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Global Neuroprosthetics Market 2022-2026

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    Report

  • 120 Pages
  • September 2022
  • Region: Global
  • TechNavio
  • ID: 5661941
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The neuroprosthetics market is poised to grow by $4.59 bn during 2022-2026, accelerating at a CAGR of 8.36% during the forecast period. The report on the neuroprosthetics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of neurological disorders.

The neuroprosthetics market analysis includes the application segment and geographic landscape.

The neuroprosthetics market is segmented as below:

By Application

  • Neuromodulation devices
  • Cognitive devices

By Geographical Landscape

  • North America
  • Asia
  • Europe
  • Rest of World (ROW)
This study identifies the increasing focus on research as one of the prime reasons driving the neuroprosthetics market growth during the next few years. Also, technological advancements and nano-based neuroprosthetics will lead to sizable demand in the market.

The report on the neuroprosthetics market covers the following areas:

  • Neuroprosthetics market sizing
  • Neuroprosthetics market forecast
  • Neuroprosthetics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neuroprosthetics market vendors that include Abbott Laboratories, Boston Scientific Corp., BrainGate, Cochlear Ltd., EMOTIV Inc., HI LLC dba. Kernel, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, NeuroMetrix Inc., NeuroPace Inc., Nevro Corp., Paradromics Inc., SensArs, Sonova Holding AG, Soterix Medical Inc., and Zynex Inc.. Also, the neuroprosthetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Neuromodulation devices - Market size and forecast 2021-2026
Exhibit 28: Chart on Neuromodulation devices - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Neuromodulation devices - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Neuromodulation devices - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Neuromodulation devices - Year-over-year growth 2021-2026 (%)
5.4 Cognitive devices - Market size and forecast 2021-2026
Exhibit 32: Chart on Cognitive devices - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Cognitive devices - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Cognitive devices - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Cognitive devices - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Asia - Market size and forecast 2021-2026
Exhibit 46: Chart on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Asia - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Asia - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.6 Rest of World (ROW) - Market size and forecast 2021-2026
Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
7.7 US - Market size and forecast 2021-2026
Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 Japan - Market size and forecast 2021-2026
Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.10 Germany - Market size and forecast 2021-2026
Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.11 Canada - Market size and forecast 2021-2026
Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.12 Market opportunity By Geographical Landscape
Exhibit 78: Market opportunity By Geographical Landscape ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 79: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 81: Overview on factors of disruption
9.4 Industry risks
Exhibit 82: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 83: Vendors covered
10.2 Market positioning of vendors
Exhibit 84: Matrix on vendor position and classification
10.3 Abbott Laboratories
Exhibit 85: Abbott Laboratories - Overview
Exhibit 86: Abbott Laboratories - Business segments
Exhibit 87: Abbott Laboratories - Key news
Exhibit 88: Abbott Laboratories - Key offerings
Exhibit 89: Abbott Laboratories - Segment focus
10.4 Boston Scientific Corp.
Exhibit 90: Boston Scientific Corp. - Overview
Exhibit 91: Boston Scientific Corp. - Business segments
Exhibit 92: Boston Scientific Corp. - Key news
Exhibit 93: Boston Scientific Corp. - Key offerings
Exhibit 94: Boston Scientific Corp. - Segment focus
10.5 Cochlear Ltd.
Exhibit 95: Cochlear Ltd. - Overview
Exhibit 96: Cochlear Ltd. - Business segments
Exhibit 97: Cochlear Ltd. - Key offerings
Exhibit 98: Cochlear Ltd. - Segment focus
10.6 MED EL Elektromedizinische Gerate GmbH
Exhibit 99: MED EL Elektromedizinische Gerate GmbH - Overview
Exhibit 100: MED EL Elektromedizinische Gerate GmbH - Product/Service
Exhibit 101: MED EL Elektromedizinische Gerate GmbH - Key offerings
10.7 Medtronic Plc
Exhibit 102: Medtronic Plc - Overview
Exhibit 103: Medtronic Plc - Business segments
Exhibit 104: Medtronic Plc - Key news
Exhibit 105: Medtronic Plc - Key offerings
Exhibit 106: Medtronic Plc - Segment focus
10.8 NeuroMetrix Inc.
Exhibit 107: NeuroMetrix Inc. - Overview
Exhibit 108: NeuroMetrix Inc. - Product/Service
Exhibit 109: NeuroMetrix Inc. - Key offerings
10.9 NeuroPace Inc.
Exhibit 110: NeuroPace Inc. - Overview
Exhibit 111: NeuroPace Inc. - Product/Service
Exhibit 112: NeuroPace Inc. - Key offerings
10.10 Nevro Corp.
Exhibit 113: Nevro Corp. - Overview
Exhibit 114: Nevro Corp. - Product/Service
Exhibit 115: Nevro Corp. - Key offerings
10.11 SensArs
Exhibit 116: SensArs - Overview
Exhibit 117: SensArs - Product/Service
Exhibit 118: SensArs - Key offerings
10.12 Soterix Medical Inc.
Exhibit 119: Soterix Medical Inc. - Overview
Exhibit 120: Soterix Medical Inc. - Product/Service
Exhibit 121: Soterix Medical Inc. - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 122: Inclusions checklist
Exhibit 123: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 124: Currency conversion rates for US$
11.4 Research methodology
Exhibit 125: Research methodology
Exhibit 126: Validation techniques employed for market sizing
Exhibit 127: Information sources
11.5 List of abbreviations
Exhibit 128: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Application - Market share 2021-2026 (%)
Exhibits 25: Data Table on Application - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Application
Exhibits 27: Data Table on Comparison by Application
Exhibits 28: Chart on Neuromodulation devices - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Neuromodulation devices - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Neuromodulation devices - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Neuromodulation devices - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Cognitive devices - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Cognitive devices - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Cognitive devices - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Cognitive devices - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Application ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on Asia - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on Asia - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on Asia - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 78: Market opportunity By Geographical Landscape ($ million)
Exhibits 79: Impact of drivers and challenges in 2021 and 2026
Exhibits 80: Overview on Criticality of inputs and Factors of differentiation
Exhibits 81: Overview on factors of disruption
Exhibits 82: Impact of key risks on business
Exhibits 83: Vendors covered
Exhibits 84: Matrix on vendor position and classification
Exhibits 85: Abbott Laboratories - Overview
Exhibits 86: Abbott Laboratories - Business segments
Exhibits 87: Abbott Laboratories - Key news
Exhibits 88: Abbott Laboratories - Key offerings
Exhibits 89: Abbott Laboratories - Segment focus
Exhibits 90: Boston Scientific Corp. - Overview
Exhibits 91: Boston Scientific Corp. - Business segments
Exhibits 92: Boston Scientific Corp. - Key news
Exhibits 93: Boston Scientific Corp. - Key offerings
Exhibits 94: Boston Scientific Corp. - Segment focus
Exhibits 95: Cochlear Ltd. - Overview
Exhibits 96: Cochlear Ltd. - Business segments
Exhibits 97: Cochlear Ltd. - Key offerings
Exhibits 98: Cochlear Ltd. - Segment focus
Exhibits 99: MED EL Elektromedizinische Gerate GmbH - Overview
Exhibits 100: MED EL Elektromedizinische Gerate GmbH - Product/Service
Exhibits 101: MED EL Elektromedizinische Gerate GmbH - Key offerings
Exhibits 102: Medtronic Plc - Overview
Exhibits 103: Medtronic Plc - Business segments
Exhibits 104: Medtronic Plc - Key news
Exhibits 105: Medtronic Plc - Key offerings
Exhibits 106: Medtronic Plc - Segment focus
Exhibits 107: NeuroMetrix Inc. - Overview
Exhibits 108: NeuroMetrix Inc. - Product/Service
Exhibits 109: NeuroMetrix Inc. - Key offerings
Exhibits 110: NeuroPace Inc. - Overview
Exhibits 111: NeuroPace Inc. - Product/Service
Exhibits 112: NeuroPace Inc. - Key offerings
Exhibits 113: Nevro Corp. - Overview
Exhibits 114: Nevro Corp. - Product/Service
Exhibits 115: Nevro Corp. - Key offerings
Exhibits 116: SensArs - Overview
Exhibits 117: SensArs - Product/Service
Exhibits 118: SensArs - Key offerings
Exhibits 119: Soterix Medical Inc. - Overview
Exhibits 120: Soterix Medical Inc. - Product/Service
Exhibits 121: Soterix Medical Inc. - Key offerings
Exhibits 122: Inclusions checklist
Exhibits 123: Exclusions checklist
Exhibits 124: Currency conversion rates for US$
Exhibits 125: Research methodology
Exhibits 126: Validation techniques employed for market sizing
Exhibits 127: Information sources
Exhibits 128: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global neuroprosthetics market: Abbott Laboratories, Boston Scientific Corp., BrainGate, Cochlear Ltd., EMOTIV Inc., HI LLC dba. Kernel, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, NeuroMetrix Inc., NeuroPace Inc., Nevro Corp., Paradromics Inc., SensArs, Sonova Holding AG, Soterix Medical Inc., and Zynex Inc.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is increasing focus on research.`

According to the report, one of the major drivers for this market is the increasing prevalence of neurological disorders.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories
  • Boston Scientific Corp.
  • BrainGate
  • Cochlear Ltd.
  • EMOTIV Inc.
  • HI LLC dba. Kernel
  • MED EL Elektromedizinische Gerate GmbH
  • Medtronic Plc
  • NeuroMetrix Inc.
  • NeuroPace Inc.
  • Nevro Corp.
  • Paradromics Inc.
  • SensArs
  • Sonova Holding AG
  • Soterix Medical Inc.
  • Zynex Inc.