Press release
Bioelectric Medicine Market Trends, Share and Forecast 2017-2027: GlaxoSmithKline, Medtronic Plc., Boston Scientific Corporation, Set Point Medical, Siemens AG, Biotronic, Nevro Corporation, Liva Nova Plc.
Technology is changing the world and bioelectric medicine is fore front of technological revolution in medical sciences. The pharmaceutical industry’s history is based on therapies that target molecular mechanism. Bioelectric medicine has different treatment therapy that is based on electrical pulses instead of drugs to trigger the body. Bioelectric medicine develops nerve stimulating and sensors activation technologies to regulate biological functions and treat diseases by combining bioengineering, neuroscience, molecular medicines, electronics and computing these technologies may change the future of therapies for wide range of diseases. Bioelectric medicine act through targeted mechanism of action to treat diseases. Though the concept of using bioelectric medicines to treat the patient has been around decades, technological advancements are driving the market to grow in near future. Bioelectric medicine is the field where devices are made to treat various kind of diseases like rheumatoid arthritis, diabetes, paralysis and cancer as well.Bioelectric Medicine Market: Dynamics
Increasing research and development in bioelectric medicals with rising number of organizations investing for development of bioelectric medicines are primary driving factors for the growth of bioelectric medicine market. Bioelectric medicines or electroceuticals are new trend in therapy of treating disease. Though these therapies are expensive, often toxic and difficult to administer, continuous scope for technological advancement and ground breaking discipline is targeted at electronics with nerves to specially aim the biological processes to various diseases. Pharmaceutical companies, biotechnology entities, research institutes, and laboratories are increasingly adopting bioelectric medicine technology. As bioelectric medicine are small devices there is huge scope for companies having product pipeline into medical device industry.
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Bioelectric Medicine Market: Segmentation
On the basis of device type global bioelectric medicine market is segmented into
Implantable
Non implantable
On the basis of product type global bioelectric market is segmented into
Defibrillators
Pacemakers
Stimulators
Spinal Cord Stimulators
Deep Brain Stimulators
Vagus Nerve Stimulators
sacral Nerve Stimulators
others
Implants
Retinal Implants
cochlear Implants
Other
On the basis of application global bioelectric medicine market is segmented into
Arrhythmia
Chronic Pain
Parkinson’s Disease
Epilepsy
Urinary Incontinence
Menstrual migraine
Fecal Incontinence
Retinitis Pigmentosa
Depression
Spinal Cord Injury
Obesity
Others
On the basis of end user global bioelectric medicine market is segmented into
Hospitals
Ambulatory surgical centers
Specialty clinics
Home care settings
Other
The adoption of bioelectric medicines is leading to change the trend in pharmaceutical industry, it will give lead to technological innovation in medical device industry.
Bioelectric Medicine Market: Region-wise Outlook
Regionally, global bioelectric market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East Africa. North America is likely to dominate the bioelectric medicine market since there is presence of several organizations operating in these region. Rising prevalence of chronic diseases, expected approvals of retinal implant in the U.S., rising geriatric population are the other key factors responsible for the growth of market in North America. Additionally, Asia Pacific region is expected to grow at highest CAGR during the forecast period due to increasing diabetic population and frequency of hearing loss in region. There are substantial R&D projects carried out in institutes resulting its high demand, affecting the revenue growth significantly. Moreover, positive R&D outcomes encouraging the incorporation of bioelectric market is expected to impact this sector with potential opportunities for growth.
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Bioelectric Medicine Market: Key Players
Some of the key players in bioelectric market are GlaxoSmithKline, Medtronic Plc., Boston Scientific Corporation, Set Point Medical, Siemens AG, Biotronic, Nevro Corporation, Liva Nova Plc., Cochlear limited and Electro Core LLC. These companies are involved in research and development of bioelectric medicines along with the investment and marketing of the products. The increasing competition in key players will drive the market of bioelectric medicine in forecast period.
The report covers exhaustive analysis on:
Bioelectric Medicine Segments
Bioelectric Medicine Dynamics
Historical Actual Market Size, 2013 - 2015
Bioelectric Medicine Size & Forecast 2017 to 2027
Bioelectric Medicine Current Trends/Issues/Challenges
Competition & Companies involved
Bioelectric Medicine Drivers and Restraints
Regional analysis for Instant protein beverages includes:
North America
US & Canada
Latin America
Brazil, Argentina & Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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