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Neuroprosthetics - Global Market Trajectory & Analytics

  • ID: 4805279
  • Report
  • July 2020
  • Region: Global
  • 114 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Abbott Laboratories
  • Cochlear Ltd.
  • LivaNova PLC
  • Medtronic PLC
  • NDI Medical
  • NeuroPace, Inc.
  • MORE
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.We bring years of research experience to this 7th edition of our report. The 114-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories
  • Cochlear Ltd.
  • LivaNova PLC
  • Medtronic PLC
  • NDI Medical
  • NeuroPace, Inc.
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Neuroprosthetics Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Neuroprosthetics Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Neuroprosthetics Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Cochlear Implants (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Cochlear Implants (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Bionic Eye/Retinal Implants (Type) Potential Growth Markets Worldwide in US$ Million:2020 to 2027
TABLE 6: Bionic Eye/Retinal Implants (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Motor Prosthetics (Type) Geographic Market Spread Worldwide in US$ Million:2020 to 2027
TABLE 8: Motor Prosthetics (Type) Market Share Distribution in Percentage by Region/Country:2020 VS 2027
TABLE 9: Cognitive Prosthetics (Type) World Market Estimates and Forecasts by Region/Countryin US$ Million: 2020 to 2027
TABLE 10: Cognitive Prosthetics (Type) Market Share Breakdown by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Neuroprosthetics Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 11: United States Neuroprosthetics Market Estimates and Projections in US$ Millionby Type: 2020 to 2027
TABLE 12: United States Neuroprosthetics Market Share Breakdown by Type: 2020 VS 2027

CANADA

TABLE 13: Canadian Neuroprosthetics Market Estimates and Forecasts in US$ Millionby Type: 2020 to 2027
TABLE 14: Neuroprosthetics Market in Canada: Percentage Share Breakdown of Salesby Type for 2020 and 2027

JAPAN

TABLE 15: Japanese Market for Neuroprosthetics: Annual Sales Estimates and Projectionsin US$ Million by Type for the Period 2020-2027
TABLE 16: Japanese Neuroprosthetics Market Share Analysis by Type: 2020 VS 2027

CHINA

TABLE 17: Chinese Neuroprosthetics Market Growth Prospects in US$ Million by Typefor the Period 2020-2027
TABLE 18: Chinese Neuroprosthetics Market by Type: Percentage Breakdown of Salesfor 2020 and 2027

EUROPE

Market Facts & Figures

European Neuroprosthetics Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 19: European Neuroprosthetics Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 20: European Neuroprosthetics Market Share Shift by Region/Country: 2020 VS 2027
TABLE 21: European Neuroprosthetics Market Estimates and Forecasts in US$ Millionby Type: 2020-2027
TABLE 22: European Neuroprosthetics Market Share Breakdown by Type: 2020 VS 2027

FRANCE

TABLE 23: Neuroprosthetics Market in France by Type: Estimates and Projections in US$ Millionfor the Period 2020-2027
TABLE 24: French Neuroprosthetics Market Share Analysis by Type: 2020 VS 2027

GERMANY

TABLE 25: Neuroprosthetics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 26: German Neuroprosthetics Market Share Breakdown by Type: 2020 VS 2027

ITALY

TABLE 27: Italian Neuroprosthetics Market Growth Prospects in US$ Million by Typefor the Period 2020-2027
TABLE 28: Italian Neuroprosthetics Market by Type: Percentage Breakdown of Salesfor 2020 and 2027

UNITED KINGDOM

TABLE 29: United Kingdom Market for Neuroprosthetics: Annual Sales Estimates and Projectionsin US$ Million by Type for the Period 2020-2027
TABLE 30: United Kingdom Neuroprosthetics Market Share Analysis by Type: 2020 VS 2027

REST OF EUROPE

TABLE 31: Rest of Europe Neuroprosthetics Market Estimates and Forecasts in US$ Millionby Type: 2020-2027
TABLE 32: Rest of Europe Neuroprosthetics Market Share Breakdown by Type: 2020 VS 2027

ASIA-PACIFIC

TABLE 33: Neuroprosthetics Market in Asia-Pacific by Type: Estimates and Projectionsin US$ Million for the Period 2020-2027
TABLE 34: Asia-Pacific Neuroprosthetics Market Share Analysis by Type: 2020 VS 2027

REST OF WORLD

TABLE 35: Rest of World Neuroprosthetics Market Estimates and Forecasts in US$ Millionby Type: 2020 to 2027
TABLE 36: Neuroprosthetics Market in Rest of World: Percentage Share Breakdown of Salesby Type for 2020 and 2027

IV. COMPETITION

Total Companies Profiled: 44

Note: Product cover images may vary from those shown
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  • 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
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