Press release
Neuroprosthetics Market Soars As Global Neurological Disorder And Nerve Injury Cases Surge Driving Market Acceleration in the Neuroprosthetics Industry, 2025
Neuroprosthetics Market
How Large Will the Neuroprosthetics Market Size By 2025?
In the last few years, the neuroprosthetics market has seen a swift expansion. The market, which stood at $10.27 billion in 2024, is forecasted to rise to $11.72 billion in 2025, registering a compound annual growth rate (CAGR) of 14.2%. The substantial growth observed in the historic period is a result of factors such as an aging population, government-led initiatives, advancements in research and development, regulatory approvals, and an increase in investment and funding.
How Big Is the Neuroprosthetics Market Size Expected to Grow by 2029?
In the upcoming years, the neuroprosthetics market is predicted to witness a swift expansion. The market is anticipated to reach a value of $20.61 billion in 2029, growing at a compound annual growth rate (CAGR) of 15.2%. This growth in the projected period can be credited to factors such as personalized medicine, the prevalence of chronic diseases, telemedicine services, global healthcare expenditure, and neurorehabilitation. Significant trends set to shape this period include brain-computer interfaces (bcis), developments in artificial intelligence (ai) and machine learning, non-invasive neuroprosthetics, sensory restoration, and biohybrid neuroprosthetics.
View the full report here:
https://www.thebusinessresearchcompany.com/report/neuroprosthetics-global-market-report
Which Key Market Drivers Powering Neuroprosthetics Market Expansion and Growth?
The neuroprosthetics market is forecasted to grow due to the increasing number of individuals afflicted with neurological disorders and nerve damage. Neurological disorders are conditions that impact the human brain, nerves, and spinal cord, while nerve injuries are typically the result of pressure, lacerations, or stretching often associated with accidents or unforeseen incidents. Neuroprosthetics are beneficial to these patients, assisting in the recuperation of lost motor and sensory capabilities. For example, the World Health Organization (WHO), a UN-affiliated health agency based in Switzerland, reported that 50 million people worldwide were living with epilepsy in 2022, with approximately 80% residing in underdeveloped or developing nations. Consequently, the expanding populace of patients coping with neurological disorders and nerve trauma is fueling the uptick in the neuroprosthetics market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6606&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Neuroprosthetics Market?
The field of neuroprosthetics is being transformed by advancements in technology. These enhancements in technology, which refer to the acquisition of knowledge that leads to the development of improved consumer products, are playing a crucial role in shaping the industry. An illustrative example of this is Axoft, a nanotechnology company based in the US, that in October 2022, unveiled new brain-machine interface (BMI) technology. This innovation features supple, adaptable implants fabricated from bio-inspired substances that emulate brain tissue, thereby improving long-term durability and mitigating the chances of infection or scarring. The pioneering design provides ultra-high bandwidth and consistent measurements at an individual neuron level, significantly improving the capacity to treat neurological conditions such as epilepsy and Parkinson's disease, whilst also reducing the necessity for regular replacements.
What Are the Emerging Segments in the Neuroprosthetics Market?
The neuroprosthetics market covered in this report is segmented -
1) By Type: Motor Neuroprosthetics, Auditory Neuroprosthetics/ Cochlear implants, Visual Neuroprosthetics/ Retinal implants, Cognitive Neuroprosthetics
2) By Technique: Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Transcranial Magnetic Stimulation
3) By Application: Motor Neuron Disorders, Physiological Disorders, Cognitive Disorders
Subsegments:
1) By Motor Neuroprosthetics: Functional Electrical Stimulation (FES) Systems, Brain-Machine Interfaces (BMIs), Prosthetic Limbs With Neural Control, Exoskeletons For Rehabilitation
2) By Auditory Neuroprosthetics Or Cochlear Implants: Cochlear Implants (Single and Multi-Channel), Auditory Brainstem Implants (ABI), Bone-Anchored Hearing Aids (BAHA)
3) By Visual Neuroprosthetics Or Retinal Implants: Retinal Prostheses, Optogenetic Implants, Visual Cortical Implants
4) By Cognitive Neuroprosthetics: Deep Brain Stimulation (DBS) Devices, Cognitive Enhancement Implants, Neurostimulation Devices For Cognitive Disorders
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6606&type=smp
Who Are the Global Leaders in the Neuroprosthetics Market?
Major companies operating in the neuroprosthetics market include Abbott Laboratories, Biomet Inc., Boston Scientific Corp., Cochlear Ltd., Demant AS, LivaNova plc, MED-EL GmbH, NDI Medical LLC, Neuropace Inc., Nevro Corp., Oticon US Inc., Retina Implant AG, Second Sight Medical Products Inc., Sonova Holding AG, St. Jude Medical Inc., Aleva Neurotherapeutics SA, Axonics Modulation Technologies Inc., Bionic Vision Technologies Pty Ltd., Blackrock Microsystems LLC, Cognixion, Cyberonics Inc., Intheon, Medtronic plc, MicroPort Scientific Corporation, NeuroKinetics Inc., NeuroMetrix Inc., Neuropath BV, Pixium Vision SA, SPR Therapeutics Inc., Synapse Biomedical Inc., Synchron Inc., Wise Srl
Which are the Top Profitable Regional Markets for the Neuroprosthetics Industry?
North America was the largest region in the neuroprosthetics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuroprosthetics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6606
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Neuroprosthetics Market Soars As Global Neurological Disorder And Nerve Injury Cases Surge Driving Market Acceleration in the Neuroprosthetics Industry, 2025 here
News-ID: 4078893 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Neuroprosthetics
Neuroprosthetics Market Size Unlocking New Opportunities for Success
The Neuroprosthetics Market is estimated to be valued at USD 8.1 billion in 2024 and is projected to reach approximately USD 20.4 billion by 2033, growing at a CAGR of 10.9% during the forecast period from 2025 to 2033.
Neuroprosthetics Market Overview:
The Neuroprosthetics market is experiencing robust growth, driven by rising incidences of neurological disorders, spinal cord injuries, and limb amputations. Neuroprosthetic devices, such as cochlear implants, deep brain stimulators, and…
Primary Catalyst Driving Neuroprosthetics Market Evolution in 2025: Neuroprosthe …
How Are the key drivers contributing to the expansion of the neuroprosthetics market?
An increased number of patients dealing with nerve injuries and neurological disorders is anticipated to fuel the growth of the neuroprosthetics market. Neurological disorders are defined as conditions impacting the brain, human body nerves, and spinal cord. Nerve injuries, on the other hand, are harm inflicted on nerves due to pressure, incisions, or stretching during an accident or…
Global Neuroprosthetics Market Outlook 2022 TO 2027
Neuroprosthetics Market Statistics 2027
The global Neuroprosthetics market size is projected to reach USD 11450 million by 2027, from USD 5731 million in 2020, at a CAGR of 9.9% during 2021-2027. Factors driving this market include increasing number of neurological disorders, increasing incidence of hearing loss, increasing prevalence of diabetes, and increasing cases of amputation due to the rising number of accidents & injuries. The North American region is estimated…
Neuroprosthetics Market Trends, Growth, and Forecast 2021-2031
Global Neuroprosthetics Market: Overview
Neuroprosthetics, or more commonly as neural or brain implants, have added a noteworthy impetus to the healthcare industry over the past few years, thanks to the successful realization of its massive potential as a substitution method for injured or missing motor, sensory, or cognitive functions. Neuroprosthetic devices can develop or supplant the central nervous system's function, when embedded in the human body, in order to stimulate…
Global Neuroprosthetics Market Research and Forecast 2018-2023
Global neuroprosthetics market size, share, market trends, research and analysis report by application (motor, physiological, cognitive disorder) by treatment (deep brain, vagus nerve, sacral nerve & spinal cord stimulator) forecast 2018-2023
According to OMR analysis, the global neuroprosthetics market is expected to grow at a significant rate during (2018-2023). The global neuroprosthetics market has been showing significant growth due to increasing prevalence of neural diseases and rising inclination towards spinal cord…
Neuroprosthetics Market Growth and Industrial Forecast Upto 2023
Global Neuroprosthetics Market: Overview
Neuroprosthetics, or more commonly as neural or brain implants, have added a noteworthy impetus to the healthcare industry over the past few years, thanks to the successful realization of its massive potential as a substitution method for injured or missing motor, sensory, or cognitive functions. Neuroprosthetic devices can develop or supplant the central nervous system’s function, when embedded in the human body, in order to stimulate…
