Brain Computer Interface Market

Brain Computer Interface Market worth $506 million by 2029

The report "Brain Computer Interface Market by Product (Non-invasive, Invasive, Partial invasive), Technology (EEG, MEG, ECoG, fMRI), Application (Disability/Rehabilitation, Assistive technologies, Mental health, Research), End User - Global Forecast to 2029", is projected to reach USD 506 million by 2029 from USD 262 million in 2024, at a CAGR 14.1%.

Browse 105 market data Tables and 54 Figures spread through 300 Pages and in-depth TOC on "Brain Computer Interface Market by Product (Non-invasive, Invasive, Partial invasive), Technology (EEG, MEG, ECoG, fMRI), Application (Disability/Rehabilitation, Assistive technologies, Mental health, Research), End User - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/brain-computer-interface-market-64821525.html

The growth in the brain computer interface market is driven by the growing incidence & prevalence of neurological disorders, and increasing demand for non-invasive and wearable BCI devices. The adoption of BCI technology is also expected to increase with the growing applications of BCI technology. However, the data security and privacy concerns may pose a challenge to the brain computer interface market during the forecast period.

Hardware is the largest component of the brain computer interface market in 2023.

Based on component, the brain computer interface market is segmented into hardware and software. The hardware segment accounted for the largest share of the brain computer interface market in 2023, attributing to hardware forming the foundational backbone of BCI functionality, providing essential components like EEG headsets, neural implants, and sensors vital for capturing and processing neural signals. Additionally, significant investment in hardware development by companies and research institutions is expected to drive the growth of this market.

Non-invasive brain computer interface segment is the largest product type of the brain computer interface market in 2023.

Based on product type, the brain computer interface market is segmented into non-invasive brain computer interface, partially invasive brain computer interface, and invasive brain computer interface. Among these, non-invasive brain computer interface segment accounted for the largest share of the brain computer interface market in 2023. Non-invasive BCIs, such as EEG headsets, eliminate the need for surgical implantation, thereby reducing associated risks, rising prevalence of neurological diseases, and an increasing awareness among patients leads to the higher adoption of this segment.

Electroencephalography (EEG) segment is the largest technology of the brain computer interface market in 2023.

Based on technology, the brain computer interface market is segmented into Electroencephalography (EEG), Functional Magnetic Resonance Imaging (fMRI), Magnetoencephalography (MEG), Electrocorticography (ECoG), and Functional Near-Infrared Spectroscopy (fNIRS). In 2023, Electroencephalography (EEG) segment accounted for the largest share of the market. The large share of this segment is attributed to the growing R&D in the field of cerebral and spinal disorders, significant adoption of EEG among researchers, and the large number of players involved in developing EEG hardware.

Disabilities restoration/ rehabilitation is the largest application segment of the brain computer interface market in 2023.

Based on application, the brain computer interface market is segmented into disabilities restoration/ rehabilitation, assistive technologies, and other applications.  The growing demand for rehabilitation solutions due to the increasing prevalence of neurological conditions like stroke,  spinal cord injury,  and amyotrophic lateral sclerosis (ALS) is expected to drive the growth of the disabilities restoration/ rehabilitation segment. In addition, the growing healthcare spending and rising research and development initiatives are other factors responsible for the growth of this market.

By end user, hospitals & clinics are the largest end user in the brain computer interface market in 2023.

Based on end user, the brain computer interface market is segmented into hospitals & clinics, rehabilitation centers, homecare settings, and other end users. In 2023, the hospitals & clinics segment accounted for the largest share in the market. The large share of this segment can primarily be attributed to the increasing use of brain computer interface solutions in hospitals and the rising awareness of brain diseases and conditions.

North America dominates the global brain computer interface market in 2023.

The brain computer interface market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2023, North America accounted for the largest share of the brain computer interface market. As this region is home to a significant number of brain computer interface solution manufacturers. Moreover, the increasing adoption of brain computer interface solution by hospitals in the country, growing number of clinical trials of brain computer interface solution, large patient population for target diseases, and the availability of significant R&D investments to support brain monitoring development.

Key Players

Prominent players in the brain computer interface market include Advanced Brain Monitoring, Inc. (US), ANT Neuro (Netherlands), Bitbrain (Spain), Kernel (US), Paradromics (US), BrainCo (US), Blackrock Neurotech (US), G.Tech Medical Engineering GmbH (Austria), Emotiv (US), Neurosky (US), Brain Products GmbH (Germany), CGX (US), Ripple Neuro (US), Neurable (US), InteraXon (US), Open BCI (US), Neurolutions, Inc. (US), BirgerMind (Latvia), Cognixion (US), Artinis Medical Systems (Netherlands), MindMaze (Switzerland), Cortec GmbH (Germany), AAVAA Inc. (Canada), Nexstem (India), and Conscious Labs (France).

Don’t miss out on business opportunities in Brain Computer Interface Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Brain Computer Interface Market Size,  Share & Growth Report
Report Code
HIT 9020
PR Published ON
5/15/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Brain Computer Interface Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home