Brain Implants Market Future Scenario, Key Insights, Top Companies 2030

The brain implants market size is expected to grow from US$ 7,205.80 million in 2022 to US$ 17,647.65 million by 2030; it is estimated to record a CAGR of 11.8% during 2022 to 2030.

The brain implants market growth is attributed to the surging prevalence of neurological disorders with increasing geriatric population and rising number of spinal cord injuries.

Advancements in technology have led to the development of smaller, more compact brain implants, making them more suitable for noninvasive or minimally invasive surgical procedures. Improved electrode designs, advanced programming algorithms, 3D printing, brain-computer interfaces (BCI), motor neuron prostheses, self-charging implants, memory chips, and miniaturization are a few of the modern trends in the brain implants market, which are likely to improve the effectiveness of treatments.

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Analysis of the Top Market Players:
1. Boston Scientific Corp
2. Medtronic Plc
3. Functional Neuromodulation Ltd
4. Fisher Wallace Laboratories Inc.
5. Synchron Inc.
6. Blackrock Microsystems Inc
7. Renishaw Plc.
8. Abbott Laboratories
9. Neurospine LLC
10. CorTec GmbH

In this report, the market has been segmented on the basis of:

Treatment

• Deep Brain Stimulation
• Spinal Cord Stimulation
• Vagus Nerve Stimulator
• Invasive And Non-Invasive Brain-Computer Interface
• Responsive Neurostimulation For Seizures
• Auditory Brainstem Implant
• Ophthalmic Aid/Implant

Application

• Chronic Pain
• Parkinson's Disease
• Alzheimer's Disease
• Epilepsy, Essential Tremor
• Depression
• Dystonia
• Amyotrophic Lateral Sclerosis (ALS)
• Neurofibromatosis 2

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The integration of artificial intelligence (AI) and machine learning algorithms can further optimize the performance of brain implants by enabling personalized therapies and real-time adaptive stimulation. AI-powered neural implants have the potential to improve patients' quality of life, particularly those suffering from Alzheimer's disease. Recent research indicates that AI-powered brain-machine interfaces can effectively identify and track the progression of Alzheimer's, leading to earlier diagnosis and intervention. Innovations in BCI technology have provided new ways for communication and control for individuals with severe disabilities. BCIs can enable individuals with locked-in syndrome or spinal cord injuries to interact with their surroundings using their thoughts. These implants can decode neural signals and translate them into commands for external devices, such as prosthetic limbs or computer interfaces.

Europe is the second leading region in the market. In the region, Germany held the largest share of the market in 2022. According to a study published at Charité-Universitätsmedizin Berlin, titled "Deep brain stimulation for Parkinson's disease: new algorithm for the adjustment of stimulation settings developed," published in 2022, Parkinson's disease (PD) is the second most common neurodegenerative disease after Alzheimer's. ~400,000 people were affected by the disease in the country, and the numbers are increasing due to demographic aging. A growing number of people, including younger people, suffer from neurodegenerative diseases. As per DZNE, German Center for Neurodegenerative Diseases, over 2 million people have dementia or PD in the country. Brain implants have emerged as a potential treatment for PD. These implants, also known as deep brain stimulation (DBS), involve the surgical placement of electrodes in specific areas of the brain.

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