Global Electroceuticals Market: Market Size, Share and Forecast 2019-2025


Posted February 8, 2020 by pooja99

Global Electroceuticals Market is expected to grow at a CAGR of 7.4% during the forecast period.
 
Global Electroceuticals Market is expected to grow at a CAGR of 7.4% during the forecast period. Electroceuticals are the medical devices that are used for restoring the healthy condition of the patients by either holding the device against the skin or implanting them in the nerve. It is also known as bioelectric medicine used as an alternative to drug-based remedies. Electroceutical devices applications are used in several ailments and disorders related to neurology and cardiology and are effective in treating these conditions through invasive and non-invasive methods.

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The global Electroceuticals Market is expected to grow significantly owing to various factors such as rising incidence and prevalence rate of chronic diseases, and growing investment for the development of advanced electroceuticals by major players as well as the government. For instance, GSK PLC and Microsoft Corporation invested significantly into the R&D of advance electroceutical devices. In 2016, both the companies collaborated to form Galvani Bioelectronics and plans to invest $715 million in next seven years for R&D programs. Around 55% stake are owned by GSK PLC, whereas 45% by Microsoft Corp.

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Global Electroceuticals Market-Segmentation

By Product and its Application

Cardioverter Defibrillators and Cardiac Pacemaker
Arrhythmias
Deep Brain Stimulators
Parkinson’s Disease
Depression
Spinal Cord Stimulators
Failed Back Syndrome
Ischemia
Vagus Nerve Stimulators
Epilepsy
Cochlear Implants
Sensorineural Hearing Loss
Others (Sacral Nerve Stimulators, Transcutaneous Electrical Nerve Stimulators)
Urinary Incontinence
Treatment-Resistant Depression
By End-User

Hospitals and Clinics
Research Institutes
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Asia-Pacific
China
India
Japan
Company Profiles

Abbott Laboratories Inc.
Advanced Bionics AG
Aleva Neurotherapeutics SA
Axonics Modulation Technologies Inc.
BioElectronics Corp.
Biotronik
Boston Scientific Corp.
Cala Health Inc.
Cigna Corp.
Cochlear Ltd
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Last Updated February 8, 2020