Electroceuticals/Bioelectric Medicine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Electroceutical devices are a particular class of medical devices that are used to treat various ailments with the help of electric impulse. Electroceuticals is a relatively new class of therapeutic agents that targets and acts upon the neural circuits of organs. The electroceutical therapy includes mapping of neural circuitry and delivering electrical impulses to these specific targets via an implantable or non-implantable device.


MARKET DYNAMICS

Electroceuticals/bioelectric medicine market is anticipated to grow in the forecast period owing to driving factors such as rising number of chronic diseases leading to adoption of innovative and new therapeutic devices as well as technological advancements in electroceutical technology. Moreover, adoption of inorganic strategies such as collaborations and merger-acquisitions among the ecosystem players are also offering opportunities in the market growth during the forecast period.

MARKET SCOPE

The "Global Electroceuticals/Bioelectric Medicine Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of electroceuticals/bioelectric medicine market with detailed market segmentation by product type, modality, application, end user, and geography. The global electroceuticals/bioelectric medicine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electroceuticals/bioelectric medicine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global electroceuticals/bioelectric medicine market is segmented on the basis of product type, modality, application, and end user. Based on product type, the market is segmented as cardiac pacemakers, implantable cardioverter defibrillators, retinal implants, cochlear implants, spinal cord stimulators, deep brain stimulators, and others. Based on modality, the market is segmented as implantable devices and non-invasive devices. On the basis of application, the global electroceuticals/bioelectric medicine market is segmented into arrhythmia, pain management, coronary artery disease, diabetes, epilepsy, gastrointestinal diseases, and other applications. On the basis of end user, the global electroceuticals/bioelectric medicine market is divided into hospitals, academic research institutions, ambulatory surgical centers, home care settings, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electroceuticals/bioelectric medicine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electroceuticals/bioelectric medicine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting electroceuticals/bioelectric medicine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the electroceuticals/bioelectric medicine market in these regions.

Electroceuticals/Bioelectric Medicine Market Report Analysis

Electroceuticals/Bioelectric Medicine Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Cochlear Ltd.
• Abbott
• Sonova
• Boston Scientific Corporation
• Medtronic
• electroCore, Inc.
• LivaNova PLC
• Siemens Healthineers AG
• Biotronik, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Cardiac Pacemakers
• Implantable Cardioverter Defibrillators
• Retinal Implants
• Cochlear Implants
• Spinal Cord Stimulators
• Deep Brain Stimulators

By Modality

• Implantable Devices
• Non-Invasive Devices

By Application

• Arrhythmia
• Pain Management
• Coronary Artery Disease
• Diabetes
• Epilepsy
• Gastrointestinal Diseases
• Other Applications

By End User

• Hospitals
• Academic Research Institutions
• Ambulatory Surgical Centers
• Home Care Settings

MARKET PLAYERS

The report covers key developments in the electroceuticals/bioelectric medicine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electroceuticals/bioelectric medicine market are anticipated to lucrative growth opportunities in the future with the rising demand for electroceuticals/bioelectric medicine in the global market. Below mentioned is the list of few companies engaged in the electroceuticals/bioelectric medicine market.

The report also includes the profiles of key electroceuticals/bioelectric medicine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Cochlear Ltd.
•  Abbott
•  Sonova
•  Boston Scientific Corporation
•  Medtronic
•  electroCore, Inc.
•  LivaNova PLC
•  Siemens Healthineers AG
•  Biotronik, Inc.
•  NEVRO CORP.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electroceuticals/Bioelectric Medicine Market Report Scope