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.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Product Type
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Application
·
End User
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Regional scope
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South, West, Mid-West, North East.
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Key companies profiled
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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.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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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]