Seattle, WA -- (SBWIRE) -- 11/05/2019 -- Global Brain Computer Interface (BCI) Market: Drivers and Restraints
The growing adoption of BCI technology is attributable to its rising awareness in treating a wide range of brain disorders. The growing incidences of brain disorders, stroke, depression, and Parkinson's disease among the elderly population are expected to boost market growth. The mounting use of BCI technology in the home control systems, military communication, and virtual gaming is expected to enhance the growth opportunities of the global brain computer interface market in the near future. Growing research and development activities by governments to improve brain computer interface technology and expand its end uses are expected to propel the market in the forthcoming years.
However, the high cost of investment in BCI technology will hamper the growth of the market over the forecast period.
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Global Brain Computer Interface (BCI) Market: Leading Players
Artinis Medical Systems BV, NeuroPace Inc, BrainCo, Emotiv Inc, ANT Neuro B.V, InteraXon, Brain Products GmbH, NeuroSky, Inc., Neuroelectrics, Blackrock Microsystems LLC, G.TEC, Compumedics Limited, Advanced Brain Monitoring, and Mindmaze SA are the major players that are operating in the global BCI market.
The market estimation process is conducted with the data obtained from secondary and primary research. This includes market top-down, bottom-up approach, and market breakdown. Different statically analyses are carried our such as future market size, computation of CAGR, and market distribution. Different macroeconomic factors are considered during these computations namely gross national product (GNP), unemployment rates, and consumer price index. Each data is validated through the process of data triangulation method for the final market estimation.
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The Brain Computer Interface (BCI) Market report offers you perceptive data of the market and highlights its commercial landscape
It evaluates production processes, major bottlenecks, and solutions to reduce risks associated with R&D
The Brain Computer Interface (BCI) Market report highlights pivotal factors that propel and hinder the market growth
It focuses on major growth strategies adopted by leading market players
The Brain Computer Interface (BCI) Market report accurately projects the global market value and regional share during the forecast period
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