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Report Overview
The global brain computer interface market was valued at USD 2.23 billion in 2023, driven by the rising prevalence of strokes across the globe. The market is further expected to grow at a CAGR of 16% in the forecast period of 2024-2032 to attain a value of USD 8.47 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Heightened Technological Advancements and the Growing Incidents of Neurodegenerative Conditions to Drive the Global Brain Computer Interface Industry
The brain computer interface industry is estimated to witness a significant growth in the forecast period due to the considerable investments being made in the research and development of BCI technology in multiple industry verticals. In addition, the rising problems of neurological illnesses around the globe are expected to provide a thrust to the overall growth of the market, as BCI technology offers potentially promising mechanisms that are expected to efficiently help in the rehabilitation and improvement of patients suffering from neurological disorders.
According to the Neurological Disorders Report published by the WHO in 2006, a 12% increase contributed by neurological disorders in the DALYs (disability-adjusted life years) is predicted in the year 2030, globally. Out of which, 66% increase is projected by Alzheimer's and Dementia cases between 2005 to 2030. DALYs are used to calculate the overall burden of disease by counting the number of years a person lost due to a disability, an illness, or early death.
Brain Computer Interface Market Report Snapshots
Brain Computer Interface Market Size
Brain Computer Interface Market Share
Brain Computer Interface Market Growth
Brain Computer Interface Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124