脑机接口术语标准发布，产业规范化破茧加速跑

Core Insights - The National Medical Products Administration has approved a new industry standard for medical devices using brain-computer interface (BCI) technology, which will take effect on January 1, 2026, aiming to unify terminology and support high-quality industry development [2][3] - A series of supportive policies have been introduced in China to facilitate the application of BCI technology in the medical field, including pricing guidelines for invasive and non-invasive BCI services [3][4] - The BCI sector has seen a significant increase in investment activity, with 13 financing events totaling 923 million yuan in 2025 alone, compared to only 6 events totaling 201 million yuan in 2024 [3][4] Policy Framework - The National Healthcare Security Administration has issued guidelines for pricing BCI medical services, including specific fees for invasive and non-invasive procedures [3] - Local governments, such as Zhejiang Province, have also established pricing for BCI services and included non-invasive BCI adaptation fees in basic medical insurance coverage [3] - A joint opinion from multiple government departments has outlined a comprehensive development blueprint for the BCI industry [3] Investment Trends - In the first three months of 2025, the total public financing in the BCI sector exceeded 430 million yuan, surpassing the total for the entire year of 2024 [4] - Shanghai Ladder Medical completed a record-breaking 350 million yuan Series B financing in February 2025 [4] - The BCI industry is experiencing a surge in investment enthusiasm, with a total of 48 financing events since 2018, although this represents a small fraction of the overall healthcare sector [6] Industry Development - The number of BCI companies in China has surpassed 200, with significant concentration in regions like Guangdong, Beijing, and the Yangtze River Delta [5] - As of August 27, 2025, there are 42 A-share listed companies in the BCI sector, with over 80% established in the last decade [5] - The industry is characterized by a "small but specialized" approach, with companies focusing on various applications such as medical-grade semi-invasive interfaces and consumer-grade EEG devices [5] Market Potential - The global market for BCI medical applications is projected to reach $40 billion by 2030 and $145 billion by 2040, with significant growth expected in both serious medical and consumer healthcare segments [6] - The Chinese market is anticipated to reach 5.58 billion yuan by 2027, growing at an annual rate of 20% [6] Societal Impact - BCI technology holds promise for over 3 billion people suffering from neurological disorders, potentially restoring communication and mobility for many patients [7] - As technology matures and costs decrease, BCI applications are expected to expand beyond healthcare into education, entertainment, and military sectors [7]