Neuroprosthesis Market Drivers and Forecasts by 2031
Coverage: Neuroprosthesis Market covers analysis by Type (Input Neural Prosthetics and Output Neural Prosthetics), Technique (Deep Brain Stimulation, Sacral Nerve Stimulation, Spinal Cord Stimulation, Transcranial Magnetic Stimulation, and Vagus Nerve Stimulation), Application (Physiological Disorders, Cognitive Disorders and Motor Neuron Disorders), and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Jan 2026
- Report Code : TIPRE00003143
- Category : Life Sciences
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
Rise in the number of individuals suffering from neurological disorders and increasing incidence of amputations due to road accidents and injuries are expected to fuel the growth of the neuroprosthesis market during the forecast period. Moreover, increasing applications of neuroprosthesis is anticipated to offer significant growth opportunities in the market.
The "Global Neuroprosthesis Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global market with detailed market segmentation by type, technique, application, and geography. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neuroprosthesis market players and offers key trends and opportunities in the market.
The global neuroprosthesis market is segmented on the basis of type, technique and application. Based on type, the market is segmented as, input neural prosthetics and output neural prosthetics. The input neural prosthesis is further segmented as, retinal implants and cochlear implants. Similarly, output neural prosthesis is further classified as, motor prosthetics and cognitive prosthetics. Based on technique, the market is classified as, Deep brain stimulation, sacral nerve stimulation, spinal cord stimulation, transcranial magnetic stimulation, and vagus nerve stimulation. The neuroprosthesis market is segmented based on applications such as, physiological disorders, cognitive disorders and motor neuron disorders.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neuroprosthesis market based on type, technique and application. It also provides market size and forecast till 2031 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neuroprosthesis market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 counties globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the neuroprosthesis market in the coming years, due to increasing cases of neurological disorders in the region. Also, Asia Pacific is anticipated to witness steady growth during the forecast period, owing to the growing investment from the leading manufacturers in the growing economies of the region such as China and Japan.
The report analyzes factors affecting neuroprosthesis market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neuroprosthesis market in these regions.
The report also includes the profiles of key neuroprosthesis companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and technique offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the neuroprosthesis market include, Abbott, Boston Scientific Corporation, Cochlear Ltd., LivaNova PLC, MED EL, Medtronic, NeuroPace, Inc., Nevro Corp., Second Sight Medical Products, Inc., and Sonova among others. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Neuroprosthesis Market- By Type
1.3.2. Neuroprosthesis Market- By Technique
1.3.3. Neuroprosthesis Market- By Application
1.3.4. Neuroprosthesis Market- By Region
1.3.4.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEUROPROSTHESIS MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. NEUROPROSTHESIS MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. NEUROPROSTHESIS MARKET- GLOBAL ANALYSIS
6.1. NEUROPROSTHESIS MARKET - GLOBAL MARKET OVERVIEW
6.2. NEUROPROSTHESIS MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. NEUROPROSTHESIS MARKET REVENUE AND FORECASTS TO 2028 - BY TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. INPUT NEURAL PROSTHETICS MARKET
7.3.1. Overview
7.3.2. Input Neural Prosthetics Market Forecast and Analysis (US$ Mn)
7.3.3. Retinal Implants Market
7.3.3.1. Overview
7.3.3.2. Retinal Implants Market Forecast and Analysis (US$ Mn)
7.3.4. Cochlear Implants Market
7.3.4.1. Overview
7.3.4.2. Cochlear Implants Market Forecast and Analysis (US$ Mn)
7.4. OUTPUT NEURAL PROSTHETICS MARKET
7.4.1. Overview
7.4.2. Output Neural Prosthetics Market Forecast and Analysis (US$ Mn)
7.4.3. Motor Prosthetics Market
7.4.3.1. Overview
7.4.3.2. Motor Prosthetics Market Forecast and Analysis (US$ Mn)
7.4.4. Cognitive Prosthetics Market
7.4.4.1. Overview
7.4.4.2. Cognitive Prosthetics Market Forecast and Analysis (US$ Mn)
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8. NEUROPROSTHESIS MARKET REVENUE AND FORECASTS TO 2028 - BY TECHNIQUE
8.1. OVERVIEW
8.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. DEEP BRAIN STIMULATION MARKET
8.3.1. Overview
8.3.2. Deep Brain Stimulation Market Forecast and Analysis (US$ Mn)
8.4. SACRAL NERVE STIMULATION MARKET
8.4.1. Overview
8.4.2. Sacral Nerve Stimulation Market Forecast and Analysis (US$ Mn)
8.5. SPINAL CORD STIMULATION MARKET
8.5.1. Overview
8.5.2. Spinal Cord Stimulation Market Forecast and Analysis (US$ Mn)
8.6. TRANSCRANIAL MAGNETIC STIMULATION MARKET
8.6.1. Overview
8.6.2. Transcranial Magnetic Stimulation Market Forecast and Analysis (US$ Mn)
8.7. VAGUS NERVE STIMULATION MARKET
8.7.1. Overview
8.7.2. Vagus Nerve Stimulation Market Forecast and Analysis (US$ Mn)
9. NEUROPROSTHESIS MARKET REVENUE AND FORECASTS TO 2028 - BY APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PHYSIOLOGICAL DISORDERS MARKET
9.3.1. Overview
9.3.2. Physiological Disorders Market Forecast and Analysis (US$ Mn)
9.4. COGNITIVE DISORDERS MARKET
9.4.1. Overview
9.4.2. Cognitive Disorders Market Forecast and Analysis (US$ Mn)
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9.5. MOTOR NEURON DISORDERS MARKET
9.5.1. Overview
9.5.2. Motor Neuron Disorders Market Forecast and Analysis (US$ Mn)
10. NEUROPROSTHESIS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA NEUROPROSTHESIS MARKET
10.1.1. North America Neuroprosthesis Market Forecasts and Analysis (US$ Mn)
10.1.2. North America Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.2.1. North America Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.2.2. North America Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.3. North America Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.4. North America Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.1.5. North America Neuroprosthesis Market Forecasts and Analysis - By Country
10.1.6. US Market Overview
10.1.6.1. US Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.6.2. US Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.6.3. US Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.6.4. US Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.6.5. US Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.1.7. Canada Market Overview
10.1.7.1. Canada Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.7.2. Canada Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.7.3. Canada Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.7.4. Canada Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.7.5. Canada Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.1.8. Mexico Market Overview
10.1.8.1. Mexico Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.8.2. Mexico Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.8.3. Mexico Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.1.8.4. Mexico Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.1.8.5. Mexico Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.2. EUROPE NEUROPROSTHESIS MARKET
10.2.1. Europe Neuroprosthesis Market Forecasts and Analysis (US$ Mn)
10.2.2. Europe Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.2.1. Europe Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.2.2. Europe Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.3. Europe Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.4. Europe Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.2.5. Europe Neuroprosthesis Market Forecasts and Analysis - By Country
10.2.6. UK Market Overview
10.2.6.1. UK Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.6.2. UK Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.6.3. UK Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.6.4. UK Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.6.5. UK Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.2.7. Germany Market Overview
10.2.7.1. Germany Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.7.2. Germany Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.7.3. Germany Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.7.4. Germany Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.7.5. Germany Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.2.8. France Market Overview
10.2.8.1. France Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.8.2. France Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.8.3. France Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.8.4. France Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.8.5. France Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.2.9. Italy Market Overview
10.2.9.1. Italy Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.9.2. Italy Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.9.3. Italy Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.9.4. Italy Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.9.5. Italy Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.2.10. Spain Market Overview
10.2.10.1. Spain Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.10.2. Spain Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.10.3. Spain Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.2.10.4. Spain Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.2.10.5. Spain Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.3. ASIA PACIFIC NEUROPROSTHESIS MARKET
10.3.1. Asia Pacific Neuroprosthesis Market Forecasts and Analysis (US$ Mn)
10.3.2. Asia Pacific Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.2.1. Asia Pacific Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.2.2. Asia Pacific Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.3. Asia Pacific Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.4. Asia Pacific Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.3.5. Asia Pacific Neuroprosthesis Market Forecasts and Analysis - By Country
10.3.6. Japan Market Overview
10.3.6.1. Japan Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.6.2. Japan Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.6.3. Japan Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.6.4. Japan Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.6.5. Japan Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
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10.3.7. China Market Overview
10.3.7.1. China Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.7.2. China Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.7.3. China Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.7.4. China Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.7.5. China Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.3.8. India Market Overview
10.3.8.1. India Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.8.2. India Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.8.3. India Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.8.4. India Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.8.5. India Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.3.9. Australia Market Overview
10.3.9.1. Australia Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.9.2. Australia Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.9.3. Australia Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.9.4. Australia Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.9.5. Australia Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.3.10. South Korea Market Overview
10.3.10.1. South Korea Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.10.2. South Korea Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.10.3. South Korea Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.3.10.4. South Korea Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.3.10.5. South Korea Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.4. MIDDLE EAST & AFRICA (MEA) NEUROPROSTHESIS MARKET
10.4.1. Middle East & Africa (MEA) Neuroprosthesis Market Forecasts and Analysis (US$ Mn)
10.4.2. Middle East & Africa (MEA) Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.2.1. Middle East & Africa (MEA) Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.2.2. Middle East & Africa (MEA) Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.3. Middle East & Africa (MEA) Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.4. Middle East & Africa (MEA) Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.4.5. Middle East & Africa (MEA) Neuroprosthesis Market Forecasts and Analysis - By Country
10.4.6. South Africa Market Overview
10.4.6.1. South Africa Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.6.2. South Africa Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.6.3. South Africa Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.6.4. South Africa Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.6.5. South Africa Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.4.7. Saudi Arabia Market Overview
10.4.7.1. Saudi Arabia Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.7.2. Saudi Arabia Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.7.3. Saudi Arabia Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.7.4. Saudi Arabia Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.7.5. Saudi Arabia Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.4.8. UAE Market Overview
10.4.8.1. UAE Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.8.2. UAE Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.8.3. UAE Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.4.8.4. UAE Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.4.8.5. UAE Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.5. SOUTH AND CENTRAL AMERICA NEUROPROSTHESIS MARKET
10.5.1. South and Central America Neuroprosthesis Market Forecasts and Analysis (US$ Mn)
10.5.2. South and Central America Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.2.1. South and Central America Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.2.2. South and Central America Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.3. South and Central America Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.5.4. South and Central America Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.5.5. South and Central America Neuroprosthesis Market Forecasts and Analysis - By Country
10.5.6. Argentina Market Overview
10.5.6.1. Argentina Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.6.2. Argentina Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.6.3. Argentina Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.6.4. Argentina Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.5.6.5. Argentina Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
10.5.7. Brazil Market Overview
10.5.7.1. Brazil Neuroprosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.7.2. Brazil Input Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.7.3. Brazil Output Neural Prosthesis Market Forecasts and Analysis - By Type (US$ Mn)
10.5.7.4. Brazil Neuroprosthesis Market Forecasts and Analysis - By Technique (US$ Mn)
10.5.7.5. Brazil Neuroprosthesis Market Forecasts and Analysis - By Application (US$ Mn)
11. INDUSTRY LANDSCAPE
1.1. ORGANIC GROWTH STRATEGIES
1.1.1. New Product Launches
1.1.2. Marketing & Promotional Activities
1.2. INORGANIC GROWTH STRATEGIES
1.2.1. Partnerships, Collaborations, and Joint Ventures
1.2.2. Mergers & Acquisitions
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12. NEUROPROSTHESIS MARKET, KEY COMPANY PROFILES
12.1. ABBOTT
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BOSTON SCIENTIFIC CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COCHLEAR LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. LIVANOVA PLC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. SWOT Analysis
12.4.6. Key Developments
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12.5. MED EL
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MEDTRONIC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NEUROPACE, INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NEVRO CORP.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SECOND SIGHT MEDICAL PRODUCTS, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SONOVA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
NOTE:
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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