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Brain Computer Interface Market Rising Trends, Business Opportunities and Growth Outlook Report with Major Players - Nihon Kohden , Mind Solutions , Advanced Brain Monitoring, Quantum Applied Science and Research, Cadwell Laboratories , OpenBCI, NeuroSky,

05-21-2019 07:16 AM CET | IT, New Media & Software

Press release from: Premium Market Insights

Brain Computer Interface Market Rising Trends, Business

Brain computer interface is also referred to as direct neural interface, synthetic telepathy interface, brain machine interface or mind machine interface. Brain computer interface (BCI) is a system that facilitates a direct communication channel between the brain and the peripheral devices, which are used to calibrate the movement in physically challenged individuals. A BCI system records the brain signals from the surface of the cortex, from devices implanted within the brain or from the sensors placed over the scalp.

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Some of the major players operating in the market are Nihon Kohden , Mind Solutions , Advanced Brain Monitoring, Quantum Applied Science and Research, Cadwell Laboratories , OpenBCI, Cortech Solutions, NeuroSky, Emotiv, Guger Technologies OEG

These signals are then transmitted to the peripheral device that enables the user to perform numerous tasks. With the help of a BCI system, the paralyzed and handicapped individuals can overcome their physical challenges and perform various day-to-day tasks. The primary function of the BCI device is to intercept the electrical signals that pass between the neurons and transmit them to an external device. Technological developments in the field of computation, human sensing, entertainment, gaming, and communication and control, is a major factor that will drive the BCI market.

Intensive research carried out to develop a cure for fatal brain disorders and injuries, and the rising number of government funding with a view to encourage BCI research studies are likely to boost the market. However, the ethical problem faced during the research i.e., to use BCI to treat patients whose informed consent cannot be obtained, can act as a restraint for the BCI market. In most of the cases, it is not possible to define or restrict the amount of information that can be retrieved from the patient. BCI is comparatively a na?ve technology and many of its applications are yet to be commercialized and are a part of laboratory research.

Key Benefits for Brain Computer Interface Market :

-The study provides an in-depth analysis of the brain computer interface market with current and future trends to elucidate the imminent investment pockets in the market
-Current and future trends are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
-The report provides information regarding key drivers, restraints and opportunities with impact analysis
-Quantitative analysis of the current market and estimations through 2013-
2020 are provided to showcase the financial appetency of the market
Porter's five forces model and a SWOT analysis of the industry illustrate the potency of the buyers and suppliers participating in the market
-Value chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the value chain

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