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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
Non-Invasive Segment to Account for a Substantial Market Share of the Global Brain Computer Interface Industry
Based on type, the non-invasive segment is predicted to hold a significant market share in the brain computer interface industry, owing to its feasibility in usage, as non-invasive BCI does not require a person to undergo surgery. These can be used in headsets and gaming sticks, among others. Meanwhile, in terms of application, the medical segment is estimated to make a considerable contribution to the overall growth of the global brain computer interface industry due to its increased research and development in the implementation of BCI mechanisms in helping patients with severe disorders such as Parkinson's, epilepsy, and Alzheimer's, among others.
North America to Occupy a Significant Market Share in the Global Brain Computer Interface Industry
North America is estimated to hold a substantial share of the brain computer interface industry in the forecast period. This growth can be attributed to the increased investments in the research and development of the BCI technology and several clinical trials being conducted in the region. This is due to the rising number of cases of neurological disorders in the region and a growing geriatric population, as most cases of a neurological disorders can be attributed to old age. According to the World Population Report issued by the UN in 2019, population ageing is expected to increase exceedingly in all parts of the world. The ratio in North America is expected to rise from 30 persons aged above 65 per 100 people in 2019 to 49 people aged above 65 per 100 people in 2050. Another factor influencing the market growth is the increasing demand for virtual and immersive gaming experiences through devices such as VR headsets.
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