SHERIDAN, NY, USA, Aug. 18, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Brain Computer Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” , offers a comprehensive analysis of the industry, which includes information on the global Brain-Computer Interface market share, the report also includes analysis of competitors and regions, and contemporary advances in the market.
The global brain-computer interface market size reached US$1.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$3.3 billion. by 2027, showing a growth rate (CAGR) of 14.2% during the period 2022-2027.
Industry overview and application:
A brain-computer interface (BCI) helps supplement, replace, enhance, restore, and enhance central nervous system (CNS) functions. It is used to acquire, translate and analyze brain signals into commands using an artificial output device. BCI restores or replaces useful functions in patients with neuromuscular disorders, such as amyotrophic lateral sclerosis, cerebral palsy, or spinal cord injury. The interface is also used for rehabilitation after stroke or other disorders. As a result, it is widely used to control and communicate with patients with Lock Syndrome (LIS) or severe paralysis.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Brain Computer Interface Market Trends and Drivers:
The rising prevalence of neurodegenerative disorders including Alzheimer’s disease, epilepsy, and Parkinson’s disease represents one of the major factors driving the market growth. Apart from this, BCI is finding applications in controlling smart home applications and activities, such as opening and closing doors and windows, which acts as a growth factor. Moreover, the interface is witnessing high demand in the military and defense sectors due to its high accuracy and reliability and improved security monitoring, which creates a positive outlook for the market. Additionally, booming investments in research and development (R&D) activities by key players, rising geriatric population, and rapid technological advancements are factors that are enhancing the growth of the global market.
Competitive Analysis and Segmentation of the Brain-Computer Interface Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of the global Brain-Computer Interface Market has been studied in the report along with the detailed profiles of key players operating in the market.
Key Players of Brain-Computer Interface Market include:
• Advanced Brain Monitoring Inc.
• Neuro ANT
• Compumedics Limited
• Medtronic plc
• Natus Medical Incorporated
• NeuroSky Inc.
• Nihon Kohden Company
• NIRx Medical Technologies LLC
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Table of Content of Brain-Computer Interface Market Research Report:
• Scope and methodology
• Global brain-computer interface market
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape
Key Market Segmentation:
The report has segmented the global brain-computer interface market on the basis of product, application, and region.
Brain-Computer Interface Market by Product:
• Invasive BCI
• Partially invasive BCI
• Non-invasive BCI
Brain-Computer Interface Market by Application:
• Health care
• Smart home control
• Communication and control
• Entertainment and games
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19 • Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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