Canada Neuroprosthetics Market Size & Outlook, 2025-2030

The neuroprosthetics market in Canada is expected to reach a projected revenue of US$ 2,121.7 million by 2030. A compound annual growth rate of 15.6% is expected of Canada neuroprosthetics market from 2025 to 2030.
Revenue, 2024 (US$M)
$891.1
Forecast, 2030 (US$M)
$2,121.7
CAGR, 2025 - 2030
15.6%
Report Coverage
Canada

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Canada neuroprosthetics market, 2018-2030 (US$M)

Canada neuroprosthetics market, 2018-2030 (US$M)

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Canada neuroprosthetics market highlights

  • The Canada neuroprosthetics market generated a revenue of USD 774.7 million in 2023 and is expected to reach USD 2,121.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 15.6% from 2024 to 2030.
  • In terms of segment, motor prosthetics was the largest revenue generating type in 2023.
  • Retinal Implants is the most lucrative type segment registering the fastest growth during the forecast period.


Neuroprosthetics market data book summary

Market revenue in 2023USD 774.7 million
Market revenue in 2030USD 2,121.7 million
Growth rate15.6% (CAGR from 2024 to 2030)
Largest segmentMotor prosthetics
Fastest growing segmentRetinal Implants
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationMotor Prosthetics, Cochlear Implants, Cognitive Prosthetics, Retinal Implants


Other key industry trends

  • In terms of revenue, Canada accounted for 6.1% of the global neuroprosthetics market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. neuroprosthetics market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 2,121.7 million by 2030.

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Neuroprosthetics Market Companies

Name Profile # Employees HQ Website
BrainGate View profile - Stanford, California, United States, North America https://www.braingate.org
Retina Implant View profile 11-50 Reutlingen, Baden-Wurttemberg, Germany, Europe http://www.retina-implant.de
NeuroPace Inc View profile 181 455 N. Bernardo Avenue, Mountain View, CA, United States, 94043 https://www.neuropace.com
LivaNova PLC View profile 2900 20 Eastbourne Terrace, London, United Kingdom, W2 6LG https://www.livanova.com
St. Jude Medical View profile 10001+ Saint Paul, Minnesota, United States, North America http://www.sjm.com
Sonova Holding AG View profile 18151 Laubisrutistrasse 28, Stafa, Switzerland, CH-8712 https://www.sonova.com
Cochlear Ltd View profile 4773 1 University Avenue, Macquarie University, Sydney, NSW, Australia, 2109 https://www.cochlear.com
Boston Scientific Corp View profile 48000 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 https://www.bostonscientific.com
Medtronic PLC View profile 95000 Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 https://www.medtronic.com
Abbott Laboratories View profile 114000 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 https://www.abbottinvestor.com

Canada neuroprosthetics 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 neuroprosthetics market will help companies and investors design strategic landscapes.


Motor prosthetics was the largest segment with a revenue share of 49.5% in 2024. Horizon Databook has segmented the Canada neuroprosthetics market based on motor prosthetics, cochlear implants, cognitive prosthetics, retinal implants covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Canada neuroprosthetics market databook

  • Our clientele includes a mix of neuroprosthetics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Canada neuroprosthetics market , including forecasts for subscribers. This country databook contains high-level insights into Canada neuroprosthetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada neuroprosthetics market size, by type, 2018-2030 (US$M)

Canada Neuroprosthetics Market Outlook Share, 2024 & 2030 (US$M)

Canada neuroprosthetics market size, by type, 2018-2030 (US$M)

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