Market growth influenced due to following factors-
- The increasing number of patients suffering from neurological disorders and nerve injury.
- Growing incidence of hearing loss, increasing cases of amputations due to the rising number of accidents & injuries.
Global market size-
According to research report global neuroprosthetics market is projected to reach USD 10.48 billion by 2022 from USD 5.84 billion in 2017, at a CAGR of 12.4%.
Some of the major players operating in the Neuroprosthetics Market are Boston Scientific (US), LivaNova (UK), Medtronic (US), Abbott (US), Cochlear (Australia), and Second sight (US).
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Geographic Overview -
Based on region, the neuroprosthetics market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2017, North America is expected to command the largest share of the neuroprosthetics market.