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NEUROPROSTHETICS

Global Market Trajectory & Analytics

MCP13580

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  •  DATE

    JULY 2020

  •  TABLES

    40

  •  PAGES

    114

  •  EDITION

    7

  •  PRICE

    USD $4950


COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Neuroprosthetics estimated at US$7.3 Billion in the year 2020, is projected to reach a revised size of US$15.8 Billion by 2027, growing at a CAGR of 11.7% over the analysis period 2020-2027.Cochlear Implants, one of the segments analyzed in the report, is projected to grow at a 11.6% CAGR to reach US$4.5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bionic Eye/Retinal Implants segment is readjusted to a revised 8.8% CAGR for the next 7-year period. This segment currently accounts for a 14% share of the global Neuroprosthetics market.
The Neuroprosthetics market in the U.S. is estimated at US$2.2 Billion in the year 2020. The country currently accounts for a 29.5% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2027 trailing a CAGR of 11.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the year 2027.
In the global Motor Prosthetics segment, USA, Canada, Japan, China and Europe will drive the 12.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$5.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027.We bring years of research experience to this 7th edition of our report. The 114-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Abbott Laboratories; Boston Scientific Corporation; Cochlear Ltd.; LivaNova PLC; Medtronic PLC; NDI Medical; NeuroPace, Inc.; Nevro Corp.; Retina Implant AG; Second Sight Medical Products, Inc.; Sonova Holding AG
» Type (Cochlear Implants, Bionic Eye/Retinal Implants, Motor Prosthetics, Cognitive Prosthetics)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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