|01-04-2019 11:54 PM CET - Health & Medicine||
Global Electroceuticals/Bioelectric Medicine Market accounted for USD 17.26 Billion in 2016 and growing at a CAGR of 8.1% by 2024
Press release from: Data Bridge Market Research
“Global Electroceuticals/Bioelectric Medicine Market” is undergoing a face change in the forecasted years of 2018 to 2025 and the following report will assist you in making decisions regarding the Abc industry and the market. This Global Electroceuticals/Bioelectric Medicine Market report provides you with the detailed market definition, classifications, applications and the key market trends which can make a great difference when it comes to Global Electroceuticals/Bioelectric Medicine Marketin this Abc industry. The report further contains the market drivers and restraints of the Global Electroceuticals/Bioelectric Medicine Marketwhich are derived from SWOT analysis.
Top players and brands are making maestro moves such as developments, products launches, acquisitions, mergers, joint ventures and competitive research in the Global Electroceuticals/Bioelectric Medicine Market. A change was seen in the CAGR levels in the historic year 2016, the base year 2017 thus determining that CAGR levels will certainly change in the forecast years 2018-2025.
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The electroceuticals/bioelectric medicine Market accounted to USD 17.26 Billion in 2016 growing at a CAGR of 8.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major market drivers and restraints:
• Increase in prevalence of chronic disease.
• Regulatory consent for new and innovative electroceuticals.
• Rise in investments and funds for the growth of innovative therapies and electroceuticals
• Growing prevalence of hearing loss.
• High price of cochlear implantation.
• Lack of skilled professionals
The key manufacturers in the Electroceuticals/Bioelectric Medicine include
• Boston Scientific Corporation,
• Cochlear Ltd.,
• Livanova PLC,
• BIOTRONIK SE & Co. KG,
• Nevro Corp.
SECOND SIGHT, electroCore LLC, Synapse electroceutical Ltd., BioElectronics Corporation, SetPoint Medical, Inc., Bright Medical Ltd, GlaxoSmithKline Plc, EnteroMedics Inc., Alphabet Inc., The Medicines Company, FRV ELECTROCEUTICALS and Valencia Technologies Corporationamong
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Product Insights of Electroceuticals/Bioelectric Medicine Market:
(Implantable Cardioverter Defibrillators, Cardiac Pacemakers, Spinal Cord Stimulators, Cochlear Implants, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Sacral Nerve Stimulators, Retinal Implants)
By Type of Device
(Implantable Electroceutical, Non-Invasive Electroceutical),
Application Insights of Electroceuticals/Bioelectric Medicine Market:
(Cardiac Pacemakers & Implantable Cardioverter Defibrillators, Spinal Cord Stimulators, Cochlear Implants, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Sacral Nerve Stimulators, Retinal Implants)
By End User
(Hospitals, Clinics, Research Institutes, Individual Users)
The electroceuticals/bioelectric medicine market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electroceuticals/bioelectric medicine market for global, Europe, North America, Asia Pacific and South America.
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