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Brain Computer Interface Market: Emergence of Advanced Technologies and Global Industry AnalysisThe increasing technological adoption of wearable medical devices is expected to positively support the market for brain computer interface (BCI) technology. The demand for BCI devices is expected to increase primarily in the health care and gaming and entertainment industries. Ageing induces brain-related disorders such as stroke, depression, and Parkinson’s disease. These disorders can be treated with the use of BCI devices. Therefore, the ageing population is one of the key drivers for the growth of the global BCI devices market. The revenue of the global BCI market stood at US$ 383.2 Mn in 2015; this is projected to expand at a CAGR of 14.9% during the forecast period (2016 to 2024) and reach a market size of US$ 1,232.6 Mn by 2024. Obtain Report Details @ https://www.transparencymarketresearch.com/brain-computer-interface-market.html The Europe BCI market is expected to expand at a CAGR of 14.0% over the forecast period from 2016 to 2024. Innovations in the BCI market are primarily introduced in North America and then in Rest of the World. Due to rapid population growth and rising disposable incomes, Asia Pacific is expected to remain a significant market for BCI devices in the coming years. Countries such as Japan, China, and South Korea are expected to witness the significant adoption of BCI devices. Rest of MEA and GCC countries are expected to be major contributors to the MEA BCI market during the coming years. The demand for electroencephalography (EEG) based devices is expected to remain significant in North America, Europe, and Asia Pacific. The health care and gaming and entertainment industries are expected make a major contribution to the growth of the BCI market in Latin America. Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4670 Noninvasive BCI devices would account for a significant market share among all other types throughout the forecast period. The application of BCI technology would be greater in the health care context, as a part of the treatment of brain-related disorders and diseases. The communication segment would account for the highest CAGR growth over forecast period until 2024 among all applications. BCI manufacturers are creating new technologies continuously in order to focus on user ergonomics and offer products that are highly compatible with different applications. In 2015, some of the key manufacturers of BCI technology were Emotiv Systems, Inc., Cadwell Industries, Inc., Nerusky, Inc., OpenBCI, Advanced Brain Monitoring, Inc., Artinis Medical Systems B.V., ANT Neuro B.V., Nihon Kohden Corporation, Blackrock Microsystems LLC, Elekta AB, NeuroPace Inc., and Mindmaze SA. As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |