Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Brain Implants Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.4% during the review period (2022 to 2027).
Rapid development of the brain-computer interface technology and the R&D of neuroprosthesis for numerous use cases will foster the market trends through 2027. According to the WHO, nearly 5% of adults suffer from depression worldwide, which could further enhancement the adoption of brain implants for treatment of depression and other cognitive disorders. Furthermore, the increasing burden of epilepsy among Alzheimer’s disease patients is also anticipated to proliferate industry share during the forecast period 2022-2027.
Growing number of research activities leading to technological breakthroughs is anticipated to witness profitable growth opportunities in the market for brain implants. These include self-charging implants and memory chips that are expected to provide the market with growth opportunities over the forecast period.
Industry News:
01 June 2022 : India Medtronic has launched CE marked fourth-generation flow diverter, Pipeline Vantage with Shield Technology for endovascular treatment of brain aneurysms. Pipeline Vantage with Shield Technology is a new flow diverter with enhanced design features for both the delivery system and implant. These features allow physicians to deliver, deploy and treat brain aneurysms and intracranial aneurysms with greater ease and reliability while providing a scaffold that promotes the growth of cells in the inner lining of the target blood vessel.
The Brain Implants Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Medtronic, St. Jude Medical (Abbott), Boston Scientific Corporation, NeuroPace Inc., Synapse Biomedical Inc., Aleva Neurotherapeutics SA, Nevro Corporation and others.
Brain Implants Market is segmented based on the Type, applications, companies and regions.
Brain Implants in Healthcare Market by Type
Brain Implants in Healthcare Market by Application
North America holds a main share of the brain implants market. It is anticipated to show a similar trend over the forecast period, without substantial fluctuations. The healthcare facilities in the country are of the highest standards and are accessible to the large population, due to favorable policies making healthcare affordable to the majority of the population in the region. This aspect helps in gaining higher selling rates across the country. The growing prevalence and incidence of various neurological disorders indicates a big potential for the market demand for brain implants.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 9.4% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | SGS SA, Toxikon, Inc, American Preclinical Services, Sterigenics International LLC, River Laboratories International Inc, Brain Implants, North America Science Associates Inc, Euro fins Scientific, Pace Analytical Services LLC, Intertek Group Plc |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 108 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Brain Implants Market is studied from 2017 - 2027.
What is the growth rate of Brain Implants Market?
The Brain Implants Market is growing at a CAGR of 9.4% over the next 5 years.
Who are the leading key players in Brain Implants Market?
SGS SA, Toxikon, Inc, American Preclinical Services, Sterigenics International LLC, River Laboratories International Inc, Brain Implants, North America Science Associates Inc, Euro fins Scientific, Pace Analytical Services LLC, Intertek Group Plc
What regions regions does this Brain Implants Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Types of Brain Implants Market?
Deep Brain Stimulation, Spinal Cord Stimulation, Vagus Nerve Stimulation
What are the significant Application of Brain Implants Market?
Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease
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SECONDARY RESEARCH
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