Neuroprosthetics Devices Market: Industry Analysis, Comapnies and Competitive Landscape by DelveInsight | Medtronic, Cochlear Ltd., Abbott, Boston Scientific Corporation, LivaNova, Second Sight Medical Products, Inc., MED-EL, Retina Implant AG, Sonova, Ne

DelveInsight's 'Neuroprosthetics Market Insights, Competitive Landscape and Market Forecast - 2030' report delivers an in-depth understanding of Neuroprosthetics Market and the historical and forecasted Neuroprosthetics Market market trends in the US, EU5 (Germany, Spain, Italy, France and United Kingdom) and Japan.

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Key Takeaways from the Neuroprosthetics Market Report
• As per an analysis by DelveInsight, North America is expected to dominate the overall Neuroprosthetics Market during the forecast period. The neuroprosthetics market was valued at USD 7.14 billion in 2023, growing at a CAGR of 12.75% during the forecast period from 2024 to 2030, to reach USD 14.64 billion by 2030.
• The leading Neuroprosthetics Companies such as Medtronic, Cochlear Ltd., Abbott, Boston Scientific Corporation, LivaNova, Second Sight Medical Products, Inc., MED-EL, Retina Implant AG, Sonova, NeuroPace, Inc., and others.
• In February 2024, Boston Scientific Corporation announced that the U.S. Food and Drug Administration (FDA) approved the WaveWriterTM SCS Systems for the treatment of chronic low back and leg pain. This system assists physicians in delivering individualized care for a broad range of lower back pain issues, allowing for tailored treatment strategies to address diverse patient needs.
• In January 2024, Abbott Laboratories announced that it granted FDA approval to market the Liberta RCTM DBS system. Liberta is the smallest rechargeable deep brain stimulation (DBS) device equipped with remote programming capabilities, designed to treat individuals with movement disorders such as Parkinson's disease and essential tremor.

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Neuroprosthetics Market Dynamics
The increasing prevalence of neurological disorders and nerve injuries is poised to drive significant growth in the neuroprosthetics market. According to data released by the World Health Organization (WHO) in April 2024, approximately 15.4 million people worldwide were living with spinal cord injuries in 2021. Similarly, the United Spinal Association reported in 2022 that around 17,700 individuals are diagnosed with spinal cord injuries annually in the United States. Neuroprosthetic devices, which restore motor function by stimulating muscles or nerves, have become crucial for individuals affected by such injuries. As the incidence of neurological conditions, especially spinal cord injuries, rises, so does the demand for neuroprosthetic solutions, accelerating market expansion.

Neuroprosthetics Market Segment Analysis
Neuroprosthetics Market by Type (Motor Prosthetics, Cognitive Prosthetics, Auditory Prosthetics/Cochlear Implants, and Visual Prosthetics/Retinal Implants), Procedure (Invasive and Non-Invasive), Technology (Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Spinal Cord Stimulation, Transcranial Magnetic Stimulation, and Others), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

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Neuroprosthetics Companies
Medtronic, Boston Scientific Corporation, Abbott Laboratories, NeuroPace, Inc., Cochlear Ltd., Sonova, NeuroSigma, Inc., Blackrock Neurotech, Synchron, LivaNova, Inc., MED-EL Medical Electronics, BrainGate, NEVRO CORP., Terumo Corporation, Penumbra, Inc., BrainCo, Inc., Axoft Inc., Demant A/S, Synapse Biomedical Inc., Cognixion, Inc., and others.

Neuroprosthetics Market Insights
Geographically, the global Neuroprosthetics market is studied for North America, Europe, Asia-Pacific, and the Rest of the World. In terms of revenue share North America currently leads the global market and is expected to remain constant during the forecast period. This domination is observed majorly owing to the growing cases of neurologic disorders, rising healthcare expenditure due to a strong economy, and the presence of well-established healthcare infrastructure.

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Neuroprosthetics Market Drivers and Barriers
The rising prevalence of neurological disorders and nerve injuries, growing amputations cases owing to the rising number of accidents & injuries, increased initiative towards research and development, and technological advancement, are considered as some of the major factors driving the demand for Neuroprosthetics. There is an anticipation of high demand for cochlear implants due to the prevalence of hearing loss increase among those older than 60 years boosting the Neuroprosthetics market.

Scope of the Neuroprosthetics Market Report
• Coverage- Global
• Neuroprosthetics Companies- Medtronic, Boston Scientific Corporation, Abbott Laboratories, NeuroPace, Inc., Cochlear Ltd., Sonova, NeuroSigma, Inc., Blackrock Neurotech, Synchron, LivaNova, Inc., MED-EL Medical Electronics, BrainGate, NEVRO CORP., Terumo Corporation, Penumbra, Inc., BrainCo, Inc., Axoft Inc., Demant A/S, Synapse Biomedical Inc., Cognixion, Inc., and others.
• Neuroprosthetics Market Key Factors Analysis, Competitive Landscape, Regulatory Analysis
• Neuroprosthetics Market Company and Product Profiles

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Table of Content
1. Neuroprosthetics Market Report Introduction
2. Neuroprosthetics Market Executive Summary
3. Competitive Landscape
4. Regulatory Analysis
5. Neuroprosthetics Market Key Factors Analysis
6. Neuroprosthetics Market Porter's Five Forces Analysis
7. Neuroprosthetics Market Assessment
8. Neuroprosthetics Market Company and Product Profiles
9. KOL Views
10. Project Approach
11. About DelveInsight
12. Disclaimer & Contact Us

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DelveInsight is a leading healthcare-focused market research and consulting firm that provides clients with high-quality market intelligence and analysis to support informed business decisions. With a team of experienced industry experts and a deep understanding of the life sciences and healthcare sectors, we offer customized research solutions and insights to clients across the globe. Connect with us to get high-quality, accurate, and real-time intelligence to stay ahead of the growth curve.

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