Brain Computer Interface Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

NEW YORK, Aug. 31, 2016 /PRNewswire/ -- A brain computer interface (BCI) device provides collaboration between the brain and an external device by interpreting electrical signals received from the brain. The global BCI market is segmented on the basis of type, technology, application, and geography. The type segmentation comprises invasive, partially invasive, and noninvasive BCI devices. Invasive BCI devices have electrodes or plates that penetrate the skull and touch the gray matter of the brain. Partially invasive BCI devices penetrate the skull, but rest outside the gray matter of the brain. The revenue of each type segment is included in the technology segmentation covered in the report.

The technology segmentation covers electroencephalography (EEG), electrocorticography (ECOG), near-infrared spectroscopy (NIRS), functional magnetic resonance imaging (fMRI), and magnetoencephalography (MEG). This detailed segmentation provides upcoming trends in the market according to technological evolution in BCI. The demand for fMRI and MEG is expected to increase gradually in the coming years owing to the high cost of installation. However, the demand for EEG and NIRS is expected to increase due to rising demand for wearable BCI devices.

Based on geographical regions, the report segments the global BCI market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, which are analyzed in terms of revenue and volume generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into EU7, Commonwalth of Independent States (CIS), and Rest of Europe. Asia Pacific is subdivided into Japan, China, South Asia, Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into Gulf Cooperation Council (GCC) countries, South Africa, and Rest of MEA, while Latin America is subdivided into Brazil and Rest of Latin America.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brain-computer-interface-market---global-industry-analysis-size-share-growth-trends-and-forecast-2016---2024-300321083.html

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