Neuroprosthetics Market Analysis, Overview and Applications 2018

“Global Neuroprosthetics Market 2017 to 2021” presents an in-depth assessment of the Neuroprosthetics including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Neuroprosthetics investments from 2018 till 2021.

Commenting on the report, an analyst from Industrydataanalytics 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.

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Companies Mentioned are: 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.

Segmentation by types and analysis of the neuroprosthetics market
SCS system
DBS system
SNS system

Global Neuroprosthetics Market to grow at a CAGR of 7.08% during the period 2017-2021

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.

Segmentation by application and analysis of the neuroprosthetics market
Neuromodulation devices
Cognitive devices

The market is divided into the following segments based on geography: Americas, APAC, EMEA

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This independent 79 page report guarantees you will remain better informed than your competition. With over tables and figures examining the Neuroprosthetics market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

Major points covered in Global Neuroprosthetics Market2018 Research are:-

What will the market size and the growth rate be in 2021?
What are the key factors driving the Global Neuroprosthetics market?
What are the key market trends impacting the growth of the Global Neuroprosthetics market?
What are the challenges to market growth?
Who are the key vendors in the Global Neuroprosthetics market?
What are the market opportunities and threats faced by the vendors in the Global Neuroprosthetics market?
What are the key outcomes of the five forces analysis of the Global Neuroprosthetics market?

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.

Market Challenge in this Report:

- High cost of neuroprosthetics products
- For a full, detailed list, view our report  

Market Trend in this Report:

- Increasing focus on research
- For a full, detailed list, view our report 

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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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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