Brain Computer Interface Market to Reach US$1.23 bn by 2024; Demand Highest in Healthcare and Entertainment Industries
Obtain Report Details @
A BCI device provides collaboration between the brain and an external device by interpreting electrical signals received from the brain. The BCI market is expected to witness growing demand in both developed and developing countries owing to its increasing application in the health care and entertainment industries. BCI manufacturers are continuously innovating their product portfolio in order to fulfil end-user requirements. Furthermore, industry–academia–government collaboration is expected to increase R&D activities in North America and Europe.
Fill the form for an exclusive sample of this report @
Significant technological advancements in the area of brain computing devices have dramatically changed the way physicians treat their patients, leading to improved outcomes. Due to the trendy nature of wearable and noninvasive BCI devices, most end-users who buy this technology are innovators and early adopters. Furthermore, BCI technology is backed by various government organizations in developed countries as part of support to brain/neurological studies for the betterment of humanity.
In 2015, North America was the largest market for BCI systems, accounting for a share of about 43.3%. North America has high adoption rates for BCI devices due to the continual rise of technological investments and R&D expenditures in the region.
On the basis of solutions categorized by technology, electroencephalography (EEG) held the largest share of around 39.6% in 2015. Noninvasive BCI devices are expected to contribute the largest market share among all the other types in the coming years. However, the partially invasive BCI devices segment is expected to expand at the highest CAGR during the forecast period from 2016 to 2024. EEG is expected to witness significantly high adoption in media and entertainment applications in the coming years. The demand for noninvasive BCI devices is expected to increase in the coming years due to its ease of use, which involves the elimination of surgery. The demand for BCI technology is increasing in the health care industry as a part of efforts to provide better medical facilities to patients. On the basis of different applications covered, health care was the largest segment of the BCI market, accounting for over one third of the total market in 2015.
Emotiv Systems, Inc., Cadwell Industries, Inc., Nerusky, Inc., OpenBCI, Advanced Brain Monitoring, Inc., Artinis Medical Systems B.V., ANT Neuro B.V., Nihon Kohden Corporation, Blackrock Microsystems LLC, Elekta AB, NeuroPace Inc., and Mindmaze SA are major players profiled in the brain computer interface market report.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
90 State Street,
Albany NY - 12207
This release was published on openPR.
Permanent link to this press release:
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 Brain Computer Interface Market to Reach US$1.23 bn by 2024; Demand Highest in Healthcare and Entertainment Industries here
News-ID: 458516 • Views: 391
More Releases from TMR
Chlorothalonil Market - Global Industry Analysis, Size, Share, Growth, Trends, a …
Chlorothalonil “Demand of Sustainable Agriculture” Agricultural sector is satisfying the need of the world by supplying food. It is one of the prominent sectors in the world. Chlorothalonil is a non-systematic fungicide and pesticide used to spray on crops to prevent them from disease and maintain their healthy life furthermore chlorothalonil is used as wood protectant to prevent the wood from decay due to which chlorothalonil is largely used in furniture
Ytterbium Fluoride Market - Global Industry Analysis, Size, Share, Growth, Trend …
Shifting Industries Preference Towards Specialty Chemicals Chemical industry has been major source of inventions from past half a decade where different types of chemicals are tested, tried and verified for future applications. Industrial application of chemicals such as ytterbium fluoride will likely to increase demand in near future. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6551 The major driving factor which proved to encourage use of ytterbium fluoride chemical as its usage in
Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and …
Itaconic Acid Market: Introduction & Definition Itaconic acid is a bio based product, also identified as methyl succinic acid, it is first obtained by distillation of citric acid that is an organic compound which is used for the production of acrylate latexes and acrylonitrile butadiene. The market of Itaconic acid is niche in nature owing to its limited consumption in various end use industries on account of availability of large number
Oleochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and …
Oleochemicals are obtained from various plant and animal fats. Various sources of oleochemicals includes natural raw materials such as, castor oil, soybean oil, vegetable, petrochemical feedstock and also from animal oils & fats. Oleochemicals are witnessed to gain popularity as they can act a substitute for the petroleum-derived products. The growing environment concerns can be a prominent factor for the adoption of biodegradable chemicals, which intends to fuel the growth
More Releases for BCI
BCI and EEG Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the BCI and EEG market analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “BCI and EEG Market 2020-2025” Research Report categorizes the global BCI and EEG market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Non-Invasive BCI Market: Competitive Dynamics & Global Outlook 2020-2025
This report also researches and evaluates the impact of Covid-19 outbreak on the Non-Invasive BCI industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Non-Invasive BCI and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.). GLOBAL INFO RESEARCH has lately published a new report titled, *Global Non-Invasive BCI Market 2020 by Company, Regions, Type and Application, Forecast to 2025*. The researchers have
Strongsville, Ohio wins BCI Burke Voltage playground contest
FOND DU LAC, Wis. (August 22, 2011) – A new playground will be installed later this year in conjunction with grand prize contest announcement by BCI Burke recently. The City of Strongsville, OH, was the lucky winner of the contest held by the playground manufacturer, with corporate headquarters in Fond du Lac, WI. “I was amazed when I received the call that we won the playground. All of our
BPO CERTIFICATION INSTITUTE (BCI) ENTERS CHINA
Close on the heels of launching its widest-spectrum BPO credentialing and certification services in India, the BPO Certification Institute Inc (BCI) is now all set to enter CHINA. It has just signed an exclusive CTP Partnership Agreement with the Qingdao-based technology training major WNR Technologies. BCI, as a standards body for global BPOs, aims at playing a key role in the development of a worldclass talent-base for the rapidly growing
BCI Launches BSDQ22 BPO Delivery Standards & Certification in Asia Pacific
BPO Certifications Institute, Inc., the Texas-based competence credentialing giant has finally approved its BSDQ22 Service Delivery Standards for the Asia Pacific BPO Industry. This paves the way for hundreds of BPO services organizations to benchmark their service delivery processes to global delivery standards for the first time. The BCI Standards Board, which is the credentialing regulations body of BCI for all standards and certifications, took nearly a year to validate
BCI ready to launch Asia-focused BPO Certifications in India
The Texas-based BPO Certification Institute Inc., (BCI) the world’s largest BPO Certification body, is all set to launch its Asia-focused CCIP Certification for the first time in India. The Certified Customer Interaction Professional (CCIP) Certification program, which has been developed after 18 months of Credentialing research in BCI’s BPO Competency Research Center, carries stringent eligibility requirements and is targeted at young fresh talents who have spotted BPO as a career. Hero