The Global Brain-Computer Interface Market to be Driven by Growing Problems of Neurological Diseases During the Forecast Period 2022-2027

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Expert Market Research’s new report titled, “Global Brain Computer Interface Market Report and Forecast 2022-2027”, gives an in-depth analysis of the global computer interface market, assessing the market based on its segments such as type, size, application and the main Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size (2021): $1.43 billion
  • Forecast CAGR (2022-2027): 16%
  • Forecast market size (2027): 3.39 billion USD

The brain-computer interface market is driven by technological advancements in bio-sensing, nanotechnology, biological signal processing and neuro-imaging techniques, as well as increasing R&D investments, offering good prospects for the market. Furthermore, the growing implementation of BCI in the defense and military sectors is expected to boost the market growth.

Activity area

Brain-Computer Interface (BCI) technology helps people connect to digital gadgets using their brain activity. The BCI analyzes and senses brain activity, or electrical impulses in the brain, using electrodes on the scalp, cortex, or cortical surface, to generate inputs, which are then translated into commands and transmitted devices that execute those commands. This is a unique technique for people with neuromuscular problems, including cerebral palsy and any type of spinal cord injury, as well as for patients who have suffered a stroke. BCI has a number of benefits, including the ability to recover lost functions like movement and the ability to improve human performance, like a drowsy driver warned to stay awake while driving. BCI can also be used to enhance gaming experience using VR (virtual reality) equipment.

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According to type, the industry can be divided into:

  • invasive
  • Non invasive
  • Partially invasive

Based on application, the industry can be categorized into:

  • Health care
  • Communications and control
  • Games and entertainment
  • smart home control
  • Others

Regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market trends

The brain-computer interface industry is expected to witness significant growth due to increasing investment in research and development of BCI technology across several business sectors. Additionally, the growing global problem of neurological diseases is expected to drive the overall market growth as BCI technology offers potentially useful mechanisms that are expected to effectively aid in the rehabilitation and improvement of patients suffering from neurological disorders. According to the WHO report on neurological diseases published in 2006, neurological disorders are expected to contribute to a 12% increase in DALYs (disability adjusted life years) worldwide by 2030. Cases of Alzheimer’s and dementia are projected to increase by 66% between 2005 and 2030. DALYs are used to determine the global burden of disease by counting the number of years a person has lost due to premature death or disease. .

Main market players

Major market players are Advanced Brain Monitoring, Inc., CorTec GmbH, EMOTIV, Inc., Natus Medical Incorporated, g.tec medical engineering GmbH and others.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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