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Pulished Date February, 2020
ID: 8979
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Global Bioelectric Medicine Market Analysis - By Modality (Implantable Devices and Non-Invasive Devices), By Product Type (Cardiac Pacemakers, Implantable Cardioverter Defibrillators, Retinal Implants, Cochlear Implants, Spinal Cord Stimulators, Deep Brain Stimulators and Others), By Application (Arrhythmia, Pain Management, Coronary Artery Disease, Diabetes, Epilepsy, Gastrointestinal Diseases, Other Applications), By End-user (Hospitals, Academic Research Institutes and Ambulatory Surgical Centers), By Region (North America, Europe, APAC, LATAM, Middle East and Africa) – Industry Size, Share, Trends, Growth, Forecast | 2019 - 2024

Pulished: February, 2020
ID: 8979
Pages: 120

Bioelectric Medicine Market Size, Trends & Forecast (2019 - 2024)

Globally, the size of the Bioelectric Medicine Market is expected to register a CAGR of 7.9% during the forecast period of 2019 - 2024.

Electroceutical devices are also known as bioelectronics medicine is a process in which it acts by targeting neural circuits of organs and modifies the functionality of the specific organs. This procedure involves treating varied diseases with the help of tiny electronic implants. This is specifically used in the treatment of targeted therapies.

The rise in the number of patients suffering from chronic diseases is driving the demand of the Global Bioelectric Medicine Market to the extent. In addition, increasing demand to have effective treatment procedure is leveling up the growth of the market.

However, the cost of installation and maintenance of the devices is a bit expensive and this is impeding the growth of the market. Lack of standardization is also an attribute to hinder the demand of the Global Bioelectric Medicine Market.

Growing investments in the healthcare centers by government and also the launch of reimbursement schemes in favor of the common people is setting up growth opportunities for the Global Bioelectric Medicine Market. Rising capita income in developing countries is also surging the demand of the market to the extent.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Device, Application, End-user & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cochlear Limited (Australia), Sonova Holding AG (Switzerland), LivaNova PLC (U.K.), Biotronik (Germany), Medtronic plc (Ireland), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), Nevro Corporation (U.S.), Second Sight Medical Products, Inc. (U.S.), and ElectroCore LLC (U.S.)

 

This market research report on the Global Bioelectric Medicine Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2024.

Bioelectric Medicine Market Analysis - By Modality

  • Implantable Devices
  • Non-Invasive Devices

On the basis of the modality, the Implantable Electroceutical devices are leading with dominant shares of the market. Increasing targeted therapies procedures globally is propelling the demand of the market.

Bioelectric Medicine Market Analysis - By Product Type

  • Cardiac Pacemakers
  • Implantable Cardioverter Defibrillators
  • Retinal Implants
  • Cochlear Implants
  • Spinal Cord Stimulators
  • Deep Brain Stimulators
  • Others

Bioelectric Medicine Market Analysis - By Application

  • Arrhythmia
  • Pain Management
  • Coronary Artery Disease
  • Diabetes
  • Epilepsy
  • Gastrointestinal Diseases
  • Other Applications

Bioelectric Medicine Market Analysis - By End-user

  • Hospitals
  • Academic Research Institutes
  • Ambulatory Surgical Centers

On the basis of end-user, the Hospitals segment is ruling with the highest shares of the market. The rise in the construction of hospitals with the latest equipment is bolstering the demand of the market.

Bioelectric Medicine Market Analysis - By Region

  • North America - (United States and Canada)
  • Europe - (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe)
  • Asia Pacific - (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC)
  • Latin America - (Brazil, Mexico, Argentina, Chile & Rest of LATAM)
  • Middle East & Africa - (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)

Regionally, the market is held by North America by owing to the implementation of various treatment procedures at a high success rate. Europe and the Asia Pacific are following North America with an increase in the geriatric population and also growing prevalence for the non-invasive treatment procedures. The Middle East and Africa are esteemed to have inclined growth rates during the foremost time span.

List of major competitors dominating the Global Bioelectric Medicine Market profiled in this report are: 

  1. Cochlear Limited (Australia)
  2. Sonova Holding AG (Switzerland)
  3. LivaNova PLC (U.K.)
  4. Biotronik (Germany)
  5. Medtronic plc (Ireland)
  6. St. Jude Medical, Inc. (U.S.)
  7. Boston Scientific Corporation (U.S.)
  8. Nevro Corporation (U.S.)
  9. Second Sight Medical Products, Inc. (U.S.)
  10. ElectroCore LLC (U.S.)
  11. BioElectronics Corporation (U.S.)
  12. MED-EL (Austria)
  13. Cefaly Technology (Belgium)
  14. NeuroSigma, Inc. (U.S.)
  15. Stimwave LLC (U.S.)
  16. Vomaris Innovations, Inc. (U.S.)
  17. EnteroMedics Inc. (U.S.)
  18. Oticon Medical (France)
  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Device
      1. Implantable
      2. Non-Invasive
      3. Y-o-Y Growth Analysis, By Material Type
      4. Market Attractiveness Analysis, By Material Type
      5. Market Share Analysis, By Material Type
    2. By Application
      1. Pain management
      2. Central Nervous System (CNS)
      3. Gastroenterology/Urology
      4. Hearing aids
      5. Cardiology
      6. Other applications
      7. Y-o-Y Growth Analysis, By Form
      8. Market Attractiveness Analysis, By Form
      9. Market Share Analysis, By Form
    3. By End-user
      1. Hospitals
      2. Research Institutes
      3. Individual Users
      4. Space
      5. Avionics & Defense
      6. Automotive
      7. Others
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Device
        3. By Application
        4. By End-user
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Device
        3. By Application
        4. By End-user
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Device
        3. By Application
        4. By End-user
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. 3D Systems Corporation
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Cochlear Limited (Australia)
    3. Sonova Holding AG (Switzerland)
    4. LivaNova PLC (U.K.)
    5. Biotronik (Germany)
    6. Medtronic plc (Ireland)
    7. St. Jude Medical, Inc. (U.S.)
    8.  Boston Scientific Corporation (U.S.)
    9. Nevro Corporation (U.S.)
    10. Second Sight Medical Products, Inc. (U.S.
    11. ElectroCore LLC (U.S.)
      1. Merger and Acquisition Analysis
      2. Agreements, Collaborations and Joint Ventures
      3. New Product Launches
  9. Market Outlook and Investment Opportunities
  10. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Route Of Administration, Therapeutic Areas along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Electroceutical/Bioelectric Medicine Market

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