Global Electroceuticals/Bioelectric Medicine Market is
expected to reach USD 35.5 billion by 2025, according to a new report by
Grand View Research, Inc. Rising geriatric population is the major factor that
is expected to propel growth during the forecast period. Aging population is
prone to various diseases such as cardiac arrhythmias, Parkinson's disease,
Alzheimer's disease, epilepsy, and depression. There are various advanced
electroceuticals including implantable cardioverter defibrillators, cochlear
implants, cardiac pacemakers, and spinal cord stimulators, which can be used
for the treatment of these conditions.
Increasing investment in the development of advanced
bioelectric medicine is another major factor supporting the growth of the
electroceuticals market. For instance, in FY 2016, Medtronic, a leading
bioelectric medicine manufacturer, invested around USD 2,224 million in R&D
for development of advanced products. Technological advancements in these products
propel their adoption in treatment of chronic diseases such as cardiac
arrhythmias and Parkinson's disease. The technological advanced
electroceuticals provide high reliability and efficiency during treatment.
Access Full Research Report on Bioelectric Medicine
Market: http://www.grandviewresearch.com/industry-analysis/electroceuticals-bioelectric-medicine-market
Further Key Findings From The Report Suggest:
- Implantable
cardioverter defibrillators segment was the largest revenue-generating
segment of the electroceuticals market in 2016 owing to large application
of these products for the treatment of arrhythmia
- The
implantable electroceuticals devices segment accounted for the largest
revenue share in the bioelectric medicine market in 2016 owing to
technological advancements
- In
the application segment, the arrhythmia segment accounted for the largest
share in 2016 and is expected to maintain its dominance throughout
forecast period
- The
hospitals dominated the electroceuticals market in terms of revenue in
2016 due to the escalating number of electroceutical devices implant
procedures in hospitals
- The
North America bioelectric medicine market is the leading regional sector
and accounted for the largest revenue share in 2016 mainly due to the
existence of large number of medical devices companies in this region
- The
Asia Pacific region is expected to grow at a highest growth rate during
the study period. The developing healthcare infrastructure and rising
healthcare awareness in the Asian countries such as China and India is a
major factor contributing to the growth in this region
- Some
of the major players include Medtronic; St. Jude Medical; Boston
Scientific Corporation; Cochlear Ltd.; Sonova; LivaNova PLC; Biotronik;
Nevro Corp.; SECOND SIGHT; and electroCore LLC.
View More Related
Reports From Same Category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research
has segmented the Global Electroceuticals Market on the basis of product, type,
application, end-use, and region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
- Implantable
cardioverter defibrillators
- Cardiac
pacemakers
- Cochlear
implants
- Spinal
cord stimulators
- Deep
brain stimulators
- Transcutaneous
electrical nerve stimulators
- Sacral
nerve stimulators
- Vagus
nerve stimulators
- Other
bioelectric medicines
Type Outlook (Revenue, USD Million; 2014 - 2025)
- Implantable
electroceutical devices
- Noninvasive
electroceutical devices
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Arrhythmia
- Pain
management
- Sensorineural
hearing loss
- Parkinson’s
disease
- Tremor
- Depression
- Treatment-resistant
depression
- Epilepsy
- Urinary
and fecal incontinence
- Others
End-Use Outlook (Revenue, USD Million; 2014 - 2025)
- Hospitals
- Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
View Press Release on Global Bioelectric
Medicine Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-electroceuticals-bioelectric-medicine-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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