The global brain-computer interface market size is expected to reach USD 5,070.7 Million in 2030 and register a revenue CAGR of 12.3% over the forecast period, according to the latest analysis by Emergen Research. Increasing R&D for innovations in treatment options for chronic problems such as sleep disorders, cerebrovascular diseases, brain disorders, and fatal injuries are factors expected to support market revenue growth between 2022 and 2030. Increase in government projects, such as DECODER, European research that uses a brain-computer interface to identify awareness in non-responsive patients, are expected to boost the market growth. Numerous prominent market players are also concentrating their efforts on growing their presence in emerging economies such as China and Japan, which would fuel overall market growth throughout the forecast period.
The global Brain Computer Interface Market report published by Emergen Research assesses the Brain Computer Interface market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Brain Computer Interface market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Brain Computer Interface market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Mind Technologies, Inc., Medtronic, Nihon Kohden Corporation, CAS Medical Systems, Inc., Advanced Brain Monitoring, Inc., EMOTIV, NeuroSky, g.tec medical engineering GmbH, Integra LifeSciences, and Cortech Solutions, Inc
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Emergen Research has segmented the global Brain Computer Interface market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
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Component Type Outlook (Revenue, USD Million; 2019–2030)
- Hardware
- Software
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Product Type Outlook (Revenue, USD Million; 2019–2030)
- Invasive BCI
- Partially Invasive BCI
- Non-Invasive BCI
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Application Outlook (Revenue, USD Million; 2019–2030)
- Healthcare
- Smart Home Control
- Communication & Control
- Entertainment & Gaming
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
