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Neuroprosthetics Market Trends

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

Neuroprosthetics Market Trends

The rapid advancements in neurotechnology are a significant growth driver for the market, transforming how neural disorders and physical impairments are managed. These technological innovations have expanded the capabilities of neuroprosthetic devices, making them more efficient, precise, and accessible.
 

  • Cutting-edge developments in brain-computer interfaces (BCIs) and brain implants have improved the communication between neuroprosthetic devices and the nervous system. These interfaces enable better signal transmission, leading to enhanced device performance in motor and sensory restoration.
     
  • Additionally, the trend toward miniaturized and wearable neuroprosthetic devices has increased user convenience and mobility. Compact designs integrate seamlessly with the body, improving patient compliance and usability in real-world environments.
     
  • Furthermore, the incorporation of AI and machine learning algorithms into neuroprosthetics has enhanced device functionality. AI-driven systems can adapt to user needs by learning and optimizing movement patterns or neural signal interpretation, offering more personalized rehabilitation solutions.
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.

Neuroprosthetics Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 13
  • Tables & Figures: 206
  • Countries covered: 19
  • Pages: 135
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