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Brain Implants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global brain implants market is expected to exhibit a CAGR of 9.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Brain implants are technological devices placed inside the human body to allow interaction with neurons. They are used in the deep brain stimulation (DBS) technique, which finds extensive application in the treatment of dystonia, tinnitus, epilepsy, Parkinson's disease, neuropathic pain, and obsessive-compulsive disorder (OCD). They are also utilized to rehabilitate the body after an injury, improve memory, and communicate with prosthetic limbs. Presently, brain implants find application in biomedical research to record the patterns of neural activity, understand brain functions, discover novel medical procedures, and improve the effectiveness of existing drugs.

A significant rise in the geriatric population and corresponding age-related neurological diseases are catalyzing the demand for brain implants across the globe. Additionally, the increasing prevalence of target diseases, such as Parkinson's disease, Alzheimer's, and epilepsy, is driving the market. Apart from this, as DBS stimulates dysfunctional parts of the brain, its application is expanding to enhance cognitive function among individuals who suffer from Tourette's syndrome and psychiatric disorders. Moreover, brain implants are being used in the treatment of people with paralysis. These implants stimulate the spinal cord, provide sensory feedback, and enable amputees to control the movement of hands, arms, and legs. Furthermore, scientists are developing carbon nanotubes and conventional silicone implants in the brain to help soldiers fight better under combat situations and allow athletes to focus on their sports. This is anticipated to drive the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global brain implants market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.

Breakup by Product:

  • Deep Brain Stimulators
  • Spinal Cord Stimulators
  • Vagus Nerve Stimulators
     

Breakup by Application:

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

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Aleva Neurotherapeutics SA, Boston Scientific Corporation, Cochlear Ltd., Edwards Lifesciences Corporation, Medtronic, Ndi Medical LLC, NeuroPace Inc., Nevro Corp., Synapse Biomedical Inc and Synchron Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Aleva Neurotherapeutics SA, Boston Scientific Corporation, Cochlear Ltd., Edwards Lifesciences Corporation, Medtronic, Ndi Medical LLC, NeuroPace Inc., Nevro Corp., Synapse Biomedical Inc and Synchron Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Brain Implants Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Deep Brain Stimulators
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Spinal Cord Stimulators
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Vagus Nerve Stimulators
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Chronic Pain
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Epilepsy
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Parkinson’s Disease
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Depression
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Essential Tremor
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Alzheimer’s Disease
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Abbott Laboratories
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Aleva Neurotherapeutics SA
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Boston Scientific Corporation
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Cochlear Ltd.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    Edwards Lifesciences Corporation
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Medtronic
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    Ndi Medical LLC
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    NeuroPace Inc.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    Nevro Corp.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
        13.3.10    Synapse Biomedical Inc.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    Synchron Inc.
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Brain Implants Market: Major Drivers and Challenges
Figure 2: Global: Brain Implants Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Brain Implants Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Brain Implants Market: Breakup by Product (in %), 2021
Figure 5: Global: Brain Implants Market: Breakup by Application (in %), 2021
Figure 6: Global: Brain Implants Market: Breakup by Region (in %), 2021
Figure 7: Global: Brain Implants (Deep Brain Stimulators) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Brain Implants (Deep Brain Stimulators) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Brain Implants (Spinal Cord Stimulators) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Brain Implants (Spinal Cord Stimulators) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Brain Implants (Vagus Nerve Stimulators) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Brain Implants (Vagus Nerve Stimulators) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Brain Implants (Chronic Pain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Brain Implants (Chronic Pain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Brain Implants (Epilepsy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Brain Implants (Epilepsy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Brain Implants (Parkinson’s Disease) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Brain Implants (Parkinson’s Disease) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Brain Implants (Depression) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Brain Implants (Depression) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Brain Implants (Essential Tremor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Brain Implants (Essential Tremor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Brain Implants (Alzheimer’s Disease) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Brain Implants (Alzheimer’s Disease) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Brain Implants Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Brain Implants Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Brain Implants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Brain Implants Industry: SWOT Analysis
Figure 75: Global: Brain Implants Industry: Value Chain Analysis
Figure 76: Global: Brain Implants Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Brain Implants Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Brain Implants Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Brain Implants Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Brain Implants Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Brain Implants Market: Competitive Structure
Table 6: Global: Brain Implants Market: Key Players


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Key Questions Answered in This Report

We expect the global brain implants market to exhibit a CAGR of 9.8% during 2022-2027.

The high prevalence of neurological diseases, along with the increasing utilization of brain implants to rehabilitate the patient’s body after an injury and communicate with prosthetic limbs, is primarily driving the global brain implants market.

The sudden outbreak of the COVID-19 pandemic had led to postponement of elective treatment of dystonia, tinnitus, epilepsy, etc., to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby limiting the demand for brain implants.

Based on the product, the global brain implants market has been segmented into deep brain stimulators, spinal cord stimulators, and vagus nerve stimulators. Currently, deep brain stimulators hold the majority of the total market share.

Based on the application, the global brain implants market can be divided into chronic pain, epilepsy, Parkinson’s disease, depression, essential tremor, and Alzheimer’s disease. Among these, chronic pain exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global brain implants market include Abbott Laboratories, Aleva Neurotherapeutics SA, Boston Scientific Corporation, Cochlear Ltd., Edwards Lifesciences Corporation, Medtronic, Ndi Medical LLC, NeuroPace Inc., Nevro Corp., Synapse Biomedical Inc, and Synchron Inc.

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