Latest Developments in Global Neuroprosthetics Market

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Latest Developments in Global Neuroprosthetics Market

  • Healthcare
  • May 2025
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

  • In December 2022, Saskatchewan's Ministry of Health and the Saskatchewan Health Authority launched an expanded Cochlear Implant Program, offering subsidized replacements for external sound processors. Individuals contribute USD 840 per implant, with the Ministry covering the remainder (USD 8,000 to USD 12,000). This initiative aims to enhance accessibility to auditory devices for those in need across the province
  • In October 2022, Axoft, a neurotechnology firm, introduced a brain-machine interface (BMI) targeting neurological disorders. This FDA breakthrough device involves neural implants, with an initial USD 8 million in funding for FDA studies and prototype scaling. The innovation seeks to advance treatment efficacy and patient outcomes through advanced neurotechnology solutions
  • In July 2021, Researchers at US San Francisco developed a groundbreaking "speech neuroprosthesis." This device enables individuals with severe paralysis to communicate in sentences by translating brain signals directly into spoken words displayed as text on a screen. The innovation represents a significant advancement in assistive technology, enhancing communication and quality of life for paralyzed individuals
  • In April 2021, Houston Methodist and Rice University launched a collaborative center for Translational Neural Prosthetics. This partnership focuses on neuroprosthetics research aimed at restoring brain function post-disease or injury. The initiative integrates clinical expertise from Houston Methodist with research capabilities from Rice University, aiming to accelerate innovations in neural prosthetics for neurological rehabilitation