Brain-Computer Interface Market To Reach USD 2.67 Billion By 2026 | CAGR of 11.1%
: New York, United States, 14-July-2020, (Via WiredRelease), (Reports and Data) – The Brain-computer interface market is expected to reach USD 2.67 Billion by 2026, according to a new report by Reports and Data. Research and development in the brain-computer interface systems are developing rapidly and is focused mainly on neuroprosthetic applications. Any modification of thought process leads to the shift in electrophysiological signals, which gets recognized by the BCI system. These electrophysiological signals are converted into command signals by the BCI system which can be used for several applications such as the development of video games.
BCIs (Brain-computer interfaces) are a recovery device for tetraplegia patients that intend to enhance the quality of life by increasing communication, selfâ€care, and control of the environment. The neurobiology of both recovery and BCI command depends upon learning to transform the efficiency of spared neural groups that imitate sensation, movement, and thought through continuous practice with feedback and remuneration. BCI demand is projected to gain a substantial boost soon because of the rising prevalence of stroke, depression, and Parkinson’s disease among the population.
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The market in the North America region accounts for the largest share of 42.3% of the market in 2018. The largest share is due to the growing population, rising occurrence of neurodegenerative disorders coupled with the increasing prevalence of virtual gaming. The growing population could be exposed to brain-related disorders that lead to critical disabilities.
Key participants include
Cadwell Industries, Inc, Nerusky, Inc, Integra Life Sciences Corporation , Advanced Brain Monitoring, Mind Technologies Inc, ANT Neuro B.V, Nihon Kohden Corporation, Emotiv Systems, Inc, NeuroPace Inc, Blackrock Microsystems LLC, OpenBCI, Artinis Medical Systems B.V, Elekta AB, Mindmaze SA.
For the purpose of this report, Reports and Data have segmented into the global Brain-Computer Interface market on the basis of type, propellants, application, and region:
Product Outlook (Revenue, USD Million; 2018-2026)
Non-invasive BCI Invasive BCI Partially BCI Others
End user Outlook (Revenue, USD Million; 2018-2026)
Medical Military Others
Application Outlook (Revenue, USD Million; 2018-2026)
Healthcare Smart home control Communication Entertainment & gaming
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Regional Outlook (Revenue, USD Million; 2017-2027)
North America S Europe K France Asia Pacific China India Japan MEA Latin America Brazil
Key insights of the report:
The report delivers key statistics on the current market status of the Brain-Computer Interface manufacturers and is a reliable source of guidance and direction for the companies and individuals interested in the industry. The report delivers an overview of the industry, including the basic definition, applications, the latest manufacturing technology, and others. The report comprises of the company profile, product specifications, production capacity, production value, and market shares for the key competitors. The market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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