Brain Technologies

• [New] Neurotechnology is still a nascent sector, but the global market for therapeutics covering the brain and spinal cord is expected to almost reach $130bn by 2025.
• The worldwide brain-computer interface market is projected to grow over the next seven years at a compound annual growth rate of 15.5% to reach of USD 3.7 billion in revenue by 2027.
• Tesla founder Elon Musk tried to bridge the gap between humans and technology with his tech startup Neuralink, which plans to build implants that connect human brains with computer interfaces via AI.
• The military artificial intelligence (AI) and cybernetics market witnessed a revenue of $4.77 billion in 2018: The market is projected to reach $13.11 billion 2024 and is anticipated to grow at a CAGR of 18.66% during the forecast period.
• The Global Brain Implants Market reveals, the market is expected to garner a 9.53% CAGR over the evaluation period of 2018-2023.
• Like Neuralink, Darpa, the Pentagon's research arm, is examining whether brain implants could really open up the channel between the human brain and modern electronics.
• The global brain monitoring devices market is expected to grow at mid single digit CAGR of from 2019 to 2026 to reach $8,855.9 million by 2026.
• Over the next five years the Brain Computer Interface market will register a +11% CAGR in terms of revenue, the global market size will reach US$ 250.3 million by 2024, from US$ 154.1 million in 2019.
• The global Brain Computer Interface (BCI) market is valued at USD 125.21 million in 2018 and is expected to reach USD 283.04 million by the end of 2025, growing at a CAGR of 12.43% between 2019 and 2025.
• The global market of Neuromorphic Computing is evaluated to witness a substantial growth of USD 648.40 Million by 2025 growing at a CAGR of 49.92% during the forecast period.
• The global neuromorphic chip market is expected to reach USD 6.03 billion by the end of 2023, recording a CAGR of 27.16% during the forecast period (2018-2023).
• In 2019, the global Brain Computer Interface (BCI) market size was USD 179 million and it is expected to reach USD 409.3 million by the end of 2026, with a CAGR of 12.4% during 2021-2026.
• The global Brain Computer Interface (BCI) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 11.9% in the forecast period of 2020 to 2025 and will expected to reach USD 288.4 million by 2025, from USD 184.2 million in 2019.
• The Neuromorphic Chip Market was valued at USD 111.04 million in 2019 and is expected to reach USD 366.14 million by 2025, at a CAGR of 22% over the forecast period 2020-2025.
• Mind uploading could become a reality with gradual neuronal replacement, rapid advancements in Strong AI, massively parallel computing, and nanotechnology allowing us to directly connect our brains to the Cloud-based infrastructure of the Global Brain.
• The Global Brain-Computer Interface Market is expected to reach USD 2,564 million at a CAGR of over 15.1% by the end of the forecast period 2019-2024.
• The global brain monitoring market is likely to grow further to reach $1.6 bn by the next year, offering a substantial market opportunity to Cortical.
• The Brain Computer Interface market was valued at US$980 Million in 2017 and is projected to reach US$2310 Million by 2025, at a CAGR of 11.3% during the forecast period.
• The global Neuromorphic Computing, Ai Hardware And Edge Analytic Market is expected to witness high growth during the forecast period.
• By the year 2020, neural computer chips will have doubled capacity about twenty-three times, resulting in a speed of about 20 million billion neural connection calculations per second, which is equal to the human brain.
• The global brain monitoring systems market is projected to grow at a CAGR of 7.41% to reach US$3.184 billion by 2024, from US$2.074 billion in 2018.
• In the 8 MM, GlobalData epidemiologists forecast that the diagnosed incident cases of brain cancer will increase from 119,717 cases in 2017 to 151,067 cases in 2027, at an Annual Growth Rate of 2.62%.
• The growing implementation of neuromorphic chips in several end-use industries such as automotive, healthcare, and semiconductor and electronics is also expected to create growth opportunities in the global neuromorphic chip market in the years to come.

Last updated: 22 November 2020