Neuroprosthetics Market 2020 Focuses on Top Companies, Research Methodology, Drivers and Opportunities

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Portland, OR — 11/09/2017 — Neuroprosthetics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $14 billion by 2020, registering a CAGR of 15.8% during the period 2016-2020. High growth segments such as Visual neuroprosthetics/retinal implants and applications such as Parkinson's disease, Overactive Bladder Syndrome and Epilepsy are expected to contribute substantially to the growth of the overall global Neuroprosthetics market. Motor Prosthetics holds the largest share within Neuroprosthetics devices market segment whereas Sacral Cord Stimulation (SCS) would maintain the leading market position through 2020, within technology segment.

Multitude of cognitive and physiological disorders have a debilitating impact on 'quality-of-life' of affected patient populace. A majority (~80%) of such patients is unamenable to any form of treatment as first line (drug) and second line (invasive surgeries) treatments fail. Neuroprosthetics devices or neural implants or brain implants offer an efficacious solution to the afore-mentioned type of patients.

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Neuroprosthetics deploy technologies such as Deep Brain Simulation (DBS), Vagus Nerve Stimulation (VNS), Spinal Cord Stimulation (SCS) and Sacral Nerve Stimulation (SNS) depending on the clinical condition to ameliorate the disease condition. Depending on the condition treated, product types of Neuroprosthetics include Motor Prosthetics, Auditory Prosthetics/ Cochlear Implants, Visual Prosthetics/ Retinal implants and Cognitive Prosthetics.

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Neuroprosthetics implants/devices are the costlier products that can be afforded by the consumers with high disposable incomes. Moreover, these devices require the training and skills for their use. In developed countries, can afford neuroprosthetics treatments due to presence of high income groups and awareness of these therapies amongst people.

NEUROPROSTHETICS MARKET SEGMENTATION

By Technology

-Deep Brain Simulation (DBS)
-Vagus Nerve Stimulation (VNS)
-Spinal Cord Stimulation (SCS)
-Sacral Nerve Stimulation (SNS)

By Type

-Motor Neuroprosthetics
-Auditory Neuroprosthetics/ Cochlear implants
-Visual Neuroprosthetics/ Retinal implants
-Cognitive Neuroprosthetics

By Application

-Motor Neuron disorders
-Physiological disorders
-Cognitive disorders

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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