Neuroprosthetics Market to Register an Impressive CAGR of 12.4% during 2018 – 2023 | Global Key Vendors (Abbott, Boston Scientific, Cochlear, Livanova, Med-El, Medtronic, NDI Medical, Neuropace, Nevro)

Marketprognosis.com Publish a New Market Research Report On “Global Neuroprosthetics Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Neuroprosthetics Market:

The report spread across 109 pages is an overview of the Global Neuroprosthetics Market. These report study based on the Neuroprosthetics Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Neuroprosthetics Market is expected to grow at a CAGR of 12.4% over the forecast period, 2018-2023. Neuroprosthetics is a branch of neuroscience and biomedical engineering concerned with developing neural prostheses. Neural prostheses are an array of devices that can substitute for the functions of a motor, sensory, or cognitive modality that may have been damaged because of an injury or a disease.

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It is expected that by 2020, more than 44 million American adults aged 20 or older are expected to suffer from hearing loss. Due to increasingly aging sections of the population, this number is projected to reach 73.5 million by 2060. The total population with hearing disorders in the United States will, therefore, increase from about 15% of adults to 22%. Research has also forecasted higher rates of hearing loss, partly due to the increasing exposure to loud sounds played through headphones and ear buds.

Furthermore, other means of exposure to loud sounds in busy cities or around loud machinery may lead to a higher rate of hearing loss. Cochlear implant is the oldest form of neuroprosthetic, which was approved for use by the U.S. Food and Drug Administration (FDA) in 1984. This device proves to be beneficial for people with deafness or severely hard-of-hearing. This device can also be used by patients who have experienced intense hearing loss caused by disease or injury, allowing them to hear sounds in their environment. Scientists continue to work on the technology of the external machinery and the design and positioning of the internal electrode to improve performance and provide more naturalistic sound. This will help drive the market in the forecast years. Along with this, other factors, such as the increasing number of patients suffering from neurological disorders and nerve injury and increasing cases of amputation due to the rising number of accidents & injuries will further drive the market in the future.

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The market is dominated by North America, followed by Europe. However, the APAC region is expected to witness the highest growth rate during the forecast period. The presence of emerging economies like China and India, large population, increasing funding and support for the launches of new products, and increasing neurological disorders in the region are some of the key factors driving the high growth of this regional segment.

Major Key Players:

1 Abbott

2 Boston Scientific

3 Cochlear

4 Livanova

5 Med-El

6 Medtronic

7 NDI Medical

8 Neuropace

9 Nevro

10 Retina Implant and More……….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

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

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Neuroprosthetics Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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