Press release
Brain Implants Market Supply-Demand, Investment Feasibility and Forecast 2032
Global Brain Implants Market
A significant market driver is the rising prevalence of neurological illnesses. For instance, according to the WHO, neurological illnesses are one of the leading causes of death worldwide, accounting for 13.2% of fatalities in affluent nations and 16.8% in low- and middle-income nations. They also contribute 6.3% to the global disease burden. Due to this, it is now clinically urgent to use long-term therapies such deep brain and spinal cord stimulators. Additionally, sadness brought on by stress and weight is becoming more common worldwide.
The ageing population, an increase in the prevalence of neurological illnesses, and technological developments in devices are the main drivers of market growth for brain implants. The demand for brain implants is expected to rise due to the rise in neurological conditions like Alzheimer's, epilepsy, Parkinson's, depression, and essential tremors. Parkinson's disease is thought to affect 7 to 10 million people globally, and 60,000 Americans are diagnosed with it each year, according to Parkinson's News Today 2021. This suggests that the market is expected to increase significantly. The Parkinson's Foundation 2020 estimates that by 2030, there will be 1.2 million persons living with Parkinson's disease in the United States. Brain implants are likely to reduce the need for drugs that relieve chronic pain and improve body movement in patients suffering from Parkinson's or any other neurological disease.
The market for brain implants is projected to grow significantly between 2023 and 2032. This is because neural implants are increasingly being used to treat disease, enhance memory, rehabilitate brain-based problems, and interact with prosthetic limbs. Additionally, deep brain stimulation's growing acceptance as a secure and effective treatment for Parkinson's patients will create more growth prospects for the business in the years to come. Electrodes are implanted into specific regions of the brain during a surgical technique known as deep brain stimulation. The electrical impulses generated by these implanted electrodes later control the aberrant impulses. Brain implants are being deployed to treat various neurological dysfunctions and have emerged as a promising field of research for enhancing cognitive abilities.
This report examines all the key factors influencing growth of global Brain Implants market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Brain Implants market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Brain Implants Market: Major Players
Nevro Corporation
St. Jude Medical
LivaNova
Ekso Bionics
Medtronic
Boston Scientific
Abiomed, Inc.
Sapiens Neuro
Terumo Corporation
Abbott
Cochlear, Ltd.
NeuroPace Inc.
Edwards Lifesciences Corporation
NDI Medical LLC
Global Brain Implants Market: Types
Deep brain stimulator
Spinal cord stimulator
Vagus nerve stimulator
Global Brain Implants Market: Applications
Chronic Pain
Epilepsy
Parkinson’s disease
Depression
Essential tremor
Alzheimer’s disease
Global Brain Implants Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Brain Implants market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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