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Global Neuroprosthetics Market is on the rise with Top Players Like: Boston Scientific Corporation, Zimmer Biomet,., Cochlear Ltd, Medtronic, NDI Medical, LLC, NeuroPace, Inc

01-17-2020 12:51 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Global Neuroprosthetics Market

Global Neuroprosthetics Market

Global Neuroprosthetics Market By Type (Motor Prosthetics, Auditory Prosthetics/Cochlear Implants, Cognitive Prosthetics, Visual Prosthetics/Retinal Implants), Technique (Deep Brain Stimulation, Vagus Nerve Stimulation, Spinal Cord Stimulation and Sacral Nerve Stimulation), Application (Motor Neuron Disorders, Physiological Disorders, Cognitive Disorders), End User (Hospitals, Clinics), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis:

Global Neuroprosthetics Market is expected to rise from its initial estimated value of USD 10.3 billion in 2018 to an estimated value of USD 33.3 billion by 2026, registering a CAGR of 15.8% in the forecast period of 2019-2026. The technical advancement is the main factor to rise in the market.

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Key Market Competitors: Global Neuroprosthetics Market

Few of the major competitors currently working in the global neuroprosthetics market are Boston Scientific Corporation, Zimmer Biomet,., Cochlear Ltd, Medtronic, NDI Medical, LLC, NeuroPace, Inc., Nevro Corp, Retina Implant AG, Abbott.,Sonova, SensArs,  CorTec GmbH, Neuro Device Group S.A, LivaNova PLC, MED-EL, Second Sight and few among others

Competitive Analysis: Global Neuroprosthetics Market

Global neuroprosthetics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of neuroprosthetics market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Developments in the Market:

In January 2019, CBinsights plublished a list of 21 new startups which are investing in Neuroprosthetics device market. These startups are capturing the market with innovative devices formed for Neuroprosthetics process.
In October 2018, the miniaturized electronic platform has been developed by scientist. The platform will stimulate and records the peripheral nerve fibers on a chip.

Market Definition: Global Neuroprosthetics Market

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. It detects electrical activity in the motor cortex of the brain. The electrical signals transmitted to series of computer.

Market Drivers

Increasing prevalence of neurological disorders
Rising geriatric population
Increasing awareness among people
Involvement of government support
Demand for cost-effective and technologically advanced implants

Market Restraints

Issues related to reimbursement schemes
High cost of neuroprosthetics devices
High procedure cost

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Segmentation: Global Neuroprosthetics Market

By Type

Motor Prosthetics
Auditory Prosthetics/Cochlear Implants
Cognitive Prosthetics
Visual Prosthetics/Retinal Implants

By Technique

Deep Brain Stimulation
Vagus Nerve Stimulation
Spinal Cord Stimulation
Sacral Nerve Stimulation

By Application

Motor Neuron Disorders
Parkinson’s disease
Epilepsy
Physiological Disorders
Auditory Processing Disorders
Ophthalmic Disorders
Cardiovascular Disorders
Kidney Diseases
Cognitive Disorders
Alzheimer’s disease
Severe depression

By End- User

Hospitals
Clinic

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Reasons to Purchase this Report

Current and future of global neuroprosthetics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Contact:

Data Bridge Market Research

US: +1 888 387 2818   

UK: +44 208 089 1725   

Hong Kong: +852 8192 7475

Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.           

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