The technologies in neuroprosthetic has undergone significant change in recent years, with cochlear implant based neuroprosthetic to spinal cord stimulation based neuroprosthetic. The rising wave of new technologies such as vagus nerve stimulation and spinal cord stimulation technology are creating significant potential for advanced neuroprosthetic devices in various medical platforms due to its benefits of reduction in the frequency of seizures and/or less medication with anti-seizure drugs.
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In neuroprosthetic market, various technologies such as deep brain stimulation, vagus nerve stimulation, spinal cord stimulation, sacral nerve stimulation technologies are used in the motor neuron disorders, physiological disorders, and cognitive disorders applications. Increasing prevalence of neurological diseases such as traumatic brain injury, stroke, Parkinson’s disease, rise in geriatric population, and increase in healthcare expenditure are creating new opportunities for various neuroprosthetic technologies.
Lucintel, a leading global Management Consulting and market research firm with over 1,000 clients worldwide, has analyzed the technologies used in neuroprosthetic market and it has now published a comprehensive research report titled “Technology Landscape, Trends and Opportunities in the Global Neuroprosthetic Market”. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential and other parameters of various technologies in neuroprosthetic market.
Lucintel study finds that neuroprosthetic technology is forecast to grow at a CAGR of 12% from 2019 to 2024. Spinal cord stimulation is the largest segment of this market. Medtronic, Boston Scientific, and Cyberonics are among the major players in the neuroprosthetic market.
The Lucintel report serves as a catalyst for growth as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global neuroprosthetic technology by technology, application, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Technology Type [$M shipment analysis from 2013 to 2024]:
Deep Brain Stimulation
Vagus Nerve Stimulation
Spinal Cord Stimulation
Sacral Nerve Stimulation
Technology Trends and Forecasts by Application [$M shipment analysis from 2013 to 2024]:
Motor Neuron Disorders
Deep Brain Stimulation
Vagus Nerve Stimulation
Spinal Cord Stimulation
Sacral Nerve Stimulation
Physiological Disorders
Deep Brain Stimulation
Vagus Nerve Stimulation
Spinal Cord Stimulation
Sacral Nerve Stimulation
Cognitive Disorders
Deep Brain Stimulation
Vagus Nerve Stimulation
Spinal Cord Stimulation
Sacral Nerve Stimulation
Technology Trends and Forecasts by Region [$M shipment analysis for 2013 to 2024]:
United States
Canada
Mexico
United Kingdom
Germany
France
Japan
China
South Korea
India
Latest Developments and Innovations in the Neuroprosthetic Technologies
Companies/ Ecosystems
Strategic Opportunities by Technology Type
A more than 150-pages of 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 https://www.lucintel.com/technology-neuroprosthetic-market.aspx or helpdesk@lucintel.com.
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 www.lucintel.com.