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Bioelectronics Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

09-07-2023 05:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Bioelectronics Market Share, Trends, Future Outlook, Analysis

The global bioelectronics market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, Merck announced a collaboration with neuroloop GmbH, a B. Braun subsidiary and early-stage start-up firm situated in Freiburg, Germany, in its new Bioelectronics innovation field in June 2021. B. Braun SE, based in Melsungen, Germany, is a global leader in medical technology and pharmaceutical products. The cooperation aims to create a neurostimulator device that can be used to supplement patients' existing pharmacological regimens for chronic inflammatory disorders. Bioelectronic devices can provide localized and targeted therapeutic effects by selectively stimulating nerves, whereas medication therapies often have broad systemic effects. The partners seek to use neuroloop's neurostimulation platform to treat chronic inflammatory disorders in a tailored manner.

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Additionally, in April 2022, BioElectronics Corporation, BIEL, a medical technology product development, announced that it has signed a distribution deal with PRIM Group in Madrid, Spain, for the distribution of its RecoveryRx device throughout the country. PRIM Group is planning to supply RecoveryRx with sales, marketing, and distribution services in Spain. The RecoveryRx medical gadget is intended to provide drug-free pain management following surgery. RecoveryRx is a one-time-use gadget that offers 720 hours of therapy. RecoveryRx is FDA-approved and CE-marked in the US. NuroKor, a London-based bioelectronics startup, announced the launch of a new UK R&D center in Cardiff in April 2021, as well as plans to enter the American biotech industry through a partnership with US medical device company Medi-Launch.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
o By Product Type

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Abbott Laboratories, Inc., Bioelectronics Corp., Danaher Corp., Siemens AG, Boston Scientific Corp., and F. Hoffmann-La Roche Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Bioelectronics Market Report Segment

By Product Type

Biochips
Implantable Medical Devices
Prosthetic Devices
Artificial Organs/Bionic Organs
Others

A full report of Bioelectronics Market is available at: https://www.omrglobal.com/industry-reports/bioelectronics-market-size

Bioelectronics Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Abbott Laboratories, Inc.
Agamatrix, Inc.
Bioelectronics Corp.
BIOTRONIKSE & Co. KG
Boston Scientific Corp.
Cala Health, Inc.
Cochlear,Ltd.
Danaher Corp.
Demant A/S
Electrocore, Inc.
Hoffmann-La Roche A.G.
Medtronic PLA
MicronitMicrotechnologies B.V.
Nova Biomedical Corp.

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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