Global Brain Implants Market Is Expected To Reach Around USD 831 Million By 2025

Zion Market Research has published a new report titled “Brain Implants Market by Product (Deep Brain Stimulator, Spinal Cord Stimulator, and Vagus Nerve Stimulator) and by Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, and Alzheimer’s Disease): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global brain implants market was approximately USD 379 million in 2018 and is expected to generate around USD 831 million by 2025, at a CAGR of around 11.8% between 2019 and 2025.

The brain implants or neural implants can be attached to any part of the brain, either on the cortex or to the surface, i.e., on sulci and gyri. Brain implants are also known as neural prosthetics or implants. These are considered a class of medical devices that interconnect with the body’s nervous system. Growing cases of Parkinson’s disease and the ambiguity of economic conditions in some developed economies has forced the original equipment manufacturers to develop cost-effective devices for Parkinson’s disease treatment. This is the primary factor driving the global brain implants market Additionally, the preference given by professionals to brain implants over drug therapies is also boosting the brain implants market globally. However, the risk of infections and the high cost of these devices are hindering the market growth.

Browse the full “Brain Implants Market by Product (Deep Brain Stimulator, Spinal Cord Stimulator, and Vagus Nerve Stimulator) and by Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, and Alzheimer’s Disease): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/brain-implants-market

The global brain implants market is segmented on the basis of product and application. On the basis of product, the market includes vagus nerve stimulator, spinal cord stimulator, and deep brain stimulator. The deep brain stimulator segment is anticipated to dominate the market over the estimated time period, due to the increasing incidences of Parkinson’s disease and the potential benefits of brain implants like long-term efficacy and better management of post-operative outcomes. Vagus nerve stimulators are anticipated to register the fastest growth over the forecast time period, owing to rising incidences of epilepsy.

The application segment is divided into epilepsy, chronic pain, Parkinson’s disease, essential tremor, depression, and Alzheimer’s disease. Parkinson's disease held the major share in the global market in 2018, as it is one of the most common neurodegenerative disorders with very few treatment options. With the rise in a number of FDA approvals in the U.S. for deep brain stimulation therapies, which can be used for Parkinson's disease treatment, this segment growth is predicted in the future. Moreover, the long-term costs of medications and treatment for Parkinson’s disease have increased the adoption of brain implants.

North America dominated the brain implants market in 2018, owing to the high standards of quality maintained by the medical device manufactures, growing aging population, increasing the burden of Parkinson’s disease, rising demand for advanced devices, and increasing disposable income of the regional population. Europe is the second vital brain implants market, owing to the growing investments made by major market players for R&D and various innovations witnessed in medical technology. The Asia Pacific region is anticipated to be a lucrative region in the future, owing to the high prevalence of Alzheimer’s in China. Other countries like India, Thailand, Singapore, and Taiwan have proven to be foremost medical tourism locations due to the low cost of surgery and the presence of highly efficient healthcare professionals.

Some leading players of the global brain implants market include St. Jude Medical, NDI Medical, Aleva Neurotherapeutics, Boston Scientific Corporation, Nevro Corporation, Medtronic, NeuroPace, Sapiens Neuro, Terumo Corporation, Medtronic, Edwards Lifesciences, Abiomed, and Cochlear Limited.

This report segments the global brain implants market as follows:

Global Brain Implants Market: Product Analysis

• Deep Brain Stimulator
• Spinal Cord Stimulator
• Vagus Nerve Stimulator

Global Brain Implants Market: Application Analysis

• Chronic Pain
• Epilepsy
• Parkinson’s Disease
• Depression
• Essential Tremor
• Alzheimer’s Disease

 Global Brain Implants Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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