Brain Implants Market

Brain implants (also referred as neuroprosthetics or neural implants) are technological devices that attach directly to a biological subject’s brain – generally placed on the surface of the brain or attached to the brain’s cortex. Growing ageing population and subsequent rise in incidences of neurological disorders such as Parkinson’s, Alzheimer’s, epilepsy, depression, and essential tremors, increasing health awareness, and technological innovations are some of the key factors driving the growth of the market. According to the WHO, an estimated 2.4 million people are diagnosed with epilepsy each year worldwide. Moreover, according to European Brain Council, globally, it is estimated that 6.3 million people affected with Parkinson’s disease in 2016. However, the high cost of brain implant devices and procedures may limit the brain implants market up to some extent.

Objectives of the Study

• To define, describe, segment, and forecast the global brain implants market on the basis of type, application, and region
• To forecast the size of the brain implants market with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa
• To provide detailed information regarding the major factors influencing the growth of the brain implants market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of the competitive leadership mapping for market leaders
• To profile key players in the brain implants market and comprehensively analyze their core competencies2 and market shares
• To track and analyze competitive developments such as acquisitions; product launches; collaborations, partnerships, & agreements; and expansions in the market

Research Methodology

Top-down and bottom-up approaches will be used to validate the size of the global brain implants market and estimate the size of other dependent submarkets. Various secondary sources such as directories, industry journals, databases such as Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; company house documents; and SEC filings of the companies will be used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides will be interviewed to obtain and validate information as well as to assess dynamics of this market.

Prominent players in the healthcare brain implants market are Boston Scientifc, Medtronic, Nevro Corporation, Neuropace Inc., NDI Medical LLC, Aleva Neurotheraputics, Sapiens Neuro, Cochlear Ltd., among others.

Target Audience

• Brain implants manufacturers
• Brain implants distributors and sales firms
• Healthcare Institutions (Hospitals and Outpatient Clinics)
• Research institutes, organizations, and consulting companies
• Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)
• Business research and consulting firms

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Scope of the Report

The research report categorizes the market into the following segments and subsegments:

Brain implants Market, by Type

• Deep Brain Stimulation
• Spinal Cord Stimulation
• Vagus Nerve Stimulation

Brain implants Market, by Application

• Chronic Pain
• Epilepsy
• Parkinson’s Disease
• Depression
• Essential Tremor
• Alzheimer’s Disease

Brain implants Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa

Available Customization

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options would be available for the report:

Geographic Analysis

• Further breakdown of the Asia Pacific brain implants market into Australi, Indonesia, and South Korea

Company Information

• Detailed analysis and profiling of additional market players (Up to 5)