Global Brain Implants Market By Product Type (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators) By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease) By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others) By Region, Competition Forecast & Opportunities, 2027
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Brain Implants Market By Product Type (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators) By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease) By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others) By Region, Competition Forecast & Opportunities, 2027
Global brain implants market is projected to grow at a steady pace, on account of increasing population that is prone to neurological disorders, in the upcoming years. Patients with neurological disorders and in need of technical systems to stimulate parts of nervous system, directly or indirectly are the end user of the product.
Increase in the number of such patients would enhance the demand for brain implants, thus supporting the growth of the market. Moreover, technical advancements in the brain implants would drive the market toward its expected growth.
Global brain implants market is segmented by product type, application, end user, and region. Based on product type, the market is categorized as
Neurological disorders like Parkinson’s, Alzheimer’s, and depression are increasing at an alarming rate. In fact, according to the recent report from the World Health Organization (WHO), neurological disorders cost 13.2% deaths in developed countries and 16.8% deaths in developing countries, amounting to 6.3% of global disease burden. The growing base of the aging population is more prone to Parkinson's disease.
Individuals suffering from Parkinson’s disease are not able to release adequate dopamine in the brain, which leads to walking problems, tremors, and stiffness among other conditions. Brain implants are proven to play a crucial role in providing therapeutic solutions to the same, thus supporting the growth of the global brain implants market.
Some of the major competitors in the market are Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Corporation, Edwards Lifesciences Corporation, NeuroPace, Inc., LivaNova PLC, Synchron Inc., Functional Neuromodulation Ltd., Beijing PINS Medical Co. Ltd, Renishaw Plc, Aleva Neurotherapeutics SA.
The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships.
Objective of the Study
- To analyze and forecast the market size of Global brain implants market from 2017 to 2021.
- To estimate and forecast the market size of Global brain implants market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Global brain implants market based on product type, application, end user, and regional distribution.
- To identify dominant region or segment in the Global brain implants market.
- To identify drivers and challenges for Global brain implants market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global brain implants market.
- To identify and analyze the profiles of leading players operating in Global brain implants market.
- To identify key sustainable strategies adopted by market players in Global 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 Global brain implants market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Brain implants manufacturers, end users, service providers and other stakeholders
- Distributers and suppliers of brain implants’ products and services 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 Years | 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 |
|
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Australia; Singapore; Malaysia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Qatar |
| Key Companies Profiled | Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Corporation, Edwards Lifesciences Corporation, NeuroPace, Inc., LivaNova PLC, Synchron Inc., Functional Neuromodulation Ltd., Beijing PINS Medical Co. Ltd, Renishaw Plc, Aleva Neurotherapeutics SA. |
| 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) |
Report Scope
In this report, Global brain implants market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Global Brain Implants Market, By Product Type
- Deep Brain Stimulators
- Spinal Cord Stimulators
- Vagus Nerve Stimulators
- Global Brain Implants Market, By Application
- Chronic Pain
- Epilepsy
- Parkinson’s Disease
- Depression
- Essential Tremor
- Alzheimer’s Disease
- Global Brain Implants Market, By End User
- Hospitals & Clinics
- Ambulatory Surgery Centres
- Others
- Global Brain Implants Market, By Region
Competitive Landscape
Company Profiles
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Company Information
- Detailed analysis and profiling of additional market players (up to five).
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