Global Brain-Computer Interface Market Revenue & Growth Analysis Report 2019-2026

Global Brain-Computer Interface Market Revenue & Growth Analysis Report 20192026 The global brain-computer interface market size is expected to enlarge during the forecast period, 2019 - 2026. The brain-computer interface (BCI) is gaining a huge momentum and highly focuses on neurological applications. Electrophysiological signals are then converted by the BCI systems that are further used in the development of video games.

A brain computer interface is called as a brain machine interface which forms a direct communication path between brain and an explicit device. It is aimed at enhancing, assisting and repairing sensory-motor functions. The field has gained much momentum mostly in the field of neurology applications that point towards restoring damaged sight and movement. At present, use of state-of-the-art techniques for BCIs is in great demand all over the global market. It is an artificial intelligence system that determines a certain set of signal patterns in the brain along with five stages, namely signal acquisition, preprocessing, feature extraction, classification, and control interface.

Get a Sample Copy of This Report @ https://dataintelo.com/request-sample/?reportId=754 The neuroprosthetics is a field of neuroscience that pertains to neural prostheses implying use of artificial devices to replace the function of damaged sensory organs. Cochlear implant is a widely used neuroprosthetic device in the past years. At present, there are several neuroprosthetic devices that fulfils the objective of restoring vision alongwith retinal implants.

BCI technology has been a subject of high research for scientific investigation and addresses upon the complexity linked with understanding the scope of disorders and feasibility of treatments.

Furthermore, BCI research is an emerging field and has undergone radical changes in the past decades that pertains to engineering, computer science, psychology, physiology and rehabilitation. Subsequently, BCI technologies tend to follow varied protocols and a set of languages that creates clutters in the research phase. For instance, BCIs employ brain signals to

collect information based on user intent. Therefore, two types of brain activities can be possibly monitored, hemodynamic and electrophysiological. As most BCIs obtain the relevant information from the brain activity via electroencephalography that is broadly used in the neuroimaging domain.

The brain computer interface market is driven by technological advances in neurology. Increase in use of computation in the field of medical science and intensive research is anticipated to trigger the demand for BCI in the years to come. The ripple effects in the semiconductor technology enhance the market development. In addition, ongoing research and development within brain-computer interface systems is developing rapidly and mainly emphasized on neuroprosthetic applications. However, significant cost of treatment constricts the market growth throughout the forecast period.

Based on type, the brain computer interface market can be segmented into invasive, noninvasive, minimal invasive and partial invasive. Non-invasive practices are anticipated to gain a significant CAGR during the forecast period owing to rise in demand and popularity. Minimal invasive is expected to gain a high traction owing to rise in popularity and extensive R&D activities conducted.

Based on application category, the brain computer interface market can be segmented into gaming & entertainment and communication & smart home control. Gaming and entertainment is likely to have a high growth in 2018 and it is expected to gain a significant share in the years to come attributing to the popularity of gaming controls.

Based on geographical segmentation, the brain-computer interface market comprises North America, South America, Europe, Asia Pacific, Middle-East and Africa. Asia Pacific is anticipated to grow at a significant pace owing to medical transformation and innovative projects.

Technological availability and common platforms is anticipated to trigger the regional market in the forecast span.

North America and Europe continue to maintain a dominant position in the years to come owing to increase in use of neuroimaging modalities and rising cases of patients with brain disorders.

Availability of medical infrastructure and high government spending is anticipated to boost the growth of regional market. Moreover, ongoing research and development on micro-level followed by availability of funding influences the research activities in the years to come.

Some of the key players in the brain-computer interface market are Advanced Brain Monitoring Inc., Nihon Kohden Corporation, Mind Solutions Inc., OpenBCI, Cadwell Laboratories Inc., Cortech Solutions Inc., NeuroSky Inc., Emotive Inc., and Guger Technologies OEG. Trends and analysis pertaining to mergers and acquisitions, product launch and strategic collaborations are some of the identified growth strategies adopted by key players to strengthen their market position.