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Global Bioelectronics Market Analysis, 2018-2026 - F. Hoffmann-La Roche Ltd, Abbott laboratories, LifeSensors

09-04-2018 02:18 PM CET | Health & Medicine

Press release from: CMI - Medical Devices

Global Bioelectronics Market

Global Bioelectronics Market

Bioelectronics is a branch of medical science that deals with the application of ideologies of biological sciences in electrical/electronic engineering. In simpler terms, bioelectronics is the combination of biology and electronics. This is an essential emerging field in medicine. Bioelectronics has led to the expansion of various devices such as the pacemaker and a wide variety of therapeutic imaging devices that are easily accessible. The nervous system transmits an endless number of signals to carry out various functions of the human body. This creates a highly lucrative growth prospect for the study of bioelectronics and the related market is projected to flourish over the next few years.

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Some of the major tools associated with bioelectronics are bioelectromagnetics, robotics, sensors, and neural networks. Bioelectronics have been making a huge impact in the medicinal field from its early days, however, bioelectronics’ role in medical science is likely to grow at an incredible pace during the forecast period, touching disparate healthcare specialties such as vision disorders and spinal injuries. Wide-ranging research and development activities related to bioelectronics will aid in the increasing health care market by facilitating on-site diagnosis as well. Apart from life sciences and medical research, it is used in ecological monitoring as well, with requirement for the latter anticipated to rise speedily in the forecast period, owing to growing danger of global warming around the globe.

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Key Vendors of Bioelectronics Market: F. Hoffmann-La Roche Ltd, Abbott laboratories, LifeSensors, Siemens Healthcare, Nova Biomedical Corporation and AgaMatrix.

Bioelectronics Market Taxonomy:

On the basis of product type, the market is classified into:

Electrochemical biosensors
Piezoelectric biosensors
Thermal biosensors
Optical biosensors

On the basis of application, the global market is classified into:

Fabrication Templates
Biochips
Implantable Devices
Prosthetic
Artificial Organs
Pills
Surgical
Biofuel Cells
Molecular Motors

Rising demand for diagnostic tests and monitoring devices like cardiac pacemakers, devices for measuring blood glucose level, and other medical devices are expected to increase the market size. Increasing incidence of diabetes along with rising need to monitor blood glucose level is expected to impact the market optimistically. Advances in technology and growing innovation in the field are some of the other reasons that will drive the growth of the bioelectronics market over the forecast period.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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