Brain Implants Market Analysis Global Industry Share, Growth Boosted By Demand and Advanced Technology till 2023

 The research study presented here is an intelligent take on Brain Implants Market by MRFR that explains important aspects such as competition, segmentation, and regional growth in great detaiL

 

Brain Implants Market Highlights:

Brain implants, also called neural implants, are medical devices that are placed intracranially by surgical means to predict brain activity patterns or to stimulate activity in the brain.

The global brain implants market was valued at USD 1.36 Bn in 2017 and is expected to expand at a CAGR of 11.10% over the forecast period of 2018-2023, asserts Market Research Future (MRFR) in a detailed research report. The global brain implants market is on an upward growth trajectory and is expected to attain a valuation of USD 8.29 Bn by the end of 2023.

The surge in the prevalence of neurological disorders such as Parkinson's disease, Alzheimer's disease, epilepsy, and others has induced high demand for brain implants, since these implants are treatment-assistive and alleviate the need for drugs.

Also Read https://www.medgadget.com/2019/06/brain-implants-market-therapeutic-analysis-2019-industry-dynamics-product-innovations-and-technology-demand-overview-by-top-leaders-growth-foresight-to-2023.html

Competitive Landscape

Thermo Fisher Scientific Inc., bioMérieux SA, FOCUS Laboratories, Inc., Gibraltar Laboratories, Rapid Micro Biosystems, Inc., Dickinson and Company, Eurofins Scientific, Sartorius AG, Becton, Merck KGaA, and Charles River are the notable players in the global brain implants market.

Segmentation

The global brain implants market has been segmented based on product, application, and end users.

By product, the global brain implants market has been segmented into deep brain stimulator, spinal cord stimulator, and vagus nerve stimulator. Product-wise, the spinal cord stimulator segment is the largest segment, while the deep brain stimulator segment is projected to be the fastest growing segment.

By application, the global brain implants market has been segmented into chronic pain, epilepsy, Parkinson's disease, depression, essential tremor, and Alzheimer's disease. Application-wise, the Parkinson's disease segment accounts for the largest share of the market while the depression segment is poised to be the fastest growing segment.

By end-users, the global brain implants market has been segmented into hospitals, clinics, and ambulatory services. Clinics segment dominates the market while the hospitals segment is expected to grow at the fastest rate.

Browse Complete Premium Research Report Enabled with Respective Tables and Figures at https://www.marketresearchfuture.com/reports/brain-implants-market-6742

Regional Analysis

The Americas, Europe, Asia Pacific, and the Middle East & Africa are the key markets for brain implants. The Americas is a significant growth pocket for the global brain implants market. High prevalence of neurological disorders in the region and the high adoption rate of advanced medical technologies can be considered to be the major contributors to the growth of the Americas market. In addition, the region is home to various manufacturers. High disposable income of the population is also a crucial factor in the adoption of brain implants in the region, which cannot be ignored.

And Many More

About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions

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