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Neuroprosthetics - Global Market Trajectory & Analytics

  • ID: 4805279
  • Report
  • April 2021
  • Region: Global
  • 114 pages
  • Global Industry Analysts, Inc
Global Neuroprosthetics Market to Reach $15.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Neuroprosthetics estimated at US$7.3 Billion in the year 2020, is projected to reach a revised size of US$15.8 Billion by 2027, growing at a CAGR of 11.7% over the analysis period 2020-2027. Cochlear Implants, one of the segments analyzed in the report, is projected to record a 11.6% CAGR and reach US$4.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bionic Eye/Retinal Implants segment is readjusted to a revised 8.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 11.2% CAGR

The Neuroprosthetics market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 11.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

Motor Prosthetics Segment to Record 13% CAGR

In the global Motor Prosthetics segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$5.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027.

Select Competitors (Total 44 Featured):
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Cochlear Ltd.
  • LivaNova PLC
  • Medtronic PLC
  • NDI Medical
  • NeuroPace, Inc.
  • Nevro Corp.
  • Retina Implant AG
  • Second Sight Medical Products, Inc.
  • Sonova Holding AG
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Neuroprosthetics
  • Types of Neuroprosthetics
  • Cochlear Implants
  • Bionic Eye/Retinal Implants
  • Motor Prosthetics
  • Cognitive Prosthetics
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Neuroprosthetics Space Continues to Evolve
  • Rise in Neurological Disorders and Nerve Injuries Drives Neuroprosthetics Market
  • Growing Cases of Hearing Losses to Fuel Market Growth
  • Increasing Prevalence of Diabetes Presents Opportunity for Neuroprosthetics Market
  • Smart Neuroprosthetics Evolves to Boost Market Growth
  • Artificial Intelligence’s Growing Role in Neuroprosthetic Devices
  • Additive Micromanufacturing and Neuroprosthetics
  • 3D Bioprinter Enables Printing of Customized Neuroprostheses
  • Memristors Hold Potential to Develop Accurate and Affordable Neuroprosthetics
  • Multi-functional Neuroprosthetic Enable Restoration of Motor Function in Spinal Cord Injury
  • Innovations, Research Developments in Neuroprosthetics to Boost Prospects
  • Challenges Facing Neuroprosthetics market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Neuroprosthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Neuroprosthetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Cochlear Implants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Cochlear Implants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Bionic Eye/Retinal Implants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Bionic Eye/Retinal Implants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for Motor Prosthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Motor Prosthetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Cognitive Prosthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Cognitive Prosthetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 11: USA Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 12: USA 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • CANADA
  • Table 13: Canada Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: Canada 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • JAPAN
  • Table 15: Japan Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: Japan 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • CHINA
  • Table 17: China Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: China 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • EUROPE
  • Table 19: Europe Current & Future Analysis for Neuroprosthetics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: Europe 7-Year Perspective for Neuroprosthetics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 21: Europe Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Europe 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • FRANCE
  • Table 23: France Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: France 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • GERMANY
  • Table 25: Germany Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: Germany 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • ITALY
  • Table 27: Italy Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Italy 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • UNITED KINGDOM
  • Table 29: UK Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: UK 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • REST OF EUROPE
  • Table 31: Rest of Europe Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Rest of Europe 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • ASIA-PACIFIC
  • Table 33: Asia-Pacific Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 34: Asia-Pacific 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
  • REST OF WORLD
  • Table 35: Rest of World Current & Future Analysis for Neuroprosthetics by Type - Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: Rest of World 7-Year Perspective for Neuroprosthetics by Type - Percentage Breakdown of Value Sales for Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics and Cognitive Prosthetics for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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