HYDERABAD, TELANGANA, INDIA, February 23, 2022 /EINPresswire.com/ – Brain Machine Interface Market Forecast to 2028 – Global Analysis by Application (Military & Defense, Healthcare, Gaming & Entertainment, Communication & Control, Smart Home Controls, Other Applications) and Geography
The global brain-machine interface market is worth USD 1.27 billion in 2020 and is expected to reach USD 3.17 billion by 2028, growing at a CAGR of 12.1% during the forecast period. Factors such as ongoing developments in the field of neuroscience, miniaturization of components, and rising prevalence of brain disorders are driving the growth of the market. However, the lack of qualified professionals is hampering the growth of the market. The healthcare segment is expected to grow at a rapid pace over the forecast period owing to the growing need to provide effective solutions to patients suffering from various neurological conditions. North America will witness strong growth over the forecast period, owing to the increasing popularity of virtual games and the presence of numerous BMI vendors in the region.
Some of the key players profiled in the Brain Machine Interface market include Advanced Bionics, BrainCo, Bitbrain, Guger Technologies OG, Neuroelectrics, Mind Solutions Corp., Natus Medical, NeuroSky, Compumedics Ltd, Interactive Productline, IWinks, Emotiv Corp., InteraXon , Ripple and ANT Neuro.
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