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Brain-computer Interfaces
Overview
The brain-computer interface (BCI) industry encompasses a rapidly evolving field at the intersection of neuroscience, technology, and healthcare. BCIs facilitate direct communication between the human brain and external devices, enabling control, feedback, and information exchange. In the hardware segment, neural implants, EEG headsets, and wearable devices capture neural signals, while signal processing algorithms and artificial intelligence in the software segment interpret and translate these signals into actionable commands.
BCIs have a variety of applications, including medical rehabilitation for individuals with paralysis, neuroprosthetics, and cognitive enhancement. Research areas span from decoding thoughts and emotions to enhancing cognitive functions. As technology advances, the BCI industry is poised to revolutionize healthcare, gaming, communication, and accessibility, opening new frontiers in understanding and harnessing the power of the human brain for improved quality of life and expanding human capabilities.
Note: Additional sections (market sizing, incumbents, etc.) can be provided on request.
Use cases
Use cases for brain-computer interface (BCI) technologies predominantly lie across healthcare and biotechnology applications, particularly assisting individuals with neurological disorders that impair motor functions. These technologies are being developed to help people with conditions like paralysis or amyotrophic lateral sclerosis (ALS) regain some level of control over their environment, enhancing their quality of life. Another important healthcare application is in stroke rehabilitation, where BCIs help stroke survivors improve motor functions and speed up their recovery by translating brain signals into physical actions, thereby retraining the brain.
Besides healthcare, BCIs are also being explored in gaming and entertainment spaces. In these areas, they track neural signals to enhance user experiences in gaming and virtual reality (VR) by allowing players to control game or VR environment elements with their minds, creating more immersive and interactive experiences.
Despite some applications, BCI remains an emerging field. Larger players, such as Neuralink, are undergoing clinical trials for their implants to assess viability and understand the full potential of this technology.
We have identified key BCI use cases below:
Market Mapping
Non-invasive wearables
Neuroprosthetics and neural implants
User interface software
Neuroinformatics
The Disruptors
Funding History
Notable Investors
