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Brain computer interface (BCI), also known as brain machine interface (BMI), are used widely in medical research, mapping, assisting, augmenting, or repairing human cognitive or sensory-motor functions. The technology nowadays is being incorporated into the treatment of many patients suffering from cognitive or physical impairments. In elderly citizens, BCI is used to training their motor/cognitive abilities for preventing the ageing effects and also to provide a quality life to the elderly.
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Global Brain Computer Interface (BCI) Market to Grow on Account of Growing Research and Developments in the Field of Healthcare; Market to Grow with a CAGR of 12.54% During 2021- 2030 Kenneth Research has released a report titled “Brain Computer Interface (BCI) Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzingparameterssuchasindustrygrowthdrivers,restraints,supplyand demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of themarket. The current health expenditure as a share of GDP grew from 9.418% in the year 2013 to 9.858% in the year 2018, according to the statistics by the WorldBank. Get a Sample Copy of this Report with Graphs and Charts - https://www.kennethresearch.com/sample-request-10352280 The statistics portray the growing expenditure on healthcare around the globe which is one of the major factors supporting the increase in research and developments in the field of healthcare. Over the past few years, the demand for advanced diagnostic devices, medical equipment, and treatment solutions are being developed that can help patients recover early or help to lead a quality life. Brain computer interface is a technology thatscans the
electric signals of the brain and is quite often in the field of neuroscience to treat patients suffering from neurological diseases. In aged people, who cannot communicate due to such diseases, the BCT devices can help in leading a quality life, which is expected to boost the marketgrowth. Theglobalbraincomputerinterface(BCI)marketisanticipatedtogrowwith a CAGR of 12.54% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 4483.93 Million by the end of 2030, up from a revenue of USD 1466.76 Million in the year 2020. The market is segmentedbyapplicationintomedical,games&entertainment,smarthome control, communication & control, military & defense, educational & self- regulation,andothers.Bytheendof2030,themedicalsegmentisprojected to display the largest revenue of USD 3401.06 Million, up from a revenue of USD 1014.39 Million in the year 2020. By region, the global brain computer interface (BCI) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America, amongst all the other regions, is anticipated to garner the largest revenue of USD 1726.31Millionbytheendof2030,upfromarevenueofUSD648.41Million in the year 2020. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,Hungary,Belgium,Netherlands&Luxembourg,NORDIC[Finland,
Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia,NewZealand,RestofAsia-Pacific),MiddleEastandAfrica(Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the researchreport. However,thehighimplementationcostsofthetechnologyisoneofthemajor factors predicted to hinder the marketgrowth. Thisreportalsoprovidestheexistingcompetitivescenarioofsomeofthekey players of the global brain computer interface (BCI) market, which includes company profiling of NextMind SAS, Blackrock Neurotech, Advanced Brain Monitoring, Inc., NIHON KOHDEN CORPORATION, g.tec medical engineering GmbH, Natus Medical Incorporated, Cadwell Industries Inc., OpenBCI, Inc., Cortech Solutions, Inc., NeuroSky, Inc., EMOTIV, Inc., Integra LifeSciences Corporation, and others. The profiling enfolds key information of the companies which comprises of businessoverview,productsandservices,keyfinancialsandrecentnewsand developments.Conclusively,thereporttitled“BrainComputerInterface (BCI) Market: Global Demand Analysis & OpportunityOutlook
2030”, analyses the overall global brain computer interface (BCI) industry to help new entrants to understand the details of the market. In addition to that,thisreportalsoguidesexistingplayerslookingforexpansionandmajor investorslookingforinvestmentintheglobalbraincomputerinterface(BCI) market in the near future. Get a Sample Copy of this Report with Graphs and Charts - https://www.kennethresearch.com/sample-request-10352280 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, providedarightguidanceatarighttimeisavailablethroughstrategicminds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for moreInfo: AJDaniel Email: sales@kennethresearch.com U.S. Phone: +1 313 4620609