According to a research report titled ‘Global Brain Computer Interface Market Size study, by Type (Invasive brain computer interface, Partially Invasive brain computer interface, Non-Invasive brain computer interface and Others), by Application (Restoration of disabilities, Repair of brain function and Others), by End User (Medicine, Military, Manufacturing and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global brain computer interface market is projected to grow at a rapid pace during 2020-2027.
 

As per report findings, factors such as rising prevalence of brain disorders affecting mobility, increasing number of gaming firms adopting this advanced technology, and growing trend of miniaturization of components are stimulating global brain computer interface market.
 

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WHO (World Health Organization) reported that the percentage of disability-adjusted life years (DALYs) for diseases like Alzheimer and dementia across the globe was projected at 0.91% in 2015 and is expected to rise to 1.20% in 2030. The number of DALYs for Alzheimer and other mental ailments was 1,35,40,000 in 2015 and is anticipated to rise to 1,83,94,000 by 2030.
 

For those unversed, brain computer interface or BCI is neural-control machine with an interactive communication path between an external device and the brain. Various brain imaging technologies such as Magneto encephalography (MEG), Electrocorticography (ECOG), Electroencephalography (EEG), and functional Magnetic Resonance (fMRI) are linked with BCI systems to capture the brain's electrical signals.
 

Despite the lucrative returns, lack of skilled workforce for implementing BCI systems, ethical issues, and cyber security threats arising due to the implementation of BCI will hamper the market growth during the ensuing years.
 

Based on type, global brain computer interface market is classified into invasive, partially invasive, noninvasive, and others. By application ambit, restoration of disabilities, and repair of brain function among others add traction to market remuneration.
 

Moving on to end user spectrum, worldwide brain computer interface industry is arrayed into medicine, manufacturing, military, and others.
 

Considering regional outlook, North America accounted for a major market share in the recent past, owing to rapid development of brain computer interface, and major focus on R&D activities. However, Asia-Pacific industry is anticipated to exhibit highest CAGR over 2020-2027. 
 

Major league players in global brain computer interface industry sphere are Medtronic plc, Mind Technologies Inc., Guger Technologies OG, Compumedics Ltd., Advanced Brain Monitoring Inc., Natus Medical Inc., CAS Medical Systems Inc., Nihon Kohden Corporation, and Integra LifeSciences Corporation.