Brain Computer Interface Market: Rising Research Activities to Promote Healthy Development of Market
Therefore, the ageing population is one of the key drivers for the growth of the global BCI devices market. The revenue of the global BCI market stood at US$ 383.2 Mn in 2015; this is projected to expand at a CAGR of 14.9% during the forecast period (2016 to 2024) and reach a market size of US$ 1,232.6 Mn by 2024.
As per the report, North America was the largest market in terms of revenue in 2015. Rising investment in the health care sector is expected to support R&D initiatives in the North American BCI market in the coming years. The U.S. is expected to be a significant contributor to the BCI market in North America.
Obtain Report Details @
Europe is expected to contribute a healthy market share during the forecast period owing to the existence of high technological investments and comparatively quicker adoption of BCI devices. The Europe BCI market is expected to expand at a CAGR of 14.0% over the forecast period from 2016 to 2024. Innovations in the BCI market are primarily introduced in North America and then in Rest of the World.
Due to rapid population growth and rising disposable incomes, Asia Pacific is expected to remain a significant market for BCI devices in the coming years. Countries such as Japan, China, and South Korea are expected to witness the significant adoption of BCI devices.
Rest of MEA and GCC countries are expected to be major contributors to the MEA BCI market during the coming years. The demand for electroencephalography (EEG) based devices is expected to remain significant in North America, Europe, and Asia Pacific. The health care and gaming and entertainment industries are expected make a major contribution to the growth of the BCI market in Latin America.
Request Sample @
Noninvasive BCI devices would account for a significant market share among all other types throughout the forecast period. The application of BCI technology would be greater in the health care context, as a part of the treatment of brain-related disorders and diseases. The communication segment would account for the highest CAGR growth over forecast period until 2024 among all applications.
BCI manufacturers are creating new technologies continuously in order to focus on user ergonomics and offer products that are highly compatible with different applications. In 2015.
some of the key manufacturers of BCI technology were 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.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
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: Rising Research Activities to Promote Healthy Development of Market here
News-ID: 839346 • Views: 87
More Releases from Transparency Market Research
Coconut Oil Market- Positive Long-Term Growth Outlook till 2025
Coconut oil is extracted from dried or tender coconut kernels and is a tasteless and colorless oil. The coconut oil is available in two types based on the extraction- unrefined and refined or virgin oil. Unrefined oil is unbleached and unprocessed and is rarely used in consumption, while virgin oil is used in consumption. Obtain Report Details @ https://www.transparencymarketresearch.com/coconut-oil-market.html The coconut oil market has seen tremendous potential in the personal
Cassava Flour Market: Global Size, Trends, Competitive, Historical and Forecast …
Cassava flour is gaining worldwide recognition as an alternative for wheat flour and other gluten-based flours. It contains more calories in comparison to other flours. Cassava flour is considered as a rich source of starch, which is the main source for carbohydrates and dietary fibers. In the global flour market, the demand for cassava flour is high, owing to its very less content of gluten in comparison to other varieties
Tiger Nuts Market - Growth Prospect and Future Scenario by 2026
The growing demand for healthy, plant-based snacks among consumers has fuelled the growth of tiger nuts in recent years. Tiger nuts are naturally occurring tuberous rhizome of sedge grass known as cyperus esculentus lativum. Tiger nuts do not belong to the nut family, but they have a texture similar to wrinkled crunchy granules. Tiger nuts are natively cultivated and consumed in Egypt and Spain as a part of the Mediterranean
Understanding Impact of COVID-19 on Wound Closure Products Market
The global wound closure products market is a highly competitive market with a high number of global and local players operating in it around the world, states a new market research study by Transparency Market Research. The key players in the market are focusing on the expansion of the product portfolio and the innovations, which is expected to support the growth of the overall market in the next few years.
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