Ongoing Innovations in Neural Implant Technology Catalyzing

United States, Rockville MD, September 5, 2022 (GLOBE NEWSWIRE) — According to new industry analysis by Fact.MR, a provider of market research and competitive intelligence, the global brain implant market it is currently valued at around US$6.6 billion and is projected to expand rapidly at a CAGR of 11% through 2027.

One of the main drivers of market growth is the increasing prevalence of neurological disorders such as Parkinson’s disease, Alzheimer’s disease and epilepsy, as well as the growing awareness of the benefits of brain implants and the fruitful results of research.

For critical information in brain implants Market, Request a sample report

Furthermore, a major driver of the market is the increasing rate of neurological disorders worldwide.

  • According to the WHO, neurological disorders are one of the leading causes of death worldwide, accounting for 13.2% of deaths in rich countries and 16.8% in low- and middle-income countries. They also contribute 6.3% to the global burden of disease.

Because of this, it is now clinically urgent to use long-term therapies such as deep brain and spinal cord stimulators. Additionally, sadness caused by stress and weight is becoming more common around the world, driving sales of brain implants.

What makes the United States a profitable market for neural implant providers?

“Effective Neural Implant Treatment Results Due to Qualified Physicians and Increasing Cases of Alzheimer’s Disease”

The brain implant market in the United States is expected to expand rapidly. This is due to several factors, such as an increase in the prevalence of neurological diseases, a high public awareness of available treatments, a well-developed health infrastructure, and the presence of morally upright doctors.

According to medical experts, brain implants are the most effective type of treatment for depression in the country.

  • The number of new and active cases of Alzheimer’s disease will increase along with the number of older people in the United States, predict statistics provided by Alzheimer’s Disease Facts & Figures.
  • The number of people aged 65 and older with Alzheimer’s disease is projected to rise to 12.7 million by 2050 if no medical advances are made to prevent, treat or cure the disease.

To learn more about brain implants Market, you can contact our Analyst at

Key segments covered in the brain implants industry survey

  • By product:
    • deep brain stimulators
    • spinal cord stimulators
    • vagus nerve stimulators
  • By application:
    • Chronic pain
    • Epilepsy
    • Parkinson’s disease
    • Depression
    • essential tremor
    • Alzheimer disease
    • obsessive compulsive disorder
    • Multiple sclerosis
    • Dementia
  • By end user:
    • hospitals
    • Neurological Centers
    • Specialized Clinics
    • Others
  • By region:
    • North America
    • Latin America
    • Europe
    • east asian
    • South Asia and Oceania
    • MEA

winning strategy

  • US neurotech start-up Neuralink is becoming popular around the world as a result of testing a new brain implant in the sow Gertude.
See also  Surging Demand for Off-Road Vehicles to Set Stage for

Companies in the brain implant industry are modeling their development on prototype computer chips that wirelessly send information about an animal’s neurological activity to a screen. These scientific studies are being carried out to find a cure for dementia and Parkinson’s disease.

As a result, advances in the neurotechnology industry are creating job opportunities for scientists, experts, and others. Experts frequently express skepticism in response to research demonstrations, encouraging companies to make technological adjustments on the fly.

Get customization at brain implants Market Report for specific investigation solutions

key players in the brain implants Market

  • medtronic plc
  • Boston Scientific Corporation
  • St Jude Medical, Inc (Abbott)
  • Synapse Biomedical Inc
  • Nevro Corporation
  • NDI Medical LLC
  • Terumo Corporation
  • Edwards Lifesciences Corporation

Key takeaways from brain implants Market study

  • Brain implant sales are expected to grow at a CAGR of 11% between 2022 and 2027.
  • The United States and China are expected to be profitable markets for brain implants due to the presence of major companies and respective government support for R&D for the improvement of brain implant products.
  • The significant cost of brain implants, the involvement of highly-skilled medical professionals, and cutting-edge technology and methodologies used in modern neurological practices are some of the major barriers to market expansion, as low-income patients are unable to afford These expenses.
  • Elon Musk’s groundbreaking startup ‘Neuralink’ is expected to boom in the market.
  • Another major factor that is driving the demand for brain implants is the adoption of AI. Artificial intelligence technologies are being used in brain implants that have exciting possibilities for turning thoughts into images.

Explore Fact.MR’s Coverage in the Health Domain

Fluid management market – Demand for intravenous administration of fluids and medications to chronically ill and dehydrated patients unresponsive to oral therapy is anticipated to leverage the infusion therapy market. Projections indicate a modest CAGR of 5.3% over the forecast period.

Blood Transfusion Diagnostic Market – The demand for blood transfusions has increased in recent years. This is attributed to a large number of patients undergoing surgical procedures for various chronic diseases, such as aplastic anemia, sickle cell anemia, and leukemia. This has led key players to focus on research and development of advanced instruments, assays and kits in blood banks and hospitals.

Genetic Testing Services Market – The Genetic Testing Services Market is expected to expand at a solid CAGR of 7.6% during the forecast period, 2020-2025. The global market is projected to reach a value of US$64.1 billion by the end of 2025.

High Flow Nasal Cannula Market – According to the Global Burden of Disease Study, 2013, about 300 million people suffered from COPD during that year. This is attributed to the growing addiction to smoking, the deterioration of air quality and the increase in pollution around the world. The prevalence of respiratory disorders will further boost the market outlook.

See also  Amkor Technology (AMKR) is scheduled to post quarterly earnings on Monday

Orthopedic Devices Market – The global orthopedic devices market is poised to grow moderately at a CAGR of 4.0% during the forecast period (2020-2026). This growth trajectory is attributed to the prevalence of a wide range of orthopedic disorders such as osteoarthritis, rheumatoid arthritis, fibromyalgia, and juvenile arthritis. This is attributed to the prevalence of the aging population, changes in lifestyle and obesity.

Immunoglobulins market – The neurology segment maintained the highest market share throughout the historical period, comprising almost 2/5 of the global immunoglobulin market. This trend is expected to continue throughout the forecast period. The immunology segment accounted for the second largest share in the global immunoglobulin market and is poised to capture more than 35% market share during the forecast period.

High Performance Liquid Chromatography (HPLC) Market – HPLC testing is a sophisticated and expensive analytical technique, widely used in food processing, as well as in the clinical diagnosis of diseases or disorders. It is used for drug analysis, molecule separation and environmental monitoring in the pharmaceutical industry.

Medical Holography Market – The medical holography market was valued at US$447.8 million in 2019 and is projected to reach a cumulative value of US$3.5 billion by 2026, posting a stellar CAGR of 34.0% over the entire period of forecast. This is in response to the growing demand for medical holography imaging.

ophthalmic drug market – The global ophthalmic drugs market will gain moderate traction during the forecast period (2020-2025), registering a CAGR of 4.2%. There is an increase in the incidence of eye-related diseases, particularly in developing countries, in recent years.

About us:
Consulting and market research agency with a difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find information, we believe our USP is the trust clients have in our expertise. Covering a wide range, from automotive and industry 4.0 to healthcare and retail, our coverage is broad, but we make sure that even the most specific categories are analyzed. Our sales offices in the United States and Dublin, Ireland. Headquarters in Dubai, United Arab Emirates. Contact us with your goals and we will be a capable research partner.

mahendra singh
US Sales Office:
11140 Rockville Pike
suite 400
Rockville, MD 20852
Email: [email protected]
Phone: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Leave a Comment