Market World Neuroprosthetics Market Opportunities

Neuroprosthetics Market Opportunities, Growth Prospect, Shares
and Market Restraints Forecasts To 2025
“The Global Neuroprosthetics Market is estimated to develop at a substantial
CAGR for the duration of the prediction period. The market research report
delivers an exceptional means for assessing the market, emphasizing
openings, and backing up the planned and calculated policymaking.”
Industry Insights
The market for neuroprosthetics in 2015 was estimated at USD 4.2 billion globally. This can be attributed to high
prevalence rate of disorders such as severe depression, Alzheimer’s, muscle/neuromuscular junction disorder,
ophthalmic, auditory, epilepsy, and Parkinson’s which will drive the growth.
Also, the increasing investments in R&D for new products and device innovation & development for effective
treatment plans to be used for neurological diseases are anticipated to provide significant boost to the overall
demand. The increasing preference of self-charging devices, which uses bioenergy is expected to propel demand
for brain implants throughout the forecast period. Furthermore, rise in aging population susceptible to
neurological diseases is presumed to be a high impact factor for increasing neural implants demand throughout
the forecast period.
Technology Insights
The largest market share of around 50.0% was held by spinal cord stimulation segment in 2015. The dominant
share can be attributed to high penetration of these devices with technological upgradations. These
upgradations facilitate usage in various applications, to treat impaired autonomic, sensory, and motor functions.
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