Latin America Brain Computer Interface Market Size & Outlook
Latin America brain computer interface market, 2018-2030 (US$M)
Latin America brain computer interface market highlights
- The Latin America brain computer interface market generated a revenue of USD 146.3 million in 2023.
- The market is expected to grow at a CAGR of 17.8% 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.
Latin America data book summary
| Market revenue in 2023 | USD 146.3 million |
| Market revenue in 2030 | USD 460.0 million |
| Growth rate | 17.8% (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, Latin America region accounted for 7.3% 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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Latin America 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 Latin America brain computer interface market based on invasive bci covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the primary region driving economic growth of Latin America. On the basis of estimates of the Economic Intelligence Unit (EIU), in 2013, healthcare spending in Latin America was reported to be higher than Asia, owing to growing focus on attaining universal health coverage.
Growing life expectancy, rising awareness about neurological disorders and increasing demand for early treatment of diseases, such as Parkinson, Alzheimer’s, depression, & epilepsy are some of the key factors expected to boost growth. In addition, these countries have well-established research relations with China and the European 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 Latin America brain computer interface market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America brain computer interface market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America brain computer interface market
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