In-depth analysis and data-driven insights on the impact of COVID-19 included in this global neural implants market report.
The global neural implants or brain implants market is expected to grow at a CAGR of approximately 11% during the period 2019−2025.
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Neural Implants Market – Segmentation
Neural Implants Market by Product
Neural Implants Market by Application
Neural Implants Market by End-user
Neural Implants Market – Dynamics
The growing demand for neural implants has encouraged several vendors to develop the latest generation technological platforms/devices to address the prevailing unmet needs in the treatment of neural disorders such as PD, epilepsy, chronic pain and other conditions. The brain implant technology has witnessed many technical advancements and improvements. Technological advancements in neural implant devices have revolutionized and enhanced the clinical outcome of treatment with SCS, DBS, and VNS systems. Since the first commercial appearance of neural implants, continuous innovation, and research has led the path for further evolution in this space. One of the most established clinical practices of neural implants includes DBS. The FDA first approved the use of DBS for essential tremor in 1997. Since then, the FDA or other global regulators have approved DBS for several indications, including PD, dystonia, epilepsy, and OCD.
Key Drivers and Trends fueling Market Growth:
Neural Implants Market – Geography
North America dominated the neural implants market with the highest market share owing to the presence of a large proportion of the patient population, coupled with better access to treatment with the latest generation neural implants. The strong presence of key neural implants players is another factor contributing to the higher uptake of neural implants in North America. The rise in the number of PD, chronic pain, epilepsy, and other patient pool coupled with the necessity to treat the diseases with advanced procedures is expected to boost the market growth during the forecast period.
Neural Implants Market by Geography
Prominent Vendors
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