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Global Cognitive Enhancement Wearable Technology Market to Grow at a CAGR of 17% During 2021-2026, Driven by Rising Research and Development Expenditure by Device Manufacturers

Cognitive Enhancement Wearable Technology Market

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 (2018-2028); 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 is further expected to grow in the forecast period of 2023-2028 at a CAGR of 17%.

 

Global Cognitive Enhancement Wearable Technology Market

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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: Market 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.

 

Global Cognitive Enhancement Wearable Technology Market by Device Type

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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.

 

Global Cognitive Enhancement Wearable Technology Market by Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Device Type, Type, Distribution Channel, Region
Breakup by Technology Electroencephalogram (EEG), Transcranial Direct Current Stimulation (tDCS), Others
Breakup by Device Type Audio Headset, Head bands, Head Cap, Others
Breakup by Type Battery, Charge
Breakup by Distribution Channel Offline, Online
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Halo Neuro, Inc., Sooma Oy, InteraXon Inc. (Muse), Melomind, FocusBand Technologies, Neuro Management LLC, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Cognitive Enhancement Wearable Technology Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Cognitive Enhancement Wearable Technology Historical Market (2018-2022) 
    8.3    Global Cognitive Enhancement Wearable Technology Market Forecast (2023-2028)
    8.4    Global Cognitive Enhancement Wearable Technology Market by Technology
        8.4.1    Electroencephalogram (EEG)
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Transcranial Direct Current Stimulation (tDCS)
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Others
    8.5    Global Cognitive Enhancement Wearable Technology Market by Device Type
        8.5.1    Audio Headset
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Head bands
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Head Cap
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Cognitive Enhancement Wearable Technology Market by Type
        8.6.1    Battery
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Charge
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Cognitive Enhancement Wearable Technology Market by Distribution Channel
        8.7.1    Offline
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Online
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
    8.8    Global Cognitive Enhancement Wearable Technology Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028) 
9    North America Cognitive Enhancement Wearable Technology Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Cognitive Enhancement Wearable Technology Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Cognitive Enhancement Wearable Technology Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Cognitive Enhancement Wearable  Technology Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Cognitive Enhancement Wearable Technology Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Halo Neuro, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Sooma Oy
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    InteraXon Inc. (Muse) 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Melomind
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    FocusBand Technologies
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Neuro Management LLC. 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Cognitive Enhancement Wearable Technology Market: Key Industry Highlights, 2018 and 2028
2.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Technology (USD Million), 2018-2022
3.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Technology (USD Million), 2023-2028
4.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Device Type (USD Million), 2018-2022
5.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Device Type (USD Million), 2023-2028
6.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Type (USD Million), 2018-2022
7.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Type (USD Million), 2023-2028
8.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10.    Global Cognitive Enhancement Wearable Technology Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Cognitive Enhancement Wearable Technology Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Cognitive Enhancement Wearable Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Cognitive Enhancement Wearable Technology Market Structure

Key Questions Answered in the Report

What is the growth rate of the global cognitive enhancement wearable technology market?

The global cognitive enhancement wearable technology market is expected to be driven by the wearable technology market, which is further projected to grow at a CAGR of 17% between 2023 and 2028.

What are the major industry drivers?

The major drivers of the market include the rising demand from sports industry, high per capita income, growing geriatric population, increasing population, economic development, and exposure to advanced technologies.

What are the key industry trends of the global cognitive enhancement wearable technology market?

The rapidly increasing neurological disorders and the increasing usage of neurological technology such as neuromodulation devices along with conventional therapies are the key industry trends propelling the market's growth.

What are the major regional markets of cognitive enhancement wearable technology, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What is the market division on the basis of technology?

On the basis of technology, industry is segmented into electroencephalogram (EEG) and transcranial direct current stimulation (tDCS), among others.

What are the different device types in the market?

Based on device type, the market is divided into audio headset, head bands, and head cap, among others.

Based on type, what is the market segmentation?

The industry is classified on the grounds of type into battery and charge.

What are the distribution channels of the market?

The distribution channel for market is categorised into offline and online.

Who are the key industry players, according to the report?

The major players in the industry are Halo Neuro, Inc., Sooma Oy, InteraXon Inc. (Muse), Melomind, FocusBand Technologies, and Neuro Management LLC., among others.

Analyst Review

The global cognitive enhancement wearable technology market was driven by the rapidly increasing neurological disorders in the historical period. Aided by the rising demand from sports industry and increasing usage of neurological technology, the wearable technology market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 17% thereby boosting the growth of global cognitive enhancement wearable technology market.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of technology, industry is segmented into electroencephalogram (EEG) and transcranial direct current stimulation (tDCS), among others. Based on device type, the market is divided into audio headset, head bands, and head cap, among others. The industry is classified on the grounds of type into battery and charge. The distribution channel for market is categorised into offline and online. The major regional markets for cognitive enhancement wearable technology are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Halo Neuro, Inc., Sooma Oy, InteraXon Inc. (Muse), Melomind, FocusBand Technologies, and Neuro Management LLC., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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