Global Neuroprosthetics Market to grow at a CAGR of 7.08% by 2019

About neuroprosthetics

Neuroprosthetics are implantable devices designed by combining neuroscience and biomedical engineering. These artificial implantable devices provide electrical stimulation that improves the functionality of a diseased nervous system. These devices either are implanted inside the body or can be worn externally. These are used either to replace a lost function of the body such as cognitive ability or to treat neurological conditions such as depression, chronic pain, epilepsy, or spinal cord injuries. Based on application, neuroprosthetics are segmented into cognitive devices and neuromodulation devices. Based on technology, neuroprosthetics are segmented into SCS system, DBS system, SNS system, VNS system, and others.

Technavio’s analysts forecast the global neuroprosthetics market to grow at a CAGR of 7.08% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global neuroprosthetics market for the period 2015-2019. To calculate the market size, we consider revenue generated from the sales of cochlear implants and neuromodulators.

Based on application, the market is segmented into the following:

Cognitive devices (cochlear implants)

Neuromodulation devices

Based on technology, the market is segmented into the following:

SCS system

DBS system

SNS system

VNS system

Others (transcranial magnetic stimulation, peripheral nerve stimulation, gastric electrical stimulation, diaphragm pacing, lower esophageal sphincter stimulation, and cortical stimulation systems)

 

Technavio’s report, Global Neuroprosthetics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global neuroprosthetics market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key regions

Americas

APAC

EMEA

 

Key vendors

Boston Scientific

Cochlear

MED-EL

Medtronic

Sonova

St. Jude Medical

 

Other prominent vendors

Autonomic Technologies

BrainGate

electroCore

Mainstay Medical

NeuroPace

Nevro

Oticon Medical

Soterix Medical

 

Key market driver

Growing prevalence of neurological disorder

For a full, detailed list, view our report

 

Key market challenge

Battery lifetime

For a full, detailed list, view our report

 

Key market trend

Overseas expansion

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Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

 

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