Press release
Electroceutical Devices Market: Increasing Investments on Research and Development along with the Cost Effectiveness of these Devices Drives the Market Growth
Electroceutical devices are target specific and stimulate nerves or tissues through electric impulses, which enable to alleviate or relieve various conditions of the body. Electroceutical devices are employed as an alternative to drug-based remediation. Furthermore, the technological enhancements, including wearable devices, and miniaturized devices, among others have been a significant contributing factor for the growth of the market. The technological innovations in the market include the development of the Stimwave electroceutical device which does not contain toxic materials and does not hold any internal batteries.Download Exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14171
In August 2016, GlaxosmithKline entered into an agreement with Google’s life science spinoff, Verily to form a joint venture, Galvani Bioelectronics for the development of miniature electroceutical devices. Through this joint venture, both the companies intend to invest over US$ 700 Mn over a period of four years. In addition, National Institute of Health (NIH) also invested US$ 250 Mn on its project SPARC (Stimulating Peripheral Activity to Relieve Conditions).
Electroceutical devices market can be segmented based on the products, by application, by end users and by region. The market can be segmented into implantable electroceutical devices and non-invasive devices, on the basis of product. Implantable electroceutical devices can be further segmented into cardiac pacemakers, implantable cardioventer defibrillators, spinal cord stimulators, deep brain stimulators, and vagus nerve stimulators, among others.
On the basis of application, electroceutical devices market can be segmented into pain management, neurology, urology, hearing aids, cardiology, gasteroenterology, and ophthalmology, among others. Hospitals, individual users, and research institutes form the major end users of the market. On the basis of region, the market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
Electroceutical devices are gaining importance as an alternative to pharmaceutical products as they do not lead to side effects. In addition, growing prevalence of neurological conditions such as Parkinson’s disease, and depression among others contribute to the growth of the market. Furthermore, increasing investments by market players on research and development, along with the cost effectiveness of these devices has been driving the growth of the market. However, the usage of these devices is done as a trial and error method and This might have a negative impact on the growth of the market.
Implantable electroceutical devices are the widely employed product category, of which pacemakers and ICDs are the key products contributing to the growth of the market. North America accounts for the major share followed by Europe in the global electroceutical devices market. This can be attributed to increasing geriatric population, rising prevalence of chronic diseases, growing technological innovations, and increase in product approvals.
In addition, availability of reimbursement and high investments in healthcare infrastructure contribute to the growth of the market. However, the sluggish economic conditions in North America and Europe, and the changing government regulations related to healthcare spending might negatively impact the market. Asia Pacific is expected to grow at an impressive CAGR during the forecast period.
The growing healthcare industry, rising medical tourism, increasing awareness among people and the growing economy contribute to the growth of the market in the region. India, China and Brazil are expected to drive strong growth among the emerging countries, owing to the increasing investments by the government to enhance the healthcare facilities.
Download Exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14171
Major players in the electroceutical devices market include Biotronik, Boston Scientific Corporation, Cochlear Limited, ElectroCore LLC, EnteroMedics Inc., LivaNova PLC, Medtronic plc, NeuroSigma, Inc., Nevro Corporation, Second Sight Medical Products, Inc., Sonova Holding AG, and St. Jude Medical, Inc., among other significant players worldwide.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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 Electroceutical Devices Market: Increasing Investments on Research and Development along with the Cost Effectiveness of these Devices Drives the Market Growth here
News-ID: 424774 • Views: …
More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Electroceutical
Global Electroceutical Market - Opportunities & Forecasts, 2020-2029
Dhirtek Business Research and Consulting recently released its most comprehensive research report to date on the global electroceutical market. Through extensive research, analysts have provided an extensive look into the market's drivers and restraints, and identified the key milestones and trends that will shape its future.
Primary and secondary research methods were used to create this in-depth report. Through the analysis of the research, Dhirtek was able to identify the opportunities…
Electroceutical Devices Market - Global Forecast to 2026
Electroceuticals is recently coined term for an old therapeutic modality, which broadly encompass all the bioelectric medicine. It includes any type of electrical stimulation, which affects and modify functions of the body and neural implants such as cochlear implants, retinal implants or spinal cord stimulators, cardiac pacemakers, and implantable defibrillators. Over a period of time, electroceutical expanded their applicability to include deep brain stimulation and the electrical stimulation of the…
Electroceutical Devices Market - Global Forecast to 2026
Electroceuticals is recently coined term for an old therapeutic modality, which broadly encompass all the bioelectric medicine. It includes any type of electrical stimulation, which affects and modify functions of the body and neural implants such as cochlear implants, retinal implants or spinal cord stimulators, cardiac pacemakers, and implantable defibrillators. Over a period of time, electroceutical expanded their applicability to include deep brain stimulation and the electrical stimulation of the…
Electroceutical Devices Market - Global Forecast to 2026
Global Electroceutical Devices Market – Global Industry Insights
Electroceuticals is recently coined term for an old therapeutic modality, which broadly encompass all the bioelectric medicine. It includes any type of electrical stimulation, which affects and modify functions of the body and neural implants such as cochlear implants, retinal implants or spinal cord stimulators, cardiac pacemakers, and implantable defibrillators. Over a period of time, electroceutical expanded their applicability to include deep brain…
Global Electroceutical Market Size, Share and Forecast 2022
This report studies the global Electroceutical market, analyzes and researches the Electroceutical development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Medtronic
St. Jude Medical
Abbott
Boston Scientific
GlaxoSmithKline
Omron Healthcare
Cochlear
B Braun Melsungen
Livanova
Get sample Copy of this report@ http://www.researchtrades.com/request-sample/1117692
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Purchase copy of this report for single user price of $3300 @ http://www.researchtrades.com/checkout/1117692
Table of…
Electroceutical Market 2017 Key Manufacturers Analysis
This report studies the global Electroceutical market, analyzes and researches the Electroceutical development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Medtronic
St. Jude Medical
Abbott
Boston Scientific
GlaxoSmithKline
Omron Healthcare
Cochlear
B Braun Melsungen
Livanova
Covidien
Biotronik
Lepu Medical Technology
Shenzhen XFT Electronics
Shanghai NCC Medical
For more information about this report at http://www.reportsweb.com/global-electroceutical-market-size-status-and-forecast-2022
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Electroceutical can…