Global Brain-Computer Interface (BCI) Market Size By Product, By Application, By End-User, Geographic Scope And Forecast

Report Highlights

Brain-Computer Interface (BCI) Market Size And Forecast

Brain-Computer Interface (BCI) Market was valued at USD 1.00 Billion in 2018 and is projected to reach USD 2.8 Billion by 2026, growing at a CAGR of 14.2% from 2019 to 2026.

The Brain-Computer Interface (BCI) Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Brain-Computer Interface (BCI) Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Brain-Computer Interface (BCI) Market Overview

The growth of the global brain-computer interface (BCI) market is driven by the increasing prevalence of neurogenerative disorders such as Alzheimers and Parkinson's disease and epilepsy. According to a report published by the World Health Organization (WHO), around 82 million people are anticipated to be affected by dementia disease by 2030 and this figure would surpass 152 million by 2050. These figures indicate that the demand for brain-computer interface (BCI) will surely increase.

This report provides an all-inclusive environment of the analysis for the Brain-Computer Interface (BCI) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Brain-Computer Interface (BCI) Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Brain-Computer Interface (BCI) Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Brain-Computer Interface (BCI) Market.