Title: Brain Implants Market - Forecast(2021 - 2026)
1Brain Implants MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- Brain Implants Market size is estimated to reach
4,961.7m by 2025, growing at a CAGR of 10.27
during the forecast period 2020-2025. Brain
implants also called as neural implants are the
devices placed on the brain or attached to the
brain cortex and are used to establish a
biomedical prosthesis circumventing areas in the
brain which are affected by stroke or other head
injuries. - An increase in support from the government to
develop new technology and increased health care
infrastructure in developing countries and the
availability of skilled labor is supporting the
growth of the brain implant market.
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- Key Takeaways
- Geographically, North Americas Brain Implants
Market accounted for the highest revenue share in
2019 and it is poised to dominate during the
forecast period 2020-2025 owing to the high
disposal income and availability of the large
number of manufacturers for brain implants. - The increase in neurological disorders such as
depression, Alzheimers, Parkinsons are driving
the market for brain implants during the forecast
period 2020-2025.
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- By Distribution Channel- Segment Analysis
- The global Brain Implants Market is segmented in
to North America, Europe, Asia-Pacific and the
Rest of World. North America had a dominant share
in terms of revenue in 2019 and is estimated to
hold the largest market share during the forecast
period 2020-2025, owing to the increased usage of
brain implants. Asia-Pacific is also set to have
the fastest growth owing to the increased
population and modernizing in health-care
infrastructure.
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- Brain Implants Market Industry Outlook
-
- Edwards Lifesciences Corp.
- NeuroPace Inc.
- Abbott Laboratories Inc.
- Boston Scientific Corp.
- Abiomed, Medtronic Plc
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