I’m a market analyst, advisor, and creative strategist covering neurotechnology. I run NEUROTECH FUTURES, the industry’s go-to newsletter for operators, investors, and commercial leaders building the future of brain health. I also support ARPA-H, NIH, NIA and the FDA’s iBCI-CC.
?” by the bank’s equity analysts provides timely research, signaling to investors that this emerging frontier holds potential to generate substantial returns in future decades.Note: As of publishing this article, Morgan Stanley’s 37-page report appears unlinked to a dedicated url, but the PDF has beenis not the report. I’ll update this article with a dedicated link if I find one; If you are unable to access the file, just reach out.
Curiously, while they cross-reference their BCI estimates against other implanted neurotech markets like “spinal cord stimulation , sacral neuromodulation , and hypoglossal nerve stimulation ,” they leave out deep brain stimulation from their comparisons.
BCI costs will prove highly heterogeneous, between incomparable device designs, surgical approaches, clinical protocols, intended functionality, and much more. Morgan Stanley’s report reflects this across various market segment analyses, but the authors keep the math simple with a low tier and high tier pricepoint. Let’s dive in.Authors segment BCI into broad categories of product and market, and defining and sizing immediate and follow-on markets for each.
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