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Neuroprosthetics Market Share

Report ID: GMI12748
Published Date: Dec 2024
Report Format: PDF

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Neuroprosthetics Market Share

Several key players in the market are making strides in product innovation and strategic partnerships to maintain market leadership. Companies are investing heavily in R&D to develop advanced neuroprosthetics proucts with enhanced features such as integrated monitoring, user-friendly designs, and eco-friendly materials. Additionally, partnerships with healthcare providers are being forged to improve product accessibility in emerging markets. Regulatory compliance and adherence to international quality standards are crucial aspects of the strategies employed by these companies to cater to a global market. These developments are helping companies meet the increasing demand for safe and efficient neuroprosthetics.

Neuroprosthetics Market Companies

Prominent players operating in the neuroprosthetics industry include:

Advanced Bionics
Boston Scientific
Cochlear
Kernel
LivaNova
Med-El
Medtronic
NDI
Neuropace
nevro
Retina Implant
Second Sight
Sonova

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global neuroprosthetics industry was valued at USD 15.5 billion in 2024 and is projected to grow at a CAGR of 12.7% from 2025 to 2034, driven by the increasing prevalence of neurological disorders and the adoption of wearable neuroprosthetics.

The motor prosthetics segment is expected to grow at a CAGR of 12.5%, reaching over USD 23 billion by 2034, supported by advancements in brain-machine interfaces (BMIs) and neural control interfaces that enhance functionality and accuracy.

The U.S. neuroprosthetics market was valued at USD 6.6 billion in 2024 and is anticipated to grow at a CAGR of 12% from 2025 to 2034, driven by a significant aging population and the rising prevalence of neurological disorders such as Parkinson's disease and epilepsy.

Key players in the market include Advanced Bionics, Boston Scientific, Cochlear, Kernel, LivaNova, Med-El, Medtronic, NDI, Neuropace, Nevro, Retina Implant, and Second Sight.