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Neuroprosthetics Market Size, Trends and Forecast 2023

Neuroprosthetics, also known as brain implants or neural implants, have added significant momentum in the past few years due to the massive potential to substitute any injured motor, sensory or cognitive functions. Neuroprosthetic devices improve or replace the function of the central nervous system when implanted in the human body and thus stimulate the function of an organ or organ system that has failed due to disease or injury. It is a brain-computer interface device used to detect and translate neural activity into command sequences for prostheses.

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The primary function of neuroprosthetics is to restore the functionality in patients suffering from loss of motor control such as amyotrophic lateral sclerosis, multiple sclerosis, spinal cord injury, and stroke. These devices are important to enhance the ‘quality-of-life’ of the affected patient population. Neuroprosthetics, as therapeutic modalities, are emerging as a promising opportunity in cases where all usual treatments fail to deliver results to cure the disease condition.

The global Neuroprosthetics market is segmented on the basis of applications, technology, types and geography.Mechanism of action (MOA) of neuroprosthetics differs as per underlying technologies. Hence on the basis of technology neuroprosthetics market is divided into vagus nerve stimulation (VNS), spinal cord stimulation (SCS), deep brain stimulation (DBS) and sacral nerve stimulation (SCS).  Sacral cord stimulation (SCS) is the fastest growing technology segment of neuroprosthetics. Several types of neuroprosthetics have been developed on the basis of application areas. Motor neuroprosthetics help in treatment of motor neuron disorders such as parkinson’s disease, epilepsy, cochlear implants or auditory neuroprosthetics. Retinal implants or visual neuroprosthetics; and cognitive neuroprosthetics help in treatment of alzheimer’s disease, and severe depression and are the fastest growing neuroprosthetics segment, due to increase in growth attribute of improving ‘quality-of-life’ of visually impaired patients. Furthermore, applications such as overactive bladder syndrome, parkinson’s disease and epilepsy are expected to contribute largely to the growth of the overall global neuroprosthetics market.

Geographically, the global neuroprosthetics market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America dominates the neuroprosthetics market due to growth in aging population, and increase in incidence of neurological disorders. Asia Pacific region is expected to display a high growth rate in the forecast period in the global neuroprosthetics market. India and China are the fastest growing markets in the Asia-Pacific region due to increasing awareness about the disease, large pool of patients, improving healthcare infrastructure, and expanding government funding in the region.

Rising prevalence of neurological diseases like traumatic stroke and Parkinson’s disease, brain injury, increase in ageing population, growing awareness about health care, rise in health care expenditure, rapid development of technology, and growing number of initiatives by various government associations and governments are some of the major factors driving growth of the global neuroprosthetics market. Factors such as reimbursement issues, high cost of procedures and adverse effects, however, are known to inhibit the growth of the global neuroprosthetics market. Modern self-charging neural implants that reduce the need for high cost surgery and increased risk to substitute the discharge battery and controlling machinery would help to develop opportunities for the growth of the global neuroprosthetics market.

Some of the key global participants present in the neuroprosthetics market include Cochlear Ltd., Boston Scientific Corporation, Cyberonics, Inc., Medtronic plc, NDI Medical LLC, NeuroPace, Inc., St. Jude Medical, Inc., Nervo Corp., Retina Implant AG, Biomet, Inc., and Sonova .

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Smart Connected Device Market – Global Industry Research Report

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Smart Connected Device Market“. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. A smart connected device refers to an electronic device which can be connected to other device via different protocols such as Wi-Fi, NFC and Bluetooth among others. These devices run on different operating system (OS) that allows the installation of various applications. The various applications of smart connected devices include e-book reading, games, news and weather information, navigation applications and social networking applications. Social networking applications allow user to connect with each other through cloud system or server based system. These systems enable the device to collaborate with social networking sites such as twitter, facebook and linked-in. Smart connected devices are one of the fastest growing segments in information technology industry.

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It includes devices such as tablets, desktops and portable PCs (personal computers), smart phones and other devices that offer the facility to connect by means of internet. Ubiquitous system devices are available in the three major forms namely boards, pads and tabs. Tabs include smartphones and smartcard among others. Boards include vertical smart boards and horizontal surface computers. Smart connected devices offer various features such as video calling, GPS navigation, web-browsing, music/video player, Wi-Fi and high resolution digital camera among others. These devices perform multiple tasks and offer various applications along with the connectivity feature. Increasing number of application launched by different players also enables the user to perform various functions.

Smart connected devices employ machine-to-machine communication technology and therefore enable the device to exchange information with other devices. These devices comprise of particular software and hardware components. Smart phones offer several features such as VoIP services. Among different connected devices, smart phonesand tablet are the fastest growing segment.

Rising demand for tablets and smart phones, bring-your-own-device policies and proliferation of advanced internet connection is driving the demand for smart connected devices. With the improved wireless connectivity technologies such as worldwide interoperability for microwave access (WiMax), general packet radio service (GPRS) and Wi-Fi, demand for smart connected devices is expected to rise over the forecast period.

Smart connected devices market can be segmented on the basis of device type, end-users and operating system. Different types of smart connected device available are smart phones, tablets, laptops and desktop PC. Smart connected has widespread applications across various commercial sectors. Different commercial sector includes retail, healthcare, hospitality and education. Operating systems used for these devices are android, iOS, Blackberry OS, Linux, Windows and Symbian among others. Among these operating systems android is the most popular operating system used in smartphones. There is huge demand for smart connected devices in region such as China and India.

Some of the key players in smart connected devices include Samsung Electronics Co. Ltd., Nokia Solutions Network, Sony Corporations, LG Corporation, HTC Corporation, Motorola Inc., Apple Inc., Micromax Mobile, Hewlett-Packard Company, Lenovo Group Ltd., Dell Inc., Blackberry Ltd., Gionee Communication Equipment Co. Ltd, ZTE Corporation, Videocon Industries Ltd and Acer Inc among others. Samsung Electronics Co. Ltd and Apple Inc. are some of the dominant players in the smart connected device market.

Download PDF: Smart Connected Device Market – Global Industry Analysis, Size, Trends And Forecast, 2014 – 2020

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include

  • North America

  • Asia Pacific

  • Europe

  • Rest of the World

This report provides comprehensive analysis of

  • Market growth drivers

  • Factors limiting market growth

  • Current market trends

  • Market structure

  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Plant Factory And Grow Lights Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019

A closed system of farming wherein a farmer or a farm technician attempts to achieve farm production under regulated conditions which have been created artificially is known as plant factory. Plant factories are generally used for the purpose of growing organic vegetables. This needs artificial control of temperature, light, carbon dioxide and moisture. Grow light is an artificial source of light which are designed to emit electromagnetic spectrum which is suitable for the photosynthesis purpose. Grow light is useful for warehouse food production. Visible light has a different spectrum as compared to grow light. The spectrum of grow lights can be optimized according to plant. The productivity of crops increases by a significant factor due to plant factory practice.

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Global market for plant factory and grow lights is estimated to grow at a significant rate. The demand for organic plants and vegetables has grown worldwide while the comparative supply has not been able to match the demand. This has led to the evolvement of the plant factory system which is an automated farm with advanced technologies and can produce 24 hours a day without depending upon climate. Plant factory market can be segmented into two categories, new plant factory construction market and plant factory products market. Highest growth rate is expected in North American countries, i.e. USA and Canada and European countries including UK, France and Germany.

The driving factors for plant factories and grow lights market are the increasing demand for the ability to grow food locally and consistently, paucity of space for farming especially in cities, and the need to increase the yield per unit area without harming the environment. Governments are also encouraging plant factories and grow lights for improving the production. The opportunities in this market are varied and can range from technological advancement in grow lights, combined use of natural lighting with artificial lighting, developing a solar power based plant factory to constructing multiple level plant factories which would further reduce space requirement.

Some of the major players in this market are APL engineered material, Daystar, Advanced lighting Technologies, Siemens Philips horticulture Lamps, General Electric, Hydrofarm, Iwasaki Electric, Sun System and Taiwan Floriculture Exports Association.

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include 

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of 

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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  • This report provides pin-point analysis for changing competitive dynamics
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  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future

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TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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