Asia Pacific Brain Computer Interface Market Size & Outlook
Asia Pacific brain computer interface market, 2018-2030 (US$M)
Asia Pacific brain computer interface market highlights
- The Asia Pacific brain computer interface market generated a revenue of USD 395.5 million in 2023.
- The market is expected to grow at a CAGR of 18.3% from 2024 to 2030.
- In terms of segment, invasive bci was the largest revenue generating product in 2023.
- Invasive BCI is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 395.5 million |
| Market revenue in 2030 | USD 1,278.7 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Invasive bci |
| Fastest growing segment | Invasive BCI |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Invasive BCI |
| Key market players worldwide | Natus Medical, Medtronic PLC, Brain Products, Integra Lifesciences Holdings Corp, Emotiv, Neuroelectrics, Ripple India |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.8% of the global brain computer interface market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,278.7 million by 2030.
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Brain Computer Interface Market Scope
Brain Computer Interface Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific brain computer interface market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to brain computer interface market will help companies and investors design strategic landscapes.
Invasive bci was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific brain computer interface market based on invasive bci covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific brain computer interface market is anticipated to witness significant growth over the forecast period, particularly in China and Japan. Significant unmet healthcare needs rise in healthcare expenditure and increase in awareness among patients are factors expected to drive demand for brain computer devices in the region.
Low-cost manufacturing sites and favorable taxation policies in the region have been successful in attracting foreign players in the growing market. Furthermore, increasing R&D has led to invention of numerous innovative products.
For instance, the Korea University, in August 2015, published a report on the use of the brain computer interface for lower limb movements. In addition, Japan's brain computer interface Lab Group a research institute, won the brain computer interface research award in 2014, emphasizing its role as a pioneer and innovator in this region.
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Our clientele includes a mix of brain computer interface market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific brain computer interface market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific brain computer interface market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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