The global electroceuticals/bioelectric medicine market is expected to reach USD 35.5 billion by 2025, according to a new report by Grand View Research, Inc. Rising geriatric population is the major factor that is expected to propel growth during the forecast period. Aging population is prone to various diseases such as cardiac arrhythmias, Parkinson's disease, Alzheimer's disease, epilepsy, and depression. There are various advanced electroceuticals including implantable cardioverter defibrillators, cochlear implants, cardiac pacemakers, and spinal cord stimulators, which can be used for the treatment of these conditions.
Increasing investment in the development of advanced bioelectric medicine is another major factor supporting the growth of the electroceuticals market. For instance, in FY 2016, Medtronic, a leading bioelectric medicine manufacturer, invested around USD 2,224 million in R&D for development of advanced products. Technological advancements in these products propel their adoption in treatment of chronic diseases such as cardiac arrhythmias and Parkinson's disease. The technological advanced electroceuticals provide high reliability and efficiency during treatment.
Full research report on electroceuticals/bioelectric medicine market analysis: http://www.grandviewresearch.com/industry-analysis/electroceuticals-bioelectric-medicine-market
U.S. electroceuticals/bioelectric medicine market by application, 2014-2025 (USD million)
Further Key Findings From The Report Suggest:
-
Implantable cardioverter defibrillators segment was the largest revenue-generating segment of the electroceuticals market in 2016 owing to large application of these products for the treatment of arrhythmia
-
The implantable electroceuticals devices segment accounted for the largest revenue share in the bioelectric medicine market in 2016 owing to technological advancements
-
In the application segment, the arrhythmia segment accounted for the largest share in 2016 and is expected to maintain its dominance throughout forecast period
-
The hospitals dominated the electroceuticals market in terms of revenue in 2016 due to the escalating number of electroceutical devices implant procedures in hospitals
-
The North America bioelectric medicine market is the leading regional sector and accounted for the largest revenue share in 2016 mainly due to the existence of large number of medical devices companies in this region
-
The Asia Pacific region is expected to grow at a highest growth rate during the study period. The developing healthcare infrastructure and rising healthcare awareness in the Asian countries such as China and India is a major factor contributing to the growth in this region
-
Some of the major players include Medtronic; St. Jude Medical; Boston Scientific Corporation; Cochlear Ltd.; Sonova; LivaNova PLC; Biotronik; Nevro Corp.; SECOND SIGHT; and electroCore LLC.
View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices
North America bioelectric medicine market share, by product, 2016 (%)
Grand View Research has segmented the global electroceuticals market on the basis of product, type, application, end-use, and region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
-
Implantable cardioverter defibrillators
-
Cardiac pacemakers
-
Cochlear implants
-
Spinal cord stimulators
-
Deep brain stimulators
-
Transcutaneous electrical nerve stimulators
-
Sacral nerve stimulators
-
Vagus nerve stimulators
-
Other bioelectric medicines
Type Outlook (Revenue, USD Million; 2014 - 2025)
-
Implantable electroceutical devices
-
Noninvasive electroceutical devices
Application Outlook (Revenue, USD Million; 2014 - 2025)
-
Arrhythmia
-
Pain management
-
Sensorineural hearing loss
-
Parkinson’s disease
-
Tremor
-
Depression
-
Treatment-resistant depression
-
Epilepsy
-
Urinary and fecal incontinence
-
Others
End-Use Outlook (Revenue, USD Million; 2014 - 2025)
-
Hospitals
-
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
-
U.S.
-
Canada
-
-
Europe
-
Germany
-
UK
-
-
Asia Pacific
-
Japan
-
China
-
India
-
-
Latin America
-
Brazil
-
Mexico
-
-
MEA
-
South Africa
Read Our Blog: http://www.grandviewresearch.com/blogs/healthcare
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email:Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/electroceuticals-bioelectric-medicine-market
