
The global brain implants market size is expected to reach USD 9.21 billion by 2028, according to a new study by Polaris Market Research. The report “Brain Implants Market Share, Size, Trends, Industry Analysis Report, By Product (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators); By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Brain implants, also known as neural implants, are used in the electrical stimulation of the nervous system. There are many kinds of brain implants such as deep brain stimulator, spinal cord stimulator, and vagus nerve stimulator and all these devices have applications in the treatment of Alzheimer’s disease, Parkinson’s disease, epilepsy, and chronic pain.
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In March 2021, INBRAIN Neuroelectronics, a bioelectronics company that develops graphene brain implant technology has raised the funding of €14.35m for conducting a test of this technology in humans. Nanoscale graphene electrode has the ability to reach a single-neuron resolution.
Similarly, a team of Waterford-based researchers received €4.4m in EU funding in February 2021 to develop an innovative living brain implant that can suppress epilepsy seizures by sensing seizures before it happens in the patients.
Market Participants operating in the market include Boston Scientific Corporation, Medtronic, NeuroPace, Inc., Synapse Biomedical Inc., St. Jude Medical (Abbott), Nevro Corporation, and Aleva Neurotherapeutics SA are some of the key players operating in the global market.
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Polaris Market Research has segmented the brain implants market report on the basis of product, application, and region:
Brain Implants, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Deep Brain Stimulators
- Spinal Cord Stimulators
- Vagus Nerve Stimulators
Brain Implants, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Chronic Pain
- Epilepsy
- Parkinson’s Disease
- Depression
- Essential Tremor
- Alzheimer’s Disease
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