Press release
Neuroplasticity Enhancement Devices Market to Reach USD 71.40 Billion by 2034 | CAGR: 27.1%
The neuroplasticity enhancement devices market has seen a rapid increase in recent years. The market was valued at USD 6.51 billion in 2024. It is expected to grow to USD 71.40 billion in 2034, at a CAGR of 27.1% from 2025 to 2034.
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What Are Neuroplasticity Enhancement Devices?
Cognitive training programs designed to enhance functions such as memory, attention, and interpretation have been shown to induce changes in neuroplasticity. These changes are considered to contribute to improvements in cognitive performance observed after cognitive training. Also, such training improves working memory capacity, with imaging studies revealing increased activity in the prefrontal and parietal cortex, indicating neuroplastic changes.
Brain stimulation methodologies, such as transcranial magnetic stimulation (TMS) and transcranial direct current stimulation (tDCS), are robust instruments that can modulate neuroplasticity. These non-invasive approaches can individually enhance or inhibit neuronal activities, leading to changes in brain function.
What Are Major Factors Contributing to Market Expansion?
Growing Elderly Population: Aging obviously decreases the brain's capacity to restructure and form new neural linkages. As per the World Social Report 2023, the global population of individuals aged 65 and older is projected to double, increasing from 761 million in 2021 to 1.6 billion by 2050.
Neuroplasticity-enhancing devices are important for sustaining cognitive operation and enhancing the standard of life, accelerating the neuroplasticity enhancement devices market growth.
Rising Cases of Depression: Depression often disrupts neural pathways and impairs brain plasticity, leading to difficulties in emotional control, remembrance, and attentiveness. Neuroplasticity enhancement devices, such as neurofeedback systems, transcranial magnetic stimulation (TMS) headsets, and cognitive training apps, assist in replacing wholesome neural linkages.
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What Companies Are at Forefront of Market Innovation?
Innovation and strategic decision making are crucial in the highly competitive landscape of the market. A list of key companies profiled in the market are:
BioSerenity
Blackrock Neurotech
BrainCo Inc.
BrainsWay
Ceribell, Inc.
EMOTIV
Flow Neuroscience
Neurable
Neuralink
NeuroPace, Inc.
Paradromics
Synchron
Neuroplasticity Enhancement Devices Industry Developments
August 2024: UC Davis Health unveiled a groundbreaking brain-computer interface (BCI) capable of translating brain signals into speech with up to 97% accuracy, making it the most precise system of its kind.
January 2024: Magstim received FDA clearance for its Horizon 3.0 transcranial magnetic stimulation (TMS) device, equipped with StimGuide Pro, to treat patients with depressive and obsessive-compulsive conditions.
January 2024: BrainsWay initiated two feasibility studies to explore a novel transcranial magnetic stimulation (TMS) system aimed at treating stroke and obsessive-compulsive disorder (OCD).
Which Segments Are Driving Market Development?
The neuroplasticity enhancement devices market is segmented into product type, application mode, end user, and region.
Based on product type, the transcranial magnetic stimulation (TMS) devices segment held the largest market share in 2024 owing to their proven efficacy in curing neurological and psychiatric illnesses.
Based on end user, the hospitals & clinics segment dominated the market share in 2024 owing to their extensive adoption of progressive brain stimulation and neurofeedback technologies. Healthcare experts are increasingly combining these devices into cure schemes for neurological illnesses, mental health situations, and post-stroke recovery.
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What Are the Regional Insights?
North America led the market share in 2024, driven by its robust healthcare infrastructure, high adoption of advanced neurotechnologies, and rising prevalence of neurological disorders. The region benefited from the presence of major medical device companies, substantial research investments, and increasing awareness of neuroplasticity's therapeutic benefits.
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