Product Code: CMI4467
The global brain computer interface market is estimated to be valued at USD 2.10 Bn in 2024 and is expected to reach USD 5.31 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Figure 1. Brain Computer Interface Market Share (%), By Region, 2024
The global brain computer interface market is witnessing a phase of robust growth due to the rising prevalence of neurological disorders across the world. Brain computer interface technology offers novel solutions to communicate with external devices directly from the human brain. It detects signals from the brain and translates them into artificial output. The ability of BCIs to bypass motor pathways makes them viable options for patients suffering from motor neuron diseases and spinal cord injuries. Continuous technological advancements are expanding the scope of applications of BCIs. They are finding increasing usage in gaming and virtual reality systems. Furthermore, brain computer interface systems hold exciting prospects in restoring lost functions to paralyzed patients. Rising healthcare expenditures on chronic neurological conditions will further propel the demand for BCI devices in the coming years.
Market Dynamics:
The global brain computer interface market is driven by the growing geriatric population which is more susceptible to neurological disorders. Additionally, the rising incidence of road accidents, sports injuries, and wars increasing the number of spinal cord injury cases is also fueling the adoption of BCIs. However, high development costs and lack of expertise is restraining the widespread adoption of brain computer interface technology. On the positive side, ongoing research in neural engineering and sensor miniaturization is expected to make BCIs more affordable and user-friendly. Development of non-invasive dry-electrode BCIs offers lucrative business opportunities. Increasing application of BCIs for communication, gaming, and prosthesis control will further create growth opportunities for market players.
Key Features of the Study:
- This report provides in-depth analysis of the global brain computer interface market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031, considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global brain computer interface market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Natus Medical Inc, Cadwell Industries Inc, g.tec Medical Engineering GmbH, NeuroSky, OpenBCI, Advanced Brain Monitoring, Nihon Kohden Corporation, Emotiv, Neuroelectrics, Blackrock Microsystems LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global brain computer interface market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global brain computer interface market
Detailed Segmentation-
- By Product
- Invasive
- Non-invasive
- Semi-invasive
- By Application
- Prevention
- Detection and Diagnosis
- Rehabilitation and Restoration
- By End User
- Hospitals
- Academic & Research Institutes
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Advanced Brain Monitoring, Inc.
- Emotiv Systems Inc.
- NeuroSky, Inc.
- Blackrock Neurotech
- TEC MEDICAL ENGINEERING GMBH
- InteraXon Inc. (Muse)
- Compumedics Limited
- OpenBCI
- Natus Medical Incorporated
- Neuroelectrics
- Brain Products GmbH
- MindMaze SA
- ANT Neuro
- BrainCo, Inc.
- Cognionics, Inc.
- Cadwell Industries, Inc.
- Kernel
- Neurable
- NextMind
- Ripple NeuroBrain
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Brain Computer Interface Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Brain Computer Interface Market, By Product, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Invasive
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Non-invasive
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Semi-invasive
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Brain Computer Interface Market, By Application 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Prevention
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Detection and Diagnosis
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Rehabilitation and Restoration
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Brain Computer Interface Market, By End User, 2019 - 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Academic & Research Institutes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Brain Computer Interface Market, By Region, 2019 - 2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- Regional Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Company Profiles
- Advanced Brain Monitoring, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Emotiv Systems Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- NeuroSky, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Blackrock Neurotech
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- G.TEC MEDICAL ENGINEERING GMBH
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- InteraXon Inc. (Muse)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Compumedics Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- OpenBCI
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Natus Medical Incorporated
- Neuroelectrics
- Brain Products GmbH
- MindMaze SA
- ANT Neuro
- BrainCo, Inc.
- Cognionics, Inc.
- Cadwell Industries, Inc.
- Kernel
- Neurable
- NextMind
- Ripple NeuroBrain
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact