Global Neurotechnology Device Market Value Estimated At $7.6 Billion In 2016

The global market for neurotechnology products is projected to be $7.6 billion in 2016. The neurotechnology market includes four major device segments: neuroprosthetics, neuromodulation, neurorehabilitation, and neurosensing. Products in this market include spinal cord stimulation devices and implants, deep brain stimulation devices, and cochlear implants. By 2020, the global market value for neurotechnology projects is projected to reach $12 billion.

Neural prostheses are devices that can substitute for a motor, sensory, or cognitive modality that might have been damaged as a result of an injury or a disease.

Neuromodulation devices alter nerve activity through application of electrical or pharmaceutical . . .