Market Overview:
The global electroceuticals/bioelectric medicine 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, rising geriatric population, and technological advancements in electroceuticals devices. Based on type, the pacemakers segment is expected to account for the largest share of the global electroceuticals/bioelectric medicine market in 2018. This segment is also projected to grow at a CAGR of 10.9% from 2018 to 2030. The large share and high growth rate for this segment can be attributed to the increasing incidence of arrhythmia and other cardiac disorders across the globe. Based on application, the arrhythmia segment is expected to account for the largest share ofthe global electroceuticals/bioelectric medicine market in 2018. This segment is also projectedto grow at a CAGRof 11% from2018to2030 .
Product Definition:
Electroceuticals/Bioelectric Medicine is a term used to describe the use of electrical current and voltage to stimulate or suppress biological processes. Electroceuticals/Bioelectric Medicine is an important tool for treating a variety of medical conditions.
Pacemakers:
Pacemakers are used to treat cardiac disorders such as arrhythmia and heart failure. They are also used in cases of life-threatening heartbeats or if the patient is at risk of a stroke. Pacemakers can be classified on the basis of their applications into implantable and noninvasive pacemakers.
Cochlear Implants:
Cochlear implants are medical devices that help restore hearing to people who have suffered from sensorineural deafness caused by disease or injury. They work by sending sound signals from the sound source to the brain via the auditory nerve. There are two types of cochlear implants: internal and external.
Application Insights:
Electroceuticals/bioelectric medicine find their application in various disease categories such as arrhythmia, depression, migraine, epilepsy and others. In 2017, the arrhythmia segment dominated the market with a share of 24.1% in terms of revenue. The segment is expected to witness lucrative growth during the forecast period owing to increasing awareness about Electrocardiograph (ECG) monitoring and diagnosis coupled with rising prevalence of cardiac disorders across the globe.
The depression segment held a significant share in 2017 due to high product usage for treatment purposes only.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high disposable income, and favorable government policies are some of the major factors contributing to its growth. Moreover, increasing demand for technologically advanced medical devices is expected to drive the market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and prevalence of cardiac disorders in this region. In addition, growing awareness regarding electroceuticals/bioelectric medicines among patients is likely to propel regional market growth over next eight years. Increasing investments by prominent players in developing countries such as China and India are also expected fuel industry expansion during this period (2016 To 2018).
Growth Factors:
- Increasing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular diseases is expected to drive the demand for electroceuticals/bioelectric medicines over the forecast period.
- Rising geriatric population is also anticipated to boost the market growth owing to increasing incidence of age-related chronic diseases.
- Growing awareness about the benefits of electroceuticals/bioelectric medicines among patients and healthcare professionals is projected to propel market growth during the forecast period.
- Technological advancements in electrode design and development are likely to create new opportunities for market players in electroceuticals/bioelectric medicine market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electroceuticals/Bioelectric Medicine Market Research Report
By Type
Pacemakers, Cochlear Implants, Spinal Cord Stimulators, Implantable Cardioverter Defibrillators, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Sacral Nerve Stimulators, Retinal Implants
By Application
Arrhythmia, Depression, Migraine
By Companies
Medtronic, St.Jude Medical, Boston, Cochlear, Biotronik, Livanova, Sonova, Nevro, Electrocore, Second Sight Medical Products, Medtronic
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Electroceuticals/Bioelectric Medicine Market Report Segments:
The global Electroceuticals/Bioelectric Medicine market is segmented on the basis of:
Types
Pacemakers, Cochlear Implants, Spinal Cord Stimulators, Implantable Cardioverter Defibrillators, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Sacral Nerve Stimulators, Retinal Implants
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
Arrhythmia, Depression, Migraine
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
- St.Jude Medical
- Boston
- Cochlear
- Biotronik
- Livanova
- Sonova
- Nevro
- Electrocore
- Second Sight Medical Products
- Medtronic
Highlights of The Electroceuticals/Bioelectric 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:
- Pacemakers
- Cochlear Implants
- Spinal Cord Stimulators
- Implantable Cardioverter Defibrillators
- Deep Brain Stimulators
- Transcutaneous Electrical Nerve Stimulators
- Vagus Nerve Stimulators
- Sacral Nerve Stimulators
- Retinal Implants
- By Application:
- Arrhythmia
- Depression
- Migraine
- 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 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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/Bioelectric Medicine is a new type of medical treatment that uses electrical stimulation to improve the function of the body's cells. This treatment is used to treat a variety of conditions, including pain, inflammation, and nerve damage.
Some of the major players in the electroceuticals/bioelectric medicine market are Medtronic, St.Jude Medical, Boston, Cochlear, Biotronik, Livanova, Sonova, Nevro, Electrocore, Second Sight Medical Products, Medtronic.
The electroceuticals/bioelectric 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/Bioelectric 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/Bioelectric Medicine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electroceuticals/Bioelectric 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/Bioelectric 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/Bioelectric Medicine Market Size & Forecast, 2018-2028
4.5.1 Electroceuticals/Bioelectric Medicine Market Size and Y-o-Y Growth
4.5.2 Electroceuticals/Bioelectric Medicine Market Absolute $ Opportunity
Chapter 5 Global Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Type
5.2.1 Pacemakers
5.2.2 Cochlear Implants
5.2.3 Spinal Cord Stimulators
5.2.4 Implantable Cardioverter Defibrillators
5.2.5 Deep Brain Stimulators
5.2.6 Transcutaneous Electrical Nerve Stimulators
5.2.7 Vagus Nerve Stimulators
5.2.8 Sacral Nerve Stimulators
5.2.9 Retinal Implants
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Applications
6.2.1 Arrhythmia
6.2.2 Depression
6.2.3 Migraine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electroceuticals/Bioelectric 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/Bioelectric 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 Electroceuticals/Bioelectric Medicine Analysis and Forecast
9.1 Introduction
9.2 North America Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Type
9.6.1 Pacemakers
9.6.2 Cochlear Implants
9.6.3 Spinal Cord Stimulators
9.6.4 Implantable Cardioverter Defibrillators
9.6.5 Deep Brain Stimulators
9.6.6 Transcutaneous Electrical Nerve Stimulators
9.6.7 Vagus Nerve Stimulators
9.6.8 Sacral Nerve Stimulators
9.6.9 Retinal Implants
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 Medicine Market Size Forecast by Applications
9.10.1 Arrhythmia
9.10.2 Depression
9.10.3 Migraine
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 Medicine Analysis and Forecast
10.1 Introduction
10.2 Europe Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Type
10.6.1 Pacemakers
10.6.2 Cochlear Implants
10.6.3 Spinal Cord Stimulators
10.6.4 Implantable Cardioverter Defibrillators
10.6.5 Deep Brain Stimulators
10.6.6 Transcutaneous Electrical Nerve Stimulators
10.6.7 Vagus Nerve Stimulators
10.6.8 Sacral Nerve Stimulators
10.6.9 Retinal Implants
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 Medicine Market Size Forecast by Applications
10.10.1 Arrhythmia
10.10.2 Depression
10.10.3 Migraine
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 Medicine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Type
11.6.1 Pacemakers
11.6.2 Cochlear Implants
11.6.3 Spinal Cord Stimulators
11.6.4 Implantable Cardioverter Defibrillators
11.6.5 Deep Brain Stimulators
11.6.6 Transcutaneous Electrical Nerve Stimulators
11.6.7 Vagus Nerve Stimulators
11.6.8 Sacral Nerve Stimulators
11.6.9 Retinal Implants
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 Medicine Market Size Forecast by Applications
11.10.1 Arrhythmia
11.10.2 Depression
11.10.3 Migraine
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 Medicine Analysis and Forecast
12.1 Introduction
12.2 Latin America Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Type
12.6.1 Pacemakers
12.6.2 Cochlear Implants
12.6.3 Spinal Cord Stimulators
12.6.4 Implantable Cardioverter Defibrillators
12.6.5 Deep Brain Stimulators
12.6.6 Transcutaneous Electrical Nerve Stimulators
12.6.7 Vagus Nerve Stimulators
12.6.8 Sacral Nerve Stimulators
12.6.9 Retinal Implants
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 Medicine Market Size Forecast by Applications
12.10.1 Arrhythmia
12.10.2 Depression
12.10.3 Migraine
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 Medicine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electroceuticals/Bioelectric Medicine 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 Medicine Market Size Forecast by Type
13.6.1 Pacemakers
13.6.2 Cochlear Implants
13.6.3 Spinal Cord Stimulators
13.6.4 Implantable Cardioverter Defibrillators
13.6.5 Deep Brain Stimulators
13.6.6 Transcutaneous Electrical Nerve Stimulators
13.6.7 Vagus Nerve Stimulators
13.6.8 Sacral Nerve Stimulators
13.6.9 Retinal Implants
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 Medicine Market Size Forecast by Applications
13.10.1 Arrhythmia
13.10.2 Depression
13.10.3 Migraine
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 Medicine Market: Competitive Dashboard
14.2 Global Electroceuticals/Bioelectric Medicine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 St.Jude Medical
14.3.3 Boston
14.3.4 Cochlear
14.3.5 Biotronik
14.3.6 Livanova
14.3.7 Sonova
14.3.8 Nevro
14.3.9 Electrocore
14.3.10 Second Sight Medical Products
14.3.11 Medtronic
