Dynamic growth of Neurotechnologies market
Neurotechnologies market is expected to reach $7.4B in 2023 with a CAGR2017-2023 of 8.3% - forecasts Yole.
Not only huge medical companies are involved in the development of brain computer interfaces, but also web giants like Google, Facebook and Microsoft and numerous innovative start-up companies are putting enormous efforts into the advancement of neurotechnology targeting more the industrial and consumer market.
„Conjunction of neurosciences, advanced microtechnologies and rapid adoption of wearables lead to the emergence of innovative start-up companies and number of initiatives supported by public or private organizations. In the last 3 to 4 years, a wave of fundraising reached a cumulative $300M in BCI companies accompanied by national initiatives like the Obama’s Brain Initiative project supported by US government inspired by the success of the Human Genome Project. If we take the model of the DNA sequencing history, given that researches are going faster today thanks to computer science, it wouldn’t be surprising to see the discovery of a groundbreaking technology to record brain signals before 2030.” – predicts Yole Development team.
Detailed report can be found here: http://www.yole.fr/Neurotechnologies_BCI_IndustryEvolution.aspx#.XHcFoohKjIU
Chart: www.i-micronews.com, www.yole.fr