Neuroprosthetics Market Size

Neuroprosthetics Market Size

The global neuroprosthetics market size was valued at USD 15.5 billion in 2024 and is expected to exhibit growth at a CAGR of 12.7% from 2025 to 2034 period. The market growth is attributed to the rise in the prevalence of neurological disorders and the growing adoption of wearable neuroprosthetics.   

As the global population ages, neurodegenerative diseases such as Parkinson and Alzheimer are on the rise. According to the World Health Organization (WHO), over 55 million people worldwide were living with dementia in 2023, with nearly 10 million new cases reported annually. This growing burden has led to an increased reliance on deep brain stimulation devices which aid in restoring motor functions or alleviating sensory losses, thereby driving the adoption of neuroprosthetic devices.
 

Furthermore, growing awareness of the benefits of neuroprosthetics among healthcare providers and patients, coupled with improving healthcare access in emerging markets, is further driving market growth. Government initiatives and funding for neurological health also contribute to the expansion of neuroprosthetic applications.  
 

Neuroprosthetics refers to biomedical devices that interface with the nervous system to restore lost sensory, motor, or cognitive functions. These devices work by stimulating or recording signals from the brain, spinal cord, or peripheral nerves.