Market World Neuroprosthetics Market Opportunities | Page 2

Advent of technologically advanced products, that includes surgical implantable devices, featuring images, MRI,
movable and automated probes, and local field potentials is predicted to provide attractive growth
opportunities. Moreover, the frequent development of next-generation technologies by manufacturers, to
enhance treatment interventions for restoration of impaired neurological functions, makes sacral nerve
stimulators as fastest growing segment.
Type Insights
The largest market share was held by motor prosthetics followed by the cochlear prosthetics segment in 2015.
The dominant share held by motor prosthetic can be attributed to increased adoption, preference for
implantable devices in bladder control and brain computer interface for treatment of lateral sclerosis &
paraplegic patients.
A rapid growth is seen by the auditory segment owing to the increase in usage of mid brain AMI’s and brain
stem implants ABI’s by patients with impaired hearings. Cochlear implants can be used for stimulation therapy
and signal processing systems, which is expected to broaden the treatment scope in the future for neural
disorders.
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Application Insights
Traumatic brain injuries, spinal cord injuries, Parkinson’s disease, and Alzheimer’s can be treated with the use
of neuroprosthetics. The neuroprosthetic devices can be broadly classified into cognitive & physiological
disorders, and motor neuron abnormalities based on application. The largest application segment was found to
be motor neuron disorders in 2015 owing to the increasing adoption in epilepsy and Parkinson’s along with high
prevalence of the aforementioned thereby leading to a widened consumer base.
The fastest growing segment is anticipated to be cognitive disorders as a consequence of rising prevalence of
severe depression and Alzheimer’s. Introduction of various technologically advanced stimulation devices which
can stimulate motor controls and calculate limb trajectory to be used in paralysis treatment, is expected to
further drive the market during the forecast period.
Regional Insights