Neuroprosthetics Market to Cross more than US$ 10.0 Billion by 2023

New York, March 12, 2018/Financeswire/: Market Research Engine has published a new report titled as “Neuroprosthetics Market By Type Analysis (Output Neural Prosthetics, Input Neural Prosthetics); By Technique Analysis (Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Transcranial magnetic Stimulation); By Application Analysis (Motor Neural Prosthetics, Physiological Disorders, Cognitive Disorders) and by Regional Analysis - Global Forecast by 2017 - 2023”.

The Global Neuroprosthetics Market is segmented on the lines of its type, technique, application and regional. Based on type segmentation it covers Output Neural Prosthetics (Motor Prosthetics, Cognitive Prosthetics), Input Neural Prosthetics (Cochlear Implants, Bionic Eye/Retinal Implants). Based on technique analysis it includes Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Transcranial magnetic Stimulation. On the basis application Motor Neural Prosthetics (Parkinson’s Disease, Epilepsy), Physiological Disorders (Auditory processing Disorders, Ophthalmic Disorders, Cardiovascular Disorders, Urology Disorders), Cognitive Disorders(Alzheimer’s Disease, Paralysis). The Global Neuroprosthetics Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The Global Neuroprosthetics Market is expected to exceed more than US$ 10.48 Billion by 2023 at a CAGR of 12.4% in the given forecast period.

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Report scope:

The scope of the report includes a detailed study of global and regional markets on Neuroprosthetics Market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Boston Scientific (US), Abbott Laboratories (US), Secong Sight (US), Medtronic (US), LivaNova (UK), Med-El, Sonova, Neuropace, NDI Medical and Cochlear (Australia). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Global Neuroprosthetics Market has been segmented as below:

By Type Analysis:
• Output Neural Prosthetics
o Motor Prosthetics
o Cognitive Prosthetics
• Input Neural Prosthetics
o Cochlear Implants
o Bionic Eye/Retinal Implants

By Technique Analysis:
• Spinal Cord Stimulation
• Deep Brain Stimulation
• Vagus Nerve Stimulation
• Sacral Nerve Stimulation
• Transcranial magnetic Stimulation

By Application Analysis:
• Motor Neural Prosthetics
o Parkinson’s Disease
o Epilepsy
• Physiological Disorders
o Auditory processing Disorders
o Ophthalmic Disorders
o Cardiovascular Disorders
o Urology Disorders
• Cognitive Disorders
o Alzheimer’s Disease
o Paralysis

By Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Rest of the World

This report provides:

1) An overview of the global market for Neuroprosthetics Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2023.
3) Identifications of new market opportunities and targeted promotional plans for Global Neuroprosthetics Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

The major driving factors of Global Neuroprosthetics Market are as follows:

• Growing number of patients suffering from neurological disorders and nerve injury
• Diabetes prevalence is growing
• Rising incidence of loss of hearing
• Emerging economies are having higher growth opportunities
• Growth in cases related to amputation due to the increasing number of injuries & accidents

The restraining factors of Global Neuroprosthetics Market are as follows:

• Lack of trained professionals
• Substitute and alternative treatment options are available
• Improper reimbursement policy and high cost of neuroprosthetics

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Reasons to Buy this Report:

1) Obtain the most up to date information available on all Global Neuroprosthetics Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Neuroprosthetics Market data.
4) Assess your competitor’s refining portfolio and its evolution.

Description:

Neuroprosthetic devices/implants are in fact propelled items that include distinctive advancements for its assembling/working, for example, nearby field potential, robotized versatile electrical tests, MRI, picture guided surgical strategy and so on. These innovative advancements have involved neuroprosthetics field with multitudinous substitution techniques, restoration systems and neuromodulation treatments to enhance the personal satisfaction for patients with neuromotor scatters. Progression in innovation has helped to build up the customize neurotechnologies and restoration for tolerant particular neural hindrances to achieve the convenient spread of neuroprosthetic treatment.

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