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Report Description

Report Description

United States brain implants market are anticipated to show a robust growth in the upcoming five years, 2023-2027. The market growth can be attributed to increasing incidences of neurological conditions, like Parkinson’s disease, Alzheimer’s, and epilepsy. Moreover, increasing knowledge about the possibilities of the brain implants along with its advantages over the various neurological diseases, is the probable cause behind the exponential growth of the United States brain implants market in the upcoming five years. Also, extensive research is still carried out to study the functions and aspects of brain, neurological system and diseases that effect the brain and nervous system at large. This research has made it possible for the various implants and other treatment methods to be devised and be introduced in the market, thereby supporting the growth of the market in the next five years. Furthermore, factors like stress and obesity are major cause of depression among the population. Depression caused have proven record to be treated with the usage of brain implants. The rising instances of depression is anticipated to aid the growth of the United States brain implants market in the upcoming five years.

Also, the geriatric population is more susceptible to incur brain damage, sensory damage, and suffer from neurological diseases. Increasing geriatric population in the country is expected to drive the market growth in the future five years.

The United States brain implants market is segmented by the product type, application, end user, competitional landscape, and regional distribution. Based on product type, the market is further divided into deep brain stimulators, spinal cord stimulators, and vagus nerve stimulators. Deep brain stimulators are medical devices that are electively selected for the procedure of deep brain stimulation as a treatment regime for neurological issues like obsessive-compulsive disorder, Parkinson’s diseases, dystonia, essential tremor, epilepsy, and Alzheimer’s disease. In this surgical procedure electrodes (brain implants) are implanted into certain brain areas. These electrodes generate electrical signals that is able to control the abnormal brain functions. The advantages of the surgical process over multiple neurological disorders that has affected mass population of the country is the key factor driving the growth of the United States brain implants market in the upcoming five years. Moreover, Vagus nerve stimulators are expected to register the fastest CAGR growth in the upcoming five years. These medical devices are used to stimulate the vagus nerve with electrical impulses which aids in the treatment of epilepsy and depression. The rising cases of epilepsy and depression are the major cause of the future growth of the market until 2027.

A partial list of market player in the United States brain implants market includes, Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Americas Holding, Inc., Edwards Lifesciences Corporation, NeuroPace, Inc., Synchron Inc., among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

  • To analyze the historical growth of the market size of United States brain implants market from 2017 to 2020.
  • To estimate and forecast the market size of United States brain implants market from 2021 to 2027 and growth rate until 2027. 
  • To classify and forecast United States brain implants market based on product type, application, end user, competitional landscape, and regional distribution.
  • To identify dominant region or segment in the United States brain implants market.
  • To identify drivers and challenges for United States brain implants market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States brain implants market.
  • To identify and analyze the profile of leading players operating in United States brain implants market.
  • To identify key sustainable strategies adopted by market players in United States brain implants market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of United States brain implants market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Brain implants manufacturers, end users, and other stakeholders
  • Distributers and suppliers of the products and other stakeholders
  • Organizations, forums, and alliances related to brain implants
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Application

·         End User

Regional scope

South, West, Mid-West, North East.

Key companies profiled

Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, Terumo Americas Holding, Inc., Edwards Lifesciences Corporation, NeuroPace, Inc., Synchron Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, United States brain implants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Brain Implants Market, By Product Type:
    • Deep Brain Stimulators
    • Spinal Cord Stimulators
    • Vagus Nerve Stimulators
  • United States Brain Implants Market, By Application:

o   Chronic Pain

o   Epilepsy

o   Parkinson’s Disease

o   Depression

o   Essential Tremor

o   Alzheimer’s Disease

  • United States Brain Implants Market, By End User:
    • Hospitals & Clinics
    • Ambulatory Surgery Centers
    • Others
  • United States Brain Implants Market, By Region:
    • South
    • West
    • Mid-West
    • North East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States brain implants market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).


United States Brain Implants Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  


Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on United States Brain Implants Market

4.    Voice of Customer

5.    Executive Summary

6.    United States Brain Implants Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators)

6.2.2.     By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease)

6.2.3.     By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others)

6.2.4.     By Company (2021)

6.2.5.     By Region

6.3.  Product Market Map

7.    United States Deep Brain Stimulators Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Application

7.2.2.     By End User

8.    United States Spinal Cord Stimulators Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Application

8.2.2.     By End User

9.    United States Vagus Nerve Stimulators Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Application

9.2.2.     By End User

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  United States Economic Profile

14.  Competitive Landscape

14.1.              Medtronic Plc.

14.2.              Boston Scientific Corporation

14.3.              St. Jude Medical, Inc. (Abbott)

14.4.              Synapse Biomedical Inc

14.5.              Nevro Corporation

14.6.              NDI Medical LLC

14.7.              Terumo Americas Holding, Inc.

14.8.              Edwards Lifesciences Corporation

14.9.              NeuroPace, Inc.

14.10.            Synchron Inc.

 15. Strategic Recommendations

Figures and Tables

Frequently asked questions

Frequently asked questions

Factors like increasing incidences of neurological conditions, like Parkinson’s disease, Alzheimer’s, and epilepsy is driving the growth of the United States brain implants market in the forecast years, 2023-2027.

Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc. (Abbott), Synapse Biomedical Inc, Nevro Corporation, NDI Medical LLC, among others are leading the United States brain implants market in the forecast period, 2023-2027.

The United States brain implants market was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2021 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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