According to a market report by Lucintel, the future of the brain implant market looks promising with opportunities in various applications, such as chronic pain, epilepsy, parkinson’s disease, depression, essential tremor, and alzheimer’s disease. The global brain implant market is expected to grow with a CAGR of 9% to 11% from 2023 to 2028. The major drivers for this market are increasing prevalence of neurological disorders, increasing inclination towards the availability of better treatment system, and growing ageing population.
In this market, deep brain stimulators, spinal cord stimulators, and vagus nerve stimulators are the major segments of brain implant market by product. Lucintel forecasts that deep brain stimulators will remain the largest product segment over the forecast period due to its several advantages over other therapies, such as the reduction in the degree of stiffness, slowness, and walking difficulties caused by different neurological illnesses, such as dystonia, Parkinson's disease, and essential tremor.
Within this market, chronic pain is expected to remain the largest application segment due to the increasing incidences of chronic pain among patients suffering from neurological disorders and rise in the frequency of chronic aches, which has produced a clinical necessity for including long-standing solutions.
North America will remain the largest region due to an increase in the prevalence of neurological disorders, a rise in awareness about treatments, the availability of highly skilled physicians, and the presence of well-established healthcare facilities.
Boston Scientifc, Medtronic, Nevro Corporation, Neuropace, NDI Medical, Aleva Neurotheraputics, Sapiens Neuro, and Cochlear are the major suppliers in the global brain implant market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global brain implant market by product, application, end users, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Brain Implant Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global brain implant market by product, application, end users, and region, as follows:
Brain Implant Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
· Deep Brain Stimulation
· Spinal Cord Stimulation
· Vagus Nerve Stimulation
Brain Implant Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Chronic Pain
· Epilepsy
· Parkinson’s Disease
· Depression
· Essential Tremor
· Alzheimer’s Disease
Brain Implant Market by End Users [Value ($B) Shipment Analysis from 2017 to 2028]:
· Hospitals & Clinics
· Ambulatory Surgery Centers
· Others
Brain Implant Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Brain Implant Market". To download report brochure, please go to
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About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the brain implant market by product (deep brain stimulators, spinal cord stimulators, and vagus nerve stimulators), application (chronic pain, epilepsy, parkinson’s disease, depression, essential tremor, and alzheimer’s disease), end users (hospitals & clinics, ambulatory surgery centres, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?