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Neuroprosthetics Market, By Types (Cochlear Implants, Motor Prosthetics, Cognitive Prosthetics, and Retinal Implants), By Technology (VNS, SCS, DBS, and SNS), By Application, and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated
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Published by AnalystView: 01 Jul 2020 | 270581 | In Stock
Related Topics: COVID , Medical

Introduction

REPORT HIGHLIGHT

The neuroprosthetics market is estimated to represent a global market of USD 4,763 million by 2019 with growth rate of 4.5%.

Neuroprosthetic is a medical device, designed to supplement the input or output of a nervous system. These devices are linked to the central nervous system and translate electrical neural activity from the brain into control signals in order to control artificial limbs or to enable to restore lost sensory function. Neuroprosthetics are featured to enhance motor, sensory, and cognitive ability of an organism. Many research studies suggest that neuroprosthetics significantly improve the quality of life of patients suffering from motor disorders such as amputation and paralysis.

Market Dynamics

Continuous rising prevalence of neurological diseases, such as epilepsy, Parkinson’s disease, tremor, and dystonia, is considered to be a high-impact rendering driver for the neuroprosthetics market. According to the WHO, neurological diseases constitutes 6.3% of the global chronic disease burden and are one of the key causes of mortality globally, to result in 13.2% deaths in developed countries as well as 16.8% in low- and middle-income countries. Furthermore, Technological advancements in neuroprosthetics are anticipated to create growth opportunities for this market. For instance, in September 2019, MED-EL announced the launch of RONDO 2, a cochlear implant audio processor that can be charged wirelessly thereby improving the use of these implants among patients. Other notable advancements include the emergence of robot-assisted implantation, a microelectrode, multi-target stimulation, and integrated implantable pulse generators. However, high cost associated with neuroprosthetics is the critical restraining factor for the overall industry growth.

Types Takeaway

In terms of types, the market is divided into Cochlear Implants, Motor Prosthetics, Cognitive Prosthetics, and Retinal Implants. Motor Prosthetics is accounted for the 43.25%, the largest share of the total market in 2019. These prosthetics are also known as Brain Machine Interface (BMI), which help in restoring motor functions in patients with neurological disorders. Rising number of research activities with respect to the neural motor prosthesis is anticipated to offer strong growth of this segment. Based on technology, the market is broadly bifurcated into Vagus Nerve Stimulation, Spinal Cord Stimulation, Deep Brain Simulation, and Sacral Nerve Stimulation. Technologies such as DBS and SNS are growing rapidly and are expected to capture the significant share of the global market over the future period.

COVID-19 Impact and Recovery Analysis

The novel COVID-19 has put the world on a standstill, affecting major operations, leading to an industrial catastrophe. However, this market is positively affected due to this outbreak. This report presented by AnalystView Market Insights contains a thorough analysis of the pre and post COVID-19 market scenarios. The report includes all the recent development and changes recorded during the COVID-19 outbreak and comprehends the analysis of top performer segments and marginal growth segment in blood culture test sector.

Regional Takeaway

Regionally, North America recorded the largest share of the total market due to the rising research and development activities. Europe followed North America, backed by the increasing incidences of neurological disorders and rise in product demand. Developing regions such as the Asia Pacific and Latin America is considered to grow with the highest growth rate over the future period owing to the favorable government initiatives coupled with the rising awareness level.

Key Vendor Takeaway

Key players such as Cochlear Limited, St. Jude Medical, Inc., Medtronic, Inc., Nervo Corporation and MED-EL are profiled under the report scope. Product approvals, strategic collaborations, and new product launches are some of the sustainable strategies adopted by the companies operating in this market. Medtronic notched significant revenue share of the global market in 2016 owing to the extensive product line and strong strategies to expand in the market. For instance, in November 2019, Medtronic’s Intellis (TM) platform received the CE Mark for both spinal cord stimulation and peripheral nerve stimulation in the management of chronic pain thereby expanding its product portfolio.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

Table of Contents
for Neuroprosthetics Market, By Types (Cochlear Implants, Motor Prosthetics, Cognitive Prosthetics, and Retinal Implants), By Technology (VNS, SCS, DBS, and SNS), By Application, and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

  • TABLE OF CONTENT

    1. NEUROPROSTHETICS MARKET OVERVIEW

    1.1. Study Scope

    1.2. Base Year

    1.3. Assumption and Methodology

    2. EXECUTIVE SUMMARY

    2.1. Key Market Facts

    2.2. Geographical Scenario

    2.3. Companies in the Market

    3. NEUROPROSTHETICS KEY MARKET TRENDS

    3.1. Market Drivers

    3.1.1. Impact Analysis of Market Drivers

    3.2. Market Restraints

    3.2.1. Impact Analysis of Market Restraints

    3.3. Market Opportunities

    3.4. Market Future Trends

    4. NEUROPROSTHETICS INDUSTRY STUDY

    4.1. Porter’s Analysis

    4.2. Regulatory Framework Analysis

    4.3. Market Attractiveness Analysis

    4.4. Value Chain Analysis

    5. NEUROPROSTHETICS MARKET LANDSCAPE

    5.1. Market Share Analysis

    6. NEUROPROSTHETICS MARKET – BY TYPES:

    6.1. Overview

    6.2. Cochlear Implants

    6.2.1. Overview

    6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.3. Motor Prosthetics

    6.3.1. Overview

    6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.4. Cognitive Prosthetics

    6.4.1. Overview

    6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.5. Retinal Implants

    6.5.1. Overview

    6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7. NEUROPROSTHETICS MARKET – BY TECHNOLOGY:

    7.1. Overview

    7.2. Vagus Nerve Stimulation

    7.2.1. Overview

    7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7.3. Spinal Cord Stimulation

    7.3.1. Overview

    7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7.4. Deep Brain Simulation

    7.4.1. Overview

    7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7.5. Sacral Nerve Stimulation

    7.5.1. Overview

    7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8. NEUROPROSTHETICS MARKET – BY TECHNOLOGY:

    8.1. Overview

    8.2. Physiological Disorders

    8.2.1. Overview

    8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.2.3. Auditory Disorders

    8.2.3.1. Overview

    8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.2.4. Kidney Disorders

    8.2.4.1. Overview

    8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.2.5. Others

    8.2.5.1. Overview

    8.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3. Motor Neuron Disorders

    8.3.1. Overview

    8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3.3. Epilepsy

    8.3.3.1. Overview

    8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3.4. Parkinson’s disease

    8.3.4.1. Overview

    8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4. Cognitive Disorders

    8.4.1. Overview

    8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4.3. Alzheimer’s Disease

    8.4.3.1. Overview

    8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.4.4. Severe Depression

    8.4.4.1. Overview

    8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9. NEUROPROSTHETICS MARKET– BY GEOGRAPHY

    9.1. Introduction

    9.2. North America

    9.2.1. Overview

    9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.2.3. U.S.

    9.2.3.1. Overview

    9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.2.4. Canada

    9.2.4.1. Overview

    9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3. Europe

    9.3.1. Overview

    9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3.3. France

    9.3.3.1. Overview

    9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3.4. Germany

    9.3.4.1. Overview

    9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3.5. Rest of Europe

    9.3.5.1. Overview

    9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4. Asia Pacific (APAC)

    9.4.1. Overview

    9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4.3. China

    9.4.3.1. Overview

    9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4.4. India

    9.4.4.1. Overview

    9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4.5. Rest of APAC

    9.4.5.1. Overview

    9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.5. Rest of the World

    9.5.1. Overview

    9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.5.3. Latin America

    9.5.3.1. Overview

    9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.5.4. Middle East and Africa

    9.5.4.1. Overview

    9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    10. KEY VENDOR ANALYSIS

    10.1. Cochlear Limited

    10.1.1. Company Overview

    10.1.2. SWOT Analysis

    10.1.3. Key Developments

    10.2. St. Jude Medical, Inc.

    10.2.1. Company Overview

    10.2.2. SWOT Analysis

    10.2.3. Key Developments

    10.3. Medtronic, Inc.

    10.3.1. Company Overview

    10.3.2. SWOT Analysis

    10.3.3. Key Developments

    10.4. Nervo Corporation

    10.4.1. Company Overview

    10.4.2. SWOT Analysis

    10.4.3. Key Developments

    10.5. MED-EL

    10.5.1. Company Overview

    10.5.2. SWOT Analysis

    10.5.3. Key Developments

    *Client can request additional company profiling as per specific requirements

    11. 360 DEGREE ANALYSTVIEW

    12. APPENDIX

    12.1. Research Methodology

    12.2. Abbreviations

    12.3. Disclaimer

    12.4. Contact Us

List Of Tables
in Neuroprosthetics Market, By Types (Cochlear Implants, Motor Prosthetics, Cognitive Prosthetics, and Retinal Implants), By Technology (VNS, SCS, DBS, and SNS), By Application, and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Tables

Table 1 List of Acronyms

Table 2 Key Market Facts, 2016 – 2027

Table 3 Market Drivers: Impact Analysis

Table 4 Market Restraint: Impact Analysis

Table 5 Market Opportunity: Impact Analysis

Table 6 PEST Analysis

Table 7 Porter’s Five Forces Analysis

Table 8 Company Market Share Analysis

Table 9 Global Neuroprosthetics Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

Table 10 Neuroprosthetics Market, by Types, 2016 – 2027 (USD Million)

Table 11 Neuroprosthetics Market, by Technology, 2016 – 2027 (USD Million)

Table 12 Neuroprosthetics Market, by Application, 2016 – 2027 (USD Million)

Table 13 Neuroprosthetics Market, by Geography, 2016 – 2027 (USD Million)

Table 14 North America Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 15 U.S. Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 16 Canada Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 17 Europe Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 18 France Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 19 Germany Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 20 Asia Pacific Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 21 China Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 22 India Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 23 Latin America Neuroprosthetics Market, 2016 – 2027 (USD Million)

Table 24 MEA Neuroprosthetics Market, 2016 – 2027 (USD Million)

List Of Figures, Charts and Diagrams
in Neuroprosthetics Market, By Types (Cochlear Implants, Motor Prosthetics, Cognitive Prosthetics, and Retinal Implants), By Technology (VNS, SCS, DBS, and SNS), By Application, and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Figures

Figure 1 Research Methodology

Figure 2 Research Process Flow Chart

Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)

Figure 4 Regulatory Framework Analysis

Figure 5 Value Chain Analysis Analysis

Figure 6 Neuroprosthetics Market, by Types, 2016 – 2027 (USD Million)

Figure 7 Neuroprosthetics Market, by Technology, 2016 – 2027 (USD Million)

Figure 8 Neuroprosthetics Market, by Application, 2016 – 2027 (USD Million)

Figure 9 Neuroprosthetics Market, by Geography, 2016 – 2027 (USD Million)

Additional Details

Publisher

AnalystView

Publisher Information

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.



These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.



We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.



We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.



It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

Reference

270581 | AV152

Number of Pages

200

Report Format

PDF

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This report is published by AnalystView

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.

These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.

We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.

We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.

It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

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