The global brain-computer interface market size is expected to reach USD 5,070.7 Million in 2030 and register a revenue CAGR of 12.3% over the forecast period, according to the latest analysis by Emergen Research. Between 2022 and 2030, increased R&D for novel treatments for chronic issues such sleep disorders, cerebrovascular illnesses, brain disorders, and fatal injuries is anticipated to drive market revenue growth.
Increased government initiatives, like the European study DECODER, which employs a brain-computer interface to detect awareness in patients who aren’t responding, are anticipated to spur industry expansion. Additionally, a number of significant market players are focussing their efforts on expanding their presence in developing nations like China and Japan, which will support market growth throughout the course of the forecast period.
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A link between the brain and other devices is provided via the brain-computer interface (BCI). Brain-computer interface (BCI) technology is often used to map, study, supplement, or restore human sensory-motor functions. The brain-computer interface (BCI) essentially records and analyses brain impulses. After that, the data is transformed into commands, which are then connected to action-taking output devices. The main goal of the brain-computer interface (BCI) is to assist sufferers of neuromuscular illnesses in regaining essential abilities.
One of the report’s central components is the broad Brain Computer Interface Market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Key companies operating in the Brain Computer Interface market include:
Mind Technologies, Inc., Medtronic, Nihon Kohden Corporation, CAS Medical Systems, Inc., Advanced Brain Monitoring, Inc., EMOTIV, NeuroSky, G.Tec Medical Engineering GmbH, Integra LifeSciences, and Cortech Solutions, Inc.
Emergen Research has segmented the global brain-computer interface market on the basis of component type, product type, application, end-use, and region:
Component Type Outlook (Revenue, USD Million; 2019–2030)
Product Type Outlook (Revenue, USD Million; 2019–2030)
Partially Invasive BCI
Application Outlook (Revenue, USD Million; 2019–2030)
Smart Home Control
Communication & Control
Entertainment & Gaming
End-Use Outlook (Revenue, USD Million; 2019–2030)
Education & Research
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Benefits of Buying the Global Brain Computer Interface Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Brain Computer Interface Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Brain Computer Interface Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Brain Computer Interface Market
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