The Global Neuroprosthetics Market is estimated to register a CAGR of 12.5% from 2017 to 2025. Neuroprosthetic is a branch of neuroscience and biomedical engineering that us used to develop neural prostheses. These devices can substitute a sensory and motor modality that has been damaged due to a disease or an injury.
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Increasing incidence and prevalence of neurological diseases such as epilepsy, Parkinsons, Alzheimers, neuromuscular junction/muscles disorders, and hearing loss are the major factors attributing to the growth of the market. Growing geriatric population is expected to be one of the key driving factors as the group of population is more prone to neurodegenerative disorders.
The rising R&D investments for the development of technologically advanced products with effective treatment plans for neurological diseases are also expected to boost market growth. Moreover, increasing government initiative to improve healthcare conditions, availability of funds and research grants and advancement in technology is also contributing the market growth. However, reimbursement issues, adverse reactions as they increases risk of mortality and decreases usage rate, and high cost of product and therapy are restraining the market growth to some extent.
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Top Key Players Analyzed in Global Neuroprosthetics Market are –
- Boston Scientific
- Second Sight
- Retina Implant
- NDI Medical
Complete report on Neuroprosthetics Industry spread across 123 pages, profiling 12 companies and supported with tables and figures. Enquire for more at – https://www.orianresearch.com/discount/452570 .
Key Benefit Of This Report :
*This report examines market size and growth rate by 2025
*This report provides current market and future growth expectations
*Market drivers, challenges, opportunities and threats in Global Market
*Impacts of disruptive technologies and examine the changing competitive dynamics
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
*Examine forecast period using Porter?s five forces, supply chain and value chain analysis
*Data regarding companies and business decision by having complete insights on the market and creating in-depth analysis of market segments.
*Neuroprosthetics manufacturers and vendors
*Distributors and suppliers
*Market research and consulting companies
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Major Points Covered in Table of Contents:
- Executive Summary
- Demographic Overview
- Research Methodology
- Premium Insights
- Market Overview
- Market Factor Analysis
- Global Neuroprosthetics Market By Type
- Global Neuroprosthetics Market By Technique
- Global Neuroprosthetics Market By Application
- Global Neuroprosthetics Market By Region
- Market Trends & Competitve Analysis
- Company Profiles
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