Neuroprosthetics Market is Expected to Reach $14 Billion, Globally, by 2020

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Opportunity Analysis and Industry Forecast,
2016-2023
Neuroprosthetics Market
No. of Pages- 156
Global Opportunity Analysis and Industry
Forecast, 2013-2020
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Neuroprosthetics Market Report, published
by Allied Market Research, forecasts that the
global market is expected to garner 14 billion
by 2020, registering a CAGR of 15.8 during the
period 2016-2020. Multitude of cognitive and
physiological disorders have a debilitating
impact on 'quality-of-life' of affected patient
populace. A majority (80) of such patients is
unamenable to any form of treatment as first line
(drug) and second line (invasive surgeries)
treatments fail. Neuroprosthetics devices or
neural implants or brain implants offer an
efficacious solution to the afore-mentioned type
of patients. Neuroprosthetics deploy technologies
such as Deep Brain Simulation (DBS), Vagus Nerve
Stimulation (VNS), Spinal Cord Stimulation (SCS)
and Sacral Nerve Stimulation (SNS) depending on
the clinical condition to ameliorate the disease
condition. Download Report Sample _at_
https//www.alliedmarketresearch.com/request-sampl
e/580
Neuroprosthetics Market
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Depending on the condition treated, product types
of Neuroprosthetics include Motor Prosthetics,
Auditory Prosthetics/ Cochlear Implants, Visual
Prosthetics/ Retinal implants and Cognitive
Prosthetics. Owing to various factors such as
high base of affected patient population, the
patient population amenable to Neuroprosthetics
and scope of improvement in QALY, the Motor
Neuroprosthetics market for treating Parkinson's
disease garners the largest market share Motor
Neuroprosthetics for treating Overactive Bladder
Syndrome and Motor Neuroprosthetics for treating
Epilepsy are second and third largest segment
respectively. Despite such benefits that are
high-impact growth drivers for the market,
high-cost of devices curtails the adoption rate
by patients, thus restrain the market
growth. High growth segments such as Visual
neuroprosthetics/retinal implants and
applications such as Parkinson's disease,
Overactive Bladder Syndrome and Epilepsy are
expected to contribute substantially to the
growth of the overall global Neuroprosthetics
market. Motor Prosthetics holds the largest share
within Neuroprosthetics devices market segment
whereas Sacral Cord Stimulation (SCS) would
maintain the leading market position through
2020, within technology segment. Inquire before
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Neuroprosthetics Market
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• The Major Key Players Are
• Medtronic plc,
• Cochlear Ltd., Abbott Laboratories,
• Boston Scientific,
• LivaNova,
• Second Sight Medical Products,
• Retina Implant AG,
• Sonova,
• Neuropace

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• Key Findings of the Study
• Global market for Neuroprosthetics gaining
  traction with Visual Prosthetics/ Retinal
  implants and Motor Neuroprosthetics (for treating
  Parkinson's disease) being major growth arenas
  during the forecast period (2014 - 2020)
• Within Neuroprosthetics devices market, Visual
  Prosthetics/ Retinal implants is the fastest
  growing segment
• Within Neuroprosthetics devices, Motor
  Neuroprosthetics segment would garner the largest
  market share, owing to numerous applications such
  as Parkinson's disease, Neurocardiac disorders,
  Over Active Bladder syndrome and Epilepsy
• North America would be the lucrative market, both
  in terms of market size and growth, (among all
  regional markets)

Neuroprosthetics Market
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Neuroprosthetics Market