Press release
CAGR 15.8% Growth Estimated in Neuroprosthetics Market by 2024 | A report by Boston Scientific Corporation, Biomet, Cyberonics, Cochlear, Medtronic and others
Market Analysis:
Neuroprosthetic devices are bio medically engineered devices to be linked to the peripheral or central nervous system to enhance the cognitive, motor or sensory abilities. Global Neuroprosthetics Market accounted for USD 7.78 billion in 2016 and will be growing at a CAGR of 15.8% during the forecast period of 2019 to 2024. This upcoming market reports contain data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2019 to 2024
Get Exclusive Free Sample Report at: https://databridgemarketresearch.com/request-a-sample/?dbmr=global-neuroprosthetics-market
Major Market Competitors:
• Global neuroprosthetics market is dominated by
• Boston Scientific Corporation
• Biomet
• Cyberonics
• Cochlear
• Medtronic
• NDI Medical
• NeuroPace
• Nevro Corp
• Retina Implant AG
• St. Jude Medical
• Sonova
• SensArs
• CorTec GmbHamong others.
…And More GET DETAILED TOC AT: https://databridgemarketresearch.com/toc/?dbmr=global-neuroprosthetics-market
Major Market Drivers and Restraints:
• Increasing prevalence of neurological disorders
• Rising geriatric population
• Increasing awareness among people
• Involvement of government support
• Demand for cost-effective and technologically advanced implants
• Issues related to reimbursementschemes
• High cost of Neuroprostheticsdevices
• High procedure cost
Segmentation:
On the basis of application
• motor neuron disorders
• physiological disorders
• cognitive disorders
Motor neuron disorders is further sub segmented into
• Parkinson’s disease
• epilepsy
Physiological disorders are further sub-segmented into
• auditory processing disorders
• ophthalmic disorders
• cardiovascular disorders
• kidney diseases
Whereas cognitive disorders are sub-segmented into
• Alzheimer’s disease
• deveredepression
End user
• hospitals
• clinics
Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East
• Africa
Some of the major countries covered in this report are
• U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Analysis:
The global neuroprosthetics market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global neuroprostheticsmarketfor global, Europe, North America, Asia Pacific, and South America.
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