Electroceuticals/Bioelectric Medicine Market Size Worth $41.37 Billion by 2027, Industry Growth is Driven by Growing Prevalence of Neurological Disorders and Other Chronic Diseases | Reports and Data

Electroceuticals/Bioelectric Medicine Market Size Worth $41.37 Billion by 2027, Industry Growth is Driven by Growing Prevalence of Neurological Disorders and Other Chronic Diseases | Reports and Data

Reports and Data
The report studies the historical data and offers crucial forecast estimations to assist the readers, investors, stakeholders, and businesses to formulate strategic investment plans

High number of diseases due to rise in geriatric population, product launches, increasing strategic developments such as partnerships and agreements, favourable research funding scenario for development of Electroceuticals devices are key factors contributing to high CAGR of Bioelectric Medicine during forecast period.

Market Size – USD 21.7 Billion in 2019, Market Growth – CAGR of 8.5%. Market Trends – Product launches and research for Anti-Snoring devices and surgical instruments.

The global Electroceuticals/Bioelectric Market was valued at USD 21.7 Billion in 2019 and is expected to reach USD 41.37 Billion by year 2027, at a CAGR of 8.5%.

According to a study conducted by World Health Organisation in 2017, four major chronic diseases including cardiovascular diseases, cancers, diabetes, chronic respiratory diseases and diabetes were the major cause for 80% of all premature deaths.

Bioelectric medicine or Electroceuticals devices indicates the usage of devices instead of drugs, are safe to block, record and stimulate neural signals to cure from chronic disorders. They are invasive and non-invasive in nature which are held against the skin or implanted in nerve to restore the healthy condition of the patient without the complicated side of pharmaceutical agents. They treat diseases by the implication of devices which combine bioengineering, neuroscience, molecular medicines and electronics for the regulation of biological process. The bioelectric therapy also prompts the body to produce endorphins which helps to relieve pain in the body of the patients. So, usually there’s an inflammation which is the central phenomenon in all diseases starting from cancer to diabetes and secondly, this inflammation can be controlled through electrically stimulating vagus nerve. Electroceutical devices are used for the treatment of epilepsy, cardiovascular diseases, cancer, paralysis, rheumatoid arthritis and diabetes, etc. Key recent developments in the field of bioelectric medicine pharmaceutical include production of different electroceuticals devices. For instance, in April 2017, FDA approved a device called GammaCore launched by ElectroCore that transmits a mild electrical simulation to the vagus nerve through the skin, resulting in a reduction of pain to treat cluster headaches, a rare form of headache that affects mostly men.

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Key findings in the report:

  • Electroceuticals/Bioelectric Medicine market is fastest growing at a CAGR of 6% in Asia Pacific due to rising prevalence of population diagnosed with chronic disorders, obesity and old age and even huge positive R&D outcomes
  • The market for chronic pain segment is projected to have the highest CAGR during the forecasted period because of the prevalence of issues like diabetes, unhealthy lifestyle, high or low blood pressure and others which in turn leads to chronic diseases
  • Europe is the second largest region with a share of 31.0 % due to the high cases of mergers and acquisitions and advancements in R&D
  • Cardiac Pacemakers is accounted to be the second leading segment which is valued at USD 5411.7 million due to increasing number of patients with cardiac disorders and a huge demand and supply of implantable cardiac pacemakers across the regions
  • Hospitals segment has dominated the market in 2018 and will continue to do the same in the forecasted years
  • North America is expected to account for the 48.8% of the global Electroceuticals/Bioelectric Medicine market million owing to the prevalence increase in geriatric population, FDA approvals for retinal implants
  • Implantable Electroceuticals Devices segment holds the largest share in this market which is valued at USD 18886.2 million due to its large usage to cure arrhythmia, sensorineural hearing loss, tremor, ischemia etc
  • Key participants include Biotronic, GlaxoSmithKline, Medtronic PLC and Siemens AG

Electroceuticals/Bioelectric Medicine Market Size, Share & Analysis, By Product Type, By Devices Type (Implantable Electroceutical, Non-Invasive Electroceutical), By Application, By End User, Forecasts To 2027,
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Segments covered in the report:

For the purpose of the study, this Reports and Data has segmented the Global Electroceuticals/Bioelectric Medicine Market on the basis of product type, devices type, application, end user and the regional outlook:

Product Type (Revenue, USD Million; 2016–2027)

  • Cardiac Pacemakers
  • Implantable Cardioverter Defibrillators
  • Stimulators
    • Spinal cord
    • Deep brain
    • Vagus Nerve
    • Sacral Nerve
  • Transcutaneous Electrical Nerve
  • Implants
    • Retinal
    • Cochlear
  • Others

Devices Type (Revenue, USD Million; 2016–2027)

  • Implantable Electroceutical Devices
  • Non-Invasive Electroceutical Devices

Application (Revenue, USD Million; 2016–2027)

  • Pain Management
  • Depression
  • Epilepsy
  • Arrhythmia
  • Tremor
  • Parkinson’s Disease
  • Sensorineural Hearing Loss
  • Urinary and Fecal Incontinence
  • Menstrual migraine
  • Retinitis Pigmentosa
  • Spinal Cord Injury
  • Others

End User (Revenue, USD Million; 2016–2027)

  • Hospitals
  • Ambulatory Surgical Centres
  • Speciality Clinics
  • Homecare Centres
  • Individual Users
  • Others

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Regional Outlook (Revenue in USD Billion; 2017–2027)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of MEA

Table Of Content

Chapter 1. Market Synopsis

     1.1. Market Definition

     1.2. Research Scope & Premise

     1.3. Methodology

     1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018 – 2027

Chapter 3. Indicative Metrics

    3.1. Rising incidence of diseases

    3.2. Growing awareness among patients and physicians

    3.3. Advance R&D facilities and new product developments by companies

    3.4. Growing geriatric population

Chapter 4. Electroceuticals/Bioelectric Medicine Segmentation & Impact Analysis

    4.1. Electroceuticals/Bioelectric Medicine Segmentation Analysis

    4.2. Electroceuticals/Bioelectric Medicine Market Value Chain Analysis, 2016-2027

    4.3. Regulatory framework

    4.4. Electroceuticals/Bioelectric Medicine Market Impact Analysis

Continue …

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