Brain Computer Interface BCI Market 2025: Business Plans, Inventive Technology, and Growth Factors: Cadwell Industries, Inc, Nerusky, Inc, Advanced Brain Monitoring, ANT Neuro B.V, Nihon Kohden Corporation

Key drivers of the market include increasing prevalence of neuroprosthetic conditions, rising global geriatric population base, and the rising technological development facilitating communication and movement in paralytic patients. Furthermore, use of this technology in virtual gaming, home control systems and military communication enhances the applicability of the market, fueling its growth.

Increasing prevalence of neurodegenerative disorders is the foremost factor attributing for the growth of brain computer interface market over the forecast period. Alzheimer, Parkinson’s and epilepsy are expected to witness highest occurrence over the forecast period.

The key players of this industry involve Cadwell Industries, Inc, Nerusky, Inc, Advanced Brain Monitoring, ANT Neuro B.V, Nihon Kohden Corporation, Emotiv Systems, Inc, NeuroPace Inc, Blackrock Microsystems LLC, OpenBCI, Artinis Medical Systems B.V, Elekta AB, Mindmaze SA.

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Increasing global geriatric population base in both the developed and developing nation is expected to propel the brain computer interface market. Presently, there are more than 40 million people in the U.S. alone having age 65 and above and are anticipated to become more than double in 2050. The rising geriatric population is expected to heighten the susceptibility towards chronic conditions such as diabetes, cardiovascular disorder and sleep disorder.

Mobile and virtual gaming is expected to target the use of BCI technology in their VR (Virtual Reality) headsets and gaming contents. According to studies conducted there are about 1.2 billion gamers worldwide with over 1 billion VR gamers. The rising population of these gamers is expecting to propel the revenue of the gaming industry to roughly USD XX million by 2025, making this segment highly lucrative and one of the fastest growing during the forecast period.

Increasing R&D activities by various governments over BCI technology development and new applications is a chief factor promoting the growth of the market during the forecast period.

Product Insights:
On the basis of product, brain computer interface market is segmented into invasive, partially invasive, and non-invasive. Non-invasive BCI dominated the overall market in 2014 in terms of revenue share owing to high applicability of this technology into current products such as headsets, amplifiers and gaming sticks contributes to the massive revenue generation by this market. Furthermore, increasing usage of the product for home control and communication are expected to boost segment growth.

Application Insights:
On the basis of application, brain computer interface market is segmented into healthcare, communication and control, smart home control, and entertainment & gaming. BCI products and technology is currently used to gratify the needs of the healthcare, entertainment & gaming, smart home control and communication & control markets. BCI based healthcare market dominated the overall market in 2014 in terms of revenue share owing to high applicability of this technology in treatment of sleep disorders, neurological diseases, paralytic patients and in studying neuroscience.

End-Use Insights:
Medical segment dominated the overall market in 2014 in terms of revenue share owing to the increasing rising occurrence of target disorders and neurodegenerative conditions.

Military is expected to be the fastest growing end-use segment and is expected to grow at a lucrative CAGR by 2025. Medical end-use for BCI aims at providing handicapped patients with communication and movement skills. BCI assists in movement of patients with diseases such as Parkinsonism’s, epilepsy, paralysis and Alzheimer’s to carry out activities independently such operating wheelchairs, prosthetics and various other instruments.

Regional Insights
North American Brain computer interface market was the largest one accounting for about 40.0% of the market share in 2014. The region is characterized by rising occurrence of neurodegenerative diseases coupled with rising popularity of virtual gaming. The aforementioned factor is anticipated to drive BCI market in the region over the forecast period.

In Europe, the industry is anticipated to grow substantially owing to active measures taken by The European Commission for the patients with motor disabilities. In 2012, the EC commissioned EUR 2.3 million in support of a three-year project for the well-being of patients having motor disabilities.

Asia Pacific brain computer interface industry is anticipated to grow significantly over the forecast period particularly in developing regions such as Japan and China. Japan BCI market is characterized by technological advancements occurring which are expected to result in the availability of better options for healthcare personnel and individuals. New technology encompasses a wide array of applications designed to revolutionize the security, automation, communication and entertainment experience. China BCI market is anticipated to witness fastest growth.

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Table of Contents
1 Industry Overview of Brain Computer Interface (BCI)
2 Global Brain Computer Interface (BCI) Competition Analysis by Players
3 Company (Top Players) Profiles
3.1 Cadwell Industries, Inc
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Brain Computer Interface (BCI) Revenue (Million USD) (2013-2018)
3.1.5 Recent Developments
4 Global Brain Computer Interface (BCI) Market Size by Type and Application (2013-2018)
5 United States Brain Computer Interface (BCI) Development Status and Outlook
6 EU Brain Computer Interface (BCI) Development Status and Outlook
7 Japan Brain Computer Interface (BCI) Development Status and Outlook
8 China Brain Computer Interface (BCI) Development Status and Outlook
9 India Brain Computer Interface (BCI) Development Status and Outlook
10 Southeast Asia Brain Computer Interface (BCI) Development Status and Outlook
Continue . . .

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