The Neural Interfaces market is expanding rapidly, fueled by the rising prevalence of neurological disorders and technological advancements in neurology. According to a report by Markets and Markets, the overall neuroprosthetics market, a closely related sector, is expected to reach $10.48 billion by 2025, growing at a CAGR of 12.4% from 2020. The development of advanced neural interfaces for restoring sensory and motor functions is a key growth stimulator. Regulatory challenges and the high cost of devices may restrict growth, but the emergence of novel biomaterials for interfacing with the nervous system offers substantial market opportunities.
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