Healthcare IT

Brain Computer Interface (BCI) Market – Analysis, Trends And Forecasts, 2015 To 2022

Brain computer interface (BCI) refers to direct neural interface, brain machine interface, synthetic telepathy interface, or mind machine interface. BCI is a technology which enables a direct interaction channel between the brain and exterior instruments. The brain and exterior instruments are utilized to regulate movements in individuals suffering from physical disabilities. A BCI system assists the physically challenged to rise above difficulties and execute tasks on a daily basis.

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The main purpose of the BCI instrument is to capture electrical signals that move amidst neurons and pass them to an exterior instrument. Technological innovations in the fields of human sensing, computation, entertainment, communication and control are a prime factor, driving the demand for the brain computer interface (BCI) market. Rising research operations coming up with cures for dangerous injuries and disorders of the brain are also likely to propel the sales of the market during the forecast phase.

Growing governmental investments for BCI research are also projected to steer the market forward.The brain computer interface (BCI) market is driven ahead by technological innovations. It is experiencing further advancements which cause high miniaturizationand functionality of instruments. Moreover, with increased computing power, automated applications of these instruments are estimated to emerge in the market. Augmented research operations in relation to the developmentof treatments for cerebrovascular illnesses and sleep disorders are also likely to boost the brain computer interface (BCI) market further.

Moreover, research organizations, clinical trials and governmental establishments have offered their assistance (in the form of finances) to support further development of BCI. This has also contributed addeddemand for thebrain computer interface (BCI) market.Intensified demand for eco-friendly materials is also estimated to further the utilization of BCI. This factor expands the market further. However, the scarcity of proficient workers to deal with these intricate instruments is an element restricting the brain computer interface (BCI) market.

The global brain computer interface (BCI) market is segmented on the strength of three categories. These include applications, productsand geographies.

Applications Overview

The various application sectors include smart home control; medical;control and communication; and gaming and entertainment. Medical captured more than 50 percent of the share in the brain computer interface (BCI) market in 2014.The sectors of control and communication; and gaming and entertainment are likely to experience the introduction of innovative products through the forecast phase.

Products Outlook

The key products of the brain computer interface (BCI) market are partially invasive, invasive and non-invasive. Non-invasive BCI products captured the biggest share in 2014. This was on account of their features, like minimal scarring and simple use. Invasive products find augmented utilization in neuroprosthetics. Their supremacy in the medical industry is predicted to continue likewise during the forecast phase.

Geographies Insights

The geographical regions include Asia Pacific, rest of the world, Europe and North America. The North American brain computer interface (BCI) market occupied the biggest share. This large size owed to boosting neurodegenerative illnessesin the region. Europe is anticipated to grow significantly through the forecast phase. The Asian Pacificbrain computer interface (BCI) market is likely to experience domineeringprofits in the years ahead.

Brain Computer Interface (BCI) Market

Information Source: Grand View Research

Healthcare IT

Computational Biology Market – Size, Outlook,Sectors And Trends, 2014 To 2020

Computational biology can be described as the utilization of theoretical procedures, mathematical modeling and computer-assisted simulation for the analysis of social, behavioral and biological systems. It is a multi-disciplinary field which encompasses the principles of various sciences. Computational biology is deemed very helpful and important in the medical industry. This is specifically with regard to experts in pediatric clinical research. Computational biology makes use of sequencing, databases and supercomputers to test biological theory.

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The worldwide computational biology marketwas estimated at about USD 760 million in 2011. It is projected to expand at about 21.3 percent CAGR during 2012 to 2018. The market is anticipated to achieve around USD 2, 937 million by the end of 2018. The last ten years have witnessed many changes in the sector of cell biology.The computational biology market is likely to witness significant growth over the forecast phase. This is due to biotechnological and pharmaceutical firms reducing research and development expenses and number of drug failures.

Computational biology also faces high demand due to its capacity to decrease widespread usage of humans in trials on orphans, pediatric trials or tests on pregnant women. It has also been found useful in the illnesses of orphans. Further expansion of the computational biology market also owes to growing research and development operations in bioinformatics. These operations are intended atcomprehending biological systems.

Applications Overview

The computational biology market includes various application sectors in cellular modeling; disease modeling; drug development; and molecular simulation. With augmented investments in clinical trial failures and novel drug advancements, the sector of drug development dominated the computational biology marketin 2013 with respect to income. This sector is also likely to rise stably during the forecast phase. Boosting demand for computational biology across these sectors is also expected to increase the market further.

Tools Overview

The computational biology market also comprises various tools. These include hardware processor units in computation study; databases containing proteomic data; and services/software for computational biology. These tools are complimentary to computational biology applications and experience similar demand.

Consumers Insights

The various consumer sectors of the computational biology market encompass industries, academics and commercial. Amplified demand for computational biology across these sectors is also predicted to drive the demand for the market. Academics emerged as the biggest consumer sector of the market.

Services Outlook

The different services under the computational biology market include on-contract and in-house. These services are provided by organizations having resources to hold researches.

Regions Overview

The various geographical regions which are analyzed under the computational biology market are Europe, rest of the world, North America and Asia Pacific. North America dominated the market in 2013. It is also estimated to maintain similar position through the forecast phase. Europe occupied the second biggest share.

This was due to groundbreaking advancements in the region. The Asian Pacific computational biology market is expected to witness stable expansion in the future. This is on account of rising expenses in the research and development operations of pharmacokinetics and pharmacogenomics.

Computational Biology Market

Information Source: Grand View Research