Lucintel anticipates that North America will be the fastest growing region in the neuroprosthetic market

   October 31, 2019
According to a new market report published by Lucintel, the future of the neuroprosthetic market looks promising with opportunities in the parkinson’s disease, epilepsy, Alzheimer’s disease, and other physiological disorders. The neuroprosthetic market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are increasing number of patients suffering from neurological disorders and nerve injury, increasing incidence of hearing loss, increasing cases of amputation due to the rising number of accidents, and increasing prevalence of diabetes.

To download report brochure, please go to and click "report brochure" tab from the menu.

Neuroprosthetics are devices implanted in the body that stimulate the function of an organ or organ system that has failed due to any disease or injury. In this market, auditory prosthetics/cochlear implants, cognitive prosthetics, visual prosthetics/retinal implants are the major device types.

Spinal cord stimulation, deep brain stimulation, vagus nerve stimulation, sacral nerve stimulation, and transcranial magnetic stimulation are the major techniques of the neuroprosthetic market. Spinal cord stimulation (SCS) is the largest segment.

North America will remain the largest region over the forecast period due to rising incidence of neurological diseases and growth in the geriatric population, higher research and development investments, and the availability of funds from both government and private institutes in the region.

Medtronic, Abbott, Cochlear, Boston Scientific, Livanova, Second Sight, Med-El, Retina Implant, Sonova, Neuropace, NDI Medical, and Nevro are among the major manufacturers of neuroprosthetic.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the neuroprosthetic market by device type, technique, application, and region. Lucintel has prepared a comprehensive research report titled "Neuroprosthetic Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the neuroprosthetic market by device type, technique, application, and region as follows:

By Device Type [$M shipment analysis for 2013 – 2024]:

  • Auditory Prosthetics/Cochlear Implants

  • Cognitive Prosthetics

  • Visual Prosthetics/Retinal Implants

  • Motor Prosthetics

  • Others

By Technique [$M shipment analysis for 2013 – 2024]:

  • Spinal Cord Stimulation

  • Deep Brain Stimulation

  • Vagus Nerve Stimulation

  • Sacral Nerve Stimulation

  • Transcranial Magnetic Stimulation

By Application [$M shipment analysis for 2013 – 2024]:

  • Motor Neuron Disorder

  • Physiological Disorders

  • Cognitive Disorder

  • Others

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on