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Global Cognitive Enhancement Wearable Technology Market: By Technology: Electroencephalogram (EEG), Transcranial Direct Current Stimulation (tDCS); By Device Type: By Type; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Cognitive Enhancement Wearable Technology Market Outlook

The global cognitive enhancement wearable technology market is expected to be driven by the wearable technology market which attained a value of USD 59 billion in 2020 and is further expected to grow in the forecast period of 2021-2026 at a CAGR of 17%.

 

North America Accounting for a Significant Share for Cognitive Enhancement Wearable Technology

The wearable technology for cognitive enhancement has North America as one of the largest market regions because of the active presence of major players in the United States. The people in the region also have high expenditure and awareness for new technological products. Europe is also one of the market leaders for cognitive enhance wearable technology industry. The reason is the high per capita income and growing geriatric population, which is susceptible to neurological disorders, lack of sleep, and weakened memory. The Asia Pacific region is also likely to register significant growth owing to its increasing population and economic development along with exposure to advanced technologies.

 

Cognitive Enhancement Wearable Technology: Industry Definition and Segmentation

Cognitive enhancement wearable technology devices refer to the equipment that can be worn in form of a cap, head set or band and aims at improving the brain functions such as attention, concentration, and information processing. The cognitive enhancement wearable technology can also be used for improving sleep quality, mood disorders, and general wellness.

On the basis of technology, industry is segmented into:

  • Electroencephalogram (EEG)
  • Transcranial Direct Current Stimulation (tDCS)
  • Others

Based on device type, the market is divided into:

  • Audio Headset
  • Head Bands
  • Head Cap
  • Others

The industry is classified on the grounds of type into:

  • Battery
  • Charge

The distribution channel for market is categorised into:

  • Offline
  • Online

The regional markets for cognitive enhancement wearable technology industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Neurological Disorders to Boost the Cognitive Enhancement Wearable Technology Demand

The wearable technology for cognitive enhancement has been aimed at improving the conditions for patients suffering from depression, sleep disorders, and anxiety. The neurological disorders have been rising rapidly in the recent years. The usage of neurological technology such as neuromodulation devices along with conventional therapies have been increasingly being suggested in the recent years which will drive the demand for cognitive enhancement wearable technology. The wearable technology for cognitive enhancement is also being propelled by the rising demand from sports industry as the new products claiming to improve the sport results have been launched. However, the ethical issues and lack of peer reviewed research results have been hampering the market growth.

 

Key Industry Players in the Cognitive Enhancement Wearable Technology Market

The report gives a detailed analysis of the following key players in the cognitive enhancement wearable technology market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Halo Neuro, Inc.
  • Sooma Oy
  • InteraXon Inc. (Muse)
  • Melomind
  • FocusBand Technologies
  • Neuro Management LLC
  • Others

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

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 Cognitive Enhancement Wearable Technology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cognitive Enhancement Wearable Technology Historical Market (2016-2020) 
    8.3    Global Cognitive Enhancement Wearable Technology Market Forecast (2021-2026)
    8.4    Global Cognitive Enhancement Wearable Technology Market by Technology
        8.4.1    Electroencephalogram (EEG)
            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    Transcranial Direct Current Stimulation (tDCS)
            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    Others
    8.5    Global Cognitive Enhancement Wearable Technology Market by Device Type
        8.5.1    Audio Headset
            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    Head bands
            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    Head Cap
            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    Others
    8.6    Global Cognitive Enhancement Wearable Technology Market by Type
        8.6.1    Battery
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Charge
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Cognitive Enhancement Wearable Technology Market by Distribution Channel
        8.7.1    Offline
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Online
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Cognitive Enhancement Wearable Technology Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    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    Halo Neuro, 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    Sooma Oy
            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    InteraXon Inc. (Muse) 
            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    Melomind
            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    FocusBand Technologies
            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    Neuro Management LLC. 
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Cognitive Enhancement Wearable Technology Market: Key Industry Highlights, 2016 and 2026
2.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Technology (USD Million), 2016-2020
3.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Technology (USD Million), 2021-2026
4.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Device Type (USD Million), 2016-2020
5.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Device Type (USD Million), 2021-2026
6.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Type (USD Million), 2016-2020
7.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Type (USD Million), 2021-2026
8.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
9.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
10.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Global Cognitive Enhancement Wearable Technology Market Structure

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