A brain computer
interface enables medical professionals and neurologists to record,
manage, monitor, and translate the brain waves of patients into
recordable data interpretations. Brain waves were discovered in the
early 20th century by Dr. Hans Berger, which opened up the field of
neuroscience completely. With technological advancements in
computers, the ability to record and interpret brain waves and other
brain activity has increased. The global brain computer interface
market is expected to expand at a rapid pace during the period from
2015 to 2023 due to advancements in technology and consequently
increased demand.
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The global brain
computer interface (BCI) market is segmented on the basis of
technology, application, geography, and end use. By end use, BCI
services are used by forensic laboratories, hospitals and
rehabilitation centers, psychological research centers, and
individuals. Hospitals and rehabilitation centers are expected to be
the largest contributors to the global brain computer interface
market in the years to come. Psychological research centers are
expected to be the second largest contributors for the global brain
computer interface market due to the increased number of people
facing mental disorders. The increased number of physically
challenged patients will also boost the demand for BCI technology
from psychological research centers in the coming few years.
Noninvasive BCI
to Lead Global BCI Market
Based on technology,
the global brain computer interface market is classified into
noninvasive brain computer interfaces, invasive brain computer
interfaces, and other interfaces such as semi-invasive and EEG. In
the past few years, noninvasive brain computer interfaces have gained
global acceptance and popularity. This segment is predicted to
develop rapidly in the years to come due to factors such as low
chances of infection and low discomfort. Invasive brain computer
interfaces have more applications in neuroprosthetics and are
expected to develop at a steady pace during the forecast period.
By application, the
global brain computer interface market is classified into
neurogaming, neuroprosthetics, neuroanalysis, and defense. Amongst
all these segments, the neuroanalysis and neuroprothetics
applications form the biggest commercial segments. With the rising
number of neurogaming enthusiasts and increased funding, the
neurogaming segment is expected to generate high demand throughout
the forecast period.
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North America to
Register Significant Development by 2023
Based on geography,
the global brain computer interface market is divided into North
America, Asia Pacific, Europe, and Rest of the World. Geographically,
the BCI market is concentrated in North America in 2014, followed by
Europe and Asia Pacific. Leading players in the European region are
expected to generate more demand for various BCI applications. High
quality of services, increased reliability, and greater innovations
are some of the driving factors for the BCI market in the Asia
Pacific and Europe regions. Some of the leading players in the global
brain computer interface market are Neuro Sky, Inc., OCZ Storage
Solutions, Inc., Mindplay, Inc., Texas Instruments, Inc., Emotiv
Systems, Interaxon, Inc., and PLX Devices, Inc.
Poor understanding
of patterns of brain waves and lack of interest among venture
capitalists are two of the major restraints on the global brain
computer interface market during the forecast period. However, the
emergence of new players will boost the global brain computer
interface market in the years to come.
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