Market Strategy

  • Who are our target users?

    Research institutions in rural areas that engage in neuroscience research

    Government and non-profit research initiatives

    Neurotechnology and Biomedical Engineering Companies

  • What is the size of our market?

    Valued at US $17 million in 2022

    Projected to surge to US $38 million by 2029

    Marks a Compound Annual Growth Rate (CAGR) of 12.4%

  • What is the cost of our product?

    Total cost of the AJAYA MEA System is $10,000

    Includes incubator and electronic components

Competitors

The AJAYA microelectrode array recording system revolutionizes microelectrode array technology by providing a solution that is not only significantly more affordable, but also remarkably simpler to use. Unlike most MEA systems, our device uniquely includes integrated incubator components, enhancing functionality and convenience for biological research. This feature, combined with our system's user-friendly design, ensures a seamless, efficient research process from start to finish.

3Brain
BioCAM DupleX

No Built-in Incubator

9.05 x 7.09 x 1.65 Inches3

4.4 pounds

Additional software subscription needed

$110,000
total cost of 3Brain BioCAM DupleX
AJAYA
MEA System

Built-in Incubator

14 x 7 x 5 Inches3

5 pounds

Free software subscription

$10,000
total cost of AJAYA MEA System
Axion BioSystems
Maestro Edge

Built-in Incubator

15 x 11 x 6 Inches3

45 pounds

Additional software subscription needed

$105,000
total cost of Axion BioSystems Maestro Edge