Market Overview:
The global electroceuticals/bioelectric market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, technological advancements in electroceutical devices, and rising demand for minimally invasive procedures. The implantable electroceutical devices segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for these devices due to their ability to provide long-term relief from chronic pain and other conditions. The hospital segment is expected to dominate the global electroceuticals/bioelectric market during the forecast period. This dominance can be attributedtothe growing number of hospitals worldwide and rising adoption of minimally invasive procedures by patients.
Product Definition:
Bioelectricity is the study of how living things use electrical signals to control their functions. Electroceuticals are drugs that use electrical signals to treat diseases. The importance of electroceuticals is that they can be used to treat diseases without the side effects of traditional drugs.
Implantable Electroceutical Devices:
Implantable electroceutical devices are medical devices that are implanted in the body to carry out electrical stimulation for therapeutic purposes. They comprise of two parts, an implantable pulse generator (IPG) and an external pulse generator (EPG). The IPG is a battery-powered device that generates a short-term electric field which causes pain relief by triggering nerves associated with the chronic pain.
Non-invasive Electroceutical Devices:
Non-invasive electroceutical devices are used to diagnose, treat and prevent diseases related to the Central Nervous System (CNS) and peripheral nervous system. These devices have gained tremendous popularity in recent years due to their non-invasive nature which helps patients avoid surgery or any other invasive procedures.
Application Insights:
The others application segment includes home healthcare, hospitality and transportation. The demand for the product is expected to increase owing to rising awareness regarding the benefits of bioelectronics in these sectors. Furthermore, increasing number of clinical trials that are conducted to prove the efficiency of implantable electroceutical devices in various applications including diabetes and cardiac disorders drives market growth.
Electroceuticals/bioelectricity has numerous applications across a wide range of industries such as energy & power, medical electronics, automotive & transport etc.; however; its penetration is less compared to other segments due to high costs associated with it. Increasing R&D activities by major players coupled with growing adoption rates among key industry participants are anticipated to drive growth over the forecast period.
Clinical trial results proved that TAVR reduces complications as compared with conventional open heart surgery which eventually boosts market growth over the forecast period especially in Europe.
Regional Analysis:
North America dominated the global market in 2017. The presence of major players, advanced healthcare infrastructure, and high disposable income are some of the factors responsible for its large share. Moreover, increasing R&D investments by companies and rising adoption of electroceuticals/bioelectric devices in this region are expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to untapped opportunities in this region coupled with growing medical tourism industry due to availability of advanced healthcare treatments at a cheaper cost as compared to North America and Europe. In addition, rising awareness about various treatment options available along with improving healthcare facilities is further expected fuel regional demand during the projected time frame. ‘‘‘‘ â““©¡°-:;#$%&'()*+,-.
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. Chronic diseases are those that are long-term and cannot be cured completely but can be managed with proper treatment. Some common examples of chronic diseases include heart disease, stroke, diabetes, cancer, and arthritis. Electroceuticals/bioelectric therapies have been found to be very effective in managing these conditions effectively and reducing their symptoms significantly. As a result, the demand for electroceuticals/bioelectric therapies is expected to grow significantly in the coming years.
- Growing awareness about electroceuticals/bioelectric therapies: There has been a growing awareness about electroceuticals/bioelectric therapies in recent years among both patients and healthcare professionals alike. This is primarily because these therapies offer an alternative or complementary treatment option for many chronic conditions which conventional treatments may not always be able to manage effectively or cure completely . As a result, more people are now turning to electroceuticals/ bioelectric therapies as their first choice for treatment which is likely to drive the growth of this market in the coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electroceuticals/Bioelectric Market Research Report
By Type
Implantable Electroceutical Devices, Non-invasive Electroceutical Devices
By Application
Hospital, Clinic, Others
By Companies
Medtronic, Boston Scientific, St. Jude Medical, Cochlear, LivaNova, Sonova, BIOTRONIK, SECOND SIGHT, Nevro, ElectroCore
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Electroceuticals/Bioelectric Market Report Segments:
The global Electroceuticals/Bioelectric market is segmented on the basis of:
Types
Implantable Electroceutical Devices, Non-invasive Electroceutical 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
Hospital, Clinic, Others
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
- Boston Scientific
- St. Jude Medical
- Cochlear
- LivaNova
- Sonova
- BIOTRONIK
- SECOND SIGHT
- Nevro
- ElectroCore
Highlights of The Electroceuticals/Bioelectric 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 Electroceutical Devices
- Non-invasive Electroceutical Devices
- By Application:
- Hospital
- Clinic
- Others
- 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/Bioelectric 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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- Product & Brand Management
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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 are a type of bioelectric medicine that uses electrical stimulation to treat medical conditions. Electroceuticals can be used to improve the function of the nervous system, muscles, and other organs.
Some of the major players in the electroceuticals/bioelectric market are Medtronic, Boston Scientific, St. Jude Medical, Cochlear, LivaNova, Sonova, BIOTRONIK, SECOND SIGHT, Nevro, ElectroCore.
The electroceuticals/bioelectric 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/Bioelectric 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/Bioelectric Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electroceuticals/Bioelectric 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/Bioelectric 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/Bioelectric Market Size & Forecast, 2018-2028
4.5.1 Electroceuticals/Bioelectric Market Size and Y-o-Y Growth
4.5.2 Electroceuticals/Bioelectric Market Absolute $ Opportunity
Chapter 5 Global Electroceuticals/Bioelectric 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 Electroceuticals/Bioelectric Market Size Forecast by Type
5.2.1 Implantable Electroceutical Devices
5.2.2 Non-invasive Electroceutical Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electroceuticals/Bioelectric 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 Electroceuticals/Bioelectric Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electroceuticals/Bioelectric 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/Bioelectric 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 Electroceuticals/Bioelectric Analysis and Forecast
9.1 Introduction
9.2 North America Electroceuticals/Bioelectric 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 Electroceuticals/Bioelectric Market Size Forecast by Type
9.6.1 Implantable Electroceutical Devices
9.6.2 Non-invasive Electroceutical 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 Electroceuticals/Bioelectric Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
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 Electroceuticals/Bioelectric Analysis and Forecast
10.1 Introduction
10.2 Europe Electroceuticals/Bioelectric 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 Electroceuticals/Bioelectric Market Size Forecast by Type
10.6.1 Implantable Electroceutical Devices
10.6.2 Non-invasive Electroceutical 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 Electroceuticals/Bioelectric Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
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 Electroceuticals/Bioelectric Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electroceuticals/Bioelectric 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 Electroceuticals/Bioelectric Market Size Forecast by Type
11.6.1 Implantable Electroceutical Devices
11.6.2 Non-invasive Electroceutical 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 Electroceuticals/Bioelectric Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
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 Electroceuticals/Bioelectric Analysis and Forecast
12.1 Introduction
12.2 Latin America Electroceuticals/Bioelectric 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 Electroceuticals/Bioelectric Market Size Forecast by Type
12.6.1 Implantable Electroceutical Devices
12.6.2 Non-invasive Electroceutical 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 Electroceuticals/Bioelectric Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
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) Electroceuticals/Bioelectric Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electroceuticals/Bioelectric 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) Electroceuticals/Bioelectric Market Size Forecast by Type
13.6.1 Implantable Electroceutical Devices
13.6.2 Non-invasive Electroceutical 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) Electroceuticals/Bioelectric Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
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/Bioelectric Market: Competitive Dashboard
14.2 Global Electroceuticals/Bioelectric Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Boston Scientific
14.3.3 St. Jude Medical
14.3.4 Cochlear
14.3.5 LivaNova
14.3.6 Sonova
14.3.7 BIOTRONIK
14.3.8 SECOND SIGHT
14.3.9 Nevro
14.3.10 ElectroCore
