The global Brain Computer Interface market is expected to witness considerable growth in the next few years. This growth is attributed to several applications of brain computer interface in the fields of medicine and healthcare. Rising occurrences of neural disorder is a key factor to boost the growth of the global brain computer interface market. Continuous development in the neurological field and medicine also helps for the enhancement of the global market. In addition to this, integrating the brain computer interface technologies and artificial intelligence, deep learning as well as machine learning has led to new levels of innovations and technological developments.
Moreover, clinical trials, research institutes, and government bodies have extended their help in the form of investments, funds, and grants, which have encouraged research activities to increase the use of brain computer interface. As well, the demand for biocompatible materials is also projected to boost the use of brain computer interface. All these aforementioned points are expected to contribute significantly to the growth of the global Brain Computer Interface market in the forecasted period.
On the other side, the shortage of skilled technicians to handle these complex devices is a factor hampering the growth of this market.
Brain Computer Interface Market Segment Overview
The global market for brain computer interface has a broad range of applications such as in gaming, research, medicine, and healthcare among others. The utilization of new age interfaces in the development of neuro-gaming technologies is expected to boost the overall growth of the Brain Computer Interface market. likewise, in the segment of communication, the introduction of synthetic telepathy is expected to emerge as a key application of these interfaces.
Additionally, the growing incidence of neurodegenerative conditions such as Alzheimer’s, Parkinson’s disease, and epilepsy are projected to propel the demand for brain computer interface during the forecast period. According to World Health Organization, Alzheimer’s disease and other forms of dementia are now among the top 10 causes of death worldwide, ranking 3rd in both the Americas and Europe in 2019.
Brain Computer Interface Market, By Type
· Invasive brain computer interface
· Partially Invasive brain computer interface
· Non-Invasive brain computer interface
· Others (EEG Based BCI and MEG and MRI)
Brain Computer Interface Market, By Application
· Restoration of disabilities
· Repair of brain function
· Others
Brain Computer Interface Market, By End-users
· Healthcare
· Communication & control
· Entertainment & gaming
· Smart home control
· Medicine
· Military
· Manufacturing
· Others
Brain Computer Interface Market Regional Overview
In terms of region, North America is anticipated to dominate the overall market, throughout the forecast period. This can be attributed to the presence of the well-established healthcare infrastructure and increasing investments for technological development in this region. Also, the US healthcare sector is well known for adopting new techniques, technologies, devices, and models pretty quickly. Hence, the US has played an important role to drive the growth of the market in this region. Similarly, the Asia Pacific is expected to register the fastest growth during the forecast period. This is owing to the increasing investment in neurological and medical researchers in this region. In addition to this, developing countries such as India and China spending heavily on the development of their domestic healthcare infrastructure. This key fact is expected to create lucrative opportunities for the expansion of the market in this region.
Brain Computer Interface Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Brain Computer Interface Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Brain Computer Interface are highlighted below.
· In January 2021, Integra LifeSciences Holdings Corporation, a leading global medical technology company, announced it has completed the acquisition of ACell, Inc. Acquiring ACell and its proprietary MatriStem UBM™ technologies will enable Integra to provide more comprehensive complex wound management solutions to address their customers’ most pressing clinical challenges.
Brain Computer Interface Market, Key Players
· Artinis Medical Systems B.V.
· Nihon Kohden Corporation
· ANT Neuro B.V.
· Blackrock Microsystems LLC.
· Advanced Brain Monitoring, Inc.
· Cadwell Industries, Inc.
· OpenBCI
· Cortech Solutions, Inc.
· NeuroSky
· Emotiv
· G.tec medical engineering GmbH
· Natus Medical Incorporated
· Integra LifeSciences
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Brain Computer Interface Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Invasive brain computer interface
- 5.2.2. Partially Invasive brain computer interface
- 5.2.3. Non-Invasive brain computer interface
- 5.2.4. Others (EEG Based BCI and MEG and MRI)
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Restoration of disabilities
- 5.3.2. Repair of brain function
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By End-users
- 5.4.1. Healthcare
- 5.4.2. Communication & control
- 5.4.3. Entertainment & gaming
- 5.4.4. Smart home control
- 5.4.5. Medicine
- 5.4.6. Military
- 5.4.7. Manufacturing
- 5.4.8. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Brain Computer Interface Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Invasive brain computer interface
- 6.2.2. Partially Invasive brain computer interface
- 6.2.3. Non-Invasive brain computer interface
- 6.2.4. Others (EEG Based BCI and MEG and MRI)
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Restoration of disabilities
- 6.3.2. Repair of brain function
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By End-users
- 6.4.1. Healthcare
- 6.4.2. Communication & control
- 6.4.3. Entertainment & gaming
- 6.4.4. Smart home control
- 6.4.5. Medicine
- 6.4.6. Military
- 6.4.7. Manufacturing
- 6.4.8. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Brain Computer Interface Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Invasive brain computer interface
- 7.2.2. Partially Invasive brain computer interface
- 7.2.3. Non-Invasive brain computer interface
- 7.2.4. Others (EEG Based BCI and MEG and MRI)
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Restoration of disabilities
- 7.3.2. Repair of brain function
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By End-users
- 7.4.1. Healthcare
- 7.4.2. Communication & control
- 7.4.3. Entertainment & gaming
- 7.4.4. Smart home control
- 7.4.5. Medicine
- 7.4.6. Military
- 7.4.7. Manufacturing
- 7.4.8. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Brain Computer Interface Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Invasive brain computer interface
- 8.2.2. Partially Invasive brain computer interface
- 8.2.3. Non-Invasive brain computer interface
- 8.2.4. Others (EEG Based BCI and MEG and MRI)
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Restoration of disabilities
- 8.3.2. Repair of brain function
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By End-users
- 8.4.1. Healthcare
- 8.4.2. Communication & control
- 8.4.3. Entertainment & gaming
- 8.4.4. Smart home control
- 8.4.5. Medicine
- 8.4.6. Military
- 8.4.7. Manufacturing
- 8.4.8. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Brain Computer Interface Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Invasive brain computer interface
- 9.2.2. Partially Invasive brain computer interface
- 9.2.3. Non-Invasive brain computer interface
- 9.2.4. Others (EEG Based BCI and MEG and MRI)
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Restoration of disabilities
- 9.3.2. Repair of brain function
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By End-users
- 9.4.1. Healthcare
- 9.4.2. Communication & control
- 9.4.3. Entertainment & gaming
- 9.4.4. Smart home control
- 9.4.5. Medicine
- 9.4.6. Military
- 9.4.7. Manufacturing
- 9.4.8. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Brain Computer Interface Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Invasive brain computer interface
- 10.2.2. Partially Invasive brain computer interface
- 10.2.3. Non-Invasive brain computer interface
- 10.2.4. Others (EEG Based BCI and MEG and MRI)
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Restoration of disabilities
- 10.3.2. Repair of brain function
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By End-users
- 10.4.1. Healthcare
- 10.4.2. Communication & control
- 10.4.3. Entertainment & gaming
- 10.4.4. Smart home control
- 10.4.5. Medicine
- 10.4.6. Military
- 10.4.7. Manufacturing
- 10.4.8. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Artinis Medical Systems B.V.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Nihon Kohden Corporation
- 11.6. ANT Neuro B.V.
- 11.7. Blackrock Microsystems LLC.
- 11.8. Advanced Brain Monitoring, Inc.
- 11.9. Cadwell Industries, Inc.
- 11.10. OpenBCI
- 11.11. Cortech Solutions, Inc.
- 11.12. NeuroSky
- 11.13. Emotiv
- 11.14. G.tec medical engineering GmbH
- 11.15. Natus Medical Incorporated
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
