MarketResearch.biz delivers in-depth insights on the global electroceutical devices market in its upcoming report titled, “Global Electroceutical Devices Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global drugs market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electroceutical devices market report has been segmented on the basis of product, type of device, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzsed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Electroceuticals has a common property of employing electrical stimulation to modify body function. The therapy involves mapping the neural circuitry and delivering neural impulses to these specific targets. Electroceuticals is also known as bioelectronic medicine and can be used to treatment of various diseases which includes parkinson’s disease, depression, arrhythmia, hypertension, chronic pain etc.
Increasing number of cases of neurological order and hearing loss are major factors expected to drive the growth of the global electroceutical devices market over the forecast period. Companies investing on development of innovative and novel electroceutical devices is other factor expected to fuel growth of the global electroceutical devices market over the forecast period. Increasing number of product approvals and subsequent launch of the same, in order to gain competitive edge is expected to support to growth of target market over the forecast period.
However, lack of skilled professional is expected to hamper growth of the market over the forecast period.
North America market dominates the global electroceutical devices market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to increasing prevalence of neurological disorder in the region. Europe accounts for second-largest revenue share contribution to the global electroceutical devices market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Increasing adoption for advanced technologies coupled with growing number of cases of chronic diseases each year in the country in the region is a major factor expected to support growth of the market in the region over the forecast period.
Target audience for the global electroceutical devices market includes electroceutical devices manufacturers, government organizations, research associations, supplier and distributor for electroceutical devices etc., and audiology centers.
Global Electroceutical Devices Market Segmentation:
Global electroceutical devices market segmentation, by product:
- Cardiac Pacemakers
- Implantable Cardioverter Defibrillators
- Retinal Implants
- Cochlear Implants
- Spinal cord Stimulators
- Deep brain Stimulators
Global electroceutical devices market segmentation, by type of device
- Implantable Electroceutical Devices
- Non-invasive Electroceutical Devices
Global electroceutical devices market, by end user
- Academic Research Institutions
- Ambulatory Surgical Centers
Global electroceutical devices market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Medtronic plc
- Cochlear Ltd.
- Sonova Holding AG
- Abbott Laboratories
- Advanced Bionics AG
- Boston Scientific Corporation
- ElectroCore, Inc.
- ReShape Lifesciences, Inc.
- LivaNova, PLC
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