Global Brain Computer Interface Market Size, Share & Trends Analysis Report by Product, by Application, by End Use, and Segment Forecasts, 2020 - 2027 - ResearchAndMarkets.com

DUBLIN--()--The "Brain Computer Interface Market Size, Share & Trends Analysis Report by Product (Invasive, Partially Invasive, Non-invasive), by Application (Healthcare, Communication & Control), by End Use, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global brain computer interface market size is expected to reach USD 3.7 billion by 2027, registering a CAGR of 15.5% over the forecast period.

The market growth is driven by continuous developments in medical sensors and computational biology. In addition, increasing R&D for advancements in treatment options for chronic conditions such as cerebrovascular diseases, sleep disorders, brain disorders, and fatal injuries contributes to the significant growth rate of the market.

The rising number of government projects such as DECODER, a European project that uses brain computer interface to detect consciousness in non-responsive patients, is also expected to positively influence market growth. Moreover, several major market players focus on expanding their presence in emerging economies such as Japan and China, which would drive the overall market growth over the forecast period.

North America dominated the market in 2019 owing to a large number of clinical trials conducted in the region. In addition, rising incidences of neurodegenerative conditions such as Parkinson's, Alzheimer's, and Huntington's disease in this region are expected to drive the market growth. In addition, rising demand for immersive gaming, which adopts technologies such as BCI, is also expected to drive the regional market growth.

Further key findings from the report suggest:

  • The non-invasive segment dominated the BCI market in 2019. Technological advancements and increasing popularity of gaming and entertainment act as key growth contributors for this segment
  • On the basis of application, healthcare was the largest revenue generating segment in 2019. Increasing application of BCI technology for the treatment of sleeping disorders, Alzheimer's disease, and Parkinson's disease is a key factor contributing to the growth of the segment
  • The military segment is expected to show lucrative growth over the forecast period owing to the increased application of BCI technology in war zones
  • Asia Pacific is expected to exhibit the highest growth rate over the forecast period. Increasing disposable income and low-cost manufacturing sites are expected to drive the market growth in the coming years

Key Topics Covered:

1. Research Methodology & Scope

2. Executive Summary

3. Brain Computer Interface Market Variables, Trends & Scope

3.1 Penetration & Growth Prospect Mapping

3.2 User Perspective Analysis

3.2.1 Market Influencer Analysis

3.3 Brain Computer Interface Market Dynamics

3.3.1 Market Driver Analysis

3.3.1.1 Increasing prevalence of neurodegenerative disorders

3.3.1.2 Increasing global geriatric population

3.3.1.3 Increasing demand for virtual gaming experience and home control systems

3.3.1.4 Increasing R&D spending over military and medical applications

3.3.2 Market Restraint Analysis

3.3.2.1 Adverse usage of technology

3.3.2.2 Rising public concern about ethical issues associated with brain computer interface

3.4 Brain Computer Interface Market Analysis Tools: Porter's Analysis

3.4.1 Supplier Power: High

3.4.2 Buyer Power: Moderate

3.4.3 Threat Of Substitutes: High

3.4.4 Threat Of New Entrants: Moderate to Low

3.4.5 Competitive Rivalry: Moderate

3.5 PESTEL Analysis

3.5.1 Political/Legal Landscape

3.5.2 Economic Landscape

3.5.3 Technology Landscape

3.6 Market Participation Categorization

3.6.1 Competitive Dashboard Analysis

3.7 Major Deals & Strategic Alliances Analysis

3.8 Public Companies

3.9 Private Companies

4. Brain Computer Interface Market: Product Estimates & Trend Analysis

4.1 Product Market Share Analysis, 2019 & 2027

4.2 Product Dashboard

4.2.1 Invasive Brain-Computer Interface

4.2.2 Partially Invasive Brain-Computer Interface

4.2.3 Non-invasive Brain-Computer Interface

5. Brain Computer Interface Market: Application Estimates & Trend Analysis

5.1 Application Market Share Analysis, 2019 & 2027

5.2 Application Dashboard

5.3 Healthcare

5.4 Smart home control

5.5 Communication and control

5.6 Entertainment & Gaming

6. Brain Computer Interface Market: End use Estimates & Trend Analysis

6.1 End use Market Share Analysis, 2019 & 2027

6.2 End use Dashboard

6.3 Medical

6.4 Military

6.5 Others

7. Brain Computer Interface Market: Regional Estimates & Trend Analysis, by Product, Application, and End-Use

7.1 Regional Market Snapshot

7.2 North America

7.3 Europe

7.4 Asia Pacific

7.5 Latin America

7.6 MEA

8. Company Profiles

8.1 Natus Medical Incorporated

8.2 Guger Technologies Og

8.3 Mind Solutions Corporation

8.4 Medtronic

8.5 Compumedics Ltd.

8.6 Interactive Productline

8.7 Integra Lifesciences Corporation

8.8 Advanced Brain Monitoring, Inc.

8.9 Emotiv Incorporation

8.10 Neurosky

8.11 Iwinks

8.12 Interaxon

8.13 Ant Neuro

8.14 Neuroelectrics

8.15 Ripple

8.16 Puzzlebox

8.17 Nirx Medical Technologies

8.18 Nielsen Holding

8.19 Brain Products GmbH

8.20 Cerora Incorporation

8.21 Cognionics

For more information about this report visit https://www.researchandmarkets.com/r/n847vz

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900