Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive
improvements of the key players regarding market advancements, item portfolios,
and financials
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The
global brain implants market size is anticipated to reach USD 8.29 billion by
2025, according to a new report by Grand View Research, Inc., rising at a CAGR
of 11.9% during the forecast period. Mounting cases of neurological disorders
such as Parkinson's, Alzheimer's, epilepsy, depression, and tremors are
contributing to market growth
Growing
incidence of Parkinson's disease is boosting the demand for brain implants.
These implants help in improving body movement and reduce the need for drugs.
According to statistics presented by Parkinson's News Today, about 10 million
people suffer from this disease globally. Cases of epilepsy are also increasing
due to brain injuries, stroke, and unhealthy lifestyle. As per statistics by
Forbes, nearly 3 million people were affected with epilepsy in U.S. in 2017.
Demand for vagus nerve stimulators is on a sharp rise owing to its treatment
benefits for epilepsy
In
addition, factors such as technological advancements in brain implants, along
with rising disposable income in developed countries, are propelling market
growth. The market is expected to witness lucrative growth over the coming
years as a consequence of increasing number of research activities leading to
technological breakthroughs. These include self-charging implants and memory
chips, which are estimated to unfold tremendous growth opportunities over the
forecast period
Further key findings from the study
suggest:
•
In 2016, the deep brain stimulator segment was identified as the largest,
accounting for over 37.0% of the overall market revenue. The product is
projected to maintain its position over the forecast period due to rising
incidence of Parkinson's disease
•
The Parkinson's disease segment is poised to expand at the fastest growth rate
in terms of revenue during the same period owing to factors such as drop in
smoking rate and coffee consumption, particularly in developed countries
•
Demand for brain implants will remain the highest for treatment of chronic
pains throughout the forecast period, representing approximately 58.0% of the
overall market revenue by 2025
•
The Asia Pacific brain implants market is likely to exhibit the highest CAGR of
over 13.0% over the same period, owing to rising healthcare spending and
disposable income of the populace in countries such as Japan and China
•
Boston Scientific; Medtronic; St. Jude Medical; Nevro Corporation; NeuroPace
Inc.; and NDI Medical LLC are some of the key players in the brain implants
market
Table of Contents
Chapter
1 Executive Summary
Chapter
2 Research Methodology
2.1
Information Procurement
2.2
Data Analysis
2.3
Region Wise Market Calculation
2.3.1
Region wise market: Base estimates
2.3.2
Global market: CAGR calculation
2.4
Region Based Segment Share Calculation
2.5
List of Secondary Sources (partial list)
2.6
Market Snapshot
Chapter
3 Brain Implants Market Variables, Trends, & Scope
3.1
Market Segmentation & Scope
3.1.1
Market Driver Analysis
3.1.1.1
Rise in neurological disorders
3.1.1.2
Technological advancement in devices
3.1.2
Market Restraint Analysis
3.1.2.1
High cost of devices
3.1.2.2
Safety concerns
3.2
Penetration & Growth Prospect Mapping: Product
3.3
Brain Implants Market - SWOT Analysis, By Factor (political & legal,
economic, and technological)
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This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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