Neuroprosthetics Market 2022 : Report Analysis By CAGR, Trends, Major Players - Medtronic plc, Cochlear Ltd, Abbott Laboratories, Boston Scientific, LivaNova Plc

The global neuroprosthetics market report by the business research company identifies the rising patient population suffering from neurological disorders and nerve injuries is expected globally to be a major growth driver for the neuroprosthetics market. Neurological disorders are referred to as disorders that affect the brain and the nerves present in the human body and the spinal cord. Nerve injuries are the damage caused to nerves due to pressure, cuts, or stretching during an accident or any unpredicted event. Neuroprosthetics help patients with such disorders and injuries to restore their lost motor and sensory functions. For instance, according to the Global Burden of Disease Study 2019, a study conducted by the Indian Council of Medical Research and other public health institutions, the contribution of non-communicable neurological disorders to total disability-adjusted life-years in India increased to 8.2% and the contribution of injury-related neurological disorders increased to 0.6%. Therefore, the growing patient population suffering from neurological disorders and nerve injuries is driving the growth of the neuroprosthetics market.

The global neuroprosthetics market size is expected to grow from $7.1 billion in 2021 to $8.04 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global neuroprosthetics market size is expected to grow to $13.77 billion in 2026 at a CAGR of 14.4%.

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North America was the largest region in the neuroprosthetics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global neuroprosthetics market during the forecast period. The regions covered in the global neuroprosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the neuroprosthetics market are Medtronic plc, Cochlear Ltd, Abbott Laboratories, Boston Scientific, LivaNova Plc, Second Sight Medical Products Inc, MED-EL, Retina Implant AG, Sonova, Neuropace, NDI Medical LLC, Demant AS, Oticon, St. Jude Medical Inc, Biomet Inc.

The global neuroprosthetics market is segmented -
1) By Type: Motor Neuroprosthetics, Auditory Neuroprosthetics/ Cochlear implants, Visual Neuroprosthetics/ Retinal implants, Cognitive Neuroprosthetics

2) By Technique: Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Transcranial Magnetic Stimulation

3) By Application: Motor Neuron Disorders, Physiological Disorders, Cognitive Disorders

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The Neuroprosthetics Market Report Contents Include
1. Executive Summary
2. Neuroprosthetics Market Characteristics
3. Neuroprosthetics Market Trends And Strategies
4. Impact Of COVID-19 On Neuroprosthetics
5. Neuroprosthetics Market Size And Growth
....
26. Africa Neuroprosthetics Market
27. Neuroprosthetics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Neuroprosthetics Market
29. Neuroprosthetics Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Neuroprosthetics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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