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Neurological Game Technology Market : A Look at the Industry's Advancements and Opportunities
The latest research report serves as a perfect example of the precise analysis of the global Neurological Game Technology Market . It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Neurological Game Technology Market industry.
Neurological game technology Market size reached USD 6.29 billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Rising advancements in sensing technology are expected to support market revenue growth during the forecast period. Besides, rising demand for console-based therapy will boost market growth. Large volume real-time data in form of brain waves is captured using EEG (Electroencephalogram) sensors, which are further processed and analyzed using sophisticated algorithms. Similarly, the VR/AR technology has an Inertial Measurement Unit (IMU) which consists of three types of sensors, including an accelerometer, a gyroscope and a magnetometer, which is used to detect the relative location and motion of the user’s head.
The Neurological Game Technology market is witnessing rapid growth and innovation driven by the convergence of neuroscience, gaming, and healthcare. Neurological game technologies leverage advances in brain-computer interfaces (BCIs), virtual reality (VR), and gamification techniques to create immersive and interactive experiences that stimulate cognitive functions, rehabilitate neurological disorders, and enhance mental well-being. With the growing recognition of the therapeutic benefits of gaming for neurological conditions, the Neurological Game Technology market is poised for significant expansion and transformation.
Drivers of Neurological Game Technology Market
Several key drivers are fueling the growth of the Neurological Game Technology market. Firstly, the increasing prevalence of neurological disorders, such as stroke, traumatic brain injury (TBI), Parkinson's disease, and Alzheimer's disease, is driving the demand for innovative rehabilitation solutions that can improve patient outcomes and quality of life. Neurological game technologies offer a non-invasive and engaging approach to neurorehabilitation, enabling patients to perform repetitive and task-specific exercises in a virtual environment while receiving real-time feedback and motivation. Secondly, the growing interest in cognitive enhancement, mental wellness, and brain fitness is driving the adoption of neurological game technologies for healthy aging and cognitive training purposes
Major Companies and Competitive Landscape
The Neurological Game Technology Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
EMOTIV, Inc., Smart Eye AB., Qneuro Inc., Bit & Brain Technologies S.L., Ultraleap Ltd., EON Reality Inc., Magic Leap, Inc., Leap Motion, Inc., Niantic, Inc., and Neuralink Corporation.
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Key inclusions of the Neurological Game Technology Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Neurological Game Technology Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Neurological Game Technology Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Neurological Game Technology Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Neurological Game Technology Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Neurological Game Technology Market Segment Analysis
Emergen Research has segmented the global neurological game technology market on the basis of component, technology, end-use, and region:
· Component Outlook (Revenue, USD Billion; 2021–2030)
Hardware
Software
· Technology Outlook (Revenue, USD Billion; 2021–2030)
Brain-Computer Interface
Augmented Reality (AR) Technology
Virtual Reality (VR) Technology
Haptic Technology
· End-use Outlook (Revenue, USD Billion; 2021–2030)
Healthcare
Education
Entertainment
Regional Analysis of the Neurological Game Technology Market :
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Neurological Game Technology Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Strategic recommendations to help readers formulate lucrative business strategies
Identification of the emerging players and their tactical approaches to expand market presence
An extensive study of the product portfolios of the major market players and their regional presence
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Neurological Game Technology Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
