UK Electroceuticals Market Size, Share & Forecast 2019-2025

UK has one of the finest healthcare systems in the EU region, which enables it to provide quality healthcare to the individuals. UK has the highest number of cardiovascular diseases, coronary heart disease, stroke, heart failure, atrial fibrillation, and other heart patients. According to British Heart Foundation, more than one-fourth of the fatalities in UK occur due to `, and it is responsible for around 1.6 million fatalities each year.

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According to British Heart Foundation, more than 7 million people live with one or the other type of heart diseases in UK in 2018. Prolonged diseases, such as arthritis, asthma, chronic obstructive pulmonary disease, diabetes, and other heart-related diseases put economic burden on the UK government, which includes cost of premature fatalities, hospital stay, and prescriptions, and these are estimated to be approximately $50 billion annually.

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Further, Abbott Laboratories Inc., Advanced Bionics AG, Axonics Modulation Technologies Inc., Boston Scientific Corp., BioElectronics Corp., Cochlear Ltd. are the manufacturer, and supplier of medical devices such as pacemaker, defibrillator, vagus nerve stimulators and has its facilities in more than 40 countries and includes over 100 brands in its product portfolio. These players adopt various strategies in order to remain competitive in the global market. For instance, In July 2019, the company announced the launch of the new arterial femoral cannula, bi-flow, designed for the prevention of limb ischemia during the cardiac surgery.

In September 2017, the company in partnership with MicroPort announced the approval of the Rega Pacemaker from the China Food and Drug Administration. This device offers various advanced features, such as pacing mode that preserves intrinsic conduction, a dual sensor-based response rate to sleep and exercise monitoring.

Market Segmentation

UK Electroceuticals Market by Product and its Application

· Cardioverter Defibrillators and Cardiac Pacemaker

· Deep Brain Stimulators

· Spinal Cord Stimulators

· Vagus Nerve Stimulators

· Cochlear Implants

· Others (Sacral Nerve Stimulators, Transcutaneous Electrical Nerve Stimulators)

UK Electroceuticals Market by End-Users

· Hospitals and Clinics

· Research Institutes

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