illustrating Brain Implants Market Size, Future Technology, Industry Trends, Key Company Profiles, Growth Analysis, Challenges and Regional Outlook 2019 – 2023

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Brain Implants Market Size, Technology and Growth Research by Type (Spinal Cord Stimulator, Deep Brain Stimulator and Vagus Nerve Stimulator), by Application (Chronic Pain, Epilepsy, Parkinson's Disease, Depression, Essential Tremor and Alzheimer's Disease), by End User (Hospitals & Clinics and Specialty Centers) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2023

Market Research Future based on its in-depth study projects that global brain implants market is anticipated to touch the Global worth of 5261.08 Million USD at a CAGR of 9.30% over the forecast period of 2017-2023.

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Rapid innovation in healthcare systems has created lucrative opportunities in this untapped space. With effective treatment policies, integration of high-tech devices and tools, and low-cost treatment is poised to uphold the demand of healthcare industry, driving the growth of the global brain implants market.

Market Segmentation

The global brain implant market is broadly segmented based on type, application, and end-users.

The type segments are classified as spinal cord stimulator, vagus nerve stimulator, and deep brain stimulator. Spinal cord stimulator segment held the largest market share.

By application, the global brain implant market is segmented as chronic pain, epilepsy, depression, Parkinson’s disease, essential tremor, and Alzheimer’s. Based on market value, chronic pain segment dominates in the application segment.

Based on end-user, the global brain implant market is bifurcated as hospitals & clinics and specialty centers.

Competitive players

Some of the leading players contributing with their product and services include –

Medtronic

Boston Scientific Corporation

Functional Neuromodulation Ltd

LivaNova PLC

Abbott

Nevro Corporation

NeuroPace Inc.

Beijing PINS Medical Co. Ltd

Nuvectra Corporation

Synchron Inc

and Others

Industrial updates

A long-awaited development linked to brain implants might soon be possible. According to an insight in the journal Nature Biotechnology contributed by Shaun Patel, and Joshua of Harvard Medical School faculty and Professor Charles M. Lieber of Beth Friedman University, a mesh implant can aid in treating neurological disorders such as Alzheimer’s and Parkinson’s disease. It is also claimed that this implant could avert degrading of brain in sync to age. Neuralink, owned by Elon Musk is also functioning on similar implant technology.

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Rising Neurological Disorders

4.2.2 Increasing Geriatric Population

4.2.3 Technological Advancements

4.3 Restraints

4.3.1 Stringent Regulatory Framework

4.3.2 High Cost

4.4 Opportunity

4.4.1 Entering Developing Economies

4.5 Macroeconomics

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Geographically, the global brain implants market is largely diversified across the global markets such as Americas, Asia-Pacific, Europe, and the Middle East & Africa.

9 Global Brain Implants Market, by Region

9.1 Introduction

9.2 AMERICAS

9.2.1 NORTH AMERICA

9.2.2 SOUTH AMERICA

9.3 EUROPE

9.3.1 Western EUROPE

9.3.2 Eastern EUROPE

9.4 Asia-Pacific

9.4.1 China

9.4.2 Japan

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 MIDDLE EAST & AFRICA

9.5.1 MIDDLE EAST

9.5.2 AFRICA

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