Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Brain Computer Interface Devices market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Brain
Computer Interface Devices market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Brain Computer Interface Devices market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Brain
Computer Interface Devices market is offered. In
accordance with the report, the global Brain Computer Interface Devices
market is projected to
expand at a CAGR of 10% over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
The primary aim of the brain computer interface (BCI) is to provide
severely paralyzed patients an alternate way to communicate which does not
depend on muscle control. According to some modern definitions, BCI is a system
which receives a bio-signal and forecasts some abstract aspects of the person’s
cognitive state. The key components of the BCI devices are EEG headbox, EEG amplifier,
and computer interface and feedback stations. The global BCI devices market is
primarily driven by the increasing number severely paralyzed patients across
worldwide. According to a recent study, around 1 in every 50 people living in
the US is suffering from paralysis- approximately around 5.5 Million. The
prevalence goes little bit similar in Europe- around 1 in every 44 people in
Germany and around 1 in every 53 people in the UK in 2018. Despite the advantages
offered by the BCI, there are some issue which make the BCI difficult- for
instance, processing depends on several unknown parameters (person-specific,
task specific) which makes the person specific variability due to folding of
cortex, non-stationary brain dynamics etc.. Therefore, the growth of the global
Brain Computer Interface Devices market would likely to restrain by the
aforementioned scientific challenges, and lack of regulatory standard related
to use of Brain Computer Devices in the upcoming period. However, technological advancements, strategic
alliances such as collaborations among key players etc. would provide the
global Brain Computer Interface Devices market an opportunity to propel during
the forecast period. In November 2019, Neurorobotics
and Moscow Institute of Physics and Technology jointly developed a new BCI
algorithm in Russia which can utilize artificial neural networks and EEG
display images in real-time. In October 2019, Cognixion, a neuro-technology
startup launched an artificial intelligence driven BCI solution for speech
impaired person to communicate.
Segment Covered:
This market
intelligence report on the global Brain Computer Interface Devices market encompasses
market segments based on type, application and country.
In terms of type, the global Brain Computer
Interface Devices market is segregated into:
·
Active BCI
·
Reactive BCI
·
Passive BCI
By application, the global market is also
classified into:
·
Law enforcement,
and forensics
·
Entertainment
·
Healthcare
(sleep stage recognition, neuro-rehabilitation, disabilities such as
tetraplegia, locked-in syndrome etc., speller programs)
·
Social (neuro-wear)
·
Research and
development (neuroscience)
By country/region, the global Brain Computer
Interface Devices market has been divided into:
·
North America
(the U.S., Canada)
·
Latin America
(Brazil, Mexico, Argentina and other countries)
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries)
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
·
Cognitxion
·
Clunbury
Scientific LLC
·
Neurolutions,
Inc.
·
InnerEye Ltd.
·
Panasonic Corp.
·
Oticon A/S
·
HumAInify
·
NIHON KOHDEN
CORPORATION
·
Integra Life
Sciences Corporation
Others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Brain Computer Interface Devices related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Brain Computer Interface Devices market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account
2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Brain Computer Interface Devices market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such Cognitxion, Clunbury Scientific LLC, Neurolutions, Inc., InnerEye
Ltd. , Panasonic Corp. , Oticon A/S , HumAInify , NIHON KOHDEN CORPORATION, Integra Life
Sciences Corporation and others, and among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Brain Computer Interface Devices caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Brain
Computer Interface Devices market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Brain
Computer Interface Devices market
v
Identification
of key factors driving investment opportunities in the Brain
Computer Interface Devices market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants