The global brain-computer interface market size is expected to reach USD 5,070.7 Million in 2030 and register a revenue CAGR of 12.3% over the forecast period, according to the latest analysis by Emergen Research. Between 2022 and 2030, increased R&D for novel treatments for chronic issues such sleep disorders, cerebrovascular illnesses, brain disorders, and fatal injuries is anticipated to drive market revenue growth.
Increased government initiatives, like the European study DECODER, which employs a brain-computer interface to detect awareness in patients who aren’t responding, are anticipated to spur industry expansion. Additionally, a number of significant market players are focussing their efforts on expanding their presence in developing nations like China and Japan, which will support market growth throughout the course of the forecast period.
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A link between the brain and other devices is provided via the brain-computer interface (BCI). Brain-computer interface (BCI) technology is often used to map, study, supplement, or restore human sensory-motor functions. The brain-computer interface (BCI) essentially records and analyses brain impulses. After that, the data is transformed into commands, which are then connected to action-taking output devices. The main goal of the brain-computer interface (BCI) is to assist sufferers of neuromuscular illnesses in regaining essential abilities.
Competitive Outlook:
The global Brain Computer Interface Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Brain Computer Interface Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key companies operating in the Brain Computer Interface market include:
Mind Technologies, Inc., Medtronic, Nihon Kohden Corporation, CAS Medical Systems, Inc., Advanced Brain Monitoring, Inc., EMOTIV, NeuroSky, G.Tec Medical Engineering GmbH, Integra LifeSciences, and Cortech Solutions, Inc.
Emergen Research has segmented the global brain-computer interface market on the basis of component type, product type, application, end-use, and region:
Component Type Outlook (Revenue, USD Million; 2019–2030)
Hardware
Software
Product Type Outlook (Revenue, USD Million; 2019–2030)
Invasive BCI
Partially Invasive BCI
Non-Invasive BCI
Application Outlook (Revenue, USD Million; 2019–2030)
Healthcare
Smart Home Control
Communication & Control
Entertainment & Gaming
End-Use Outlook (Revenue, USD Million; 2019–2030)
Medical
Military
Manufacturing
Education & Research
Others
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Benefits of Buying the Global Brain Computer Interface Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Brain Computer Interface Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Brain Computer Interface Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Brain Computer Interface Market
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