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Global Neuroprosthetics Market 2017-2021

Global Neuroprosthetics Market 2017-2021

About Neuroprosthetics

The neural prosthetics systems rely on the detection and processing of brain activity involved in the planning and execution of movement intentions. Neuroprosthetics are used for individuals suffering an amputation as it restores the damaged motor, sensory, and autonomic functions by stimulating various parts of the nervous system such as nerves, muscles, spinal cord, and brain. Neurological scientists are developing neural interfaces to record and control signals directly from the nervous system. They are also developing a brain-spinal interface to restore voluntary gait control after a spinal cord injury (SCI).

Technavio’s analysts forecast the global neuroprosthetics market to grow at a CAGR of 7.08% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global neuroprosthetics market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Neuroprosthetics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott (St. Jude Medical)
  • Boston Scientific
  • Cochlear
  • Medtronic
  • Sonova
Other prominent vendors
  • Atrotech
  • Autonomic Technologies
  • BrainGate
  • Cyberonics
  • DJO Global
  • electroCore
  • Mainstay Medical
  • Nevro
  • NeuroMetrix
  • NeuroPace
  • SensArs
  • Soterix Medical
  • Cogentix Medical
  • Zynex Medical
Market driver
  • Rising prevalence of SCIs
  • For a full, detailed list, view our report
Market challenge
  • High cost of neuroprosthetics products
  • For a full, detailed list, view our report
Market trend
  • Increasing focus on research
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Neuroprosthetics Market 2017-2021

Technavio recognizes the following companies as the key players in the global neuroprosthetics market: Abbott (St. Jude Medical), Boston Scientific, Cochlear, Medtronic, and Sonova.

Other Prominent Vendors in the market are: Atrotech, Autonomic Technologies, BrainGate, Cyberonics, DJO Global, electroCore, Mainstay Medical, Nevro, NeuroMetrix, NeuroPace, SensArs, Soterix Medical, Cogentix Medical, and Zynex Medical.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing focus on research. Various scientific publications have recognized the effectiveness of neuroprosthetics devices such as regaining and increasing muscle strength and continence, providing pain relief, and restoring body movement including limbs and arms. Over the years, there have been dedicated research involving the use of neuroprosthetics devices such as deep brain stimulators and nerve stimulators, which use electric current to stimulate the paralyzed muscle that is damaged or disabled. These researches aim to provide greater mobility to the individual being treated for rehabilitation condition or with any neurological disorders.”

According to the report, one of the major drivers for this market is Rising prevalence of SCIs. There is an increasing demand for neuroprosthetics due to its significant usage in the treatment of SCI. The neuroprosthetics devices help in restoring function and sensation of individuals with SCI and have a positive impact on the sales of neuroprosthetics devices in the global market. According to the National Institutes of Health (NIH), approximately 12,000 new cases of SCIs have reported annually.

Further, the report states that one of the major factors hindering the growth of this market is High cost of neuroprosthetics products. With the rise in the number of neurological diseases and increasing use of neuroprosthetics in various healthcare institutions such as hospitals and ASCs, the demand for neuroprosthetics devices has increased in various developed and developing countries. However, neuroprosthetics devices are highly priced as the insurance companies do not pay reimbursement for these devices. Health insurance covers prosthetic arms but its coverage largely depends on the amputation level and individual's physical condition.

Companies Mentioned

Abbott (St. Jude Medical), Boston Scientific, Cochlear, Medtronic, Sonova, Atrotech, Autonomic Technologies, BrainGate, Cyberonics, DJO Global, electroCore, Mainstay Medical, Nevro, NeuroMetrix, NeuroPace, SensArs, Soterix Medical, Cogentix Medical, and Zynex Medical.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global neuroprosthetics market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global neuroprosthetics market by application 2016
      • Table Global neuroprosthetics market by application 2016 (%)
    • Neuromodulation devices
      • Table Global neuroprosthetics market by neuromodulation devices 2016-2021 ($ billions)
    • Cognitive devices
      • Table Global neuroprosthetics market by cognitive devices 2016-2021 ($ billions)
  • Market segmentation by end-users
    • Market overview
    • Hospitals
    • ASCs
  • Geographical segmentation
    • Market scenario
      • Table Global neuroprosthetics market by geography 2016 (%)
      • Table Global neuroprosthetics market by geography 2021 (%)
    • Neuroprosthetics market in Americas
      • Table Overview: Neuroprosthetics market in US
      • Table Neuroprosthetics market in Americas 2016-2021 ($ billions)
    • Neuroprosthetics market in EMEA
      • Table Overview: Neuroprosthetics market in Germany
      • Table Neuroprosthetics market in EMEA 2016-2021 ($ billions)
    • Neuroprosthetics market in APAC
      • Table Overview: Neuroprosthetics market in Japan
      • Table Neuroprosthetics market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing focus on research
    • Technological advancements
  • Vendor landscape
    • Table Competitive structure analysis of global neuroprosthetics market 2016
    • Other prominent vendors
  • Key vendor analysis
    • Abbott (St. Jude Medical)
      • Table Abbott: Key highlights
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Key highlights
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Cochlear
      • Table Cochlear: Key highlights
      • Table Cochlear: Strength assessment
      • Table Cochlear: Strategy assessment
      • Table Cochlear: Opportunity assessment
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Sonova
      • Table Sonova: Key highlights
      • Table Sonova: Strength assessment
      • Table Sonova: Strategy assessment
      • Table Sonova: Opportunity assessment
  • Appendix
    • List of abbreviations
  • Explore Technavio

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