Below are some of the key findings from the brain implants market research report:
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Global brain implants industry overview
The increase in the launch of approved brain implant products will drive the global brain implants market growth during the forecast period. With the market being intensely competitive, vendors are focused on introducing new products to differentiate their portfolio. These new products offer improvements in battery life, device size, and ease of control. Along with the launch of new products, companies are also working towards developing partnerships with various university hospitals that can help in the implementation of devices. Several new products from various vendors are in line for approval which will boost the growth of the brain implants market.
The introduction of brain implants with high-end technology is one of the key brain implants market trends that will further stimulate market growth. Brain implants have a limited lifespan as a result of which they need to be removed and replanted post fine tuning and changing of batteries. This increases the cost for patients, and also leads to risks during additional surgeries. Research on developing self-tuning implants will lead to the launch of better products. The brain implants market forecast report predicts the market to grow at a CAGR of over 7% during the forecast period.
Top brain implants companies covered in this market research report
The brain implants market is moderately concentrated and in the growth phase. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this brain implants industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Abbott
- Boston Scientific
- LivaNova
- Medtronic
Brain implants market segmentation based on geographic regions
- Americas
- APAC
- EMEA
Global brain implants market analysis reveals that the Americas will lead the brain implants market share throughout the forecast period. The APAC region will account for the highest incremental growth over the forecast period.
Brain implants market segmentation based on product
- SCS system
- DBS system
- VNS system
The SCS system will dominate the brain implants market share during the forecast period. DBS systems will account for the highest brain implants market growth driven by technological advancements improving the life of these systems. Additionally, the report also provides an accurate prediction of the contribution of all the various products segments to the growth of the brain implants market size.
Key highlights of the global brain implants market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the brain implants market during the next five years
- Precise estimation of the global brain implants market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the brain implants industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of brain implants companies
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