Market Overview:
The global electroceuticals medicine market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in electroceuticals devices. Based on type, the global electroceuticals medicine market is segmented into implantable electroceuticals devices and non-invasive electroceuticals devices. The implantable electroceuticals device segment is further sub-segmented into cardiac rhythm management (CRM) devices, spinal cord stimulation (SCS) devices, deep brain stimulation (DBS) devices, gastric electrical stimulation (GES) Devices and other implantable Electrocephalicals Devices. and external defibrillators). Based on application, the global electrodecial market is divided into hospitals & clinics; research institutes; individual users; and other applications including military & defense sector and veterinary use.
Product Definition:
Electroceuticals Medicine is a branch of medicine that uses electrical stimulation to improve health and well-being. Electroceuticals Medicine is important because it can help treat conditions such as chronic pain, anxiety, and depression.
Implantable Electroceuticals Devices:
Implantable electroceuticals devices are medical devices that perform a therapeutic function by producing and delivering electrical signals to the brain. They are used for the treatment of various neurological disorders such as depression, Alzheimer's disease, epilepsy, Parkinson’s disease and others.
Non-Invasive Electroceuticals Devices:
Non-invasive electroceuticals devices are used in Electroceuticals medicine for the treatment of various disorders such as neurological, cardiac, and cancer. These devices produce specific electrical patterns that influence and stimulate the body's natural healing process by creating favorable conditions for cell growth & development.
Application Insights:
The market is categorized based on application as hospitals, research institutes, individual users, and others. The hospitals segment dominated the overall market in terms of revenue in 2017 owing to increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases. In addition, growing geriatric population across the globe is expected to boost demand for electroceuticals medicines in hospital-based settings over the forecast period.
The research institutes segment are anticipated to witness lucrative CAGR over the forecast period due to rising government funding for medical device R&D along with increasing number of clinical trials supported by private organizations and companies at a global level.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing geriatric population, rising awareness about electroceuticals medicines, and presence of well-established healthcare facilities. Moreover, high disposable income of individuals in this region is anticipated to fuel the demand for advanced medical devices and treatments over the forecast period.
Asia Pacific is projected to be one of fastest growing regions during the same period owing to rapid economic development coupled with improving healthcare infrastructure in emerging countries such as China and India. Furthermore, government initiatives encouraging research activities are likely boost regional growth over next eight years. For instance, ‘India International Electroceuticals Conference’ was organized recently at New Delhi which focused on novel devices & therapies across a broad range of diseases from chronic conditions through oncology & neurodegenerative disorders (April 2018).
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. Electroceuticals medicine offers a potential solution to this problem by helping to manage these conditions in a more effective and efficient manner.
- Growing demand for minimally invasive treatments: Electroceuticals medicine offers a number of advantages over traditional treatments such as surgery or medication. These include reduced risk of infection, shorter recovery times, and minimal side effects. As a result, there is growing demand for electroceuticals therapies among patients worldwide.
- Advances in technology: The field of electroceuticals medicine is constantly evolving with new technologies being developed all the time. This has led to increased accuracy and efficacy in electroceutical therapies, which in turn has boosted market growth prospects significantly over the past few years alone .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electroceuticals Medicine Market Research Report
By Type
Implantable Electroceuticals Devices, Non-Invasive Electroceuticals Devices
By Application
Hospitals, Research Institutes, Individual Users, Other
By Companies
Medtronic PLC, St Jude Medical Inc, Boston Scientific Corporation, Cochlear Limited, Sonova Holding AG, LivaNova, Biotronik, Nevro Corporation, Second Sight Medical Products, ElectroCore LLC, Medtronic PLC, Vomaris Innovations Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Electroceuticals Medicine Market Report Segments:
The global Electroceuticals Medicine market is segmented on the basis of:
Types
Implantable Electroceuticals Devices, Non-Invasive Electroceuticals Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Research Institutes, Individual Users, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic PLC
- St Jude Medical Inc
- Boston Scientific Corporation
- Cochlear Limited
- Sonova Holding AG
- LivaNova
- Biotronik
- Nevro Corporation
- Second Sight Medical Products
- ElectroCore LLC
- Medtronic PLC
- Vomaris Innovations Inc
Highlights of The Electroceuticals Medicine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Implantable Electroceuticals Devices
- Non-Invasive Electroceuticals Devices
- By Application:
- Hospitals
- Research Institutes
- Individual Users
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electroceuticals Medicine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electroceuticals medicine is a new type of medical treatment that uses electrical stimulation to improve the function of the brain and body. This type of treatment is used to treat conditions like Alzheimer's disease, stroke, and chronic pain.
Some of the major players in the electroceuticals medicine market are Medtronic PLC, St Jude Medical Inc, Boston Scientific Corporation, Cochlear Limited, Sonova Holding AG, LivaNova, Biotronik, Nevro Corporation, Second Sight Medical Products, ElectroCore LLC, Medtronic PLC, Vomaris Innovations Inc.
The electroceuticals medicine market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electroceuticals Medicine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electroceuticals Medicine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electroceuticals Medicine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electroceuticals Medicine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electroceuticals Medicine Market Size & Forecast, 2020-2028
4.5.1 Electroceuticals Medicine Market Size and Y-o-Y Growth
4.5.2 Electroceuticals Medicine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Implantable Electroceuticals Devices
5.2.2 Non-Invasive Electroceuticals Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Research Institutes
6.2.3 Individual Users
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electroceuticals Medicine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electroceuticals Medicine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Implantable Electroceuticals Devices
9.6.2 Non-Invasive Electroceuticals Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Research Institutes
9.10.3 Individual Users
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Implantable Electroceuticals Devices
10.6.2 Non-Invasive Electroceuticals Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Research Institutes
10.10.3 Individual Users
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Implantable Electroceuticals Devices
11.6.2 Non-Invasive Electroceuticals Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Research Institutes
11.10.3 Individual Users
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Implantable Electroceuticals Devices
12.6.2 Non-Invasive Electroceuticals Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Research Institutes
12.10.3 Individual Users
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Implantable Electroceuticals Devices
13.6.2 Non-Invasive Electroceuticals Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Research Institutes
13.10.3 Individual Users
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electroceuticals Medicine Market: Competitive Dashboard
14.2 Global Electroceuticals Medicine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic PLC
14.3.2 St Jude Medical Inc
14.3.3 Boston Scientific Corporation
14.3.4 Cochlear Limited
14.3.5 Sonova Holding AG
14.3.6 LivaNova
14.3.7 Biotronik
14.3.8 Nevro Corporation
14.3.9 Second Sight Medical Products
14.3.10 ElectroCore LLC
14.3.11 Medtronic PLC
14.3.12 Vomaris Innovations Inc
