The report analyzes the leading players of the global Brain-Computer Interface market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Brain-Computer Interface market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Brain-Computer Interface market. It also provides beneficial insights for both new as well as established players of the global Brain-Computer Interface market.
We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Brain-Computer Interface market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
Market Size – USD 1.15 Billion in 2018, Market Growth – CAGR of 11.1%, Market Trends- Increase in R&D investments coupled with technological advancements
The Brain-computer interface market is expected to reach USD 2.67 Billion by 2026, according to a new report by Reports and Data. Research and development in the brain-computer interface systems are developing rapidly and is focused mainly on neuroprosthetic applications.
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Further key findings from the report suggest
- The Brain-computer interface market is estimated to reach USD 2.67 Billion by 2026, at a CAGR of 11.1% during the forecast period.
- Organizations dealing with BCI are adopting various strategies and developments to make their products compatible, enhanced, and innovative at the same time, involving in comprehensive research and development activities.
- BCI demand is projected to gain a substantial boost soon because of the rising prevalence of stroke, depression, and Parkinson’s disease among the population.
- The growing population could be exposed to brain-related disorders that lead to critical disabilities.
- The Invasive product is anticipated to grow at the highest rate of 11.6% during the forecast period.
- The medical end user segment accounts for the largest share of 37.8% of the market in 2018.
- Application in smart home control is anticipated to witness the highest CAGR of 11.5% during the forecast period.
- APAC is forecasted to grow at the highest CAGR of 11.6% during the forecast period.
- Various projects are being developed that operates by transforming the brain of a user into a link for the internet of things (IoT), which acts as a “plugged-in” brain to connect to the internet.
- Notable research efforts on a global scale have presented common platforms for technology regularity and help undertake highly complex and nonlinear brain dynamics and associated characteristic extraction and classification difficulties.
- In January 2015, Natus medical acquired Global Neuro-Diagnostics (GND).
- GND offers neuro-diagnostic services like complete video EEG testing used in the detection of cognitive impairments and neurological application.
- The Key players in the Brain Computer Interface Market include Cadwell Industries, Inc, Nerusky, Inc, Integra Life Sciences Corporation , Advanced Brain Monitoring, Mind Technologies Inc, ANT Neuro B.V, Nihon Kohden Corporation, Emotiv Systems, Inc, NeuroPace Inc, Blackrock Microsystems LLC, OpenBCI, Artinis Medical Systems B.V, Elekta AB, Mindmaze SA.
Scope of the report
The study draws a forecast of the growth of the Brain-Computer Interface market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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Product Outlook (Revenue, USD Million; 2018-2026)
- Non-invasive BCI
- Invasive BCI
- Partially BCI
End user Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
- Smart home control
- Entertainment & gaming
Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Brain-Computer Interface space.
Why Choose Reports and Data?
- Regional demand estimation and forecast
- Pre-commodity pricing volatility
- Technological updates analysis
- Location Quotients Analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Product Mix Matrix
- Vendor Management
- Cost Benefit Analysis
- Supply chain optimization analysis
- Patent Analysis
- Carbon Footprint Analysis
- R & D Analysis
- Mergers and Acquisitions
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