1 / 5

Demand for Brain Implants Shooting Up in Aging World

With the surging geriatric population in several countries, on account of the falling death rates and increasing life expectancy of people, the demand for brain implants is growing rapidly across the world. As per the findings of the United Nations (UN), the share of people aged 65 years and above in the global population increased from 6% in 1990 to 9% in 2019. Furthermore, the share will to rise to 16% by 2050, as per the estimates of the UN.

psmarketresearch2017
Download Presentation

Demand for Brain Implants Shooting Up in Aging World

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Brain Implant Market Revenue To Surpass $9.0 Billion by 2030 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  2. The global brain implant market revenue stood at $4.5 billion in 2020, and it is predicted to rise to $9.5 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will exhibit rapid expansion during 2021–2030 (forecast period). The major factors fueling the growth of the market are the rising prevalence of neurological diseases, such as Parkinson’s, epilepsy, essential tremors, andAlzheimer’s, increasing healthcare expenditure, surging population of geriatric people, and growing incidence of depression across the world. With the falling death rates and increasing life expectancy, the population of geriatric people is rising sharply all over the world. According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. Moreover, the share of geriatric people in the global population is expected to surge from 9% in 2019 to around 16% by 2050. Geriatric people need extensive care as they are highly vulnerable to neurological diseases and depression and thus, their growing population is fueling the demand for brain implants. The other major brain implant market driver is the rising public awareness about neurological diseases and their treatment procedures around the world. Owing to the measures taken by various private and public organizations, the public awareness of mental illnesses has surged sharply over the last few years. The World Health Organization (WHO) has declared October 10th as the World Mental Health Day to raise public awareness about various mental illnesses, provide mental healthcare services, and reduce the stigma associated with these diseases. To receive free sample pages of this report @ https://www.psmarketresearch.com/market- analysis/brain-implant-market-outlook/report-sample Similarly, the National Alliance on Mental Illness (NAMI), which is a mental health organization based in the U.S. and supports treatment, research, and campaigns aimed at raising public awareness about mental diseases, was founded in 1979 in order to improve the lives of those suffering from various mental health conditions. Depending on type, the brain implant market is divided into spinal cord simulation, vagus nerve stimulation, and deep brain stimulation. Out of these, the deep brain stimulation category is predicted to dominate the market in the coming years. This is attributed to the various benefits of deep brain stimulation, such as reduction in slowness, walking difficulties, and stiffness, on account of neurological diseases, such as essential tremors and dystonia. Geographically, 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  3. North America contributed the highest revenue to the brain implant market in the past. This was because of the surging geriatric population, rapid technological advancements and innovations, existence of several major players, and increasing number of product launches in the region. Additionally, the growing incidence of neurological diseases is also pushing up the demand for brain implants in the region. Hence, it can be said without hesitation that the sales of brain implants will soar in the coming years, primarily because of the rising incidence of neurological diseases and ballooning population of geriatric people all over the world. Market Size Breakdown by Segment The global brain implant market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030. Based on Type  Deep Brain Stimulation Spinal Cord Stimulation Vagus Nerve Stimulation Based on Application    Chronic Pain Epilepsy Parkinson’s Disease Depression Essential Tremor Alzheimer’s Disease Geographical Analysis       North America oU.S. oCanada  Europe oGermany oFrance oU.K. oItaly oSpain  Asia-Pacific (APAC) 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  4. oJapan oChina oIndia oAustralia oSouth Korea  Latin America (LATAM) oBrazil oMexico  Middle East and Africa (MEA) oSaudi Arabia oSouth Africa 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

More Related