Neuroprosthetics Market by Type (Output, Input), Techniques (Deep Brain, Vagus Nerve, Spinal Cord stimulation), Application (Epilepsy, Paralysis, Alzheimer's Disease) - Global Forecast to 2022

  • ID: 4455636
  • Report
  • Region: Global
  • 120 Pages
  • Markets and Markets
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The Neuroprosthetics Market Was Valued at USD 5.84 Billion in 2017 And Expected to Grow at a CAGR of 12.4% to a USD 10.48 Billion Market By 2022.

FEATURED COMPANIES

  • Abbott
  • Cochlear
  • Med-El
  • NDI Medical
  • Nevro
  • Second Sight
  • MORE

“Neuroprosthetics market projected to grow at a CAGR of 12.4%”

Factors driving this market include increasing number of neurological disorders, increasing incidence of hearing loss, increasing prevalence of diabetes, and increasing cases of amputation due to the rising number of accidents & injuries. Availability of alternative treatment, high cost of neuroprosthetics devices, and dearth of trained professionals are the major factors hampering the growth of the market.

“Output neural prosthetics segment is accounted for the largest share in the market”

The neuroprosthetics market is classified on the basis of type into input neural prosthetics and output neural prosthetics. The output neural prosthetics segment accounted for the largest share of this market segment. This growth can be attributed to the increasing neurological disorders.

“Motor neuron disorders segment is expected to register the highest CAGR during the forecast period”

The neuroprosthetics market is classified on the basis of the application into motor neuron disorders, physiological disorders, and cognitive disorders. The motor neuron disorders segment is expected to register the highest growth rate during the forecast period. This growth can be attributed to the increasing neurological disorders such as Parkinson's disease and epilepsy.

“North America is account for the largest regional segment in the market”

Geographically, the neuroprosthetics market is dominated by North America, followed by Europe. The North American region is estimated to account for the largest share in 2017 and the trend is expected to continue during the forecast period. The growth in this market can be attributed to the presence of major key players in the region and rising geriatric population, increasing incidence of peripheral nerve injuries, availability of government funding, and technological advancements.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type - Tier 1 - 35%, Tier 2 - 22% and Tier 3 - 43%
  • By Designation - C level - 15%, Director level - 32%, Others - 53%
  • By Region - North America - 32%, Europe - 27%, Asia - 22%, RoW - 19%

Key players operating in the neuroprosthetics market include Medtronic (US), Boston Scientific (US), Abbott (US), LivaNova (UK), Secong Sight (US), and Cochlear (Australia).

Research Coverage:

The report analyses the neuroprosthetics market by type, technique, application, and region. Apart from comprehensive geographic and market sizing, the report also provides the competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the report profiles companies with developments, and strategies adopted by key players to maintain and increase their shares in the market. The abovementioned market research data, market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions to be successful in the market.

Benefits of Buying this Report:

This report will enable both established firms as well as new entrants/smaller firms gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the five strategies mentioned below to strengthen their market shares.

The report provides insights on the following strategies:

  • Market Penetration: The report analyzes the neuroprosthetics market on the basis of several segments.
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the neuroprosthetics market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various neuroprosthetics product across geographies.
  • Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the neuroprosthetics market
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott
  • Cochlear
  • Med-El
  • NDI Medical
  • Nevro
  • Second Sight
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Neuroprosthetics Market Overview
4.2 European Output Neural Prosthetics Market, By Application and Country
4.3 Geographic Analysis of the Neuroprosthetics Market, By Country
4.4 Output Neural Prosthetics Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of Patients Suffering From Neurological Disorders and Nerve Injury
5.2.1.2 Increasing Incidence of Hearing Loss
5.2.1.3 Increasing Cases of Amputation Due to the Rising Number of Accidents & Injuries
5.2.1.4 Increasing Prevalence of Diabetes
5.2.2 Restraints
5.2.2.1 Availability of Alternative Treatment Options
5.2.2.2 High Cost of Neuroprosthetics and Unfavorable Reimbursement Scenario
5.2.2.3 Dearth of Trained Professionals
5.2.3 Opportunities
5.2.3.1 Higher Growth Opportunities in Emerging Economies
5.2.3.2 Expanded Target Applications and New Indications

6 Neuroprosthetics Market, By Type
6.1 Introduction
6.2 Output Neural Prosthetics
6.2.1 Motor Prosthetics
6.2.2 Cognitive Prosthetics
6.3 Input Neural Prosthetics
6.3.1 Cochlear Implants
6.3.2 Bionic Eye/Retinal Implants

7 Neuroprosthetics Market, By Technique
7.1 Introduction
7.2 Spinal Cord Stimulation
7.3 Deep Brain Stimulation
7.4 Vagus Nerve Stimulation
7.5 Sacral Nerve Stimulation
7.6 Transcranial Magnetic Stimulation

8 Neuroprosthetics Market, By Application
8.1 Introduction
8.2 Motor Neuron Disorders
8.2.1 Parkinson’s Disease
8.2.2 Epilepsy
8.3 Physiological Disorders
8.3.1 Auditory Processing Disorders
8.3.2 Ophthalmic Disorders
8.3.3 Cardiovascular Disorders
8.3.4 Urology Disorders
8.4 Cognitive Disorders
8.4.1 Alzheimer’s Disease
8.4.2 Paralysis

9 Neuroprosthetics Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis, 2016
10.3 Competitive Scenario
10.3.1 Product Launches and Approvals
10.3.2 Acquisitions
10.3.3 Agreements
10.3.4 Mergers
10.3.5 Expansions

11 Company Profiles
(Overview, Products Offered, Recent Developments, MnM View)*
11.1 Medtronic
11.2 Abbott
11.3 Cochlear
11.4 Boston Scientific
11.5 Livanova
11.6 Second Sight
11.7 Med-El
11.8 Retina Implant
11.9 Sonova
11.10 Neuropace
11.11 NDI Medical
11.12 Nevro
*Details on Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Industry Insights
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Incidence of Hearing Loss, By Region, 2012 (Million)
Table 2 Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 3 Output Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 4 Output Neural Prosthetics Market, By Region, 2015–2022 (USD Million)
Table 5 Motor Prosthetics Market, By Region, 2015–2022 (USD Million)
Table 6 Cognitive Prosthetics Market, By Region, 2015–2022 (USD Million)
Table 7 Input Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 8 Input Neural Prosthetics Market, By Region, 2015–2022 (USD Million)
Table 9 Cochlear Implants Market, By Region, 2015–2022 (USD Million)
Table 10 Bionic Eye/Retinal Implants Market, By Region, 2015–2022 (USD Million)
Table 11 Neuroprosthetics Market, By Technique, 2015–2022 (USD Million)
Table 12 Spinal Cord Stimulation Market, By Region, 2015–2022 (USD Million)
Table 13 Deep Brain Stimulation Market, By Region, 2015–2022 (USD Million)
Table 14 Vagus Nerve Stimulation Market, By Region, 2015–2022 (USD Million)
Table 15 Sacral Nerve Stimulation Market, By Region, 2015–2022 (USD Million)
Table 16 Transcranial Magnetic Stimulation Market, By Region, 2015–2022 (USD Million)
Table 17 Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 18 Neuroprosthetics Market for Motor Neuron Disorders, By Type, 2015–2022 (USD Million)
Table 19 Neuroprosthetics Market for Motor Neuron Disorders, By Region, 2015–2022 (USD Million)
Table 20 Neuroprosthetics Market for Parkinson’s Disease, By Region, 2015–2022 (USD Million)
Table 21 Neuroprosthetics Market for Epilepsy, By Region, 2015–2022 (USD Million)
Table 22 Neuroprosthetics Market for Physiological Disorders, By Type, 2015–2022 (USD Million)
Table 23 Neuroprosthetics Market for Physiological Disorders, By Region, 2015–2022 (USD Million)
Table 24 Neuroprosthetics Market for Auditory Processing Disorders, By Region, 2015–2022 (USD Million)
Table 25 Neuroprosthetics Market for Ophthalmic Disorders, By Region, 2015–2022 (USD Million)
Table 26 Neuroprosthetics Market for Cardiovascular Disorders, By Region, 2015–2022 (USD Million)
Table 27 Neuroprosthetics Market for Urology Disorders, By Region, 2015–2022 (USD Million)
Table 28 Neuroprosthetics Market for Cognitive Disorders, By Type, 2015–2022 (USD Million)
Table 29 Neuroprosthetics Market for Cognitive Disorders, By Region, 2015–2022 (USD Million)
Table 30 Neuroprosthetics Market for Alzheimer’s Disease, By Region, 2015–2022 (USD Million)
Table 31 Neuroprosthetics Market for Paralysis, By Region, 2015–2022 (USD Million)
Table 32 Neuroprosthetics Market, By Region, 2015–2022 (USD Million)
Table 33 North America: Neuroprosthetics Market, By Country, 2015–2022 (USD Million)
Table 34 North America: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 35 North America: Output Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 36 North America: Input Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 37 North America: Neuroprosthetics Market, By Technique, 2015–2022 (USD Million)
Table 38 North America: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 39 North America: Neuroprosthetics Market for Motor Neuron Disorders, By Type, 2015–2022 (USD Million)
Table 40 North America: Neuroprosthetics Market for Physiological Disorders, By Type, 2015–2022 (USD Million)
Table 41 North America: Neuroprosthetics Market for Cognitive Disorders, By Type, 2015–2022 (USD Million)
Table 42 US: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 43 US: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 44 US: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 45 Canada: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 46 Canada: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 47 Canada: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 48 Europe: Neuroprosthetics Market, By Country, 2015–2022 (USD Million)
Table 49 Europe: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 50 Europe: Output Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 51 Europe: Input Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 52 Europe: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 53 Europe: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 54 Europe: Neuroprosthetics Market for Motor Neuron Disorders, By Type, 2015–2022 (USD Million)
Table 55 Europe: Neuroprosthetics Market for Physiological Disorders, By Type, 2015–2022 (USD Million)
Table 56 Europe: Neuroprosthetics Market for Cognitive Disorders, By Type, 2015–2022 (USD Million)
Table 57 Germany: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 58 Germany: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 59 Germany: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 60 UK: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 61 UK: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 62 UK: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 63 France: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 64 France: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 65 France: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 66 Rest of Europe: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 67 Rest of Europe: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 68 Rest of Europe: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 69 Asia Pacific: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 70 Asia Pacific: Output Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 71 Asia Pacific: Input Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 72 Asia Pacific: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 73 Asia Pacific: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 74 Asia Pacific: Neuroprosthetics Market for Motor Neuron Disorders, By Type, 2015–2022 (USD Million)
Table 75 Asia Pacific: Neuroprosthetics Market for Physiological Disorders, By Type, 2015–2022 (USD Million)
Table 76 Asia Pacific: Neuroprosthetics Market for Cognitive Disorders, By Type, 2015–2022 (USD Million)
Table 77 RoW: Neuroprosthetics Market, By Type, 2015–2022 (USD Million)
Table 78 RoW: Output Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 79 RoW: Input Neural Prosthetics Market, By Type, 2015–2022 (USD Million)
Table 80 RoW: Neuroprosthetics Market, By Technology, 2015–2022 (USD Million)
Table 81 RoW: Neuroprosthetics Market, By Application, 2015–2022 (USD Million)
Table 82 RoW: Neuroprosthetics Market for Motor Neuron Disorders, By Type, 2015–2022 (USD Million)
Table 83 RoW: Neuroprosthetics Market for Physiological Disorders, By Type, 2015–2022 (USD Million)
Table 84 RoW: Neuroprosthetics Market for Cognitive Disorders, By Type, 2015–2022 (USD Million)

List of Figures
Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Neuroprosthetics Market, By Type, 2017 vs 2022 (USD Billion)
Figure 6 Neuroprosthetics Market, By Technique, 2017 vs 2022 (USD Billion)
Figure 7 Neuroprosthetics Market, By Application, 2017 vs 2022 (USD Billion)
Figure 8 Neuroprosthetics Market, By Region, 2017 vs 2022 (USD Billion)
Figure 9 Rising Incidence of Hearing Loss and Growing Prevalence of Neurological Disorders to Drive the Growth of the Market
Figure 10 Output Neural Prosthetics to Dominate the European Neuroprosthetics Market in 2017
Figure 11 France to Register the Highest CAGR During the Forecast Period (2017–2022)
Figure 12 Motor Prosthetics Will Continue to Register Highest Growth Rate During Forecast Period (2017-2022)
Figure 13 Neuroprosthetics Market: Drivers, Restraints, & Opportunities
Figure 14 Output Neural Prosthetics Segment to Dominate the Market Between 2017 and 2022
Figure 15 Spinal Cord Stimulation, the Largest Technique Segment in the Market
Figure 16 Motor Neuron Disorders Segment to Dominate the Neuroprosthetics Market During the Forecast Period
Figure 17 North America to Dominate the Neuroprosthetics Market in 2017
Figure 18 North America: Neuroprosthetics Market Snapshot
Figure 19 Europe: Neuroprosthetics Market Snapshot
Figure 20 Asia Pacific: Neuroprosthetics Market Snapshot
Figure 21 RoW: Neuroprosthetics Market Snapshot
Figure 22 Product Approvals & Launches- Key Strategy Adopted By Players Between 2014 and 2017
Figure 23 Share of Companies in the Neuroprosthetics Market, 2016
Figure 24 Medtronic: Company Snapshot
Figure 25 Abbott: Company Snapshot
Figure 26 Cochlear: Company Snapshot
Figure 27 Boston Scientific: Company Snapshot
Figure 28 Livanova: Company Snapshot
Figure 29 Second Sight: Company Snapshot
Figure 30 Sonova: Company Snapshot
Figure 31 Nevro: Company Snapshot

Note: Product cover images may vary from those shown
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  • Abbott
  • Boston Scientific
  • Cochlear
  • Livanova
  • Med-El
  • Medtronic
  • NDI Medical
  • Neuropace
  • Nevro
  • Retina Implant
  • Second Sight
  • Sonova
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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