Press release
Brain Implants Market Expected to Hit USD 16.21 Billion by 2034 | CAGR: 9.8%
The market for brain implants is poised to register a robust CAGR of 9.8% during 2025-2034, according to the latest research report by Polaris Market Research. The market was valued at USD 6.38 billion in 2024 and is projected to grow to USD 16.21 billion by 2034.
What Are Brain Implants?
Brain implants, also known as neural implants, are medical devices placed directly into or on the surface of the brain to interact with its neural activity. These implants are designed to monitor, stimulate, or regulate brain function. They are used to treat several neurological conditions, restore lost sensory or motor functions, or enhance brain-computer communication.
Brain implants work by transmitting electrical signals to and from the brain. This allows them to either stimulate specific brain regions or record neural activity. One of the most well-known types of brain implants is the deep brain stimulator (DBS), which is used to treat disorders like Parkinson's disease, epilepsy, and obsessive-compulsive disorder by sending electrical impulses to targeted brain areas. Brain implants can be either invasive (implanted inside the brain tissue) or non-invasive (placed on the skull or scalp), depending on the purpose and required precision.
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What's Propelling Market Forward?
The market for brain implants is driven by several factors, including:
Advancements in Neurotechnology and Brain-Computer Interfaces: Ongoing advancements in neurotechnology and brain-computer interface (BCI) systems are significantly contributing to the market growth. Recent studies have highlighted the potential of BCIs in restoring sensory functions, driving the increased adoption of such implants.
Regulatory Approvals and Government Initiatives:
Government initiatives aimed at promoting innovation in neurotechnology are also contributing to the brain implants market expansion. In February 2025, the U.S. Food and Drug Administration (FDA) approved Medtronic's BrainSense Adaptive Deep Brain Stimulation (aDBS) system for treating Parkinson's disease. Such regulatory endorsements are validating the safety and efficacy of advanced brain implant technologies and encouraging further R&D in the field.
Brain Implants Market Developments
January 2025: Boston Scientific revealed the acquisition of Bolt Medical, a firm known for its intravascular lithotripsy technology, in a deal valued up to USD 900 million. The move is intended to strengthen Boston Scientific's capabilities in treating coronary artery disease.
August 2024: Medtronic secured FDA approval for its Asleep Deep Brain Stimulation (DBS) surgery, marking the first procedure of its kind to be approved. This milestone expands treatment options for patients with Parkinson's disease and essential tremor in the U.S., while enhancing both surgical precision and patient comfort.
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Brain Implants Market Report Highlights
• By product segment, deep brain stimulators hold the largest market share in 2024 due to their widespread use in treating movement disorders such as Parkinson's disease.
• By region, North America held the largest brain implants market share in 2024, primarily due to its advanced healthcare infrastructure and significant investments in research and development.
Who Are Market Key Players?
The competitive landscape features global and regional players competing through innovation and strategic alliances. A few of the major market participants include:
• Abbott Laboratories
• Aleva Neurotherapeutics SA
• Boston Scientific Corporation
• Fisher Wallace Laboratories, LLC
• Functional Neuromodulation Ltd.
• LivaNova PLC
• Medtronic plc
• NDI Medical, LLC
• NeuroPace, Inc.
• NeuroSigma, Inc.
• Paradromics Inc.
• Renishaw Plc
• SceneRay Co., Ltd.
• Stimwave LLC
• Synchron Inc.
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Which Segment Leads Market Demand?
• The brain implants market segmentation is primarily based on product, application, and region.
• By product, the deep brain stimulators segment leads the market. The segment's dominance is primarily attributed to its effectiveness in treating neurological disorders such as epilepsy, Parkinson's disease, and essential tremors.
• By application, the Parkinson's disease segment is projected to register the fastest growth, driven by the rising prevalence of the disease and the growing adoption of DBS as an effective treatment option.
Brain Implants Market, Product Outlook (Revenue - USD Billion, 2020-2034)
• Deep Brain Stimulators
• Spinal Cord Stimulators
• Vagus Nerve Stimulators
Brain Implants Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Chronic Pain
• Epilepsy
• Parkinson's Disease
• Depression
• Essential Tremor
• Alzheimer's Disease
• Others
Which Region Leads Market Growth?
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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