The global Bioelectric Medicine Market will be worth USD 31.06 billion by 2027, according to a current analysis by Emergen Research. The growing pool of geriatric population has resulted in the requirement of bioelectric medicine, which is the primary factor anticipated to fuel the market growth during the forecast period. Moreover, the aging population is easily affected by medical disorders like cardiac arrhythmias, Alzheimer’s disease, epilepsy, Parkinson’s disease, and depression. Over the recent past, there has been a growing emphasis of technological advancements which extends to cardiac pacemakers, implantable cardioverter defibrillators, cochlear implants, and spinal cord stimulators, are used for the treatment of these conditions. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
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The growth in the emergence of critical wounds, rising number of surgeries, trauma, and burn cases, in addition to the high disposable income of consumers and the increasing levels of awareness regarding the need for the diagnosis of complex wounds are the major drivers of the market. The growing curve in the per capita disposable incomes across all the major nations and the cost-effectiveness of advanced products throughout developing economies, is affecting the growth of the market positively. Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Bioelectric Medicine market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Bioelectric Medicine market revenue growth to a significant extent over the forecast period.
Top key vendors in Bioelectric Medicine Market include are Medtronic; Boston Scientific Corporation; St. Jude Medical; Cochlear Ltd.; LivaNova PLC; Sonova; BIOTRONIK; SECOND SIGHT; Nevro Corp among others.
Key Highlights From The Report.
- In September 2020, Pulse Biosciences, Inc., a US based bioelectric company launched its patented Nano-Pulse Stimulation™ (NPS™) technology which supposedly received the certification from Medical Device Single Audit Program. The NPS technology aids in delivering nano-second pulses of electrical energy to non-thermally clear cells, consequently relieving adjacent non-cellular tissue of any damage.
- In terms of the product lineups, the largest share of this segment is mainly attributed to increase in sudden cardiac arrest (SCA) which is often leading to increase in arrhythmia, cardiovascular death and technological advancements in ICDs.
- Major competitors in the market majorly focusing on investments in R&D in order to enhance technological advancements across the industry. Furthermore, the growing levels of awareness regarding healthcare is leading to the popularity of electroceuticals in developing countries like Argentina, China, South Africa, and India are expected to propel the sector growth..
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The Global Bioelectric Medicine Report is a panoramic study of the overall Bioelectric Medicine market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Bioelectric Medicine market. The report provides a detailed analysis of the key factors of the Bioelectric Medicine market that are expected to have a positive impact on the growth of the Bioelectric Medicine industry.
For the purpose of this report, Emergen Research has segmented into the global Bioelectric Medicine Market on the product type, application, end user and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Cardioverter defibrillators
- Cardiac pacemakers
- Cohlear implants
- Spinal cord stimulators
- Brain stimulators
- Sacral and vagus nerve stimulators
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Pain Management
- Sensorineural hearing loss
- Parkinson’s disease
- End User Outlook (Revenue, USD Billion; 2017-2027)
- Ambulatory Surgery Centers
- Diagnostic Centers
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Table of Content
Chapter 1. Methodology & Sources
1.1. Bioelectric Medicine Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Bioelectric Medicine Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Bioelectric Medicine Market Segmentation & Impact Analysis
4.1. Bioelectric Medicine Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Bioelectric Medicine Market indicators analysis
4.2.2. Bioelectric Medicine Market drivers analysis
184.108.40.206. Rapid urbanization and industrialization
220.127.116.11. Stringent government regulations regarding carbon emissions
18.104.22.168. Increasing prevalence of respiratory diseases
22.214.171.124. Rising need to enhance indoor air quality
4.2.3. Bioelectric Medicine Market restraints analysis
126.96.36.199. High cost associated with the maintenance of Bioelectric Medicine products
188.8.131.52. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Bioelectric Medicine industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Bioelectric Medicine market across different regions?
- Who are the major driving forces expected to decide the fate of the Bioelectric Medicine industry worldwide?
- Who are the prominent market players making a mark in the Bioelectric Medicine market with their winning strategies?
- Which Bioelectric Medicine industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Bioelectric Medicine market?
Key Objectives of the Report:
Analysis and estimation of the Bioelectric Medicine Market size and share for the projected period of 2020-2027
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Bioelectric Medicine Market
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