Advanced Technology
Medical Devices
Global Brain Computer Interface Market Research and Forecast 2018-2023
DEFINITION A Brain computer interface market (BCI) is a device which enables in creating an interface between brain and electronic devices such as computers or (IoT) devices. BCI basically creates a pathway between the brain and the object to be controlled. It uses electrodes and sensors to detect electronic signal in the brain which sent by computers to direct some external activity such as computer of a prosthetic limb. Global BCI market is expected to witness a significant growth rate at a CAGR of 22.8% during forecasted period (2018-2023). Factors motivating the growth of this market is increasing uses of sensor technology in emerging region such as APAC.
MARKET MOTIVATORS • Use of electro-encephalography in diagnosis of sleep disorder • Increasing rate of brain disorder patients across globe • Rise of sensor application in healthcare sector • Increasing use of brain control interface in controlling iot devices • Advancement in nanoapplication, bio-signal processing and neuro-imaging techniques • Defence training & education sector are driving the market
MARKET RESTRAINTS
• Cost structure • Poor information transfer rate of (bci)
MARKET OPPORTUNITIES
• Calibrating the movement in physical challenged individuals • Developing cure for paralyzed brain disorder patients • Providing better smart home control system • Emerging use of (bci) in gaming enterprises
REGIONAL ANALYSIS
MARKET SEGMENTATION BY COMPONENTS • HARDWARE • SOFTWARE BY TYPE • Invasive (bci) • Partially invasive (bci) • Non-invasive (bci)
MARKET SEGMENTATION
By application • • • •
Medical Smart home control Gaming & virtual reality Communication and control
MARKET SEGMENTATION By technology • • • • • •
Electro-encephalography (eeg) Megneto- encephalography (meg) Electrocorticography (ecog) Funtional magnetic resonance imaging (fmri) Near infrared spectroscopy Intracortical neuro recording
MARKET SEGMENTATION
By end user • Healthcare • Educational & research • Defence & aerospace
COMPANY PROFILE
• • • • •
4dforce Arimac lanka Brain co Brainrobotics Cereve
To Be Continued……
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