Brain Implants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-3194 | Report Format : | Status : Upcoming |

Abstract

Global Brain Implants Market: Overview

Brain implants are an effective tool that functions to stimulate and/or record the impulses. Along with the stimulation, it is useful in blocking the signals of pain to the brain. Increase in research activities with a proportional rise in the modern technologies paves a long path for the market for brain implants. For an instance development of the simple brain implant to self-charging implants with memory chips creates a very competitive environment for such products. The outcome of the modernization of the era is unhealthy lifestyles, stroke, and other brain injuries and hence, the market is projected to witness the growth with a very high CAGR.

Global Brain Implants Market: Growth Factors

A number of neurological diseases such as Parkinson’s disease, Alzheimer’s disease, etc show an exponential rise in the total registered cases. Apart from the neurological diseases, the rise in the geriatric population drives the market at a faster pace. Lack of awareness amongst the medical professionals in the developing countries hinders the lucrative growth of the market

However, awareness of the fact that it reduces the need for the medication or acts as an advantage for the patients who are unable to react to the drug is anticipated to propel the growth of the market globally and hence creating a large range of opportunities for the manufacturing companies.

Global Brain Implants Market: Segmentation

The global market for brain implants is segmented into various types based on the type of product and its application. The different types of implants used are deep brain stimulator (DBS) - most commonly performed surgical treatment for Parkinson's patient or those who had this disease in history. Spinal cord stimulator (SCS) - a pain masking method that stimulates the nerves in the area where the pain is felt but the pain is reduced at the same time because the electrical pulses modify and mask the pain signal from reaching your brain. Vagus nerve stimulator (VNS) - Vagus nerve stimulation (VNS) is a type of neuromodulation and a part of Automatic Nervous System designed to change the working of the brain cells by giving electrical stimulation to certain areas involved in seizures.

On the basis of applications, the market is bifurcated into Parkinson’s disease, Alzheimer’s disease, epilepsy, chronic pain, depression, obsessive-compulsive disorder and essential tremor. In case of chronic pains, the stimulators are used to a very large extent. Such pains arise as a result of failed surgeries, fibromyalgia, spinal injury, headaches, back injury, arthritis, nerve inflammation or damage that drives the market and hence, the segment of chronic pain leads the market

Global Brain Implants Market: Regional Analysis

The global market for brain implants is dominated by North America which is then followed by countries of the European region because of high technological advancements and rise in disposable income. In countries like India, China and Japan the efficient uptake of new technology and the affordability of the population triggers the market in the region of Asia Pacific. The Middle East and Africa and Latin America show a gradual growth in the estimated period of time.

Global Brain Implants Market: Competitive Players

Companies actively participating in the lucrative market of brain implants at a global level are Medtronic PLC., Boston Scientific Corporation, Sapiens Neuro, Aleva Neurotherapeutics SA, St. Jude Medical, Terumo Corporation, Edwards Lifesciences Corporation, Cochlear Limited, NDI Medical LLC, Abiomed Inc. among others.

Global Brain Implants Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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