Posted 3/11/2024, 8:14:00 AM
Neuroprosthetics Market Poised for Robust Growth Driven by Neurological Disorders and Tech Advances
- Global neuroprosthetics market valued at $12.66 billion in 2023, expected to reach $26.12 billion by 2030 with a CAGR of 10.9%
- Market driven by rising prevalence of neurological disorders and technological advancements
- Output neural prosthetics segment expected to dominate due to restoring lost functions
- North America to hold largest market share due to innovations and healthcare spending
- Key players focusing on R&D and strategic collaborations to develop cutting-edge neuroprosthetics devices