Brain Implants Market In-depth Analysis by Trends, Opportunities, Drivers, Challenges and Growth Factors by 2030

Rare Brain Diseases Linked to COVID-19 Fuel Demand for Neural Implants

As the number of COVID-19 (coronavirus) cases continue to rise in the U.S., Russia, France, and Brazil, life-threatening and rare brain diseases are being linked to the infection. This has brought companies in the brain implants market into picture, since their assistance is crucial in the already stressed healthcare facilities. It has been found that certain individuals in their late ’50s are at a risk of developing acute necrotizing encephalitis, which is a rare complication of influenza and other viral infections. This has fueled the growth of the brain implants market who are maintaining steady supply chains to meet the demand.

Acute necrotizing encephalitis has the potential to cause seizures and confusion, and in serious cases, can lead to coma. This has triggered the need for developing strong research databases to address complications of COVID-19.

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EU-funded Research Projects Boost Credibility of Med-tech Companies

Ultra-flexible cortical implants are capable of performing large-scale recording and stimulation of the brain, owing to its nanomaterials technology. BrainCom— a collaborative research project that aims to develop a new generation of neuroprosthetic devices is being funded by the European Union under the FET Proactive funding scheme in order to advance in speech neural prostheses. However, such implants with neural technologies are subject to questions about their ethical aspects. Hence, companies in the brain implants market are using artificial intelligence (AI) to innovate in ultra-flexible cortical implants.

Flexible arrays of sensors based on graphene are being used to develop ultra-flexible cortical implants. These implants hold promising potentials to help an individual speak again. Companies in the brain implants market are using the flexibility of graphene to develop transistors that can be implanted on the human brain surface to achieve the decoding of neural activity.

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3D-printed Neural Implants Hold Promising Potentials to Treat Parkinson’s Disease and Depression

Brain implants hold promising potentials in the treatment of epilepsy, Parkinson’s disease, and even severe depression. People with paralysis and locked-in syndrome regain communication and movement with the help of brain implants. Companies in the brain implants market are improving the softness and flexibility of systems, as rigid materials can cause tissue damage and inflammation over time. These companies should collaborate with researchers and engineers, such as in MIT, the U.S., to innovate in soft and flexible neural implants.

Flexible brain implants are capable of molding into the human brain contours without damaging the tissue. These soft electrodes are being developed by companies in the brain implants market and can be used to monitor neural activity. Flexible brain implants can be 3D (3 Dimensional) printed, resulting in a structure that is soft like rubber.

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Transformative Technologies in Brain Implants Offer Solutions for Alzheimer’s and Cerebral Palsy

The possibilities created by brain implants are coming into light for the treatment of Alzheimer’s, ALS (Amyotrophic Lateral Sclerosis), and cerebral palsy. Companies in the brain implants market are increasing the availability of solutions for people suffering from motor diseases and neurological conditions. Such implants are bolstering market growth, as they have the potential to eliminate the need for open brain surgeries. Dell Technologies—  a U.S. multinational computer technology company is gaining strong business grounds in transformative technologies for brain implants by collaborating with think tanks and neuroscientists.

Companies in the brain implants market are increasing the availability of less invasive solutions, since brain is one of the most delicate and sensitive body organs. They are decoding the symphony of neural activity in order to stimulate brain function.

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Brain Implants with AI-powered Machines Translate Thoughts into Images

The U.S. neurotechnology company, Neuralink, is gaining global recognition for its demonstration of a new brain implant on a pig named Gertude. Companies in the brain implants market are taking cues from tech giants to develop prototype computer chips that wirelessly transmit data of an animal’s neural activity in a display. Such research experiments are being conducted to cure dementia and the Parkinson’s disease. As such, innovations in neurotechnology companies are creating recruitment opportunities for scientists. Research demonstrations are often met with skepticism from experts, which helps companies to constantly improvise in technologies.

Brain implants are being used to assess, monitor, manipulate, and emulate the structure of neural systems. The proliferation of AI is another key driver, which is contributing toward the growth of the brain implants market. Brain implants are being powered with AI machines that hold promising solutions to translate a person’s thoughts into images.

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