DUBLIN--(BUSINESS WIRE)--The "Neuroprosthetics Market by Type (Output, Input), Techniques (Deep Brain, Vagus Nerve, Spinal Cord stimulation), Application (Epilepsy, Paralysis, Alzheimer's Disease) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Neuroprosthetics Market Was Valued at USD 5.84 Billion in 2017 And Expected to Grow at a CAGR of 12.4% to a USD 10.48 Billion Market By 2022.
Factors driving this market include increasing number of neurological disorders, increasing incidence of hearing loss, increasing prevalence of diabetes, and increasing cases of amputation due to the rising number of accidents & injuries. Availability of alternative treatment, high cost of neuroprosthetics devices, and dearth of trained professionals are the major factors hampering the growth of the market.
The neuroprosthetics market is classified on the basis of type into input neural prosthetics and output neural prosthetics. The output neural prosthetics segment accounted for the largest share of this market segment. This growth can be attributed to the increasing neurological disorders.
The neuroprosthetics market is classified on the basis of the application into motor neuron disorders, physiological disorders, and cognitive disorders. The motor neuron disorders segment is expected to register the highest growth rate during the forecast period. This growth can be attributed to the increasing neurological disorders such as Parkinson's disease and epilepsy.
Geographically, the neuroprosthetics market is dominated by North America, followed by Europe. The North American region is estimated to account for the largest share in 2017 and the trend is expected to continue during the forecast period. The growth in this market can be attributed to the presence of major key players in the region and rising geriatric population, increasing incidence of peripheral nerve injuries, availability of government funding, and technological advancements.
Key players operating in the neuroprosthetics market include Medtronic (US), Boston Scientific (US), Abbott (US), LivaNova (UK), Second Sight (US), and Cochlear (Australia).product portfolio with comprehensive features and have a strong geographical presence.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Neuroprosthetics Market, By Type
7 Neuroprosthetics Market, By Technique
8 Neuroprosthetics Market, By Application
9 Neuroprosthetics Market, By Region
10 Competitive Landscape
11 Company Profiles
- Boston Scientific
- NDI Medical
- Retina Implant
- Second Sight
For more information about this report visit https://www.researchandmarkets.com/research/8jf5vj/global?w=4