The
discovery of brain waves by physician and neurologist Dr. Hans Berger
in the early twentieth century opened a new world in neuroscience
that made physicians realize the nature of thought transmission in
the form of condensed electrical impulses known as brain waves. With
the advancement of computers the ability to interpret and record the
brain activities has increased significantly. Brain computer
interface (BCI) enables a neurologist to record, monitor and
translate the brain waves of a patient into recordable data
interpretations of the state of the mind.
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Based
on their application, brain computer interface can be segmented into
neuroprosthetics, neurogaming, neuroanalysis (psychology), and
defense (military and aerospace research). Among these, the
neuroprosthetics and neuroanalysis applications form the largest
commercial segments. Neurogaming industry forms an emerging
application with increased funding and rising neurogaming
enthusiasts. The defense applications account for a least share
although recently there has been growing interest in the aerospace
research domain.
On
the basis of technology, brain computer interface services include
invasive brain computer interface, non-invasive brain computer
interface, and others (semi-invasive BCI, EEG based BCI, etc).
Non-Invasive BCI have gained popularity in the recent times and are
expected to grow at a fast pace in the near future. This is because
non invasive BCI provides least discomfort and negligible chance of
infection due to electrode use. Invasive BCI have greater application
in neuroprosthetics and shall continue to grow, albeit a slower pace
compared to non-invasive BCIsince in order to understand/regulate the
neural connectivity of specific brain areas, it becomes necessary to
introduce neural implants (electrodes).
Based
on end users, brain computer interface services are offered to
industries such as hospitals and rehabilitation centers, forensic
laboratories, defense establishments, psychological research centers
(Mental institutions/ asylums), and individuals with interests in
neurogaming. Among these, hospitals and rehabilitation centers have
been observed to possess the largest market for BCI devices and
services. This is followed by the psychological research centers due
toa large fraction of mentally disturbed or challenged patients with
poor cognitive abilities. In these centers, BCI help understand the
state of progression of the mind’s healing thereby confirming the
alternate therapies provided to the patients.
Geographically,
the brain computer interface market is primarily concentrated in the
North American region. The North America leads the market followed by
European and Asia Pacific region. The healthcare industry forms the
largest consumer of brain computer interface products and services in
the region, followed by psychology/rehabilitation, gaming and
forensic sciences. On the other hand, European companies continue to
remain a strong point in the global brain computer interface market
mainly due to the high quality of services offered, greater
innovations and their increased reliability. However, some
significant restrictions for brain computer interface services in the
European and North American region such as poor understanding of
brain wave patterns, lack of interest in venture capitalists, and few
numbers of players continue to dampen the growth of the global
market. The demand for brain computer interface services in the Asia
Pacific region is expected to grow in the future, although not likely
to replace the North American market soon as it is a comparatively
poorly developed market. Australia, Japan, and China form the largest
market in the Asia Pacific region. South Asia and South East Asia on
the other hand show great potential in terms of neurological
application. The brain computer interface market in the Rest of the
World (ROW) region is expected to grow at a very slow rate than the
major economies of the world since there is almost negligible
interest for BCI in the region.
Some
of the key brain computer interface laboratories across the globe
include: Neuro Sky, Inc., Emotiv Systems, OCZ Storage Solutions,
Inc., Interaxon, Inc., Mindplay, Inc., PLX Devices, Inc., and Texas
Instruments, Inc. (Open BCI).
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know more about Brain Computer Interface (BCI) Market Get the Free
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