United States brain implants market are anticipated to show a robust growth in the upcoming five years, 2023-2027. The market growth can be attributed to increasing incidences of neurological conditions, like Parkinson’s disease, Alzheimer’s, and epilepsy. Moreover, increasing knowledge about the possibilities of the brain implants along with its advantages over the various neurological diseases, is the probable cause behind the exponential growth of the United States brain implants market in the upcoming five years. Also, extensive research is still carried out to study the functions and aspects of brain, neurological system and diseases that effect the brain and nervous system at large. This research has made it possible for the various implants and other treatment methods to be devised and be launched in the market, thereby supporting the growth of the market in the next five years. Furthermore, factors like stress and obesity are major cause of depression among the population. Depression caused have proven record to be treated with the usage of brain implants. The rising instances of depression is anticipated to aid the growth of the United States brain implants market in the upcoming five years.
Also, the geriatric population is more susceptible to incur brain damage, sensory damage, and suffer from neurological diseases. Increasing geriatric population in the country is expected to drive the market growth in the future five years.
The United States brain implants market is segmented by the product type, application, end user, competitional landscape, and regional distribution. Based on product type, the market is further divided into deep brain stimulators, spinal cord stimulators, and vagus nerve stimulators. Deep brain stimulators are medical devices that are electively selected for the procedure of deep brain stimulation as a treatment regime for neurological issues like obsessive-compulsive disorder, Parkinson’s diseases, dystonia, essential tremor, epilepsy, and Alzheimer’s disease. In this surgical procedure electrodes (brain implants) are implanted into certain brain areas. These electrodes generate electrical signals that is able to control the abnormal brain functions. The advantages of the surgical process over multiple neurological disorders that has affected mass population of the country is the key factor driving the growth of the United States brain implants market in the upcoming five years. Moreover, Vagus nerve stimulators are expected to register the fastest CAGR growth in the upcoming five years. These medical devices are used to stimulate the vagus nerve with electrical impulses which aids in the treatment of epilepsy and depression. The rising cases of epilepsy and depression are the major cause of the future growth of the market until 2027.
A partial list of market player in the United States brain implants market includes, Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Americas Holding, Inc., Edwards Lifesciences Corporation, NeuroPace, Inc., Synchron Inc., among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyze the historical growth of the market size of United States brain implants market from 2017 to 2020.
- To estimate and forecast the market size of United States brain implants market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast United States brain implants market based on product type, application, end user, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States brain implants market.
- To identify drivers and challenges for United States brain implants market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States brain implants market.
- To identify and analyze the profile of leading players operating in United States brain implants market.
- To identify key sustainable strategies adopted by market players in United States brain implants market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of United States
Key Target Audience
- Brain implants manufacturers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to brain implants
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type · Application · End User |
| Regional scope | South, West, Mid-West, North East. |
| Key companies profiled | Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Americas Holding, Inc., Edwards Lifesciences Corporation, NeuroPace, Inc., Synchron Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
