Extract:
The Bioelectric Medicine market is said to witness a significant growth during the forecast years between 2021 and 2028. Bioelectric medicine is a field that integrates bioengineering, molecular medicine, and neuroscience to create nerve-stimulating devices for the control of biological processes during illness therapy. The market is likely to be driven by the rising prevalence of chronic diseases such as cardiac and neurological disorders. The Bioelectric Medicine market is observing a huge demand ever since the COVID-19 pandemic has struck. This surge is likely to stay constant and for the next couple of years and will begin to normalize post-2022.
Report Scope in detail:
This latest report edition of Bioelectric Medicine market has been added to our huge database of detailed reports and this envisions to shape the future of all the related businesses. Our team of learned research analysts have studied in-depth and curated the report based on several aspects which include the overview of the market, driving forces, growth rate, market trends, market size, opportunities and challenges of the market; along with detailed competitive analysis on the regional as well as global level. The Bioelectric Medicine market research report renders a thorough analysis of the market on a global aspect and aims on several market segmentation. This report also provides deeper perception into the latest trends of the market and pinpoints crucial product developments of the industry. Furthermore, the report collects numerous factors that have accredited to the growth of the market in the recent years.
Market Dynamics:
- A key driver driving this market is the increasing acceptance of electroceuticals for the treatment of different neurological and cardiac illnesses such as obsessive-compulsive disorder (OCD), Parkinson's disease, epilepsy, dystonia and Alzheimer's disease arrhythmia.
- Due to the increased use of these items for arrhythmia, the implantable cardioverter defibrillators section had the highest revenue earning segment.
- The use of electroceuticals in hospitals is predicted to grow in response to rising disposable income and the availability of modern medical technologies for the treatment of a variety of serious ailments.
- Due to the expanding elderly population in Asian countries such as China and India, the Asia Pacific area is expected to have the greatest CAGR throughout the projection period.
Bioelectric Medicine Market Segmentation:
By Device Type
- Implantable devices
- Non-Implantable devices
By Product Type
- Cardiac pacemakers
- Spinal cord stimulators
- Implantable cardioverter defibrillators
- Cochlear implants
- Deep brain stimulators
- Sacral nerve stimulators
- Transcutaneous electrical nerve stimulators
- Vagus nerve stimulators
- Other Products
By Application
- Pain management
- Arrhythmia
- Parkinson’s disease
- Sensorineural hearing loss
- Depression
- Epilepsy
- Tremor
- Urinary and faecal incontinence
- Other Application
By End Use
- Ambulatory surgical centres
- Hospitals
- Speciality clinics
- Home care settings
- Others
Regional Coverage
- North America
- United States
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Competitive Analysis:
Eminent market players have been outlined in order to extract improved insights into the worldwide businesses. Our research reports offer all-inclusive information on various top most manufacturers that are operational across global regions. We provide company profiles which include detailed overview of the company, business information, business performance, crucial strategies implemented through the years.
Few of the Key Players Covered in Our Report:
- Abbott
- BIOTRONIK SE & Co. KG
- Medtronic
- Boston Scientific Corporation
- LivaNova PLC
- Cochlear Ltd.
- NEVRO CORP.
- BioElectronics Corporation
- GlaxoSmithKline plc
- Sonova
Impact of COVID19:
The COVID19 pandemic crippled the global economy, it resulted in a worldwide lockdown and this has majorly impacted numerous industries. Our industry experts are working round-the-clock to identify, accumulate and in-time deliver market analysis due to the effect of unprecedented decisions in COVID-19 repercussions on many businesses. The full version of this report will comprise the overall impact of the pandemic, and predicted alteration on the future outlook of the industry, by taking into the account the economic, political, technological and social parameters.
This research study involves broad usage of both secondary and primary data sources. The research process involves the identification of numerous factors which affect the industry, comprising the market environment, government policy, historical data, present trends in the market, competitive landscape, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.
Market Estimation
Top-down and bottom-up approaches are used for validating the market size for companies, regional segments along with relevant market segmentations such as product type and application.
This report includes market estimations which are based on the marketed sale price of a product. Further breakdown of product segments, particular market share are formed based on the weightage assigned to every segment, which is derived of their usage rate and average price. The entire probable factors which effect the markets and influence them in a great way are included in this research report; and have been accounted for, studied in-depth and are confirmed through primary research. These are then studies to get the final qualitative and quantitative data. Any of the factors such as the outcome of inflation, economic downfall, and any kind of policy and regulatory alterations and/or other such factors are not accounted for in the market forecast. All of this data is amalgamated and included with thorough inputs and analysis from Gravitas Market Insights is curated in this report.
Along with the previously mentioned approaches, various data triangulation methods, in order to conduct market estimations and market forecasting for the complete market segments are detailed in this report. Key Companies present in the said market are also acknowledged via in-depth secondary research and primary research.
Section 1: Executive Summary
1.1. Bioelectric Medicine Market Industry 360° outline, Year 2016 – 2028
1.2. Business Model Trends
1.3. Growth Trends
1.4. End-User/Product Type Trends
1.5. Regional Trends
Section 2: Market Dynamics - Bioelectric Medicine Market Industry Insights
2.1. Growth Drivers
2.2. Opportunities
2.3. Industry challenges
2.4. SWOT Analysis
2.5. Porter’s Analysis
2.6. Worldwide Industry Landscape, Year 2016 – 2028
2.7. Industry Segmentation
2.8. Technology & Invention landscape
2.9. Regional Landscape
2.9.1. North America
2.9.2. Europe
2.9.3. Asia-Pacific
2.9.4. South America
2.9.5. Middle East & Africa
2.10. Competitive Environment
Section 3: Global Bioelectric Medicine Market, By Device Type
3.1. Segmentation Analysis, By Device Type, 2016-2028
3.2. Market Share Segmentation Analysis, By Device Type, 2016-2028
3.3. Implantable devices
3.3.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
3.4. Non-implantable devices
3.4.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
Section 4: Global Bioelectric Medicine Market, By Product Type
4.1. Segmentation Analysis, By Product Type, 2016-2028
4.2. Market Share Segmentation Analysis, By Product Type, 2016-2028
4.3. Cardiac pacemakers
4.3.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.4. Spinal cord stimulators
4.4.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.5. Implantable cardioverter defibrillators
4.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.6. Cochlear implants
4.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.7. Deep brain stimulators
4.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.8. Sacral nerve stimulators
4.8.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.9. Transcutaneous electrical nerve stimulators
4.9.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.10. Vagus nerve stimulators
4.10.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
4.11. Other Products
4.11.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
Section 5: Global Bioelectric Medicine Market, By Application
5.1. Segmentation Analysis, By Application, 2016-2028
5.2. Market Share Segmentation Analysis, By Application, 2016-2028
5.3. Pain management
5.3.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.4. Arrhythmia
5.4.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.5. Parkinson’s disease
5.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.6. Sensorineural hearing loss
5.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.7. Depression
5.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.8. Epilepsy
5.8.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.9. Tremor
5.9.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.10. Urinary and faecal incontinence
5.10.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
5.11. Other Application
5.11.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
Section 6: Global Bioelectric Medicine Market, By End Use
6.1. Segmentation Analysis, By End Use, 2016-2028
6.2. Market Share Segmentation Analysis, By End Use, 2016-2028
6.3. Ambulatory surgical centres
6.3.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
6.4. Hospitals
6.4.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
6.5. Speciality clinics
6.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
6.6. Home care settings
6.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
6.7. Others
6.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
Section 7: Global Bioelectric Medicine Market, Regional Analysis
7.1. Global Bioelectric Medicine Market, Regional Analysis
7.2. North America, Country level Analysis
7.2.1. North America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Device Type, 2016 – 2028
7.2.2. North America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Product Type, 2016 – 2028
7.2.3. North America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Application, 2016 – 2028
7.2.4. North America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By End Use, 2016 – 2028
7.2.5. United States
7.2.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.2.6. Canada
7.2.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.2.7. Mexico
7.2.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3. Europe Country level Analysis
7.3.1. Europe Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Device Type, 2016 – 2028
7.3.2. Europe Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Product Type, 2016 – 2028
7.3.3. Europe Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Application, 2016 – 2028
7.3.4. Europe Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By End Use, 2016 – 2028
7.3.5. UK
7.3.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3.6. Germany
7.3.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3.7. France
7.3.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3.8. Italy
7.3.8.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3.9. Spain
7.3.9.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3.10. Russia
7.3.10.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.3.11. Rest of Europe
7.3.11.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4. Asia-Pacific Country level Analysis
7.4.1. Asia-Pacific Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Device Type, 2016 – 2028
7.4.2. Asia-Pacific Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Product Type, 2016 – 2028
7.4.3. Asia-Pacific Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Application, 2016 – 2028
7.4.4. Asia-Pacific Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By End Use, 2016 – 2028
7.4.5. China
7.4.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4.6. India
7.4.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4.7. Japan
7.4.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4.8. Korea
7.4.8.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4.9. Australia
7.4.9.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4.10. Southeast Asia
7.4.10.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.4.11. Rest of Asia-Pacific
7.4.11.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.5. South America Country level Analysis
7.5.1. South America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Device Type, 2016 – 2028
7.5.2. South America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Product Type, 2016 – 2028
7.5.3. South America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Application, 2016 – 2028
7.5.4. South America Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By End Use, 2016 – 2028
7.5.5. Brazil
7.5.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.5.6. Argentina
7.5.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.5.7. Colombia
7.5.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.5.8. Rest of South America
7.5.8.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.6. Middle East & Africa Country level Analysis
7.6.1. MEA Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Device Type, 2016 – 2028
7.6.2. MEA Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Product Type, 2016 – 2028
7.6.3. MEA Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By Application, 2016 – 2028
7.6.4. MEA Bioelectric Medicine Market estimates and forecast with Growth rate analysis, By End Use, 2016 – 2028
7.6.5. GCC
7.6.5.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.6.6. South Africa
7.6.6.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
7.6.7. Rest of Middle East & Africa
7.6.7.1. Market estimates and forecast with Growth rate analysis, 2016 – 2028
Section 8: Company Profile - Bioelectric Medicine Market
8.1. Abbott
8.1.1. Business Overview
8.1.2. Product & Service Offering
8.1.3. Overall Revenue
8.1.4. Strategic Outlook
8.2. BIOTRONIK SE & Co. KG
8.2.1. Business Overview
8.2.2. Product & Service Offering
8.2.3. Overall Revenue
8.2.4. Strategic Outlook
8.3. Medtronic
8.3.1. Business Overview
8.3.2. Product & Service Offering
8.3.3. Overall Revenue
8.3.4. Strategic Outlook
8.4. Boston Scientific Corporation
8.4.1. Business Overview
8.4.2. Product & Service Offering
8.4.3. Overall Revenue
8.4.4. Strategic Outlook
8.5. LivaNova PLC
8.5.1. Business Overview
8.5.2. Product & Service Offering
8.5.3. Overall Revenue
8.5.4. Strategic Outlook
8.6. Cochlear Ltd.
8.6.1. Business Overview
8.6.2. Product & Service Offering
8.6.3. Overall Revenue
8.6.4. Strategic Outlook
8.7. NEVRO CORP.
8.7.1. Business Overview
8.7.2. Product & Service Offering
8.7.3. Overall Revenue
8.7.4. Strategic Outlook
8.8. BioElectronics Corporation
8.8.1. Business Overview
8.8.2. Product & Service Offering
8.8.3. Overall Revenue
8.8.4. Strategic Outlook
8.9. GlaxoSmithKline plc
8.9.1. Business Overview
8.9.2. Product & Service Offering
8.9.3. Overall Revenue
8.9.4. Strategic Outlook
8.10. Sonova
8.10.1. Business Overview
8.10.2. Product & Service Offering
8.10.3. Overall Revenue
8.10.4. Strategic Outlook
8.11. Wright Medical Technology, Inc.
8.11.1. Business Overview
8.11.2. Product & Service Offering
8.11.3. Overall Revenue
8.11.4. Strategic Outlook
8.12. electroCore, Inc.
8.12.1. Business Overview
8.12.2. Product & Service Offering
8.12.3. Overall Revenue
8.12.4. Strategic Outlook
8.13. Second Sight
8.13.1. Business Overview
8.13.2. Product & Service Offering
8.13.3. Overall Revenue
8.13.4. Strategic Outlook
*Market size and forecast will be provided from 2016-2028, and forecast period would be 2021-2028
*Details on financial performance and strategic moves and developments may not be captured for unlisted companies
*List of companies profiled in this TOC is tentative and may change after detailed analysis
