships between companies, medical societies, and patient advocacy groups to spread awareness are also boosting the adoption of neuroprosthetics. These neuroprosthetic products offer life-changing benefits to patients by restoring their lost abilities. Motor neuroprosthetics allow paralyzed people to regain independence. Cochlear implants provide the gift of hearing to deaf people. Cognitive neuroprosthetics improve quality of life of patients suffering from memory disorders. However, these systems also have some limitations. The technology is still in the development stage and is quite expensive. The devices also require regular maintenance and updates. The success rate and outcomes vary from person to person.

Key features of the study:

  • This report provides in-depth analysis of the global neuroprosthetics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global neuroprosthetics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Second Sight, Med-El, Retina Implant, Sonova Holding AG. , NeuroPace, Inc., Nevro, Medtronic plc, Abbott, Cochlear, Boston Scientific Corporation, Livanova, Demant A/S, Cyberonics Inc. and NDI Medical LLC
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global neuroprosthetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global neuroprosthetics market

Detailed Segmentation:

  • Global Neuroprosthetics Market, By Type
    • Output Neural Prosthetics
    • Input Neural Prosthetics
  • Global Neuroprosthetics Market, By Technique
    • Spinal Cord Stimulation
    • Deep Brain Stimulation
    • Vagus Nerve Stimulation
    • Sacral Nerve Stimulation
    • Others
  • Global Neuroprosthetics Market, By Application
    • Motor Neuron Disorders
    • Physiological Disorder
    • Cognitive Disorders
    • Others
  •    Global Neuroprosthetics Market, By End User
    • Hospitals & Clinics
    • Neurological Centers
    • Ambulatory Surgery Centers
    • Others
  • Global Neuroprosthetics Market, By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Global Neuroprosthetics Market, Key Players
    • Second Sight
    • Med-El
    • Retina Implant
    • Sonova Holding AG.
    • NeuroPace, Inc.
    • Nevro
    • Medtronic plc
    • Abbott
    • Cochlear
    • Boston Scientific Corporation
    • Livanova
    • Demant A/S
    • Cyberonics Inc.
    • NDI Medical LLC

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Global Neuroprosthetics Market, By Type
      • Global Neuroprosthetics Market, By Technique
      • Global Neuroprosthetics Market, By Application
      • Global Neuroprosthetics Market, By End User
      • Global Neuroprosthetics Market, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Rising Concerns About Self-Image and Confidence
      • Side effects of treatment options
      • Untapped emerging markets
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Service offering Portfolio
    • PEST Analysis
    • PORTER’s Analysis
    • Merger and Acquisition Scenario
  4. Global Neuroprosthetics Market– Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5. Global Neuroprosthetics Market, By Type, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 – 2030
      • Segment Trends
    • Output Neural Prosthetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Input Neural Prosthetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
  6. Global Neuroprosthetics Market, By Technique, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 – 2030
      • Segment Trends
    • Spinal Cord Stimulation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Deep Brain Stimulation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Vagus Nerve Stimulation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Sacral Nerve Stimulation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
  7. Global Neuroprosthetics Market, By Application, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 – 2030
      • Segment Trends
    • Motor Neuron Disorders
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Physiological Disorder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Cognitive Disorders
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
  8. Global Neuroprosthetics Market, By End User, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2019 – 2030
      • Segment Trends
    • Hospitals and Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Neurological Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Ambulatory Surgery Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
  9. Global Neuroprosthetics Market, By Region, 2018-2030, (US$ Bn)
    • Introduction
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country 2019 –2030
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
        • Germany
        • UK.
        • Spain
        • France
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Technique, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030,(US$ Bn)
        • North Africa
        • Central Africa
        • South Africa
  10. Competitive Landscape
    • Second Sight
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Med-El
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Retina Implant
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Sonova Holding AG.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • NeuroPace, Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Nevro
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
      • Strategies
    • Medtronic plc
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Abbott
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Cochlear
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Boston Scientific Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Livanova
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Demant A/S
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Cyberonics Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • NDI Medical LLC
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Analyst Views
  11. Section
    • Research Methodology
    • About us

*Browse 44 market data tables and 39 figures on “Global Neuroprosthetics Market” - Global forecast to 2030

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