Press release
Electroceuticals/Bioelectric Medicine Market Is Expanding at a CAGR of 5.0% by 2032 - Medtronic plc (Ireland), Boston Scientific Corporation (US), Abbott Laboratories, Inc. (US), LivaNova PLC (UK),
New York, Global Electroceuticals/Bioelectric Medicine Market report from Global Insight Services is the single authoritative source of intelligence on Electroceuticals/Bioelectric Medicine Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Market Segments
By Product
Cardiac Pacemakers & Implantable Cardioverter Defibrillators
Spinal Cord Stimulators
Cochlear Implants
Deep Brain Stimulators
Sacral Nerve Stimulators & Gastric Electrical Stimulators
Transcutaneous Electric Nerve Stimulators
Vagus Nerve Stimulators
Others
By Type
Implantable Electroceutical Devices
Noninvasive Electroceutical Devices
By End User
Hospitals, Clinics, and ASCs
Others
By Region
North America
The U.S.
Canada
Mexico
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Numerous neurological illnesses, including Parkinson's illness, obsessive compulsive disorder (OCD), epilepsy, Alzheimer's illness, dystonia, and essential tremor, are currently being treated with electro pharmaceutical devices or bioelectric therapy. It is useful in the diagnosis and treatment of all neurological illnesses involving the autonomic, somatic, and central nervous systems as well as their subsystems.
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Major Players in the Global Electroceutical/Bioelectronic Medicine Market
The key players studied in the global electroceutical/bioelectronic medicine market are Medtronic plc (Ireland), Boston Scientific Corporation (US), Abbott Laboratories, Inc. (US), LivaNova PLC (UK), Cochlear Ltd. (Australia), MicroPort Scientific Corporation (China), Sonova Group (Switzerland), Nevro Corp. (US), Axonics Modulation Technologies, Inc. (US), Neuronetics, Inc. (US), Second Sight Medical Products, Inc. (US), NeuroPace, Inc. (US), BIOTRONIK (Germany), Medico S.p.A. (Italy), Nurotron Biotechnology Co. Ltd. (US), MED-EL (Austria), Aleva Neurotherapeutics SA (Switzerland), NeuroSigma, Inc. (US), BioWave Corporation (US), Soterix Medical Inc. (US), Bioinduction Ltd. (UK), GiMer Medical (Taiwan), Cefaly (Belgium), BioControl Medical (Israel), and tVNS Technologies GmbH (Germany).
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Market Trends and Drivers
Neurologic or cardiovascular problems are more likely to affect the elderly population. Geriatrics make up a significant portion of the patient population due to their higher risk of developing these ailments. Therefore, as this demographic segment expands, there will be an increased need for electroceutical devices such spinal cord stimulators, implantable cardioverter defibrillators, deep brain stimulators, and cardiac pacemakers to treat neurological and cardiovascular conditions.
Likewise, Major market participants have significant prospects for growth in emerging economies such those in India, South Korea, Malaysia, Vietnam, Africa, and the Middle East including Israel, Saudi Arabia, and the United Arab Emirates. This can be ascribed to their lax regulatory requirements, advancements in the healthcare system, increasing patient populations, and rising healthcare costs. Additionally, compared to wealthy nations, the Asia-Pacific area has more flexible and business-friendly regulatory frameworks. Key participants in the electroceuticals/bioelectric medicine market are now concentrating on emerging nations as a result of this as well as the escalating rivalry in mature markets.
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