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Global Brain Computer Interface Market: By Type: Invasive, Non-Invasive, Partially Invasive; By Application: Healthcare, Communication and Control, Gaming and Entertainment, Smart Home Control; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Brain Computer Interface Market Outlook

The global brain computer interface market stood at a value of around USD 1.43 billion in 2020. The market is further expected to grow at a CAGR of 16% in the forecast period of 2021-2026 to attain a value of USD 3.39 billion by 2026.

 

Non-Invasive Segment to Account for a Substantial Market Share of the Global Brain Computer Interface Industry

Based on type, the non-invasive segment is predicted to hold a significant market share in the brain computer interface industry, owing to its feasibility in usage, as non-invasive BCI does not require a person to undergo surgery. These can be used in headsets and gaming sticks, among others. Meanwhile, in terms of application, the medical segment is estimated to make a considerable contribution to the overall growth of the global brain computer interface industry due to its increased research and development in the implementation of BCI mechanisms in helping patients with severe disorders such as Parkinson's, epilepsy, and Alzheimer's, among others.

 

Global Brain Computer Interface Market

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North America to Occupy a Significant Market Share in the Global Brain Computer Interface Industry

North America is estimated to hold a substantial share of the brain computer interface industry in the forecast period. This growth can be attributed to the increased investments in the research and development of the BCI technology and several clinical trials being conducted in the region. This is due to the rising number of cases of neurological disorders in the region and a growing geriatric population, as most cases of a neurological disorders can be attributed to old age. According to the World Population Report issued by the UN in 2019, population ageing is expected to increase exceedingly in all parts of the world. The ratio in North America is expected to rise from 30 persons aged above 65 per 100 people in 2019 to 49 people aged above 65 per 100 people in 2050. Another factor influencing the market growth is the increasing demand for virtual and immersive gaming experiences through devices such as VR headsets.

 

Brain Computer Interface: Industry Definition and Segmentation

The brain computer interface (BCI) technology allows people to interact with digital devices through their brain activity. BCI analyses and measures brain activity, that is, the electrical signals in the brain from the electrodes present on the scalp, on the cortex or on the cortical surface, to derive inputs, which are then translated into commands and sent to the devices that carry out those commands. This is a beneficial mechanism for people with neuromuscular disabilities such as cerebral palsy and any spinal cord injury and also helps in rehabilitating patients who suffered a stroke. Multiple benefits associated with BCI include the ability to restore lost functions such as movement and the ability to enhance human functioning, like warning a sleepy driver to stay awake while driving. Some other uses of BCI include improving the gaming experience through VR (virtual reality) sets.

By type, the market is categorised into:

  • Invasive
  • Non-Invasive
  • Partially Invasive

On the basis of application, the market can be segmented into:

  • Healthcare
  • Communication and Control
  • Gaming and Entertainment
  • Smart Home Control
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Heightened Technological Advancements and the Growing Incidents of Neurodegenerative Conditions to Drive the Global Brain Computer Interface Industry

The brain computer interface industry is estimated to witness a significant growth in the forecast period due to the considerable investments being made in the research and development of BCI technology in multiple industry verticals. In addition, the rising problems of neurological illnesses around the globe are expected to provide a thrust to the overall growth of the market, as BCI technology offers potentially promising mechanisms that are expected to efficiently help in the rehabilitation and improvement of patients suffering from neurological disorders.

According to the Neurological Disorders Report published by the WHO in 2006, a 12% increase contributed by neurological disorders in the DALYs (disability-adjusted life years) is predicted in the year 2030, globally. Out of which, 66% increase is projected by Alzheimer's and Dementia cases between 2005 to 2030. DALYs are used to calculate the overall burden of disease by counting the number of years a person lost due to a disability, an illness, or early death.

 

Key Industry Players in the Global Brain Computer Interface Market

The report gives a detailed analysis of the following key players in the global brain computer interface market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Advanced Brain Monitoring, Inc.
  • CorTec GmbH
  • EMOTIV, Inc.
  • Natus Medical Incorporated
  • g.tec medical engineering GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Invasive, Non-Invasive, Partially Invasive
Breakup by Application Healthcare, Communication and Control, Gaming and Entertainment, Smart Home Control, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Advanced Brain Monitoring, Inc., CorTec GmbH, EMOTIV, Inc., Natus Medical Incorporated, g.tec medical engineering GmbH, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Brain Computer Interface Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Brain Computer Interface Historical Market (2016-2020) 
    8.3    Global Brain Computer Interface Market Forecast (2021-2026)
    8.4    Global Brain Computer Interface Market by Type
        8.4.1    Invasive
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Non-Invasive
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Partially Invasive
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Brain Computer Interface Market by Application
        8.5.1    Healthcare
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Communication and Control
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Gaming and Entertainment
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Smart Home Control
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Brain Computer Interface Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis 
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Advanced Brain Monitoring, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    CorTec GmbH
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    EMOTIV, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Natus Medical Incorporated
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    g.tec medical engineering GmbH
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Brain Computer Interface Market: Key Industry Highlights, 2016 and 2026
2.    Global Brain Computer Interface Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Brain Computer Interface Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Brain Computer Interface Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Brain Computer Interface Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Brain Computer Interface Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Brain Computer Interface Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Brain Computer Interface Market Structure

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