Press release
Global Bioelectric Medicine Market Overview 2033 : Forecasted Market Size And Growth Rate
Bioelectric Medicine Global Market Report 2024
According to The Business Research Company's, The bioelectric medicine market size has grown strongly in recent years. It will grow from $22.68 billion in 2023 to $24.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increasing geriatric population, increasing disposable income, increasing demand for add-on therapy, increasing prevalence of neurological disorders, and increasing demand for cutting edge therapeutics.
The bioelectric medicine market size is expected to see strong growth in the next few years. It will grow to $35.00 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to growing demand for non-invasive treatment, increasing healthcare expenditure, growing patient population, high prevalence of chronic diseases, and increasing awareness about healthcare innovations. Major trends in the forecast period include technological advancements, integration of telemedicine and digital health, increasing investment and funding, advancements in implantable devices, and miniaturization of devices.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/bioelectric-medicine-global-market-report
Market Drivers and Trends:
The increasing healthcare expenditure is expected to propel the growth of the bioelectric medicine market going forward. Healthcare expenditure is the total amount of money spent on healthcare services and resources within a given time frame. The increase in healthcare expenditure is fueled by factors such as population aging, advancements in medical technology, and rising chronic disease prevalence. The increasing healthcare expenditure positively impacts bioelectric medicine by fostering greater investment in research, development, and adoption of innovative bioelectric therapies. For instance, in 2022, according to the Office for National Statistics, a UK-based national statistical institute, UK healthcare expenditure reached approximately $354.88 billion (£283 billion) in 2022, reflecting an increase of 0.7% compared to spending in 2021. Therefore, the increasing healthcare expenditure will drive the bioelectric medicine market going forward.
Major companies operating in the bioelectric medicine market are focusing on technological advancements such as software-enabled general wellness bioelectric medicines to gain a competitive advantage. The software-enabled general wellness medicine gives users precise guidance for deep brain stimulation therapy procedures and aids in surgical planning, intra-operative electrode placement, and customized programming for deep brain stimulation therapy. For instance, In July 2023, Boston Scientific Corporation, a US-based bioelectric medicine and wellness company, announced that Vercise Neural Navigator 5 Software had received approval from the US FDA. This software provides advanced features for precise targeting and programming of deep brain stimulation (DBS) therapy. It integrates imaging data with stimulation parameters, allowing for tailored treatment of neurological disorders. This leads to accurate electrode placement, precise guidance in surgical planning, and customized programming, ultimately enhancing treatment outcomes and patient satisfaction.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15523&type=smp
Major Key Players of the Market:
Abbott Laboratories, Medtronic PLC, Koninklijke Philips N.V., Boston Scientific Corporation, Biotronik SE & Co. KG, Cochlear Ltd., LivaNova PLC, Bioventus LLC, Inspire Medical Systems Inc., Nevro Corporation, Axonics Inc., Zynex Inc., NeuroPace Inc., Stimwave LLC, Setpoint Medical Corporation, ReShape Lifesciences Inc., ElectroCore Inc., NeuroMetrix Inc., Soterix Medical Inc., Galvani Bioelectronics, MicroTransponder Inc., BioElectronics Corporation, Cerbomed GmbH
Bioelectric Medicine Market 2024 Key Insights:
• The bioelectric medicine market size is expected to see strong growth in the next few years. It will grow to $35.00 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Rising Healthcare Expenditure Driving Bioelectric Medicine Market Growth
• Advancements In Bioelectric Medicine Enhanced Deep Brain Stimulation Therapy
• North America was the largest region in the bioelectric medicine market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15523&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Bioelectric Medicine Market Overview 2033 : Forecasted Market Size And Growth Rate here
News-ID: 3705663 • Views: …
More Releases from The Business Research Company
Steam Turbine Market Forecast 2025-2034: Comprehensive Analysis And Growth Oppor …
The Steam Turbine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Steam Turbine Market Size Expected to Be by 2034?
In recent times, there has been a slight increase in the size of the steam turbine market. This market is projected to…
Surging Oil And Gas Demand Fuels Expansion In Specialty Oilfield Chemicals Marke …
The Specialty Oilfield Chemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Specialty Oilfield Chemicals Market?
In the past years, the market size of specialty oilfield chemicals has seen a consistent expansion. The market value, which was at $11.71…
Plant-Based-Meat Market Size Projected To Reach $19.84 Billion By 2034 With A Ca …
The Plant-Based-Meat Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Plant-Based-Meat Market Size and Projected Growth Rate?
The size of the plant-based-meat market has experienced a significant expansion in the recent past. The market size is predicted to rise from a value of…
Sorghum Seed Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
The Sorghum Seed Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Sorghum Seed Market Size and Projected Growth Rate?
In recent years, the sorghum seed market has seen robust growth. The market is estimated to increase from $2.06 billion in 2024 to $2.18…
More Releases for Bioelectric
Bioelectric Medicine Market SIZE, STATUS AND FORECAST 2021-2028
The exclusive research report on 'Bioelectric Medicine Market' now available with 𝐂𝐨𝐡𝐞𝐫𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, offers a detailed analysis of the factors influencing the global business sphere. This report also provides precise information pertaining to market size, commercialization aspects and revenue estimation of this business. The report further elucidates the status of leading industry players thriving in the competitive spectrum of the Bioelectric Medicine Market.
The research report incorporates a detailed evaluation…
Bioelectric Medicine Market Worth Observing Growth | Livanova, Biotronik, Nevro
A new business intelligence report released by HTF MI with title "Global Bioelectric Medicine Market Size, Status and Forecast 2019-2025" is designed covering micro level of analysis by manufacturers and key business segments. The Global Bioelectric Medicine Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and…
Global Electroceuticals/Bioelectric Market Size, Status and Forecast
Electroceuticals/Bioelectric encompass medical devices that use electrical impulses to modulate the body's neural circuits as an alternative to drug-based intervention. The market growth can be attributed to rising geriatric population, regulatory approval for new and advanced electroceuticals, growing investments and funds for the development of novel therapies and electroceuticals, rising prevalence of neurological disorders, and growing prevalence of hearing loss. In 2018, the global Electroceuticals/Bioelectric market size was 17500 million…
Global Electroceuticals/Bioelectric Medicine Market Research Report
This report studies the global Electroceuticals/Bioelectric Medicine market status and forecast, categorizes the global Electroceuticals/Bioelectric Medicine market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report Medtronic St.Jude Medical Boston Cochlear Biotronik Livanova Sonova Nevro Electrocore Second Sight Medical Products Geographically, this report…
Bioelectric Medicine Market Opportunity Analysis, 2018-2026
Bioelectric medicine is a new and innovative approach to diagnose and treat injuries and diseases. All major organs of the body are connected to the nerves, which allows the brain to monitor and regulate the functions of the organs. Bioelectric medicine refers to the usage of a device to modulate and read the electrical activity within the body’s nervous systems. Nerve blocking devices or nerve stimulating devices that are held…
Global Bioelectric Medicine Market Type, Application, Forecast Analysis 2025
Qyresearchreports include new market research report "Global Bioelectric Medicine Market Size,Status and Forecast 2025" to its huge collection of research reports.
This business and commerce report on the global Bioelectric Medicine market is a comprehensive study that has been prepared to specifically to armor the vendors connected to the value chain of the market, aspiring to aid them in detecting the lucrative avenues and hence gain ground over their competitors. The…
