The Neuroprosthesis Market is expected to register a CAGR of 13% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Input Neural Prosthetics and Output Neural Prosthetics), Technique (Deep Brain Stimulation, Sacral Nerve Stimulation, Spinal Cord Stimulation, Transcranial Magnetic Stimulation, and Vagus Nerve Stimulation), Application (Physiological Disorders, Cognitive Disorders and Motor Neuron Disorders). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Neuroprosthesis Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Neuroprosthesis Market Segmentation
Type- Input Neural Prosthetics
- Output Neural Prosthetics
- Deep Brain Stimulation
- Sacral Nerve Stimulation
- Spinal Cord Stimulation
- Transcranial Magnetic Stimulation
- Vagus Nerve Stimulation
- Physiological Disorders
- Cognitive Disorders
- Motor Neuron Disorders
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Neuroprosthesis Market Growth Drivers- Rising Prevalence of Neurological Disorders: The increasing incidence rate of neurological diseases, like Parkinson's disease, Alzheimer's disease, and stroke, is mainly propelling the neuroprosthetics market. As the aging population is a rapidly growing phenomenon worldwide, the incidence of this disorder in people will also rise, which would mean a higher requirement for neuroprosthetic devices.
- Growing Awareness and Acceptance: Neuroprosthetics have been shown to garner an acceptable level of awareness and acceptance among patients as well as health care professionals. Therefore, it has made this field of prosthetics a much more satisfactory mode of effective treatment. High success stories coupled with educational programs have significantly contributed to increasing awareness regarding the benefits of neuroprosthetics.
- Increased Incidence of Nerve Injuries: Rising incidents and injuries due to accidents result in nerve damage. This segment of neuroprosthetics solves the problems relating to the restoration of function in patients who have been subjected to such injuries, thereby setting forth a rise in demand for it.
- Integration of Advanced Technologies: Perhaps the most significant trend here is that neuroprosthetic devices are starting to make use of advanced technologies such as artificial intelligence and machine learning. While they help improve functions in terms of a better control approach and adaptability to the needs of individual users, these technologies can be very influential in reaching higher levels of precision in brain-computer interfaces to help disabled users with motor-related issues.
- Focus on Rehabilitation and Recovery: The interest in neuroprosthetics as a tool of rehabilitation is currently high. Devices will no longer be intended to replace lost functions but may assist in the recovery of motor skills and various cognitive functions. The trend is undoubtedly applicable to stroke victims and patients suffering traumatic brain injuries.
- Expansion of Product Types: Diversification is further taking place in the neuroprosthetics market with various kinds of neuroprosthetics designed and available in the market, such as motor prosthetics, cochlear implants, cognitive prosthetics, and retinal implants. It caters to a better range of neurological conditions and gives more appeal to the overall market.
- Rising Adoption of Brain-Computer Interface (BCI) Technology: The integration of brain-computer interface (BCI) technology in neuroprosthetics presents a significant market opportunity. BCIs allow direct communication between the brain and external devices, enabling individuals with neurological conditions, such as paralysis, to regain motor function. As BCI technology becomes more advanced and accessible, it opens up new possibilities for neuroprosthetic devices, which could lead to significant market growth, particularly in the treatment of spinal cord injuries and neurological disorders.
- Expanding Applications in the Treatment of Mental Health Disorders: There is a growing market opportunity for neuroprosthetics in the treatment of mental health disorders. Neurostimulation devices, such as deep brain stimulation (DBS), are increasingly being explored for their effectiveness in treating conditions like depression, anxiety, and obsessive-compulsive disorder (OCD). As clinical research continues to support the efficacy of neuroprosthetics for mental health, new applications in psychiatry present vast untapped opportunities in both existing and emerging markets.
- Technological Advancements in Wearable Neuroprostheses: The development of wearable neuroprostheses offers a significant market opportunity. These devices, which could include neural exoskeletons and sensory prosthetics, provide patients with mobility and sensory restoration outside of a clinical environment. As technological advancements make these devices lighter, more efficient, and easier to use, the demand for wearable neuroprostheses is expected to grow, especially in rehabilitation settings and for individuals with neurological impairments seeking independence.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Neuroprosthesis Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Neuroprosthesis Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Abbott, Boston Scientific Corporation, Medtronic, Nevro Corp accounting for higesh market shares and are some of the major players operating in the market
Asia Pacific region dominated the Neuroprosthesis Market in 2023
The Deep Brain Stimulation segment accounts for highest revenue in product the Neuroprosthesis Market in 2023
North America region dominated the Neuroprosthesis Market in 2023
The Neuroprosthesis Market is estimated to witness a CAGR of 13% from 2023 to 2031
The rising prevalence of neurological disorders is driving the market growth.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Neuroprosthetics Market– By Type
1.3.2. Neuroprosthetics Market– By Technique
1.3.3. Neuroprosthetics Market– By Application
1.3.4. Neuroprosthetics Market– By Region
1.3.4.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEUROPROSTHETICS MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America – PEST Analysis
4.2.2. Europe – PEST Analysis
4.2.3. Asia Pacific – PEST Analysis
4.2.4. Middle East & Africa – PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. NEUROPROSTHETICS MARKET– KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. NEUROPROSTHETICS MARKET– GLOBAL ANALYSIS
6.1. NEUROPROSTHETICS MARKET – GLOBAL MARKET OVERVIEW
6.2. NEUROPROSTHETICS MARKET – GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. NEUROPROSTHETICS MARKET REVENUE AND FORECASTS TO 2028 – BY TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. INPUT NEURAL PROSTHETICS MARKET
7.3.1. Overview
7.3.2. Input Neural Prosthetics Market Forecast and Analysis (US$ Mn)
7.3.3. Retinal Implants Market
7.3.3.1. Overview
7.3.3.2. Retinal Implants Market Forecast and Analysis (US$ Mn)
7.3.4. Cochlear Implants Market
7.3.4.1. Overview
7.3.4.2. Cochlear Implants Market Forecast and Analysis (US$ Mn)
7.4. OUTPUT NEURAL PROSTHETICS MARKET
7.4.1. Overview
7.4.2. Output Neural Prosthetics Market Forecast and Analysis (US$ Mn)
7.4.3. Motor Prosthetics Market
7.4.3.1. Overview
7.4.3.2. Motor Prosthetics Market Forecast and Analysis (US$ Mn)
7.4.4. Cognitive Prosthetics Market
7.4.4.1. Overview
7.4.4.2. Cognitive Prosthetics Market Forecast and Analysis (US$ Mn)
8. NEUROPROSTHETICS MARKET REVENUE AND FORECASTS TO 2028 – BY TECHNIQUE
8.1. OVERVIEW
8.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. DEEP BRAIN STIMULATION MARKET
8.3.1. Overview
8.3.2. Deep Brain Stimulation Market Forecast and Analysis (US$ Mn)
8.4. SACRAL NERVE STIMULATION MARKET
8.4.1. Overview
8.4.2. Sacral Nerve Stimulation Market Forecast and Analysis (US$ Mn)
8.5. SPINAL CORD STIMULATION MARKET
8.5.1. Overview
8.5.2. Spinal Cord Stimulation Market Forecast and Analysis (US$ Mn)
8.6. TRANSCRANIAL MAGNETIC STIMULATION MARKET
8.6.1. Overview
8.6.2. Transcranial Magnetic Stimulation Market Forecast and Analysis (US$ Mn)
8.7. VAGUS NERVE STIMULATION MARKET
8.7.1. Overview
8.7.2. Vagus Nerve Stimulation Market Forecast and Analysis (US$ Mn)
9. NEUROPROSTHETICS MARKET REVENUE AND FORECASTS TO 2028 – BY APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PHYSIOLOGICAL DISORDERS MARKET
9.3.1. Overview
9.3.2. Physiological Disorders Market Forecast and Analysis (US$ Mn)
9.4. COGNITIVE DISORDERS MARKET
9.4.1. Overview
9.4.2. Cognitive Disorders Market Forecast and Analysis (US$ Mn)
9.5. MOTOR NEURON DISORDERS MARKET
9.5.1. Overview
9.5.2. Motor Neuron Disorders Market Forecast and Analysis (US$ Mn)
10. NEUROPROSTHETICS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA NEUROPROSTHETICS MARKET
10.1.1. North America Neuroprosthetics Market Forecasts and Analysis (US$ Mn)
10.1.2. North America Neuroprosthetics Market Forecasts and Analysis – By Type (US$ Mn)
10.1.2.1. North America Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.2.2. North America Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.3. North America Neuroprosthetics Market Forecasts and Analysis – By Technique (US$ Mn)
10.1.4. North America Neuroprosthetics Market Forecasts and Analysis – By Application (US$ Mn)
10.1.5. North America Neuroprosthetics Market Forecasts and Analysis – By Country
10.1.6. US Market Overview
10.1.6.1. US Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.1.6.2. US Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.6.3. US Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.6.4. US Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.6.5. US Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.1.7. Canada Market Overview
10.1.7.1. Canada Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.1.7.2. Canada Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.7.3. Canada Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.7.4. Canada Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.7.5. Canada Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.1.8. Mexico Market Overview
10.1.8.1. Mexico Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.1.8.2. Mexico Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.8.3. Mexico Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.1.8.4. Mexico Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.8.5. Mexico Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.2. EUROPE NEUROPROSTHETICS MARKET
10.2.1. Europe Neuroprosthetics Market Forecasts and Analysis (US$ Mn)
10.2.2. Europe Neuroprosthetics Market Forecasts and Analysis – By Type (US$ Mn)
10.2.2.1. Europe Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.2.2. Europe Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.3. Europe Neuroprosthetics Market Forecasts and Analysis – By Technique (US$ Mn)
10.2.4. Europe Neuroprosthetics Market Forecasts and Analysis – By Application (US$ Mn)
10.2.5. Europe Neuroprosthetics Market Forecasts and Analysis – By Country
10.2.6. UK Market Overview
10.2.6.1. UK Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.2.6.2. UK Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.6.3. UK Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.6.4. UK Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.6.5. UK Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.2.7. Germany Market Overview
10.2.7.1. Germany Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.2.7.2. Germany Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.7.3. Germany Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.7.4. Germany Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.7.5. Germany Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.2.8. France Market Overview
10.2.8.1. France Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.2.8.2. France Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.8.3. France Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.8.4. France Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.8.5. France Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.2.9. Italy Market Overview
10.2.9.1. Italy Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.2.9.2. Italy Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.9.3. Italy Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.9.4. Italy Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.9.5. Italy Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.2.10. Spain Market Overview
10.2.10.1. Spain Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.2.10.2. Spain Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.10.3. Spain Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.2.10.4. Spain Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.10.5. Spain Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.3. ASIA PACIFIC NEUROPROSTHETICS MARKET
10.3.1. Asia Pacific Neuroprosthetics Market Forecasts and Analysis (US$ Mn)
10.3.2. Asia Pacific Neuroprosthetics Market Forecasts and Analysis – By Type (US$ Mn)
10.3.2.1. Asia Pacific Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.2.2. Asia Pacific Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.3. Asia Pacific Neuroprosthetics Market Forecasts and Analysis – By Technique (US$ Mn)
10.3.4. Asia Pacific Neuroprosthetics Market Forecasts and Analysis – By Application (US$ Mn)
10.3.5. Asia Pacific Neuroprosthetics Market Forecasts and Analysis – By Country
10.3.6. Japan Market Overview
10.3.6.1. Japan Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.3.6.2. Japan Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.6.3. Japan Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.6.4. Japan Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.6.5. Japan Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.3.7. China Market Overview
10.3.7.1. China Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.3.7.2. China Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.7.3. China Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.7.4. China Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.7.5. China Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.3.8. India Market Overview
10.3.8.1. India Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.3.8.2. India Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.8.3. India Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.8.4. India Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.8.5. India Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.3.9. Australia Market Overview
10.3.9.1. Australia Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.3.9.2. Australia Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.9.3. Australia Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.9.4. Australia Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.9.5. Australia Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.3.10. South Korea Market Overview
10.3.10.1. South Korea Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.3.10.2. South Korea Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.10.3. South Korea Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.3.10.4. South Korea Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.10.5. South Korea Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.4. MIDDLE EAST & AFRICA (MEA) NEUROPROSTHETICS MARKET
10.4.1. Middle East & Africa (MEA) Neuroprosthetics Market Forecasts and Analysis (US$ Mn)
10.4.2. Middle East & Africa (MEA) Neuroprosthetics Market Forecasts and Analysis – By Type (US$ Mn)
10.4.2.1. Middle East & Africa (MEA) Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.2.2. Middle East & Africa (MEA) Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.3. Middle East & Africa (MEA) Neuroprosthetics Market Forecasts and Analysis – By Technique (US$ Mn)
10.4.4. Middle East & Africa (MEA) Neuroprosthetics Market Forecasts and Analysis – By Application (US$ Mn)
10.4.5. Middle East & Africa (MEA) Neuroprosthetics Market Forecasts and Analysis – By Country
10.4.6. South Africa Market Overview
10.4.6.1. South Africa Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.4.6.2. South Africa Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.6.3. South Africa Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.6.4. South Africa Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.6.5. South Africa Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.4.7. Saudi Arabia Market Overview
10.4.7.1. Saudi Arabia Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.4.7.2. Saudi Arabia Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.7.3. Saudi Arabia Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.7.4. Saudi Arabia Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.7.5. Saudi Arabia Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.4.8. UAE Market Overview
10.4.8.1. UAE Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.4.8.2. UAE Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.8.3. UAE Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.4.8.4. UAE Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.8.5. UAE Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.5. SOUTH AND CENTRAL AMERICA NEUROPROSTHETICS MARKET
10.5.1. South and Central America Neuroprosthetics Market Forecasts and Analysis (US$ Mn)
10.5.2. South and Central America Neuroprosthetics Market Forecasts and Analysis – By Type (US$ Mn)
10.5.2.1. South and Central America Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.5.2.2. South and Central America Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.5.3. South and Central America Neuroprosthetics Market Forecasts and Analysis – By Technique (US$ Mn)
10.5.4. South and Central America Neuroprosthetics Market Forecasts and Analysis – By Application (US$ Mn)
10.5.5. South and Central America Neuroprosthetics Market Forecasts and Analysis – By Country
10.5.6. Argentina Market Overview
10.5.6.1. Argentina Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.5.6.2. Argentina Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.5.6.3. Argentina Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.5.6.4. Argentina Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.5.6.5. Argentina Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
10.5.7. Brazil Market Overview
10.5.7.1. Brazil Neuroprosthetics Market Forecasts and Analysis - By Type (US$ Mn)
10.5.7.2. Brazil Input Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.5.7.3. Brazil Output Neural Prosthesis Market Forecasts and Analysis – By Type (US$ Mn)
10.5.7.4. Brazil Neuroprosthetics Market Forecasts and Analysis - By Technique (US$ Mn)
10.5.7.5. Brazil Neuroprosthetics Market Forecasts and Analysis - By Application (US$ Mn)
11. INDUSTRY LANDSCAPE
1.1. ORGANIC GROWTH STRATEGIES
1.1.1. New Product Launches
1.1.2. Marketing & Promotional Activities
1.2. INORGANIC GROWTH STRATEGIES
1.2.1. Partnerships, Collaborations, and Joint Ventures
1.2.2. Mergers & Acquisitions
12. NEUROPROSTHETICS MARKET, KEY COMPANY PROFILES
12.1. ABBOTT
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BOSTON SCIENTIFIC CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COCHLEAR LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. LIVANOVA PLC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MED EL
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MEDTRONIC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NEUROPACE, INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NEVRO CORP.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SECOND SIGHT MEDICAL PRODUCTS, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SONOVA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Abbott
- Boston Scientific Corporation
- Cochlear Ltd.
- LivaNova PLC
- MED EL
- Medtronic
- NeuroPace, Inc.
- Nevro Corp.
- Second Sight Medical Products, Inc.
- Sonova
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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