Global Brain
Computer Interface (BCI) Market is expected to reach USD 1.7
billion by 2022, according to a new study by Grand View Research Inc.
Increasing incidences of neurodegenerative conditions, advancements in
neuroscience, rising geriatric population base and the growing demand for
neuroprosthetics are some impact rendering drivers of the brain computer
interface market. Furthermore, growing R&D investments and the presence of
government projects such as DECODER (European project that used brain computer
interface to detect consciousness in non responsive patients) coupled with
rising focus of major market players on emerging economies such as Japan and
China are also expected to propel market growth over the forecast period.
Introduction of technological advancements occurring in the market is expected
to result in the availability of better options for healthcare personnel and
individuals. The technology encompasses a wide array of applications designed
to revolutionize the communication, automation, security and entertainment
experience. Brain computer interface is an emerging technology which is
currently at a nascent stage; however, the increasing interest among
researchers in collaboration with the government is expected to fuel the future
growth of this market.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/brain-computer-interfaces-market
Global brain computer interface market, by application, 2012-2022 (USD Million)
Further key findings from the study
suggest:
- Non-invasive BCI is identified as the most lucrative product sub segment of the market and is expected to grow at a rate of over 10.0% over the forecast period majorly owing to, increasing prevalence of paralysis.
- BCI based healthcare segment accounted for the largest market share in 2014. Rising incidences of brain related disorders, increasing R&D spending over medical applications and growing base of geriatric population are some driving factors for this segment.
- North America was the largest regional market with a revenue share of over 40.0% in 2014 on account of the presence of an extensive number of ongoing BCI projects. Growing patient awareness level and accessible healthcare infrastructure is also expected to lead to an expedited market growth over the forecast period.
- Asia Pacific is identified as the most lucrative regional market. Large presence of untapped opportunities coupled with rapidly improving economic conditions is expected to drive regional market growth over the forecast period. China is expected to witness the fastest growth over the forecast period.
- Key players of the brain computer interface market include Emotiv System, Mind Solutions Corp., Puzzlebox, Natus Medical, Interactive Productline, Compumedics Ltd. and Neuroelectrics.
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this category @ http://www.grandviewresearch.com/industry/healthcare-it
For the purpose of this study, Grand
View Research has segmented the global brain computer interface on the basis of
product, application, end-use and region:
Global Brain Computer Interface
Product Outlook (Revenue, USD Million, 2012 – 2022)
- Invasive BCI
- Partially Invasive BCI
- Non-invasive BCI
Global Brain Computer Interface
Application Outlook (Revenue, USD Million, 2012 – 2022)
- Healthcare
- Smart Home Control
- Communication & Control
- Entertainment & Gaming
Global Brain Computer Interface
End-Use Outlook (Revenue, USD Million, 2012 – 2022)
- Medical
- Military
- Others
Brain Computer Interface Regional
Outlook (Revenue, USD Million, 2012 – 2022)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Rest of Middle East and Africa
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