According to the latest report of the IMARC group, entitled “Brain Computer Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market showed strong growth during the period 2015-2020. A brain-computer interface (BCI) refers to a system widely used in healthcare settings to acquire, analyze, and translate brain signals into commands using an artificial output device. It improves central nervous system (CNS) functions in people with several neuromuscular disorders, such as cerebral palsy and amyotrophic lateral sclerosis. Apart from that, these systems are widely used to communicate with severe paralysis patients.
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The global market is mainly driven by the rising incidence of neurodegenerative disorders including epilepsy and Parkinson’s disease among the masses. Additionally, the widespread integration of Internet of Things (IoT) and Virtual Reality (VR) devices with BCI systems is giving impetus to the growth of the market. Continuous developments in nanotechnology, biological signal processing, and neuroimaging techniques are also creating a positive outlook for the market. Some of the other factors contributing to the growth of the market include increasing geriatric population and extensive research and development (R&D) activities conducted by key players. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 12% during the period 2021-2026.
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Competitive landscape with key players:
- Advanced Brain Monitoring Inc.
- ANT Neuro
- Compumedics Limited
- Medtronic plc
- Natus Medical Incorporated
- NeuroSky Inc.
- Nihon Kohden Corporation
- NIRx Medical Technologies LLC
Key Market Segmentation Highlights:
Break by Product:
- invasive BCI
- partially invasive BCI
- Non-invasive BCI
Break by Application:
- Health care
- smart home control
- Communications and control
- Entertainment and games
Break by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
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