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Global Neuroprosthetics Market (Product Types, Technology, Application, and Geography) - Size, Share, Global Trends, Company Profiles, Analysis, Segmentation and Forecast, 2013 - 2020

  • ID: 3046121
  • Report
  • November 2014
  • Region: Global
  • 156 pages
  • Allied Analytics LLP
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Global Neuroprosthetics Market is Expected to Reach $14 Billion by 2020


  • Cochlear Limited
  • Cyberonics Inc.
  • Medtronic Inc.
  • NDI Medical LLC
  • Nervo Corp.
  • NeuroPace Inc.
  • MORE
Neuroprosthetics, also referred to as neural implants/brain implants, have gained significant momentum during past few years owing to the immense potential to substitute and/or ameliorate any damaged sensory, motor or cognitive functions. Such Neuroprosthetics are the key to restore and/or augment the ‘quality-of-life’ of the affected patient populace. The Neuroprosthetics, as therapeutic modalities, are emerging as a promising option in cases where all conventional treatments fail to deliver results/treatment to the disease condition. Improvement in the ‘quality-of-life’ of the affected patients, high availability of funds for R&D of Neuroprosthetics from the Government (public) and private sector investments in turn aid development of newer and improved variants of Neuroprosthetics - all result in increased uptake by the patients. Thus, the afore-mentioned are key drivers of the Neuroprosthetics market; however, reimbursement issues and high cost of Neuroprosthetics/devices are the restraints to the market growth. Owing to the high-impact growth drivers that outweigh the restraints, the global neuroprosthetics market is forecast to reach $14 billion by 2020, registering a CAGR of 15.8% from 2014 to 2020.

The global neuroprosthetics market is segmented based on technology, types, applications and geography. The Neuroprosthetics’ Mechanism Of Action (MOA) varies as per underlying technology; hence, Neuroprosthetics can also be classified by technology into - Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS), Spinal Cord Stimulation (SCS) and Sacral Nerve Stimulation (SCS). Various types of Neuroprosthetics have been developed based on the application areas, i.e., the disease condition treated, for example, Motor Neuroprosthetics – treat motor neuron disorders such as Parkinson’s disease, Epilepsy, Auditory Neuroprosthetics/ Cochlear implants – treat hearing disorders; Visual Neuroprosthetics/ Retinal implants – treat visual impairment; and Cognitive Neuroprosthetics - treat Alzheimer’s disease, and severe depression. Visual Neuroprosthetics/ Retinal implants, is the fastest growing (CAGR 31.5%) Neuroprosthetics segment, owing to high-impact growth attribute of improving ‘quality-of-life’ of visually impaired patients. Geographically, the market is segmented into four regions, namely North America, Europe, Asia-Pacific and LAMEA.

Developing bio-compatible, sensitive and safe products are the keys to success in the global Neuroprosthetics market. In tune with this, many companies across the world are involved in the R&D of newer and multitude of variants of Neuroprosthetics’ product lines and is seeking regulatory approval and commercialization. Few of such companies are profiled in the report - Medtronic Inc., MED-EL, Advanced Bionics AG, Boston Scientific Corporation, Biomet, Inc., St. Jude Medical, Retina Implant AG, NeuroPace, Inc. and NDI Medical LLC.

- An in-depth analysis of the current Neuroprosthetics market scenario, future market estimates and trend-analysis - to reveal holistic picture that in turn facilitates decision making
- Quantitative analysis of the current market and estimations through 2013-2020 - to assist corporate strategists to design business strategies to capitalize on the current and future (possible) opportunities in the market
- Strategic analysis of key market players and business strategies within the global Neuroprosthetics market provided - would assist stakeholders to make informed business decisions
- Pinpoint intelligence of key investment pockets are illustrated from the manufacturers point of view
- Report emphasizes on the key strategies adopted by the giants operating in the neuroprosthetic devices market
- Technological trends of neurological devices are critically analyzed and validated through primaries
- Identification of key product segments based on current and potential growth prospects - to reveal most profitable segments that can be catered to by the market players

The global neuroprosthetics market is segmented according to / by - technology, type, application, and geography.

- Deep Brain Simulation (DBS)
- Vagus Nerve Stimulation (VNS)
- Spinal Cord Stimulation (SCS)
- Sacral Nerve Stimulation (SNS)

- Motor Neuroprosthetics
- Auditory Neuroprosthetics/ Cochlear implants
- Visual Neuroprosthetics/ Retinal implants
- Cognitive Neuroprosthetics

- Motor Neuron disorders
- Parkinson's disease
- Epilepsy
- Physiological disorders
- Auditory disorders
- Ophthalmic disorders
- Neurocardiac disorders
- Over Active Bladder syndrome (kidney disorders)
- Cognitive disorders
- Alzheimer's disease
- Severe depression

- North America
- Europe
- Asia-Pacific

Note: Product cover images may vary from those shown
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  • Cochlear Limited
  • Cyberonics Inc.
  • Medtronic Inc.
  • NDI Medical LLC
  • Nervo Corp.
  • NeuroPace Inc.
  • MORE
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Key Audiences
1.5 Research Methodology
1.5.1 Primary Research
1.5.2 Secondary Research
1.5.3 Analyst tools and models

2.1 Market beyond what to expect by 2025 ($Million)
2.1.1 Moderate growth scenario
2.1.2 Rapid growth scenario
2.1.3 Diminishing growth scenario

3.1 Market Definition and Scope
3.2 Addressable Market Scenario
3.3 Ethical Considerations
3.4 Key Findings
3.4.1 Top Factors Impacting on global neuroprosthetics market
3.4.2 Top Investment Pockets of global neuroprosthetics market
3.4.3 Top winning strategies of global neuroprosthetics market
3.5 Advances in neuroprosthetic implantation
3.5.2 Electrophysiological mapping Historical Perspective Current Trends EVOKED POTENTIAL MONITORING SINGLE-UNIT RECORDINGS Competitive scenario
3.6 Government Regulations
3.6.1 Medical Devices regulations in United States (U.S.)
3.6.2 Medical Devices regulations in Europe and UK
3.6.3 Medical Devices regulations in Asia-Pacific
3.6.4 Regulatory approval timeframe in different regions
3.7 Patent Analysis
3.7.1 Patent analysis by geographies (2010-2014)
3.7.2 Patent analysis based on medical condition (2011-2014)
3.8 Clinical Trials for Neuroprosthetics
3.9 Value chain analysis
3.9.1 Brain Machine interfaces and neurostimulators
3.9.2 Embedded neuroprosthetic devices/implants
3.10 Market Share Analysis
3.11 Market Dynamics
3.11.1 Drivers Rapid progression of technology – assist in improving neuroprosthetics New device approvals- leading towards early commercialization to achieve competitive edge Rising burden of neurological disorders that responds to neurostimulation Availability of Funds and research grants
3.11.2 Restraints Reimbursement Issues – have negative impact on neuroprosthetics adoption rate Adverse reactions- increases risk of mortality and decreases usage rate High cost of product and therapy
3.11.3 Opportunities Early commercialization of pipeline products assists to gain competitive advantage

4.1 Deep Brain Simulation (DBS)
4.1.1 Historical Perspective
4.1.2 Current Trends Advancement in component system Other technological advances
4.1.3 Competitive Scenario
4.2 Vagus Nerve Stimulation (VNS)
4.2.1 Historical Perspective
4.2.2 Current trends Direct and transcutaneous vagus nerve stimulators are gaining popularity
4.2.3 Competitive Scenario
4.3 Spinal Cord Stimulation (SCS)
4.3.1 Historical Perspective
4.3.3 Competitive Scenario
4.4 Sacral Nerve Stimulation (SNS)
4.4.1 Historical Perspective
4.4.2 Current trends

5.1 Motor Prosthetics
5.1.1 Key Market Trends
5.1.2 Key growth factors and opportunities
5.1.3 Market Size and forecast
5.2 Auditory Prosthetics / Cochlear Implants
5.2.1 Key Market Trends
5.2.2 Key growth factors and opportunities
5.2.3 Market Size and forecast
5.3 Visual Prosthetics / Retinal Implants
5.3.1 Key Market Trends
5.3.2 Key growth factors and opportunities
5.3.3 Market Size and forecast
5.4 Cognitive Prosthetics
5.4.1 Key Market Trends
5.4.2 Key growth factors and opportunities
5.4.3 Market Size and forecast

6.1 Motor Neuron disorders
6.1.1 Parkinson’s disease
6.1.2 Epilepsy
6.2 Physiological disorders
6.2.1 Auditory disorders
6.2.2 Ophthalmic disorders
6.2.3 Cardiac disorders
6.2.4 Kidney disorders
6.3 Cognitive disorders
6.3.1 Alzheimer's disease
6.3.2 Severe depression

7.1 North America
7.1.1 Key market trends
7.1.2 Competitive scenario
7.1.3 Key growth factors and opportunities
7.1.4 Market size and forecast
7.2 Europe
7.2.1 Key market trends
7.2.2 Competitive scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market size and forecast
7.3 Asia-Pacific
7.3.1 Key market trends
7.3.2 Competitive scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market size and forecast
7.4.1 Key market trends
7.4.2 Competitive scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market size and forecast

8.1 Boston Scientific Corporation
8.1.1 Overview
8.1.2 Company snapshot
8.1.3 Operating Business Segments
8.1.4 Financial performance
8.1.5 Strategic moves and developments
8.1.6 SWOT analysis
8.2 Cochlear Limited
8.2.1 Overview
8.2.2 Company snapshots
8.2.3 Operating Business Segments
8.2.4 Financial performance
8.2.5 Strategic moves and developments
8.2.6 SWOT analysis
8.3 Cyberonics Inc.
8.3.1 Overview
8.3.2 Company snapshot
8.3.3 Operating Business Segments
8.3.4 Financial performance
8.3.5 Strategic moves and developments
8.3.6 SWOT analysis
8.4 Medtronic Inc.
8.4.1 Company overview
8.4.2 Company snapshots
8.4.3 Operating Business Segments
8.4.1 Financial performance
8.4.2 Strategic moves and developments
8.4.3 SWOT Analysis
8.5 NDI Medical LLC
8.5.1 Overview
8.5.2 Company snapshot
8.5.3 Operating Business Segments
8.5.4 Strategic moves and developments
8.5.5 SWOT analysis
8.6 Nervo Corp.
8.6.1 Overview
8.6.2 Company snapshot
8.6.3 Operating Business Segments
8.6.4 Strategic moves and developments
8.6.5 SWOT analysis
8.7 NeuroPace Inc.
8.7.1 Overview
8.7.2 Company snapshot
8.7.3 Operating Business Segments
8.7.4 Strategic moves and developments
8.7.5 SWOT analysis
8.8 Retina Implant AG
8.8.1 Overview
8.8.2 Company snapshot
8.8.3 Operating Business Segments
8.8.4 Strategic moves and developments
8.8.5 SWOT analysis
8.9 ST. Jude Medical
8.9.1 Overview
8.9.2 Company snapshot
8.9.3 Operating Business Segments
8.9.4 Financial performance
8.9.5 Strategic moves and developments
8.9.6 SWOT analysis
8.10 Sonova Group (Advanced Bionics AG)
8.10.1 Company overview
8.10.2 Company snapshots
8.10.3 Operating Business Segments
8.10.4 Financial performance
8.10.5 Strategic moves and developments
8.10.6 SWOT analysis

List Of Tables
Table 1 Moderate Growth Scenario Of Neuroprosthetics Market By Geography, 2020 – 2025, ($Million)
Table 2 Rapid Growth Scenario Of Neuroprosthetics Market By Geography, 2020 – 2025, ($Million)
Table 3 Diminishing Growth Scenario Of Neuroprosthetics Market By Geography, 2020 – 2025, ($Million)
Table 4 Medical Device Categories Listed By Ec
Table 1 Patent Analysis By Geographies (2011-2014)
Table 2 Clinical Trials For Neuroprosthetics
Table 3 Current Research In Emerging Technologies And Their Applications In Neuroprosthetics
Table 4 List Of Usfda Approved, Commercially Available Neuroprosthetics
Table 5 Global Prevalence Of Neurological Disorders
Table 6 Average Cost Of Neuroprosthetic Therapy/ Products
Table 7 Global Neuroprosthetics Market By Technology, 2013 – 2020 ($Million)
Table 8 Fda Approved Applications For Deep Brain Stimulation
Table 9 Vagus Nerve Stimulation Device: Fact Sheet
Table 10 Global Neuroprosthetics Market By Types, 2013 – 2020 ($Million)
Table 11 Companies And Their Fda Approved Cochlear Implants
Table 12 Global Neuroprosthetics Market By Application, 2013 – 2020 ($Million)
Table 13 Parkinson’s Disease Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 14 Epilepsy Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 15 Global Estimate And Prevalence Of Disabling Hearing Loss, In Adults 15 Years Or Older And Children 0-14 Years (Millions And Percentage Of Population)
Table 16 Auditory Disorders Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 17 Ophthalmic Disorders Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 18 Neurocardiac Disorders Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 19 Kidney Disorders Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 20 Alzheimeer’s Disease Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 21 Severe Depression Neuroprosthetics Market, 2013 – 2020 ($Million)
Table 22 Global Neuroprosthetics Market By Geography, 2013 – 2020 ($Million)
Table 23 North America Neuroprosthetics Market By Value, 2013 – 2020 ($Million)
Table 24 Europe Neuroprosthetics Market By Value, 2013 – 2020 ($Million)
Table 25 Asia-Pacific Neuroprosthetics Market By Value, 2013 – 2020 ($Million)
Table 26 Lamea Neuroprosthetics Market By Value, 2013 – 2020 ($Million)
Table 27 Boston Scientific Corporation Snapshot
Table 28 Boston Scientific Corporation Operating Segments
Table 29 Cochlear Corporation Snapshot
Table 30 Cochlear Corporation Operating Segments
Table 31 Cyberonics Inc Snapshot
Table 32 Medtronic Snapshot
Table 33 Medtronic Operating Segments
Table 34 Ndi Medical Snapshot
Table 35 Ndi Medical Llc Operating Segments
Table 36 Nervo Corp. Snapshot
Table 37 Neuropace Inc. Snapshot
Table 38 Retina Implant Ag Snapshot
Table 39 St. Jude Medical Snapshot
Table 40 St. Jude Medical Operating Segments
Table 41 Sonova Group Snapshot
Table 42 Sonova Group Operating Segments

List Of Figures
Fig. 1 Top Factors Impacting Neuroprosthetics Market (2013-2020)
Fig. 2 Top Investment Pockets Of Global Neuroprosthetics Market(2013)
Fig. 3 Top Wining Strategies For Global Neuroprosthetics Market (2011-2014)
Fig. 4 Strategic Share Of Neuroprosthetics Application
Fig. 5 Top Wining Strategies By Neuroprosthetics Application
Fig. 6 Fda Approved Indications For Neuroprosthetics
Fig. 7 Average Approval Time For Different Classes Of Medical Device In Leading Markets In 2013
Fig. 8 Patent Analysis By Geographies (2011-2014)
Fig. 9 Patent Analysis Based On Medical Condition(2011-2014)
Fig. 10 Neuroprosthetics- Value Chain
Fig. 11 Global Neuroprosthetics Market Share Analysis (2013)
Fig. 12 Global Motor Prosthetics Market, 2013 – 2020 ($Million)
Fig. 13 Global Auditory Prosthetics Market, 2013 – 2020 ($Million)
Fig. 14 Global Visual Prosthetics Market, 2013 – 2020 ($Million)
Fig. 15 Global Cognitive Prosthetics Market, 2013 – 2020 ($Million)
Fig. 16 Prevalence Of Alzheimer’s Disease In United States, By Age (2014)
Fig. 17 Revenue Of Boston Scientific Corporation. By Geography(2013)
Fig. 18 Revenue Boston Scientific Corporation. By Product Groups(2013)
Fig. 19 Swot Analysis Of Boston Scientific Corporation.
Fig. 20 Revenue Of Cochlear Corporation Ltd. By Geography(2014)
Fig. 21 Revenue Of Cochlear Corporation Ltd. By Product Groups(2014)
Fig. 22 Swot Analysis Of Medtronic Inc.
Fig. 23 Revenue Of Cyberonics Inc. By Geography(2014)
Fig. 24 Swot Analysis Of Cyberonics Inc.
Fig. 25 Revenue Of Medtronic Inc. By Geography(2013)
Fig. 26 Revenue Medtronic Inc. By Business Group(2013)
Fig. 27 Swot Analysis Of Medtronic Inc.
Fig. 28 Swot Analysis Of Ndi Medical Llc.
Fig. 29 Swot Analysis Of Nervo Corp.
Fig. 30 Swot Analysis Of Neuropace Inc.
Fig. 31 Swot Analysis Of Neuropace Inc.
Fig. 32 Net Sales Of St. Jude Medical. By Geography(2013)
Fig. 33 Net Sales Of St. Jude Medical. By Business Group(2013)
Fig. 34 Swot Analysis Of St. Jude Medical.
Fig. 35 Revenue Of Sonova Group. By Geography(2013/14)
Fig. 36 Revenue Sonova Group. By Product Groups(2013/14)
Fig. 37 Swot Analysis Of Sonova Holding Ag.

Note: Product cover images may vary from those shown
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  • Cochlear Limited
  • Cyberonics Inc.
  • Medtronic Inc.
  • NDI Medical LLC
  • Nervo Corp.
  • NeuroPace Inc.
  • MORE
According to this report titled, Global Neuroprosthetics Market (Product Types, Technology, Application, and Geography) Size, Share, Global Trends, Company Profiles, Analysis, Segmentation and Forecast, 2013 - 2020", the global neuroprosthetics market is expected to reach $14 billion by 2020, registering a CAGR of 15.8% from 2014 to 2020. High growth segments such as Visual neuroprosthetics/retinal implants and applications such as Parkinson's disease, Overactive Bladder Syndrome and Epilepsy are expected to contribute substantially to the growth of the overall global Neuroprosthetics market. Motor Prosthetics holds the largest share within Neuroprosthetics devices market segment whereas Sacral Cord Stimulation (SCS) would maintain the leading market position through 2020, within technology segment.

Multitude of cognitive and physiological disorders have a debilitating impact on 'quality-of-life' of affected patient populace. A majority (~80%) of such patients are unamenable to any form of treatment as first line (drug) and second line (invasive surgeries) treatments fail. Neuroprosthetics devices or neural implants or brain implants offer an efficacious solution to the afore-mentioned type of patients.

Neuroprosthetics deploy technologies such as Deep Brain Simulation (DBS), Vagus Nerve Stimulation (VNS), Spinal Cord Stimulation (SCS) and Sacral Nerve Stimulation (SNS) depending on the clinical condition to ameliorate the disease condition. Depending on the condition treated, product types of Neuroprosthetics include Motor Prosthetics, Auditory Prosthetics/ Cochlear Implants, Visual Prosthetics/ Retinal implants and Cognitive Prosthetics. Owing to various factors such as high base of affected patient population, the patient population amenable to Neuroprosthetics and scope of improvement in QALY, the Motor Neuroprosthetics market for treating Parkinson's disease garners the largest market share; Motor Neuroprosthetics for treating Overactive Bladder Syndrome and Motor Neuroprosthetics for treating Epilepsy are second and third largest segment respectively. Despite such benefits that are high-impact growth drivers for the market, high-cost of devices curtail the adoption rate by patients, thus restrain the market growth.

Key findings of the study:
- Global market for Neuroprosthetics gaining traction with Visual Prosthetics/ Retinal implants and Motor Neuroprosthetics (for treating Parkinson's disease) being major growth arenas during the forecast period (2014 - 2020)
- Within Neuroprosthetics devices market, Visual Prosthetics/ Retinal implants is the fastest growing segment
- Within Neuroprosthetics devices, Motor Neuroprosthetics segment would garner the largest market share, owing to numerous applications such as Parkinson's disease, Neurocardiac disorders, Over Active Bladder syndrome and Epilepsy
- North America would be the lucrative market, both in terms of market size and growth, (among all regional markets)

Neuroprosthetics manufacturing companies focus on developing variants of Neuroprosthetics devices such as self-charging neural implants that can be recharged with bioenergy; thus, eliminate the need for expensive and high-risk surgeries to replace the discharged batteries of implanted Neuroprosthetics. The companies also deploy expansion of applications as key strategy for garnering market share. Some of the key market players profiled in this report are Medtronic, Boston Scientific Corporation, St. Jude Medical, Cyberonics Inc., Retina Implant AG, MED-EL, Sonova Group (Advanced Bionics AG) and NDI Medical LLC.

Note: Product cover images may vary from those shown
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- Boston Scientific Corporation
- Cochlear Limited
- Cyberonics Inc.
- Medtronic Inc.
- NDI Medical LLC
- Nervo Corp.
- NeuroPace Inc.
- Retina Implant AG
- ST. Jude Medical
- Sonova Group (Advanced Bionics AG)

Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.