Discover trends, market shifts, and competitive outlooks for the neurotechnology industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Anticipated CAGR of the Neurotechnology Market, and What Factors Will Drive It?

The size of the neurotechnology market has seen quick expansion in the last few years. It is projected to rise from a worth of $15.38 billion in 2024 to $17.39 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 13.1%. The growth witnessed in the historical period can be attributed to factors such as increased funding for research, an aging population, prevalence of neurological disorders, regulatory backing, and government initiatives.

The market for neurotechnology is predicted to expand rapidly in the coming years, rising to a sizable $29.8 billion in 2029 with a compound annual growth rate (CAGR) of 14.4%. The projected growth during this forecasted period can be linked to progress in areas such as regulatory frameworks, genomics, neurological disorders, neurology telemedicine, adoption of precision medicine, and the evolution of closed-loop systems. Key trends anticipated during this period encompass advancements in neuroinformatics, the implementation of neuroplasticity interventions, initiatives in brain mapping, the use of remote monitoring solutions, and the application of non-invasive brain stimulation techniques.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=9840&type=smp

What Are the Major Market Drivers Behind the Rising Adoption of Neurotechnology Market?

The growing incidence of neurological disorders is anticipated to fuel the expansion of the neurotechnology market in the future. A neurological disease refers to any condition affecting the brain, such as Alzheimer’s disease, Parkinson’s disease, epilepsy, and migraines. Various methods, such as brain imaging, neurostimulation, neurofeedback, and brain-computer interfaces, are being implemented to detect and treat these disorders via neurotechnology. In January 2022, the American Heart Association Inc., a nonprofit organization based in the US, projected that Alzheimer’s disease and related dementias would impact 9.3 million US citizens by 2060. Furthermore, in February 2023, according to the Switzerland-based intergovernmental organization, World Health Organization, about 5 million people globally are estimated to be diagnosed with epilepsy annually. Hence, the growing incidence of neurological disorders is a significant factor propelling the growth of the neurotechnology market in the future.

Which Key Market Segments Comprise the Neurotechnology Market and Drive Its Revenue Growth?

The neurotechnology market covered in this report is segmented –

1) By Conditions: Cognitive Disorders, Pain Treatment, Urinary And Faecal Incontinence, Epilepsy, Parkinson’s Disease, Hearing Conditions, Sleep Disorder, Depression, Other Conditions

2) By Type: Imaging Modalities, Neurostimulation, Cranial Surface Measurement, Neurological Implants, Other Types

3) By End Use: Ambulatory Surgical Centers, Hospitals, Homecare Facilities, Other End Uses

Subsegments:

1) By Cognitive Disorders: Alzheimer’s Disease, Attention Deficit Hyperactivity Disorder (ADHD), Dementia

2) By Pain Treatment: Chronic Pain, Neuropathic Pain, Acute Pain

3) By Urinary And Fecal Incontinence: Overactive Bladder, Neurogenic Bladder, Fecal Incontinence Management

4) By Epilepsy: Drug-Resistant Epilepsy, Seizure Management Devices

5) By Parkinson’s Disease: Motor Symptoms Management, Non-Motor Symptoms Management

6) By Hearing Conditions: Tinnitus, Hearing Loss Solutions

7) By Sleep Disorder: Insomnia, Sleep Apnea, Restless Legs Syndrome

8) By Depression: Major Depressive Disorder, Treatment-Resistant Depression

9) By Other Conditions: Anxiety Disorders, Autism Spectrum Disorder, Traumatic Brain Injury (TBI)

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=9840&type=smp

Which Areas Are Leading Regions in the Neurotechnology Market Expansion Across the Globe?

North America was the largest region in the neurotechnology market in 2024. Europe is expected to be the fastest-growing region in the neurotechnology market report during the forecast period. The regions covered in the neurotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Strategic Trends Steering theNeurotechnology Market Direction?

The surge in technological evolution is a significant trend being observed in the neurotechnology market. Businesses in this market are embracing modern technologies to maintain their market standing. Take, for example, Blackrock Neurotech, a biotech company based in the US, which introduced Neuralace, a cutting-edge neurotechnology, in November 2022. The appearance of Neuralace resembles a lace piece that’s finer than an eyelash and can encompass extensive areas of the brain’s surface. Neuralace is fashioned as an ultra-high channel count and flexible electrode, exhibiting a sneak peek into the technology that will drive its future Brain-Computer Interfaces (BCIs). This system has helped patients in recuperating tactile function, movement of the limb and prosthetic, as well as controlling digital devices.

View the full report here:

https://www.thebusinessresearchcompany.com/report/neurotechnology-global-market-report

How Is the Neurotechnology Market Conceptually Defined?

Neurotechnology is the study and interaction of the nervous system, which includes the brain and other parts of the nervous system. Neurotechnology can be used in clinical settings to influence the brain or nervous system, such as in therapeutic or rehabilitative contexts. Recent advancements in neurotechnology have shown promise in treating neurological disorders and enhancing cognitive function, making it a vital area of research and application.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9840

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model