According to the research report titled ‘Global Brain Computer Interface (BCI) Market 2022-2028’, available with MarketStudyReport, global brain computer interface (BCI) market was worth USD 1,771 million in 2021 and is expected to amass a valuation of USD 3,608 million by the end of 2028, garnering a CAGR of 10.7% during the analysis period.

Rising incidences of neurodegenerative disorders, soaring aging population, surge in demand for virtual gaming experiences & home control systems, and increasing R&D expenditure in the medical field are factors driving the growth of global brain computer interface (BCI) market.

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The research covers a comprehensive overview of the market situation, containing the most recent trends. Besides, it also delivers an in-depth evaluation of the constraints and drawbacks in the market, providing plausible solutions to assist investors in
maintaining revenue inflow.

Speaking of product types, global brain computer interface industry is segmented into non-invasive brain-computer interface, partially invasive brain-computer interface, and invasive brain-computer interface. Among all, the non-invasive brain-computer interface segment held a notable revenue share in 2021 and is projected to expand significantly through the forecast period.

In terms of components, the business sphere is split into software and hardware.  Based on application spectrum, the industry is divided into smart home control, entertainment & gaming, communication & control, and medical & healthcare.

Moving forward, the major regional markets entailed in the report are North America, Europe, and Asia Pacific. Detailed analysis of the growth opportunities and existing trends in these economies are presented in the document. 

Lastly, the study evaluates the profiles of top-notch organizations contributing to the profitability aspect of global brain computer interface industry such as Ripple LLC, Nihon Kohden Corporation, Neuroelectrics Barcelona S.L.U., g.tec medical engineering GmbH, Cortech Solutions, Inc., Cerora, Inc., ANT Neuro B.V., OpenBCI, NeuroSky, Inc., Integra LifeSciences Holdings Corp., Emotiv, Inc., Compumedics Limited, Brain Products GmbH, and Advanced Brain Monitoring, Inc.