Several Strategies by Key players is the Factor that Fuels the Global Neuroprosthetics Market

Published: Jul 2019

The global neuroprosthetics market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2022-2028). The key companies such as Abbott Laboratories, Boston Scientific Corporation, Cochlear Limited, Demant AS, LivaNova PLC, and others are operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. 

Browse the full report description of “Global Neuroprosthetics Market Size, Share & Trends Analysis Report by Type (Motor Prosthetics, Sensory Prosthetics, Cognitive Prosthetics, and Visual Prosthetics), by Treatment Technique (Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS), Sacral Nerve Stimulator (SNS), and Spinal Cord Stimulator (SCS) and by Application (Motor Disorder, Physiological Disorder, and Cognitive Disorder) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/neuroprosthetics-market

Hence owing to the development and manufacturing of innovative solutions the translucent concrete market is augmenting its growth over the forecast period. 

In August 2020, Medtronic plc, the manufacturer received the FDA approval for the InterStim Micro neurostimulator and InterStim SureScan MRI leads for the treatment of patients with bladder and bowel control conditions. 

In August 2020, Cochlear Ltd received US FDA approval for its new Cochlear Osia?2 System, an active osseointegrated steady-state implant (OSI) that comprises innovative sound magnets and magnetic attachments.

In March 2020, MED-El received the European Medical Device Regulation (MDR) certification. This certification has made MED-El one of the world’s first manufacturers to receive certification for medical devices of the highest risk class (Class III), Class III Implantable Custom-Made Devices, and Class I reusable surgical instruments.

In March 2020, Cochlear Limited received the approval from US FDA to lower the age of cochlear implantation from 12 months to 9 months for children with bilateral, profound sensorineural hearing loss.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Type

o By Treatment Technique

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including include Abbott Laboratories, Boston Scientific Corporation, BrainGate, Cochlear Ltd, Cyberonics Inc., Medtronics Inc., Livanova Plc, and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Neuroprosthetics Market Report Segment

By Type

Motor Prosthetics

Sensory Prosthetics

Cognitive Prosthetics

Visual Prosthetics

By Treatment Technique

Deep Brain Stimulation (DBS)

Vagus Nerve Stimulation (VNS)

Sacral Nerve Stimulator (SNS)

Spinal Cord Stimulator (SCS)

By Treatment Technique

Motor Disorder

Physiological Disorder

Cognitive Disorder

Global Neuroprosthetics Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/neuroprosthetics-market