Increased use of Bioenergy self-loading implants is giving a much needed boost to the neuroprosthetics market in the near future; according to a research conducted by Kenneth Research

 The need for effective treatment for various neurological disorders has increased exponentially in the last decade. The neuroprosthetics market is still growing rapidly which boosts the future market as well. The market is expected to grow at an annual growth rate of almost 15% in the next decade.


By the end of 2021, the neuroprosthesis market is expected to exceed USD 6 billion, and is expected to grow at a compound annual growth rate of 15% during the period 2022-2030. The high prevalence of diseases such as Parkinson’s disease, epilepsy, hearing, eyes, musculoskeletal system, Alzheimer’s disease and major depression are the main reasons. disease. Prosthetics market. In addition, R&D investment in the production of new equipment and products through innovative computer-aided technology (BCI) is expected to increase to develop effective neurological disorders, equipment, and industry treatment plans. During the forecast period, the increasing use of bioenergy self-loading implants is expected to stimulate the demand for brain implants.

With the acceptance of commercial technologies such as deep brain stimulation (DBS) and vagus nerve stimulation (VNS), the technology market is expected to grow significantly. The introduction of technologically advanced equipment such as Local Functional Surgical Imaging (LFP), robotics and mobile sensors, MRI and implants is expected to provide future growth opportunities for this market. Manufacturers continue to develop next-generation technologies to improve therapeutic interventions used to treat neurological disorders, and the sacral nerve stimulator (SNS) is the fastest technology on the market.

Major market players:

Medtronic (US), Abbott (US), Cochlear (Australia), and Boston Scientific (US).

Sports prostheses have the largest market share in 2020, followed by cochlear implants. As bladder control implants and brain-computer interfaces are increasingly used in patients with spinal cord injury or lateral sclerosis, the dynamic prosthesis industry has the largest market share. The hearing field, which is one of the prosthetic devices (PN) markets, is growing rapidly. The increasing use of hearing aids such as ABI and AMI brain stem implants is due to the heart of the brain. Cochlear implants are used for signal and stimulation therapy, paving the way for subsequent treatment of neurological diseases.

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Neurosurgery is widely used to treat various neurological diseases, such as Alzheimer’s disease, Parkinson’s disease, spinal cord injury and brain injury. According to the plan, neuroprosthetic devices are divided into neuromotor disorders, physical disorders, and cognitive disorders. In 2015, the acceptance of Parkinson’s disease and epilepsy was higher, and the prevalence of these diseases in motor neuron diseases was higher, which led to the frequent use of neuroprostheses and the expansion of the consumer base. On the other hand, due to the high incidence of Alzheimer’s disease and major depression, cognitive decline is expected to intensify.

North America has the highest revenue in 2021, accounting for 40% of the overall market share. This is largely due to factors such as public and private budgets and the establishment of established sanitation facilities. The growth of the government’s plan to manufacture technologically advanced equipment for the deaf in the European market is expected to show an upward trend in neuroprostheses, ensuring rapid and rapid growth. There are untapped opportunities in emerging markets. The goal is to reduce the overall cost of manufacturing implants and educate patients about the drivers of industry growth in the region. In addition, industry participants expect new investments in the form of new production facilities in the next few years, which have high growth potential for neuroemulsion.

Main market regions:

The study on Neuroprosthetics market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global neuroprosthetics market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment. 

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