High number of diseases due to rise in geriatric population, product launches, increasing strategic developments such as partnerships and agreements, favourable research funding scenario for development of Electroceuticals devices are key factors contributing to high CAGR of Bioelectric Medicine during forecast period.
Market Size – USD 21.7 Billion in 2019, Market Growth – CAGR of 8.5%. Market Trends – Product launches and research for Anti-Snoring devices and surgical instruments.
The global Electroceuticals/Bioelectric Market was valued at USD 21.7 Billion in 2019 and is expected to reach USD 41.37 Billion by year 2027, at a CAGR of 8.5%.
According to a study conducted by World Health Organisation in 2017, four major chronic diseases including cardiovascular diseases, cancers, diabetes, chronic respiratory diseases and diabetes were the major cause for 80% of all premature deaths.
Bioelectric medicine or Electroceuticals devices indicates the usage of devices instead of drugs, are safe to block, record and stimulate neural signals to cure from chronic disorders. They are invasive and non-invasive in nature which are held against the skin or implanted in nerve to restore the healthy condition of the patient without the complicated side of pharmaceutical agents. They treat diseases by the implication of devices which combine bioengineering, neuroscience, molecular medicines and electronics for the regulation of biological process. The bioelectric therapy also prompts the body to produce endorphins which helps to relieve pain in the body of the patients. So, usually there’s an inflammation which is the central phenomenon in all diseases starting from cancer to diabetes and secondly, this inflammation can be controlled through electrically stimulating vagus nerve. Electroceutical devices are used for the treatment of epilepsy, cardiovascular diseases, cancer, paralysis, rheumatoid arthritis and diabetes, etc. Key recent developments in the field of bioelectric medicine pharmaceutical include production of different electroceuticals devices. For instance, in April 2017, FDA approved a device called GammaCore launched by ElectroCore that transmits a mild electrical simulation to the vagus nerve through the skin, resulting in a reduction of pain to treat cluster headaches, a rare form of headache that affects mostly men.
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Key findings in the report:
Electroceuticals/Bioelectric Medicine Market Size, Share & Analysis, By Product Type, By Devices Type (Implantable Electroceutical, Non-Invasive Electroceutical), By Application, By End User, Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/electroceuticals-bioelectric-medicine-market
Segments covered in the report:
For the purpose of the study, this Reports and Data has segmented the Global Electroceuticals/Bioelectric Medicine Market on the basis of product type, devices type, application, end user and the regional outlook:
Product Type (Revenue, USD Million; 2016–2027)
Devices Type (Revenue, USD Million; 2016–2027)
Application (Revenue, USD Million; 2016–2027)
End User (Revenue, USD Million; 2016–2027)
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Regional Outlook (Revenue in USD Billion; 2017–2027)
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2027
Chapter 3. Indicative Metrics
3.1. Rising incidence of diseases
3.2. Growing awareness among patients and physicians
3.3. Advance R&D facilities and new product developments by companies
3.4. Growing geriatric population
Chapter 4. Electroceuticals/Bioelectric Medicine Segmentation & Impact Analysis
4.1. Electroceuticals/Bioelectric Medicine Segmentation Analysis
4.2. Electroceuticals/Bioelectric Medicine Market Value Chain Analysis, 2016-2027
4.3. Regulatory framework
4.4. Electroceuticals/Bioelectric Medicine Market Impact Analysis
Continue …
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