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Rare Brain Diseases Linked to COVID-19 Fuel Demand for Neural Implants

As the number of COVID-19 (coronavirus) cases continue to rise in the U.S., Russia, France, and Brazil, life-threatening and rare brain diseases are being linked to the infection. This has brought companies in the brain implants market into picture, since their assistance is crucial in the already stressed healthcare facilities. It has been found that certain individuals in their late ’50s are at a risk of developing acute necrotizing encephalitis, which is a rare complication of influenza and other viral infections. This has fueled the growth of the brain implants market who are maintaining steady supply chains to meet the demand.

Acute necrotizing encephalitis has the potential to cause seizures and confusion, and in serious cases, can lead to coma. This has triggered the need for developing strong research databases to address complications of COVID-19.

EU-funded Research Projects Boost Credibility of Med-tech Companies

Ultra-flexible cortical implants are capable of performing large-scale recording and stimulation of the brain, owing to its nanomaterials technology. BrainCom— a collaborative research project that aims to develop a new generation of neuroprosthetic devices is being funded by the European Union under the FET Proactive funding scheme in order to advance in speech neural prostheses. However, such implants with neural technologies are subject to questions about their ethical aspects. Hence, companies in the brain implants market are using artificial intelligence (AI) to innovate in ultra-flexible cortical implants.

Flexible arrays of sensors based on graphene are being used to develop ultra-flexible cortical implants. These implants hold promising potentials to help an individual speak again. Companies in the brain implants market are using the flexibility of graphene to develop transistors that can be implanted on the human brain surface to achieve the decoding of neural activity.

3D-printed Neural Implants Hold Promising Potentials to Treat Parkinson’s Disease and Depression

Brain implants hold promising potentials in the treatment of epilepsy, Parkinson’s disease, and even severe depression. People with paralysis and locked-in syndrome regain communication and movement with the help of brain implants. Companies in the brain implants market are improving the softness and flexibility of systems, as rigid materials can cause tissue damage and inflammation over time. These companies should collaborate with researchers and engineers, such as in MIT, the U.S., to innovate in soft and flexible neural implants.

Flexible brain implants are capable of molding into the human brain contours without damaging the tissue. These soft electrodes are being developed by companies in the brain implants market and can be used to monitor neural activity. Flexible brain implants can be 3D (3 Dimensional) printed, resulting in a structure that is soft like rubber.

Transformative Technologies in Brain Implants Offer Solutions for Alzheimer’s and Cerebral Palsy

The possibilities created by brain implants are coming into light for the treatment of Alzheimer’s, ALS (Amyotrophic Lateral Sclerosis), and cerebral palsy. Companies in the brain implants market are increasing the availability of solutions for people suffering from motor diseases and neurological conditions. Such implants are bolstering market growth, as they have the potential to eliminate the need for open brain surgeries. Dell Technologies—  a U.S. multinational computer technology company is gaining strong business grounds in transformative technologies for brain implants by collaborating with think tanks and neuroscientists.

Companies in the brain implants market are increasing the availability of less invasive solutions, since brain is one of the most delicate and sensitive body organs. They are decoding the symphony of neural activity in order to stimulate brain function.

Brain Implants with AI-powered Machines Translate Thoughts into Images

The U.S. neurotechnology company, Neuralink, is gaining global recognition for its demonstration of a new brain implant on a pig named Gertude. Companies in the brain implants market are taking cues from tech giants to develop prototype computer chips that wirelessly transmit data of an animal’s neural activity in a display. Such research experiments are being conducted to cure dementia and the Parkinson’s disease. As such, innovations in neurotechnology companies are creating recruitment opportunities for scientists. Research demonstrations are often met with skepticism from experts, which helps companies to constantly improvise in technologies.

Brain implants are being used to assess, monitor, manipulate, and emulate the structure of neural systems. The proliferation of AI is another key driver, which is contributing toward the growth of the brain implants market. Brain implants are being powered with AI machines that hold promising solutions to translate a person’s thoughts into images.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Brain Implants Market

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