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Posted by sara James on August 30, 2024 at 10:21am 0 Comments 0 Likes
The global Erectile Dysfunction Drugs Market size is expected to reach USD 4.90 billion by 2030, expanding at a CAGR of 9.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing prevalence of erectile dysfunction is expected to contribute to market growth. According to the European Association of Urology, the overall prevalence of ED was…
ContinueThe global Brain Computer Interface Market size is expected to reach USD 6.2 billion by 2030, expanding at a CAGR of 17.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Brain Computer Interface (BCI) is a revolutionary technology that facilitates direct contact between peripheral electronic devices calibrating the movement and a functional brain in physically challenged people. This system records the brain signal from the sensors that are placed over the scalp or devices implanted in the brain. Compumedics, in its annual report 2021, stated that it is demonstrating strong signs of growth in the future and is returning to its normal business after the COVID-19 pandemic.
It also stated that with the post-COVID-19 trends, such as high demand for eHealth and home-based healthcare services, the company is set to share many positive announcements in 2022. Hence, the market players are now moving toward positive growth post the pandemic. The market growth is anticipated to be driven by continuous developments in medical sensors and computational biology. In addition, increasing R&D pertinent to the development of treatment options for chronic conditions, such as cerebrovascular diseases, sleep disorders, brain disorders, and fatal injuries, is further contributing to the market growth.
Furthermore, growing R&D investments and the presence of government projects, such as DECODER (European project that used BCI to detect consciousness in non-responsive patients), coupled with the rising focus of major market players on emerging economies, such as Japan and China, are expected to propel market growth over the forecast period. The ongoing technological advancements in the field of virtual reality and increasing applications of BCI in the communication, gaming, and entertainment industry are some of the key contributors to the market growth. The technology encompasses a wide array of applications designed to revolutionize the communication, automation, security, and entertainment experience.
List of Key Players in Brain Computer Interface Market
Related Press Release@ Brain Computer Interface Market Report
Brain Computer Interface Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 2.3 billion |
Revenue forecast in 2030 |
USD 6.2 billion |
Growth rate |
CAGR of 17.8% from 2024 to 2030 |
Actual data |
2018 - 2023 |
Forecast period |
2024 - 2030 |
Inquire@ https://www.grandviewresearch.com/inquiry/1617/ibb
Brain Computer Interface Market Segmentation
Grand View Research has segmented the global brain computer interface market based on product, application, end use, and region:
Brain Computer Interface Product Outlook (Revenue, USD Million, 2018 - 2030)
Brain Computer Interface Application (Revenue, USD Million, 2018 - 2030)
Brain Computer Interface End Use Outlook (Revenue, USD Million, 2018 - 2030)
Brain Computer Interface Regional Outlook (Revenue, USD Million, 2018 - 2030)
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