Friday, 13 October 2017

Electroceuticals/Bioelectric Medicine Market by Product, Type of Device & Application - 2021

Driving Factors :
A number of factors such as rising geriatric population, regulatory approval for new and advanced electroceuticals, growing investments and funds for the development of novel therapies and electroceuticals, rising prevalence of neurological disorders, and growing prevalence of hearing loss are expected to drive the growth of the electroceuticals/bioelectric medicine market during the forecast period.
The global electroceuticals/bioelectric medicine market is segmented on the basis of product, type of device, application, end user, and region. By product, the market is categorized into implantable cardioverter defibrillators, cardiac pacemakers, spinal cord stimulators, cochlear implants, deep brain stimulators, transcutaneous electrical nerve stimulators, vagus nerve stimulators, sacral nerve stimulators, retinal implants, and other electrical stimulators (gastric electrical stimulators, transcranial magnetic stimulators, and respiratory electrical stimulators).

Electroceuticals/Bioelectric Medicine Market by Product

The implantable cardioverter defibrillators segment is expected to account for the largest share of the market in 2016. The largest share of this segment is mainly attributed to increase in sudden cardiac arrest (SCA) leading to cardiovascular death, technological advancements in ICDs, and increase in arrhythmia. However, the retinal implants segment is expected to grow at the highest CAGR during the forecast period (2016–2021).
Geographical Analysis :
The global electroceuticals/bioelectric medicine market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, Middle East, and Africa).
North America is expected to account for the largest share of the electroceuticals/bioelectric medicine market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World.
The Asia-Pacific market is projected to grow at the highest CAGR, and serves as a revenue pocket for companies offering electroceuticals/bioelectric medicine devices.

Electroceuticals/Bioelectric Medicine Market by Product, Type of Device & Application — 2021

Source :
Organisation for Economic Co-operation and Development (OECD) Publications, The National Center for Biotechnology Information (NCIB), National Institute on Deafness and Other Communication Disorders (NIDCD), Alzheimer’s Association, International Diabetes Federation (IDF), National Institute on Aging (NIA), Heart Rhythm Society, World Heart Federation, Hearing Industries Association (HIA), National Institutes of Health (NIH), Experts Interviews, MnM Analysis

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