BRAIN COMPUTER INTERFACE MARKET ANALYSIS

Brain Computer Interface Market, By Product (Invasive, Non-invasive, and Semi-invasive), By Application (Prevention, Detection and Diagnosis, and Rehabilitation and Restoration), By End User (Hospitals, Academic & Research Institutes, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

On 14 May 2024, Brain specialists at the California Institute of Technology have pioneered a groundbreaking brain-computer interface (BCI) method capable of decoding internally "spoken" words solely from brain signals in real-time. This pioneering study, published in the journal Nature Human Behavior, involved implanting probes into the supramarginal gyrus, marking the first use of BCI technology in this brain region.
In February 2023, In Brooklyn, a startup named Synchron is crafting brain interface tech to aid those with paralysis. Their implant, the Synchron Switch, allows users to control technology using their thoughts, with trials conducted on patients in the U.S. and Australia.
In November 2021, NeuraMatrix, a company specializing in brain-computer interface platforms, successfully closed a financing round of CNY 100 million. They aimed to commence mass production of their first system-on-chip by year's end.
In October 2021, EMOTIV, bio-informatics and technology company unveiled the New EMOTIV Launcher and improvements to EmotivPRO Suite 3.0. This product offers a comprehensive end-to-end solution, simplifying neuroscience research processes entirely.