Global Neuroprosthetics Market 2015-2019 - Key Vendors are Boston Scientific, Cochlear, MED-EL, Medtronic, Sonova & St. Jude Medical

Oct 20, 2015, 14:10 ET from Research and Markets

DUBLIN, Oct. 20, 2015 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Neuroprosthetics Market 2015-2019 - Industry research report" report to their offering.

The report forecasts the global neuroprosthetics market to grow at a CAGR of 7.08% over the period 2014-2019.

The report, Global Neuroprosthetics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global neuroprosthetics market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Most neuroprosthetics manufacturers are US-based companies. These companies acquire overseas device manufacturers to expand their businesses and for tax exemptions. For instance, Medtronic acquired Covidien in January 2015 to reduce the cost of taxes generated on the former's revenue. Pfizer is expected to acquire UK-based AstraZeneca in part to gain entry into the UK. This deal can help Pfizer reduce its taxes by $1 billion annually.

According to the report, individuals with chronic pain, epilepsy, Parkinson's disease, and depression prefer first-line treatment options such as meditation, physiotherapy, and drugs. However, people with these diseases may develop resistance to drugs, resulting in the ineffectiveness of first-line treatment options. In these cases, people opt for neuroprosthetic devices as a second-line treatment option. These devices have many advantages over first-line treatment options.

Further, the report states that the high cost of neuroprosthetics coupled with reimbursement restrictions impedes the accessibility of these devices.

Key vendors

  • Boston Scientific
  • Cochlear
  • MED-EL
  • Medtronic
  • Sonova
  • St. Jude Medical

Other prominent vendors

  • Autonomic Technologies
  • BrainGate
  • electroCore
  • Mainstay Medical
  • NeuroPace
  • Nevro
  • Oticon Medical
  • Soterix Medical

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Reimbursement for neuroprosthetics

Part 06: Emerging technologies in neuroprosthetics

Part 07: Recent market approvals

Part 08: Market landscape

Part 09: Market segmentation by application

Part 10: Global cognitive devices market

Part 11: Global neuromodulation devices market

Part 12: Market segmentation by technology

Part 13: Geographical segmentation

Part 14: Market drivers

Part 15: Impact of drivers

Part 16: Market challenges

Part 17: Impact of drivers and challenges

Part 18: Market trends

Part 19: Vendor landscape

Part 20: Key vendor analysis

For more information visit

Media Contact: Laura Wood , +353-1-481-1716,

SOURCE Research and Markets