Global brain
computer interface (BCI) market is expected to reach USD 1.7
billion by 2022, according to a new study by Grand View Research Inc.
Increasing incidences of neurodegenerative conditions, advancements in
neuroscience, rising geriatric population base and the growing demand for neuroprosthetics
are some impact rendering drivers of the brain computer interface market.
Furthermore, growing R&D investments and the presence of government
projects such as DECODER (European project that used brain computer interface
to detect consciousness in non responsive patients) coupled with rising focus
of major market players on emerging economies such as Japan and China are also
expected to propel market growth over the forecast period. Introduction of
technological advancements occurring in the market is expected to result in the
availability of better options for healthcare personnel and individuals. The
technology encompasses a wide array of applications designed to revolutionize
the communication, automation, security and entertainment experience. Brain
computer interface is an emerging technology which is currently at a nascent
stage; however, the increasing interest among researchers in collaboration with
the government is expected to fuel the future growth of this market.
Browse full research report on Brain Computer Interface (BCI) Market: https://www.grandviewresearch.com/industry-analysis/brain-computer-interfaces-market
Further
key findings from the study suggest:
- Non-invasive BCI is identified as the most lucrative product sub
segment of the market and is expected to grow at a rate of over 10.0% over
the forecast period majorly owing to, increasing prevalence of paralysis.
- BCI based healthcare segment accounted for the largest market share
in 2014. Rising incidences of brain related disorders, increasing R&D
spending over medical applications and growing base of geriatric
population are some driving factors for this segment.
- North America was the largest regional market with a revenue share
of over 40.0% in 2014 on account of the presence of an extensive number of
ongoing BCI projects. Growing patient awareness level and accessible
healthcare infrastructure is also expected to lead to an expedited market
growth over the forecast period.
- Asia Pacific is identified as the most lucrative regional market.
Large presence of untapped opportunities coupled with rapidly improving
economic conditions is expected to drive regional market growth over the
forecast period. China is expected to witness the fastest growth over the
forecast period.
- Key players of the brain computer interface market include Emotiv
System, Mind Solutions Corp., Puzzlebox, Natus Medical, Interactive
Productline, Compumedics Ltd. and Neuroelectrics.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the global brain computer interface on the basis of
product, application, end-use and region:
Global Brain
Computer Interface Product Outlook (Revenue, USD Million, 2012 - 2022)
- Invasive BCI
- Partially
Invasive BCI
- Non-invasive
BCI
Global Brain
Computer Interface Application Outlook (Revenue, USD Million, 2012 - 2022)
- Healthcare
- Smart Home
Control
- Communication
& Control
- Entertainment
& Gaming
Global Brain
Computer Interface End-Use Outlook (Revenue, USD Million, 2012 - 2022)
- Medical
- Military
- Others
Brain
Computer Interface Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of
Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia
Pacific
- Latin America
- Brazil
- Mexico
- Rest of
Latin America
- Middle East
and Africa (MEA)
- South Africa
- Rest of
Middle East and Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment