Global Brain-Computer Interfaces Market Size and Forecast to 2021 – 2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Brain-Computer Interfaces data that enhances the understanding, scope, and application of this report.
The study includes market share analysis and profiles of players such as Advanced Brain Monitoring Inc., ANT Neuro, CGX A Cognionics Co., Emotiv Inc., g.tec medical engineering GmbH, Natus Medical Inc., and NIRx Medical Technologies LLC.
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The global Brain-Computer Interfaces market was estimated at $2.48 billion in 2020 and is expected to hit $4.46 billion by 2026, registering a CAGR of 13.6% from 2021 to 2030.
Executive Summary:
There are multiple electric signals used by a BCI and these are categorized into field potentials and spike. These signals are used to interpret and communicate with the devices connected to the brain. BCIs use a variety of approaches to assess activity in the brain. Electrodes may be positioned invasively inside or on the top of the brain, or noninvasively on the surface of the head. Electroencephalography (EEG) has been employed in the majority of BCIs. Several BCIs are built on noninvasive enzyme activity measurements, such as functional magnetic resonance imaging (fMRI). Moreover, BCIs, when used in conjunction with several other regenerative technologies, can stimulate cortically controlled muscle movements of paralyzed limbs, as well as sensation, to those who have been paralyzed for a long time.
BCI technology is in the early stages of its implementation, yet many industries are studying how the technology can be beneficial to them. Automotive manufacturing is one such industry that is working on utilizing the benefits associated with this technology. While most automotive companies are working on autonomous vehicles, Nissan has developed a completely new technology that will allow cars to drive autonomously by reading impulses from the driver’s brain directly.
Browse the report description and TOC:
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Brain-Computer Interfaces market.
The Regional Analysis is exclusively focused in the report:
North America dominated the market for brain-computer interface in 2019, primarily due to high R&D investments and a large number of clinical trials being conducted on brain devices in the region.
Asia Pacific is expected to exhibit the highest growth rate over the forecast period. Significant untapped opportunities, increasing healthcare expenditure, and growing awareness amongst patients are expected to drive the demand for brain computer interface in this region.
The study objectives of this report are:
- To study and analyze the global Brain-Computer Interfaces size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2026.
- To understand the structure of Brain-Computer Interfaces by identifying its various sub-segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Brain-Computer Interfaces manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Brain-Computer Interfaces with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Brain-Computer Interfaces submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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