A cutting-edge device called neurotechnology is utilized to track brain activity. Utilizing electrical devices, this technology enhances, regulates, and repairs brain processes. The common design aims of neurotechnologies include using brain activity readings to control external devices, such as neuroprosthetics, and using neuromodulation to alter neural activity to restore neural functions damaged by neurological illnesses. Example of neurotechnologies contains visual stimulation based on optogenetics and phytopharmacology, deep brain stimulation, transcranial magnetic stimulation, and brain-computer interfaces, such cochlear implants and retinal implants. Neurological problems are treated with a variety of cutting-edge neurotechnologies, including brain mapping methods, innovative osteogenic implants, microfluidic technologies, and neuromodulation technologies.
Top Key Players Covered In Neurotechnology Market
General Electric Company (The U.S), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Toshiba Medical Systems Corporation (Japan), Shimadzu Corporation (Japan), Hitachi Medical Corporation (Japan), Elekta AB (Sweden), Tristan Technologies, Inc. (The U.S), Natus Medical Incorporated (The U.S), Magstim (UK), and other major players.
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Our Neurotechnology market report ensures accuracy by conducting a precise examination of the industry. We establish a robust foundation for our findings through extensive utilization of primary and secondary sources. To enhance the depth of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
By Type
- Neurostimulation
- Imaging Modalities
- Neurological Implants
- Cranial Surface Measurement
- Others
By Application
- Diagnostic Centers
- Ambulatory Surgical Centers
- Hospitals
- Clinics, Others
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Regional Analysis Of The Neurotechnology Market
North America is the dominating country in the neurotechnology market owing to the growing prevalence of neurological disorders. The rising aging population, unhealthy eating habits, and hectic lifestyles are the common causes of neurological disorders. According to Statista, 32.51 million people smoked cigarettes in 2020. Cigarette smoking is the major cause of neurological disorders. The following figure shows the number of Parkinson's disease deaths in the U.S. in 2020 by state.
Moreover, about 60,000 Americans are diagnosed with Parkinson’s disease. For the treatment of such neurological disorders, the demand for neurotechnology is increased from the hospital as well as diagnostic centers in this region. Therefore, the research center and governments of the various countries of this region increase their investment in the research and development activity of neurotechnology that supports the growth of the neurotechnology market over the forecast period.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
The global Neurotechnology market report includes a thorough examination of the topography. A thorough picture of the growth in sales in significant regional and national markets is given by this analysis. The study offers a comprehensive and precise volume analysis of each country in the worldwide Neurotechnology market in addition to a market size analysis of each region.
Key Industry Development In The Neurotechnology Market
In September 2021, Food and Drug Administration (FDA) Approves the Amplatzer Talisman Patent Foramen ovale (PFO) Occlusion System developed by Abbott for patients with recurrent ischemic stroke. This helps to develop the efficiency and effectiveness of the occlusion procedure in a faster and simpler manner.
In April 2022, Natus Medical Inc. is acquired by ArchiMed, a leading investment company for the healthcare industry for USD 1.2 billion. The purpose of the acquisition is to deliver valuable services to its customers.
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