SAN FRANCISCO, February 15, 2018 /PRNewswire/ --
The global brain implants market size is anticipatedto reach USD 8.29 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 11.9% during the forecast period. Mounting cases of neurological disorders such as Parkinson's, Alzheimer's,
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Growing incidence of Parkinson's disease is boosting the demand for brain implants. These implants help in improving body movement and reduce the need for drugs. According to statistics presented by Parkinson's News Today, about 10 million people suffer from this disease globally. Cases of epilepsy are also increasing due to brain injuries, stroke, and unhealthy lifestyle. As per statistics by Forbes, nearly 3 million people were affected with epilepsy in U.S. in 2017. Demand for vagus nerve stimulators is on a sharp rise owing to its treatment benefits for epilepsy.
In addition, factors such as technological advancements in brain implants, along with rising disposable income in developed countries, are propelling market growth. The market is expected to witness lucrative growth over the coming years as a consequence of increasing number of research activities leading to technological breakthroughs. These include self-charging implants and memory chips, which are estimated to unfold tremendous growth opportunities over the forecast period.
Browse full research report with TOC on "Brain Implants Market Size Report By Product (Deep Brain Stimulator, Vagus Nerve Stimulator), By Application (Chronic Pain, Parkinson's, Epilepsy, Depression, Alzheimer's), And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/brain-implants-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global brain implants market on the basis of product, application, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/healthcare
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: email@example.com
SOURCE Grand View Research, Inc.
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