The Global Brain Computer interface Market will observe a growth at 14.0% CAGR, reaching a projected valuation of USD 5.46bn by 2028, while it valued at USD 1.48bn in 2021

The Healthcare sector is ever growing and with the digitalization and onset of covid 19 pandemic, the demand for telehealth services is surging, which would expand the brain computer interface market during the forecast period.

ResearchMoz in its report elucidates the global brain computer interface market in-depth, which includes the size, growth drivers, opportunities, restraints, challenges, regional growth along with competitive edge.

Integration of Artificial Intelligence to Drive the Brain Computer Interface Market

Artificial Intelligence and Machine Learning is proving to be quite an influential technology for the health care sector. The AI helps in introducing non-invasive modalities in the health infrastructure for devices such as EEG, MRI, and FMRI. Further, the precision provided by AI is not only making the surgeries less invasive but also safe and effective. This efficaciousness offered by AI will drive the Brain Computer Market during the forecast period. increasing demand from the healthcare sector for diagnosis and treatment of various diseases are also boosting the growth opportunities for this market.

Healthcare Sector Bolsters the Demand

The applications of brain-computer interfaces such as controlling prosthetic limbs, assisting people with disabilities, and treating conditions like epilepsy and Parkinson’s disease will boost the demand in the coming years. Further, the high applicability of this device in treatments such as neurological diseases and sleep disorders will bolster the growth opportunities for the brain computer interface market over the forecast period.

The current key players of the brain computer interface market are –

  • Brain Products GmbH
  • Integra Lifesciences Corporation
  • Advanced Brain Monitoring, Inc.
  • Compumedics Neuroscan
  • NIRx Medical Technologies, LLC
  • OpenBCI
  • CGX, A Cognionics Company
  • Natus Medical Incorporated
  • tec medical engineering GmbH
  • Interaxon, Inc.
  • ANT Neuro
  • Medtronic
  • EMOTIV
  • NeuroSky
  • ANT Neuro

Product Outlook (Revenue, USD Billion)

  • Invasive BCI
  • Non-invasive BCI
  • Partially Invasive BCI

Application Outlook (Revenue, USD Billion)

  • Smart Home Control
  • Communication & Control
  • Entertainment & Gaming
  • Disabilities Restoration
  • Brain Function Repair
  • Healthcare

End-use Outlook (Revenue, USD Billion)

  • Military
  • Medical
  • Others

Regional Outlook

·         North America (United States, Canada, Mexico)

·         Europe (Germany, UK, France, Italy, Spain, Others)

·         Asia-Pacific (China, Japan, India, South Korea, Southeast Asia, Others)

·         The Middle East and Africa (Saudi Arabia, UAE, South Africa, Others)

·         South America (Brazil, Others)

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