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.
Full research report on brain computer interface
(BCI) market analysis:
http://www.grandviewresearch.com/industry-analysis/brain-computer-interfaces-market
http://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.
View more reports of this category by Grand View Research
at: 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
o U.S.
o Canada
·
Europe
o UK
o Germany
o France
o Rest of Europe
·
Asia Pacific
o Japan
o China
o India
o Rest of Asia Pacific
·
Latin America
o Brazil
o Mexico
o Rest of Latin America
·
Middle East and Africa (MEA)
o South Africa
o Rest of Middle East and Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-brain-computers-interface-market
https://www.grandviewresearch.com/press-release/global-brain-computers-interface-market
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.
For more information: https://www.grandviewresearch.com/