ElectroceuticalsBioelectric Medicine Market Insights Development Trend Forecast To 2025
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Electroceuticals/Bioelectric <strong>Medicine</strong> <strong>Market</strong> <strong>Insights</strong> |<br />
<strong>Development</strong> <strong>Trend</strong> | <strong>Forecast</strong> <strong>To</strong> <strong>2025</strong><br />
“Global Electroceuticals/Bioelectric <strong>Medicine</strong> <strong>Market</strong> report includes in-depth<br />
analysis of industry by recent technologies, trends, opportunities, challenges,<br />
key players and business strategies considering types, segment and future<br />
outlook.”<br />
The global Electroceuticals/Bioelectric <strong>Medicine</strong> <strong>Market</strong> size was estimated at USD 17.2 billion<br />
in 2016 and is anticipated to reach USD 35.5 billion by <strong>2025</strong>. Electroceuticals/Bioelectronics is<br />
the branch of emerging medicine that utilizes electrical impulses to control the body’s neural<br />
circuits as a substitute to drug-based interventions. These electroceutical devices primarily<br />
recite and transform electrical signals passing along the nerves of the body comprising irregular<br />
or different impulses that occur in association with a wide range of diseases.<br />
The global Electroceuticals/Bioelectrical <strong>Medicine</strong>s <strong>Market</strong> is classified on the basis of product,<br />
type of device, end-user, application, and geography On the basis of products, the global<br />
Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong> is classified as Cochlear Implants, Deep Brain<br />
Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Cardiac<br />
Pacemakers, Spinal Cord Stimulators, Sacral Nerve Stimulators, Retinal Implants, Implantable<br />
Cardioverter Defibrillators, and the other Electrical Stimulators. In 2016, the Implantable<br />
Cardioverter Defibrillators sector is projected to hold the largest share of the global<br />
Electroceuticals/Bioelectrical <strong>Market</strong>. Nevertheless, during the forecast period, the Retinal<br />
Implants are anticipated to grow at the highest rate.<br />
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The factors that propel the growth of the global Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong><br />
include high-tech advancements, increase in disposable income, increasing incidences of<br />
hearing loss, expanding geriatric population, development of new therapies, rising prevalence<br />
of neurological disorders, and increasing capital investment. On the other hand, there are also<br />
factors that hamper the growth of the global Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong> like<br />
the dearth of trained professionals.<br />
On the basis of type of device, the global Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong> is<br />
classified into two major classes: Implantable Electroceuticals Devices and Non-Invasive<br />
Electroceuticals Devices. As of 2016, the Implantable Electroceuticals Devices dominate the<br />
largest share of the Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong>. On the other hand, during<br />
the forecast period, the Non-Invasive Electroceuticals Devices is estimated to grow at the<br />
highest rate.<br />
Browse Full Research Report @ https://www.millioninsights.com/industryreports/electroceuticals-bioelectric-medicine-market<br />
On the basis of end-user, the global Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong> is classified<br />
as Hospitals, Individual Users, and Research Institutes. In 2016, the largest market share was<br />
dominated by hospitals. However, during the forecast period the individual users are anticipated<br />
to hold the highest share. On the basis of application, the global Electroceuticals/Bioelectrical<br />
<strong>Medicine</strong> <strong>Market</strong> is classified as Cardiac Pacemakers, Implantable Cardioverter Defibrillators.<br />
Transcutaneous Electrical Nerve Stimulators, Sacral Nerve Stimulators, Spinal Cord Stimulators,<br />
Cochlear Implants, Deep Brain Stimulators, Vagus Nerve Stimulators, and the other Electrical<br />
Stimulators,<br />
On the basis of geography, the global Electroceuticals/Bioelectrical <strong>Medicine</strong> <strong>Market</strong> is classified<br />
as North America, Europe, Asia Pacific, and Rest of the World. North America is projected to<br />
dominate the largest share of the global Electroceuticals/Bioelectrical <strong>Market</strong>. The factors that<br />
attribute to the large market share by North America are growing incidences of diabetes and<br />
cancer, rising occurrence of hearing loss, increasing prevalence of arrhythmia, high frequency<br />
of chronic diseases, and so on. Nevertheless, during the forecast period, Asia Pacific region is<br />
anticipated to rise at the highest growth rate owing to factors like increasing geriatric<br />
population, rising prevalence of diabetes, growing occurrence of loss in hearing, and so on.
Some of the prominent players that fuel the growth of the global Electroceuticals/Bioelectrical<br />
<strong>Medicine</strong> <strong>Market</strong> include Cefaly Technology, Stimwave LLC, Vomaris Innovations, Inc.,<br />
EnteroMedics Inc., NeuroSigma, Inc., Second Sight Medical Products, Inc., ElectroCore LLC,<br />
BioElectronics Corporation, MED-EL, Oticon Medical, Medtronic plc, St. Jude Medical, Inc.,<br />
Boston Scientific Corporation, Cochlear Limited, Sonova Holding AG, LivaNova PLC, Biotronik,<br />
and Nevro Corporation.<br />
<strong>Market</strong> Segment:<br />
Product Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Implantable cardioverter defibrillators<br />
• Cardiac pacemakers<br />
• Cochlear implants<br />
• Spinal cord stimulators<br />
• Deep brain stimulators<br />
• Transcutaneous electrical nerve stimulators<br />
• Sacral nerve stimulators<br />
• Vagus nerve stimulators<br />
• Other bioelectric medicines<br />
Type Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Implantable electroceutical devices<br />
• Noninvasive electroceutical devices<br />
Application Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Arrhythmia<br />
• Pain management<br />
• Sensorineural hearing loss<br />
• Parkinson’s disease<br />
• Tremor<br />
• Depression<br />
• Treatment-resistant depression<br />
• Epilepsy<br />
• Urinary and fecal incontinence<br />
• Others<br />
End-Use Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)
• Hospitals<br />
• Others<br />
Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• Germany<br />
• UK<br />
• Asia Pacific<br />
• Japan<br />
• China<br />
• India<br />
• Latin America<br />
• Brazil<br />
• Mexico<br />
• MEA<br />
• South Africa<br />
See More Reports of this Category by Million <strong>Insights</strong> @<br />
https://www.millioninsights.com/industry/medical-devices
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