US Electroceuticals Market Growth, Size & Forecast to 2025

The US contributes significantly to the growth of the electroceuticals market. The market growth is attributed to the rise in the prevalence of arrhythmia, growing number of neural disorders, and high prevalence of hearing loss. In addition, rising number of Parkinson’s disease and expected approvals for retinal implants in the US are anticipated to contribute significantly to the growth of electroceuticals market. The US has a high incidence and prevalence rate of heart diseases due to the sedentary lifestyle, excessive consumption of alcohol, consumption of junk food, and huge number of diabetic and obese patients.

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The traumatic brain injury is the most common cause of fatality and disability in the US. As per the report of the Centers for Disease Control and Prevention (CDC), in 2017, 30% of all the injury-related mortalities occurred due to the traumatic brain injury in the US. According to the Center for Medicare and Medicaid Services, in 2017, the US national healthcare expenditure was around $3.5 trillion showing a 3.9% increase in healthcare expenditure. The US has the highest healthcare spending across the globe. In the US, the per capita healthcare expenditure per person in 2017 was around $10,739, as per the CMS.

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The growing startups such as Cala Health Incorporated, Axonics Modulation Technologies Incorporated, and others in this market are contributing to the growth of the electroceuticals market in the US. Moreover, the presence of major market players in the US is projected to make a significant contribution to the growth of electroceuticals market in the region. Abbott Laboratories Incorporated, Advanced Bionics AG, BioElectronics Corporation, Biotronik Incorporated, Cochlear Corporation, and other electroceuticals market players provide hearing aids, pacemakers, defibrillators, SCS, and other devices. These companies are constantly focusing on making advancement in their product offerings to offer superior quality products. For instance, Biotronik Incorporated had launched Plexa ProMRI S DX lead, with DF4/IS-1 connector.

Market Segmentation

US 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)

US Electroceuticals Market by End-Users

· Hospitals and Clinics

· Research Institutes

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