The research report also talks about the trends that are currently prevailing in the market, market opportunities that may come up in the future, and driving factors affecting the growth of the market. The research report also maps the present market and its growth possibilities in the given period of forecast.
The revenue generated by the global BCI market stood at an overall valuation of US$0.3832 Mn in 2015. This figure is anticipated to expand at a CAGR of 14.9% over the course of the given forecast period of 2016 to 2024 and reach a market valuation of US$1.232 bn by 2024.
The expanding innovative adoption of wearable medical devices is required to emphatically strengthen the market for the brain PC interface (BCI) devices. The interest for BCI devices is relied upon the growing demand from different sectors such as healthcare, gaming and other media outlets.
The population across the globe is becoming progressively mindful about the usefulness and the general advantages of brain computing wearable devices in the treatment of various brain related disorders. Along these lines, the enormous ascent in the global population of geriatrics and the sequential ascent in brain related diseases such as Parkinson’s malady, despondency, and stroke has emerged as to be one of the key aspects boosting the demand for BCI devices across the globe and thus, fuelling the overall development of the market.
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The dynamic participation of numerous government associations in the promotion of BCI technology, particularly in nations with established economies, is also projected to be a key factor advancing the overall growth of the global BCI market. Projects such as the Horizon 2020, backed by the EU and various BCI-related projects affirmed by the U.S. FDA are relied upon to have a considerable positive effect on the general growth of the global BCI market over the course of the given forecast period of 2016 to 2024.
The high cost of BCI devices is one of the key restraining factors affecting the development of the global BCI market, particularly over emerging economies with a high-development potential such as Asia Pacific. As the expenses of a larger part of frequently utilized BCI devices are excessively expensive for research institutes and even unwanted extravagances for more individual applications, substitutes for these devices are likely to gain more traction. This factor could thus, be one of the key factors to impede the overall development of the global BCI market in new regions, and thus may hamper the general development prospects of the global market.
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The global brain computing interface market can be segmented depending in terms of type into categories such as invasive BCI, non-invasive BCI, and partially invasive BCI among others. Out of these types, the non-invasive BCI devices is expected to witness high levels of demand over the other type during the given forecast period. Depending on the application, the global brain computing interface (BCI) can be further segmented into gaming and entertainment, communications, and healthcare among others.
Geographically, the global brain computing interface market can divided into key regions such as India, Japan, Southeast Asia, and EU among others. Nations in Asia Pacific such as India and Japan will contribute significantly in the growth of the global market owing to increasing geriatric population and disposable income.
Some of the key companies in the global brain computing interface (BCI) market include names such as ANT Neuro B.V., NeurPace Inc., Mindmaze SA, Artinis Medical Systems B.V., and Nerusky Inc. among others.
Table of Contents
Global Brain Computer Interface (BCI) Market Size, Status and Forecast 2022
1 Industry Overview of Brain Computer Interface (BCI)
1.1 Brain Computer Interface (BCI) Market Overview
1.1.1 Brain Computer Interface (BCI) Product Scope
1.1.2 Market Status and Outlook
1.2 Global Brain Computer Interface (BCI) Market Size and Analysis by Regions
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Brain Computer Interface (BCI) Market by Type
1.3.1 Invasive BCI
1.3.2 Partially Invasive BCI
1.3.3 Non Invasive BCI
1.4 Brain Computer Interface (BCI) Market by End Users/Application
1.4.1 Healthcare
1.4.2 Gaming and Entertainment
1.4.3 Communication
1.4.4 Others
2 Global Brain Computer Interface (BCI) Competition Analysis by Players
2.1 Brain Computer Interface (BCI) Market Size (Value) by Players (2016 and 2017)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 Cadwell Industries, Inc
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Brain Computer Interface (BCI) Revenue (Value) (2012-2017)
3.1.5 Recent Developments
3.2 Nerusky, Inc
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Brain Computer Interface (BCI) Revenue (Value) (2012-2017)
3.2.5 Recent Developments
3.3 Advanced Brain Monitoring
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Brain Computer Interface (BCI) Revenue (Value) (2012-2017)
3.3.5 Recent Developments
3.4 ANT Neuro B.V
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
…
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