Neuroprosthetics Market by Product, Technique, Application

List of Tables

The Neuroprosthetics Market is projected to reach USD 29.83 billion by 2030 from USD 11.02 billion in 2022, at a CAGR of 13.25% during the forecast period.

Global Neuroprosthetics Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 11.02 billion
Estimated Year Value [2023]	USD 12.42 billion
Forecast Year Value [2030]	USD 29.83 billion
CAGR (%)	13.25%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Neuroprosthetics Market.

Based on Product, market is studied across Input Neural Prosthetics and Output Neural Prosthetics. The Input Neural Prosthetics is further studied across Cochlear and Retinal. The Output Neural Prosthetics is further studied across Cognitive and Motor. The Output Neural Prosthetics is projected to witness significant market share during forecast period.

Based on Technique, market is studied across Deep Brain Stimulation, Sacral Nerve Stimulation, Spinal Cord Stimulation, Transcranial Magnetic Stimulation, and Vagus Nerve Stimulation. The Deep Brain Stimulation is projected to witness significant market share during forecast period.

Based on Application, market is studied across Cognitive Disorders, Motor Neuron Disorders, and Physiological Disorders. The Cognitive Disorders is further studied across Alzheimer's Disease and Paralysis. The Motor Neuron Disorders is further studied across Epilepsy and Parkinson's Disease. The Physiological Disorders is further studied across Auditory Processing Disorders, Cardiovascular Disorders, Kidney Disorders, and Ophthalmic Disorders. The Motor Neuron Disorders is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Neuroprosthetics Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Neuroprosthetics Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Neuroprosthetics Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Aleva Neurotherapeutics, Axonics, Inc., Bioness Inc., Boston Scientific Corporation, BrainsWay, Ltd., CorTec GmbH, eNeura Inc., LivaNova PLC, MED-EL Elektromedizinische Gerate Gesellschaft m.b.H., Medtronic PLC, MicroTransponder Inc., NDI, NERVANA LLC, Neuronetics, Inc., NeuroPace, Inc., Nevro Corporation, Nexstim Oyj, Ottobock SE & Co. KGaA, Renishaw PLC, SceneRay Co., Ltd., SetPoint Medical Corporation, Synchron, and Zimmer Biomet.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Neuroprosthetics Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Neuroprosthetics Market?

3. What is the competitive strategic window for identifying opportunities in the Neuroprosthetics Market?

4. What are the latest technology trends and regulatory frameworks in the Neuroprosthetics Market?

5. What is the market share of the leading vendors in the Neuroprosthetics Market?

6. Which modes and strategic moves are suitable for entering the Neuroprosthetics Market?

Product Code: MRR-C002B1C9958B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Neuroprosthetics Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Prevalence of neurological disorders worldwide
  - 5.1.1.2. Accelerating applications of neuromodulation
  - 5.1.1.3. Growing demand for personalized healthcare options
- 5.1.2. Restraints
  - 5.1.2.1. High cost and limited reimbursement coverage
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in neuroprosthetic learning and control
  - 5.1.3.2. Increase in funding from government and private organizations to expand research and development efforts related to neuroprosthetics
- 5.1.4. Challenges
  - 5.1.4.1. Ethical issues associated with neuroprosthetics
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Neuroprosthetics Market, by Product

6.1. Introduction
6.2. Input Neural Prosthetics
- 6.3.1. Cochlear
- 6.3.2. Retinal
6.3. Output Neural Prosthetics
- 6.4.1. Cognitive
- 6.4.2. Motor

7. Neuroprosthetics Market, by Technique

7.1. Introduction
7.2. Deep Brain Stimulation
7.3. Sacral Nerve Stimulation
7.4. Spinal Cord Stimulation
7.5. Transcranial Magnetic Stimulation
7.6. Vagus Nerve Stimulation

8. Neuroprosthetics Market, by Application

8.1. Introduction
8.2. Cognitive Disorders
- 8.3.1. Alzheimer's Disease
- 8.3.2. Paralysis
8.3. Motor Neuron Disorders
- 8.4.1. Epilepsy
- 8.4.2. Parkinson's Disease
8.4. Physiological Disorders
- 8.5.1. Auditory Processing Disorders
- 8.5.2. Cardiovascular Disorders
- 8.5.3. Kidney Disorders
- 8.5.4. Ophthalmic Disorders

9. Americas Neuroprosthetics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Neuroprosthetics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Neuroprosthetics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Abbott Laboratories
- 13.1.2. Aleva Neurotherapeutics
- 13.1.3. Axonics, Inc.
- 13.1.4. Bioness Inc.
- 13.1.5. Boston Scientific Corporation
- 13.1.6. BrainsWay, Ltd.
- 13.1.7. CorTec GmbH
- 13.1.8. eNeura Inc.
- 13.1.9. LivaNova PLC
- 13.1.10. MED-EL Elektromedizinische Gerate Gesellschaft m.b.H.
- 13.1.11. Medtronic PLC
- 13.1.12. MicroTransponder Inc.
- 13.1.13. NDI
- 13.1.14. NERVANA LLC
- 13.1.15. Neuronetics, Inc.
- 13.1.16. NeuroPace, Inc.
- 13.1.17. Nevro Corporation
- 13.1.18. Nexstim Oyj
- 13.1.19. Ottobock SE & Co. KGaA
- 13.1.20. Renishaw PLC
- 13.1.21. SceneRay Co., Ltd.
- 13.1.22. SetPoint Medical Corporation
- 13.1.23. Synchron
- 13.1.24. Zimmer Biomet
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing