Neuroprosthetics: Technologies and Global Markets

Report Code: MDS098A

Publish Date: Oct 2023

Publisher: BCC Publishing

Category: Medical Devices And Surgical

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Report Highlights

The global neuroprosthetics market reached $5.0 billion in 2022, should reach $5.4 billion by 2023 and $8.1 billion by 2028 with a compound annual growth rate (CAGR) of 8.3% during the forecast period of 2023-2028.

Report Includes

  • 32 data tables and 49 additional tables
  • A comprehensive overview and an up-to-date analysis of the global market for neuroprosthetics
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
  • An estimate of the actual market size and a revenue forecast for the global neuroprosthetics market in USD millions, and a corresponding analysis of market share based on product, type of stimulation technology, application and region
  • In-depth information (facts and figures) related to the major factors influencing the growth of this market with respect to challenges, upcoming technologies, future prospects and contributions to the overall market
  • A discussion of ESG developments in the neuroprosthetics market, along with insight into the importance of ESG, consumer attitudes towards sustainability, an assessment of risks and opportunities, and the ESG practices followed by product manufacturers and other industry participants
  • A patent analysis with significant allotments of key patent awarded in neuroprosthetics
  • A review of recent mergers and acquisitions (M&A) activity and venture funding
  • Identification of leading and emerging companies in the global neuroprosthetics market, and an analysis of the competitive landscape based on recent developments, segmental revenues and operational integration
  • Profiles of leading companies

Report Scope

This research study aims to thoroughly assess and analyze the neuroprosthetics market, revenue forecasts and future trends, globally, and to provide strategic recommendations for the success of market participants. The scope of the study is global. Current and projected market forecasts during the forecast period (2023 to 2028) are discussed. Figures for 2023 are estimated, except where actual results have been reported. This report includes forecasts by product type, application and region from 2023 through 2028.

This report also includes an analysis of leading and emerging competitors in the worldwide neuroprosthetics market. Profiles of leading product manufacturers and emerging players with novel products in development are also analyzed. This report assesses companies poised to introduce products during the forecast period and discusses how these introductions will change the face of the competitive environment.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $5.0 billion
Market size forecast $8.1 billion
Growth rate CAGR of 8.3% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered Product Type, Application, Region
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Canada, Germany, France, U.K., Italy, Spain, Switzerland, Denmark, Norway, Poland, Belgium, Austria, Netherlands, Sweden, Russia, China, Japan, India, Australia, South Korea, New Zealand, Taiwan, Singapore, Malaysia, Thailand, Philippines, Indonesia, Latin America, Middle East and Africa
Key Market Drivers
  • Favorable Demographic Trends
  • Technological Advancements
  • Support from Regulatory Agencies
  • Increasing Pressure to Cut Costs
  • Robust Funding Environment for Biomedical Research
  • Unpenetrated Market
Companies studied
ABBOTTAXONICS INC.
BIOVENTUSBLACKROCK NEUROTECH
BOSTON SCIENTIFIC CORP.COCHLEAR LTD.
CYBERDYNE INC.MED-EL MEDICAL ELECTRONICS
MEDTRONICNEUROPACE INC.
PARADROMICSSONOVA
SYNCHRONVIVANI MEDICAL INC.
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Frequently Asked Questions (FAQs)

The global neuroprosthetics market was valued at $5.0 billion in 2022. The market is projected to reach $8.1 billion in 2028, growing at a CAGR of 8.3% during the forecast period.
  • Favorable demographic trends and increasing prevalence of neurological disorders.
  • Technological advancements.
  • Support from regulatory agencies.
  • Increasing pressure to curtail healthcare costs.
  • Robust funding environment for biomedical research.
An in-depth analysis of the global neuroprosthetics market, including historical data and market projection on sales by product type, application, and region.
By product type, neuroprosthetics for movement restoration segment is anticipated to dominate the market by the end of 2028.
North America holds the highest market share in the market in terms of region.
Key companies in the market include,
  • Medtronic Plc,
  • Abbott Laboratories,
  • Boston Scientific Corp., and
  • Cochlear Ltd.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Neuroprosthetics: Technologies and Global Markets168Free
Chapter- 1: Introduction6Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Market Overview 4Free
Chapter- 4: Market Dynamics8Free
Chapter- 5: Market Breakdown by Product Type36Free
Chapter- 6: Market Breakdown by Application7Free
Chapter- 7: Market Breakdown by Region24Free
Chapter- 8: ESG Development6Free
Chapter- 9: Emerging Technologies and Development 5Free
Chapter- 10: Clinical Trials13Free
Chapter- 11: Competitive Intelligence9Free
Chapter- 12: Company Profiles45Free
Chapter- 13: Appendix1Free

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Neuroprosthetics: Technologies and Global Markets
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