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Electroceuticals/Bioelectric Medicine Market by Product -, Type of Device -, Application -, End User - - Global Forecast to 2021

Electroceuticals/Bioelectric Medicine Market: Global Forecast until 2021

  • June 2016
  • 219 pages
  • ID: 3940173
In this report:
The global electroceuticals/bioelectric medicine market is expected to reach USD ##.## billion by 2021 from USD ##.## billion in 2016, growing at a CAGR of ##.##% from 2016 to 2021.
North America is expected to account for the largest share of the global electroceuticals/bioelectric medicine market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World -.

Summary

Table of Contents

The overall electroceuticals/bioelectric medicine market is forecasted to reach ~$25.2B by 2021 from ~$17.2B in 2016, increasing at a compound annual growth rate (CAGR) of 7.90 percent from 2016 to 2021.

Electroceuticals are medical devices that use electrical impulses to modulate the body's neural circuits as an alternative to drug-based interventions. These electroceutical devices read and modify electrical signals passing along the nerves of the body, containing irregular or altered impulses that can occur in association with a broad range of diseases.

The implantable cardioverter defibrillators segment is planned to account for the most important share of the electroceuticals/bioelectric medicine market, by product, in 2016. Growing sudden cardiac arrest - leading to cardiovascular death, technological improvements in ICDs, and rising arrhythmia is helping to the important share of this segment. The implantable electroceutical devices segment is intended to account for the biggest share of the electroceuticals/bioelectric medicine market, by type of device, in 2016. The growing research in this market and collaborations and partnerships to development electroceutical devices, these devices providing continuous treatment within the body, and providing an environment for the easy treatment of patients is driving increase in this market segment. The hospitals segment is expected to account for the most important share of the electroceuticals/bioelectric medicine market, by end-user, in 2016. This can be connected to growing burden of diseases including cardiac arrhythmias, Parkinson's, Alzheimer's, retinitis pigmentosa, epilepsy, and depression; and rising awareness about electroceuticals.

North America continent is forecasted to account for the biggest share of the overall electroceuticals/bioelectric medicine market in 2016, succeeded by Europe (EU), Asia Pacific (APAC), and the Rest of the World -. The big share of the North American area can be accredited to the increasing prevalence of arrhythmia, increasing prevalence of chronic diseases, expected approvals for retinal implants, growing regulatory approvals in the U.S.A, rising burden of cancer and diabetes, and rise in hearing loss owing to growing aging population in Canada (CA), among others. The Asia-Pacific area is forecast to witness the more important increase rate in the outlook period, primarily due to the increasing adoption of neurostimulation, growing cases of diabetes, rising prevalence of hearing loss, growing geriatric population, conferences on electroceutical devices, rising prevalence of Parkinson's Disease, and regulatory approvals of cochlear implants in the Asia Pacific (APAC) area.

The electroceuticals/bioelectric medicine market witnesses high competitive intensity, as there are various companies of different size with similar product offerings. These firms embrace different strategies - to rise their market shares and establish a stronger foothold in the overall market.

Medtronic plc -, St. Jude Medical, Incorporated -, Boston Scientific Corporation -, Cochlear Limited -, Sonova Holding AG -, LivaNova PLC -, Biotronik -, Nevro Corporation -, Second Sight Medical Products, Incorporated -, and ElectroCore LLC - are the top actors in the overall electroceuticals/bioelectric medicine market.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate them collect a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies - for strengthening their market shares. The study offers business insights on these pointers:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the medical animation market. The analysis examines the sector established on product, type of device, application, and end user

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the electroceuticals/bioelectric medicine market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different electroceuticals/bioelectric medicines across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the electroceuticals/bioelectric medicine market

Opposing assessment: Detailed assessment of strategies, products, distribution networks, and manufacturing competences of the key players in the electroceuticals/bioelectric medicine market

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