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Global Electroceuticals/Bioelectric Medicine Market Size study, by Product (Cardiac Pacemakers & Implantable Cardioverter Defibrillators, Spinal Cord Stimulators, Cochlear Implants, Deep Brain Stimulators, Sacral Nerve Stimulators & Gastric Electrical Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Others), by Type(Implantable Electroceutical Devices, Noninvasive Electroceutical Devices), by End user( Hospitals, Clinics, and ASCs, Other End Users)and Regional Forecasts 2021-2027

  • BIZ4595084
  • 200 Pages
  • June 2021
  • Healthcare
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Global Electroceuticals/Bioelectric Medicine Market is valued at approximately USD 16.0 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.0 % over the forecast period 2021-2027. Electroceuticals are medical devices that use electrical impulses to influence changes in bodily functioning. Electroceuticals are a non-drug option that are projected to become the gold standard for treating a variety of diseases in the future. Electroceuticals, unlike other muscle or tissue stimulators, work on the basis of neurostimulation, which is the use of electrical impulses to modulate the neurological system. Current treatment options for a variety of neurological illnesses and other disease states rely on drug-based treatments, which come with a slew of side effects and have failed to deliver on their promises of outcomes. The elder people are at a higher risk of acquiring neurologic or cardiovascular problems. Geriatrics are a crucial section of the entire patient pool because of their heightened vulnerability to such illnesses. As a result, the continued and increased demand for electroceutical devices such as cardiac pacemakers, implantable cardioverter defibrillators, deep brain stimulators, and spinal cord stimulators for the treatment of cardiovascular and neurological disorders will be ensured by the growth of this population segment. Another key driver driving the electroceuticals market is increased investment in the development of enhanced bioelectric medicine. According to ElectroCore, Cluster headache affects almost 325,000 people in the United States each year. In order to capitalize on the untapped opportunity, the business developed gammaCore, a noninvasive VNS therapy that helps adults manage chronic headaches. It obtained FDA approval in 2018. Similarly, Peri-Strips Dry with Veritas Collagen Matrix product with Secure Grip received 510 (k) clearance from the US FDA in February 2020. The product is a staple line reinforcing agent that is used to control bleeding during bariatric and other surgical procedures. However, High cost of electroceutical devices may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Electroceuticals/Bioelectric Medicine Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to presence of a highly developed healthcare system in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing prevalence of cardiovascular & neurological disorders.

Major market player included in this report are:

Medtronic plc

Boston Scientific Corporation

Abbott Laboratories, Inc.

LivaNova PLC

Cochlear Ltd.

MicroPort Scientific Corporation

Sonova Group

Nevro Corp

Axonics Modulation Technologies, Inc.

Neuronetics, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and application offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product :

Cardiac Pacemakers & Implantable Cardioverter Defibrillators

Spinal Cord Stimulators

Cochlear Implants

Deep Brain Stimulators

Sacral Nerve Stimulators & Gastric Electrical Stimulators

Transcutaneous Electrical Nerve Stimulators

Vagus Nerve Stimulators

Others

By Type:

Implantable Electroceutical Devices

Noninvasive Electroceutical Devices

By End user:

Hospitals, Clinics, and ASCs

Other End Users

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018-19

Base year – 2019-2020

Forecast period – 2021 to 2027.

Target Audience of the Global Electroceuticals/Bioelectric Medicine Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Electroceuticals/Bioelectric Medicine Market , by Region, 2019-2027 (USD Billion)

1.2.2. Electroceuticals/Bioelectric Medicine Market , by Product, 2019-2027 (USD Billion)

1.2.3. Electroceuticals/Bioelectric Medicine Market , by Type, 2019-2027 (USD Billion)

1.2.4. Electroceuticals/Bioelectric Medicine Market , by End user, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Electroceuticals/Bioelectric Medicine Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Electroceuticals/Bioelectric Medicine Market Dynamics

3.1. Electroceuticals/Bioelectric Medicine Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rising government support & funding for neurological disorders

3.1.1.2. Increasing investments and funding for research on CRM devices

3.1.2. Market Restraint

3.1.2.1. High cost of electroceutical devices

3.1.3. Market Opportunities

3.1.3.1. Emerging markets

Chapter 4. Global Electroceuticals/Bioelectric Medicine Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Electroceuticals/Bioelectric Medicine Market , by Product

5.1. Market Snapshot

5.2. Global Electroceuticals/Bioelectric Medicine Market by Product , Performance - Potential Analysis

5.3. Global Electroceuticals/Bioelectric Medicine Market Estimates & Forecasts by Product 2018-2027 (USD Billion)

5.4. Electroceuticals/Bioelectric Medicine Market , Sub Segment Analysis

5.4.1. Cardiac Pacemakers & Implantable Cardioverter Defibrillators

5.4.2. Spinal Cord Stimulators

5.4.3. Cochlear Implants

5.4.4. Deep Brain Stimulators

5.4.5. Sacral Nerve Stimulators & Gastric Electrical Stimulators

5.4.6. Transcutaneous Electrical Nerve Stimulators

5.4.7. Vagus Nerve Stimulators

5.4.8. Others

Chapter 6. Global Electroceuticals/Bioelectric Medicine Market , by Type

6.1. Market Snapshot

6.2. Global Electroceuticals/Bioelectric Medicine Market by Type, Performance - Potential Analysis

6.3. Global Electroceuticals/Bioelectric Medicine Market Estimates & Forecasts by Type 2018-2027 (USD Billion)

6.4. Electroceuticals/Bioelectric Medicine Market , Sub Segment Analysis

6.4.1. Implantable Electroceutical Devices

6.4.2. Noninvasive Electroceutical Devices

Chapter 7. Global Electroceuticals/Bioelectric Medicine Market , by End user

7.1. Market Snapshot

7.2. Global Electroceuticals/Bioelectric Medicine Market by End user, Performance - Potential Analysis

7.3. Global Electroceuticals/Bioelectric Medicine Market Estimates & Forecasts by End user 2018-2027 (USD Billion)

7.4. Electroceuticals/Bioelectric Medicine Market , Sub Segment Analysis

7.4.1. Hospitals, Clinics, and ASCs

7.4.2. Other End Users

Chapter 8. Global Electroceuticals/Bioelectric Medicine Market , Regional Analysis

8.1. Electroceuticals/Bioelectric Medicine Market , Regional Market Snapshot

8.2. North America Electroceuticals/Bioelectric Medicine Market

8.2.1. U.S. Electroceuticals/Bioelectric Medicine Market

8.2.1.1. Product breakdown estimates & forecasts, 2018-2027

8.2.1.2. Type breakdown estimates & forecasts, 2018-2027

8.2.1.3. End user breakdown estimates & forecasts, 2018-2027

8.2.2. Canada Electroceuticals/Bioelectric Medicine Market

8.3. Europe Electroceuticals/Bioelectric Medicine Market Snapshot

8.3.1. U.K. Electroceuticals/Bioelectric Medicine Market

8.3.2. Germany Electroceuticals/Bioelectric Medicine Market

8.3.3. France Electroceuticals/Bioelectric Medicine Market

8.3.4. Spain Electroceuticals/Bioelectric Medicine Market

8.3.5. Italy Electroceuticals/Bioelectric Medicine Market

8.3.6. Rest of Europe Electroceuticals/Bioelectric Medicine Market

8.4. Asia-Pacific Electroceuticals/Bioelectric Medicine Market Snapshot

8.4.1. China Electroceuticals/Bioelectric Medicine Market

8.4.2. India Electroceuticals/Bioelectric Medicine Market

8.4.3. Japan Electroceuticals/Bioelectric Medicine Market

8.4.4. Australia Electroceuticals/Bioelectric Medicine Market

8.4.5. South Korea Electroceuticals/Bioelectric Medicine Market

8.4.6. Rest of Asia Pacific Electroceuticals/Bioelectric Medicine Market

8.5. Latin America Electroceuticals/Bioelectric Medicine Market Snapshot

8.5.1. Brazil Electroceuticals/Bioelectric Medicine Market

8.5.2. Mexico Electroceuticals/Bioelectric Medicine Market

8.6. Rest of The World Electroceuticals/Bioelectric Medicine Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Medtronic plc

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Type Summary

9.2.1.5. Recent Developments

9.2.2. Boston Scientific Corporation

9.2.3. Abbott Laboratories, Inc.

9.2.4. LivaNova PLC

9.2.5. Cochlear Ltd.

9.2.6. MicroPort Scientific Corporation

9.2.7. Sonova Group

9.2.8. Nevro Corp

9.2.9. Axonics Modulation Technologies, Inc.

9.2.10. Neuronetics, Inc.

Chapter 10. Research Type

10.1. Research Type

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Electroceuticals/Bioelectric Medicine Market , report scope

TABLE 2. Global Electroceuticals/Bioelectric Medicine Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 3. Global Electroceuticals/Bioelectric Medicine Market estimates & forecasts by Product 2018-2027 (USD Billion)

TABLE 4. Global Electroceuticals/Bioelectric Medicine Market estimates & forecasts by Type 2018-2027 (USD Billion)

TABLE 5. Global Electroceuticals/Bioelectric Medicine Market estimates & forecasts by End user 2018-2027 (USD Billion)

TABLE 6. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 7. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Electroceuticals/Bioelectric Medicine Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Electroceuticals/Bioelectric Medicine Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. U.S. Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. U.S. Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. U.S. Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. Canada Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 26. Canada Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. Canada Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. UK Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 29. UK Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. UK Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. Germany Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 32. Germany Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. Germany Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. France Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 35. France Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. France Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. Spain Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 38. Spain Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. Spain Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Italy Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 41. Italy Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. Italy Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. ROE Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 44. ROE Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. ROE Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. China Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 47. China Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. China Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. India Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 50. India Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. India Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. Japan Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 53. Japan Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. Japan Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Australia Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 56. Australia Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. Australia Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. South Korea Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 59. South Korea Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 60. South Korea Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. ROPAC Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 62. ROPAC Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 63. ROPAC Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. Brazil Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 65. Brazil Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 66. Brazil Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Mexico Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 68. Mexico Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 69. Mexico Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. ROLA Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 71. ROLA Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 72. ROLA Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROW Electroceuticals/Bioelectric Medicine Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 74. ROW Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 75. ROW Electroceuticals/Bioelectric Medicine Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. List of secondary sources used in the study of global Electroceuticals/Bioelectric Medicine Market .

TABLE 77. List of primary sources used in the study of global Electroceuticals/Bioelectric Medicine Market .

TABLE 78. Years considered for the study.

TABLE 79. Exchange rates considered.

 
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