Brain Computer Interface Market Towering Costs and Regional Disparities Could Hamper Market Growth
The aforementioned trend has boosted the demand for Brain Computer Interface (BCI) devices which has in turn fortified the market for BCI technologies.
Obtain Report Details:
A number of market players are now aiming to excavate nascent and innovative BCI technologies to capture the essence of the market. Moreover, the human behaviors, inclinations, and preferences are being extensively analyzed to cater to the needs of a rocketing market for BMI technology
The market players have exhibited a propensity towards devising products which can be synchronized with a variety of applications. The market lords in the years 2015 included Emotiv Systems, Mindmaze SA., NeuroPace Inc., Elekta AB, Blackrock Microsystems LLC, Nihon Kohden Corporation, ANT Neuro B.V., Artinis Medical Systems B.V., Inc., Advanced Brain Monitoring, OpenBCI, Inc., Nerusky, Inc., and Cadwell Industries, Inc.
Over the forecast period from 2016 to 2024, the revenue of the global BCI technology market is anticipated to elevate to US$ 1,232.6 Mn by 2024 as compared to a substantially lower figure of US$ 383.2 Mn in 2015, registering a CAGR of 14.9% over the forecast period.
The noninvasive BCI devices are anticipated to fetch the greatest market share amongst all other type-based segmentations. In terms of end user, the health industry is foreseen to be the prime acquirer of the BCI technologies.
On the geographical outlay, North America exhibited the highest revenue in the year 2015. Owing to the dexterous R&D initiatives, the forthcoming years are also expected to be fruitful for North America’s market for BCI technologies.
Make Enquiry: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4670
Europe is foreseen to hold a prominent market share over the forecast period due to the adroit technological development and a deeper sense of acceptance for BCI technologies.
The expected CAGR for Europe over the period from 2016 to 2024 would stand at 14.0%. The market for BCI devices is expected to earn a popping market in Asia Pacific where population growth and accelerating disposable income would act as the contributing factors.
Adept Research Alongside Growing Geriatric Population to Boost Market
The various market players are engaging in intensive research to innovate their BCI devices and make them sound and compatible.
This has also sprouted various awareness programs and adverts that inform consumers about the utility offered by BCI technology. This has magnetized the consumers towards the market for BCI technology which speaks of the growth prospects in the future.
Brain Disorders are an ailment that causes severe disability, especially amongst the geriatric population. The growing occurrence of Parkinson’s disease, stroke, and depression amongst the old people has bolstered the demand for BCI devices. Trust garnered by BCI devices towards subsiding their handicaps or disabilities is expected to keep bolstering the market over the forecast period.
Towering Costs and Regional Disparities Could Hamper Market Growth
The BCI devices undergo a rigorous and resourceful chain of production which magnifies their cost to a substantially high figure.
This could be a major hindrance in the growth of the market for BCI technology because regions such as Asia Pacific are heavily hit by economic disparities.
Moreover, the unaffordability of these devices discourages research organizations from using them which pulls substitutes into the picture. This acceptance of substitutes could be a long-term threat to the market for BCI technology.
Despite these obstacles, the acceptance towards wearable medical devices coupled with growing income standards across the globe is expected to keep proliferating the global BCI technology market.
Get TOC https://www.transparencymarketresearch.com/report-toc/4670
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.
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 Towering Costs and Regional Disparities Could Hamper Market Growth here
News-ID: 899838 • Views: 190
More Releases from Transparency Market Research
Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The
More Releases for BCI
Brain Computer Interface (BCI) Market Rugged Expansion Foreseen by 2027
Growing interest on controlling devices from human brain signal is the key factor contributes growth of global brain computer interface (BCI) market. Brain-Computer Interface (BCI) is a unidirectional communication system, which allow control of devices through brain signal. Brain Computer Interface (BCI) acts as a communication channel between human brain and the computer system. Brain-computer interface (BCI) is used to transform the human brain intentions into a control signal, utilized
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 APPOINTS WNR TECHNOLOGIES AS PARTNER IN CHINA
BCI, BPO Certification Institute Inc., the world’s leading BPO standards body has completed the rigorous process of appointing Qingdao-based WNR as its exclusive Chartered CTP partner for China. Qingdao Weinuor Digital Technology Company Co., Ltd (WNR) is into digital animation and technology training and has established a global-quality infrastructure for offering BPO training and Certification solutions to the Chinese BPO industry. “We are confident of establishing the highest of BPO
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