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Key Influencer in the Brain Computer Interface Market 2025: Rising Geriatric Population A Catalyst For Brain-Computer Interface Expansion Driver

02-21-2025 09:48 AM CET | Health & Medicine

Press release from: The Business Research Company

Brain Computer Interface Market Size

Brain Computer Interface Market Size

Which drivers are expected to have the greatest impact on the over the brain computer interface market's growth?
The surge in the worldwide ageing population is anticipated to stimulate the expansion of the brain-computer interfaces industry. The term 'geriatric population' pertains to individuals aged 65 and above. With populations growing older, the incidence of significant debilitating neurological conditions sharply rises with age, boosting the need for treatment, rehabilitation, and support services for neurological disorders like brain-computer interfaces. In the elderly demographic, brain-computer interfaces play a crucial role in enhancing elderly individuals' motor/cognitive faculties to combat the impacts of ageing, managing household devices, facilitating daily communication, empowering an exoskeleton to boost the body's joint strength, and aiding other daily activities. For example, according to a study published by the Pew Research Center, a US-based institution, in January 2024, the geriatric population percentage will escalate from 0.2% to 0.5% in 2054. As a result, the growing global geriatric population is a significant factor spurring the growth of the brain-computer interface market.

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What is the future CAGR of the brain computer interface market, and how will it impact industry expansion?
The market size of the brain-computer interface has seen a significant expansion in the previous years. The projection shows it increasing from $2.05 billion in 2024 to $2.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.6%. The growth experienced in the past era is due to the escalated demand for support technologies for disabled individuals, expansion in uses of BCIs in healthcare and rehabilitation sectors, heightened interest in gaming and entertainment through BCIs, government backing and provision for BCI research and development, and advancements in signal processing and machine learning algorithms.

In the forthcoming years, the market size of the brain-computer interface is anticipated to experience a fast-paced expansion. The market is forecasted to reach $4.13 billion by 2029, with a compound annual growth rate (CAGR) of 14.9%. The growth throughout this period can be ascribed to the surge in investment within bci startups and innovation, usage of bcis in education and skills enhancement, improvement of data privacy and security measures for bcis, regulatory evolutions to boost bci market growth, and heightened interest in brain-computer interfaces for human and AI augmentation. Noteworthy trends expected in this period encompass bcis and artificial intelligence, miniaturization and wearable bcis, brain-to-cloud connectivity, neuroethics and data privacy, and the inclusion of brain-computer interface in education.

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What are the most significant trends transforming the brain computer interface market today?
Top firms in the Brain-Computer Interface market are prioritizing advances in technology such as electroencephalography (EEG) sensors, cutting-edge machine learning algorithms, and non-intrusive techniques for neural signal processing to boost the precision and usability of BCI systems. This enhances the natural interaction between users and technology. Electroencephalography (EEG) is a non-invasive sensor technology that captures electrical brain activity using electrodes positioned on the scalp, which enables real-time tracking of cognitive states. For instance, in September 2024, Neurable Inc, a leading neurotechnology company in the US specializing in AI-driven tools, introduced their first smart Brain-Computer. The headphones are integrated with EEG sensors within the ear pads, which record and process brain signals. This facilitates the creation of comprehensive brainwave data that gives an insight into focus levels and cognitive performance.

Which key market segments comprise the brain computer interface market and drive its revenue growth?
The brain computer interface market covered in this report is segmented -

1) By Type: Invasive Brain Computer Interface, Partially Invasive Brain Computer Interface, Non Invasive Brain Computer Interface, Other Types
2) By Component: Hardware, Software
3) By Application: Healthcare, Disabilities Restoration, Brain Function Repair, Smart Home Control, Communication and Control, Entertainment and Gaming
4) By End-User: Medical, Military, Other End-Users

Subsegments:
1) By Invasive Brain Computer Interface: Intracortical Interfaces, Deep Brain Stimulation Systems
2) By Partially Invasive Brain Computer Interface: ECoG (Electrocorticography) Interfaces, Subdural Grid Interfaces
3) By Non-Invasive Brain Computer Interface: EEG (Electroencephalography) Interfaces, fNIRS (Functional Near-Infrared Spectroscopy) Interfaces, MEG (Magnetoencephalography) Interfaces
4) By Other Types: Hybrid Interfaces, Wireless Brain Computer Interfaces

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What regions are at the forefront of brain computer interface market expansion?
North America was the largest region in the brain computer interface market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain computer interface market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the brain computer interface market?
Major companies operating in the brain computer interface market include Natus Medical Incorporated, NextMind SAS, Compumedics Neuroscan, Brain Products GmbH, Integra LifeSciences Corporation, Emotiv Inc., NeuroSky Inc., ANT Neuro GmbH, Neuroelectrics, Nihon Kohden Corporation, Blackrock Neurotech, Cadwell Industries Inc., Advanced Brain Monitoring Inc., NIRx Medical Technologies LLC, g.tec medical engineering GmbH, Medtronic plc, MindMaze, CGX A Cognionics Company, Mind Technologies Inc., CorTec GmbH, Neuralink Corp., ClearPoint Neuro Co., Paradromics Inc., Higgs Boson Health, BrainScope Co. Inc., Neuromatters LLC, InteraXon Inc., Syncron International AB, Wispr AI, Inner Cosmos Inc., Neurolutions Inc.

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What Is Covered In The Brain Computer Interface Global Market Report?

•Market Size Forecast: Examine the brain computer interface market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the brain computer interface market for a structured understanding.
•Key Players Overview: Analyze major players in the brain computer interface market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the brain computer interface market.
•Segment Contributions: Evaluate how different segments drive overall growth in the brain computer interface market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the brain computer interface market.
•Industry Challenges: Identify potential risks and obstacles affecting the brain computer interface market.
•Competitive Landscape: Review strategic developments in the brain computer interface market, including expansions, agreements, and new product launches.

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