Europe Neuroprosthetics Market By Type (Motor Prosthetics, Auditory Prosthetics, Cognitive Prosthetics , Visual Prosthetics), By Technology (Deep Brain Stimulation, Vagus Nerve Stimulation, Spinal Cord Stimulation, Sacral Nerve Stimulation), By Application (Motor Neuron Disorders, Physiological Disorders, Cognitive Disorders), By End-user (Hospitals, Clinics), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

Europe Neuroprosthetics Market By Type (Motor Prosthetics, Auditory Prosthetics, Cognitive Prosthetics , Visual Prosthetics), By Technology (Deep Brain Stimulation, Vagus Nerve Stimulation, Spinal Cord Stimulation, Sacral Nerve Stimulation), By Application (Motor Neuron Disorders, Physiological Disorders, Cognitive Disorders), By End-user (Hospitals, Clinics), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

ID: 8008 | Pages: 145 | October 2018 | Region: Europe


Europe Neuroprosthetics market size was around USD 1.74 Billion in 2017.It is expected to grow at a CAGR of 11.57% to reach 3.01 Billion by 2022.

Neural prosthetics are a class of gadgets that can substitute an engine, tangible or cognitive modality that might be affected due to an injury or an ailment. Cochlear implants are an illustration of such devices. These devices substitute the tasks performed by the ear drum and stapes while simulating the frequency analysis performed in the cochlea. The major purpose of neuroprosthetics is the recovery of a patient's engine capacities through the reclamation of the ones that are harmed.

Some of the key factors driving this market are rising elderly population, lower cost in comparison to conventional treatment methods, increasing cases of Epilepsy, and increasing awareness towards neural prosthetics.

With respect to type, the market is segmented into Motor Prosthetics, Auditory Prosthetics, Cognitive Prosthetics, and Visual Prosthetics. With respect to technology, the market is divided into Deep Brain Stimulation, Vagus Nerve Stimulation, Spinal Cord Stimulation, and Sacral Nerve Stimulation. By application, the market is categorised into Motor Neuron Disorders, Physiological disorders, and Cognitive Disorders. By end user, the market is divided into hospitals and clinics.

By geography, the market is segmented into UK, Spain, Germany, France and others. In Europe, the market is concentrated in UK and Germany. The market is expected to witness major growth owing to the presence of key players and increasing awareness towards neuroprosthetics.

Some of the major manufacturers of neuroprosthetics include Cochlear Ltd., Boston Scientific Corporation, Cyberonics Inc., Medtronic plc, NDI Medical LLC, NeuroPace Inc., St. Jude Medical Inc., Nervo Corp., Retina Implant AG, Biomet Inc., and Sonova.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Motor Prosthetic  

                                5.1.3 Auditory Prosthetics           

                                5.1.4 Visual Prosthetics 

                                5.1.5 Cognitive Prosthetics          

                                5.1.6  Y-o-Y Growth Analysis, By Type    

                                5.1.7  Market Attractiveness Analysis, By Type  

                                5.1.8  Market Share Analysis, By Type    

                5.2 Technology                 

                                5.2.1 Introduction           

                                5.2.2 Deep Brain Stimulation      

                                5.2.3 Vagus Nerve Stimulation  

                                5.2.5 Spinal Cord Stimulation      

                                5.2.6 Y-o-Y Growth Analysis, By Technology        

                                5.2.7 Market Attractiveness Analysis, By Technology      

                                5.2.8 Market Share Analysis, By Technology        

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Motor Neuron Disorders  

                                5.3.3 Physiological disorders       

                                5.3.4 Cognitive disorders             

                                5.3.7 Y-o-Y Growth Analysis, By Application         

                                5.3.8  Market Attractiveness Analysis, By Application      

                                5.3.9  Market Share Analysis, By Application       

                5.4 End-user                      

                                5.4.1 Introduction           

                                5.4.2 Hospitals  

                                5.4.3 Clinics        

                                5.4.7 Y-o-Y Growth Analysis, By End-user             

                                5.4.8  Market Attractiveness Analysis, By End-user          

                                5.4.9  Market Share Analysis, By End-user            

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Technology

                                                6.1.3.4 By Application

                                                6.1.3.5 By End-user

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Technology

                                                6.1.4.4 By Application

                                                6.1.4.5 By End-user

                                6.1.5  Market Share Analysis      

                                                6.1.5.2 By Type

                                                6.1.5.3 By Technolgy

                                                6.1.5.4 By Application

                                                6.1.5.5 By End-user

                6.2 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Cochlear Ltd                               

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Cochlear Ltd                               

                8.3 Boston Scientific Corporation                             

                8.4 Cyberonics Inc                           

                8.5 Medtronic plc                            

                8.6 NDI Medical LLC                        

                8.7 NeuroPace Inc                          

                8.8 St. Jude Medical Inc.                               

                8.9 Nervo Corp                 

                8.10 Retina Implant AG                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by technology and application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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