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Published: Mar, 2017 | Pages:
90 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
The global electroceuticals/bioelectric medicine market is expected to reach USD 35.5 billion by 2025, according to a new report by Grand View Research, Inc. Rising geriatric population is the major factor that is expected to propel growth during the forecast period. Aging population is prone to various diseases such as cardiac arrhythmias, Parkinson's disease, Alzheimer's disease, epilepsy, and depression. There are various advanced electroceuticals including implantable cardioverter defibrillators, cochlear implants, cardiac pacemakers, and spinal cord stimulators, which can be used for the treatment of these conditions. Increasing investment in the development of advanced bioelectric medicine is another major factor supporting the growth of the electroceuticals market. For instance, in FY 2016, Medtronic, a leading bioelectric medicine manufacturer, invested around USD 2,224 million in R&D for development of advanced products. Technological advancements in these products propel their adoption in treatment of chronic diseases such as cardiac arrhythmias and Parkinson's disease. The technological advanced electroceuticals provide high reliability and efficiency during treatment. Further key findings from the report suggest: • Implantable cardioverter defibrillators segment was the largest revenue-generating segment of the electroceuticals market in 2016 owing to large application of these products for the treatment of arrhythmia • The implantable electroceuticals devices segment accounted for the largest revenue share in the bioelectric medicine market in 2016 owing to technological advancements • In the application segment, the arrhythmia segment accounted for the largest share in 2016 and is expected to maintain its dominance throughout forecast period • The hospitals dominated the electroceuticals market in terms of revenue in 2016 due to the escalating number of electroceutical devices implant procedures in hospitals • The North America bioelectric medicine market is the leading regional sector and accounted for the largest revenue share in 2016 mainly due to the existence of large number of medical devices companies in this region • The Asia Pacific region is expected to grow at a highest growth rate during the study period. The developing healthcare infrastructure and rising healthcare awareness in the Asian countries such as China and India is a major factor contributing to the growth in this region • Some of the major players include Medtronic; St. Jude Medical; Boston Scientific Corporation; Cochlear Ltd.; Sonova; LivaNova PLC; Biotronik; Nevro Corp.; SECOND SIGHT; and electroCore LLC.
Table of Content
Chapter 1 Research Methodology
1.1 Country Wise Market: Base Estimates
1.2 Global Market: CAGR Calculation
1.3 Region Based Segment Share Calculation
1.4 Research Scope & Assumptions
1.5 List of Data Sources
1.5.1 Data for primary interviews, by sources
1.5.2 Data for primary interviews, by region
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Electroceuticals/Bioelectric Medicine Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Rising geriatric population
3.2.2 Escalating investments in R&D by companies
3.2.3 Rising prevalence of cardiac and neurological disorders
3.2.4 Regulatory approval for advanced bioelectric devices
3.3 Market Restraint Analysis
3.3.1 Product recall
3.3.2 Stringent government regulations
3.3.3 Lack of skilled professionals
3.4 Key Opportunities Prioritized
3.4.1 Key opportunities prioritized, by product
3.4.2 Key opportunities prioritized, by type
3.4.3 Key opportunities prioritized, by application
3.4.4 Key opportunities prioritized, by end-use
3.5 Electroceuticals/Bioelectric Medicine - SWOT Analysis, By Factor (Political & Legal, Economic And Technological)
3.6 Industry Analysis - Porter's
3.7 Competitive Landscape: Market Share Analysis, 2016
Chapter 4 Electroceuticals/Bioelectric Medicine: Product Estimates & Trend Analysis
4.1 Electroceuticals/Bioelectric Medicine Market: Product Movement Analysis
4.2 Implantable Cardioverter Defibrillators
4.2.1 Implantable cardioverter defibrillators market, 2014 - 2025 (USD Million)
4.3 Cardiac Pacemakers
4.3.1 Cardiac pacemakers market, 2014 - 2025 (USD Million)
4.4 Cochlear Implants
4.4.1 Cochlear implants market, 2014 - 2025 (USD Million)
4.5 Spinal Cord Stimulators
4.5.1 Spinal cord stimulators market, 2014 - 2025 (USD Million)
4.6 Deep Brain Stimulators
4.6.1 Deep brain stimulators market, 2014 - 2025 (USD Million)
4.7 Transcutaneous Electrical Nerve Stimulators
4.7.1 Transcutaneous electrical nerve stimulators market, 2014 - 2025 (USD Million)
4.8 Sacral Nerve Stimulators
4.8.1 Sacral nerve stimulators market, 2014 - 2025 (USD Million)
4.9 Vagus Nerve Stimulators
4.9.1 Vagus nerve stimulators market, 2014 - 2025 (USD Million)
4.10 Other Bioelectric Medicine
4.10.1 Other bioelectric medicine market, 2014 - 2025 (USD Million)
Chapter 5 Electroceuticals/Bioelectric Medicine: Type Estimates & Trend Analysis
5.1 Electroceuticals/Bioelectric Medicine Market: Type Movement Analysis
5.2 Implantable Electroceutical Devices
5.2.1 Implantable electroceutical devices market, 2014 - 2025 (USD Million)
5.3 Noninvasive Electroceutical Devices
5.3.1 Noninvasive electroceutical devices market, 2014 - 2025 (USD Million)
Chapter 6 Electroceuticals/Bioelectric Medicine: Application Estimates & Trend Analysis
6.1 Electroceuticals/Bioelectric Medicine Market: Application Movement Analysis
6.2 Arrhythmia
6.2.1 Arrhythmia market, 2014 - 2025 (USD Million)
6.3 Pain Management
6.3.1 Pain management market, 2014 - 2025 (USD Million)
6.4 Sensorineural Hearing Loss
6.4.1 Sensorineural hearing loss market, 2014 - 2025 (USD Million)
6.5 Parkinson's disease
6.5.1 Parkinson's disease market, 2014 - 2025 (USD Million)
6.6 Tremor
6.6.1 Tremor market, 2014 - 2025 (USD Million)
6.7 Depression
6.7.1 Depression market, 2014 - 2025 (USD Million)
6.8 Treatment-resistant Depression
6.8.1 Treatment-resistant depression market, 2014 - 2025 (USD Million)
6.9 Epilepsy
6.9.1 Epilepsy market, 2014 - 2025 (USD Million)
6.10 Urinary and Fecal Incontinence
6.10.1 Urinary and fecal incontinence market, 2014 - 2025 (USD Million)
6.11 Others
6.11.1 Others market, 2014 - 2025 (USD Million)
Chapter 7 Electroceuticals/Bioelectric Medicine: End-use Estimates & Trend Analysis
7.1 Electroceuticals/bioelectric medicine market: End-use movement analysis
7.2 Hospitals
7.2.1 Hospitals market, 2014 - 2025 (USD Million)
7.3 Others
7.3.1 Others market, 2014 - 2025 (USD Million)
Chapter 8 Electroceuticals/Bioelectric Medicine: Regional Estimates & Trend Analysis, by Product, Type, Application, End Use
8.1 Electroceuticals/Bioelectric Medicine Market Share by Region, 2016 & 2025
8.2 North America
8.2.1 U.S.
8.2.1.1 U.S. electroceuticals market, by product, 2014 - 2025 (USD Million)
8.2.1.2 U.S. electroceuticals market, by type, 2014 - 2025 (USD Million)
8.2.1.3 U.S. electroceuticals market, by application, 2014 - 2025 (USD Million)
8.2.1.4 U.S. electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.2.2 Canada
8.2.2.1 Canada electroceuticals market, by product, 2014 - 2025 (USD Million)
8.2.2.2 Canada electroceuticals market, by type, 2014 - 2025 (USD Million)
8.2.2.3 Canada electroceuticals market, by application, 2014 - 2025 (USD Million)
8.2.2.4 Canada electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.3 Europe
8.3.1 Germany
8.3.1.1 Germany electroceuticals market, by product, 2014 - 2025 (USD Million)
8.3.1.2 Germany electroceuticals market, by type, 2014 - 2025 (USD Million)
8.3.1.3 Germany electroceuticals market, by application, 2014 - 2025 (USD Million)
8.3.1.4 Germany electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.3.2 UK
8.3.2.1 UK electroceuticals market, by product, 2014 - 2025 (USD Million)
8.3.2.2 UK electroceuticals market, by type, 2014 - 2025 (USD Million)
8.3.2.3 UK electroceuticals market, by application, 2014 - 2025 (USD Million)
8.3.2.4 UK electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Japan electroceuticals market, by product, 2014 - 2025 (USD Million)
8.4.1.2 Japan electroceuticals market, by type, 2014 - 2025 (USD Million)
8.4.1.3 Japan electroceuticals market, by application, 2014 - 2025 (USD Million)
8.4.1.4 Japan electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.4.2 China
8.4.2.1 China electroceuticals market, by product, 2014 - 2025 (USD Million)
8.4.2.2 China electroceuticals market, by type, 2014 - 2025 (USD Million)
8.4.2.3 China electroceuticals market, by application, 2014 - 2025 (USD Million)
8.4.2.4 China electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.4.3 India
8.4.3.1 India electroceuticals market, by product, 2014 - 2025 (USD Million)
8.4.3.2 India electroceuticals market, by type, 2014 - 2025 (USD Million)
8.4.3.3 India electroceuticals market, by application, 2014 - 2025 (USD Million)
8.4.3.4 India electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Brazil electroceuticals market, by product, 2014 - 2025 (USD Million)
8.5.1.2 Brazil electroceuticals market, by type, 2014 - 2025 (USD Million)
8.5.1.3 Brazil electroceuticals market, by application, 2014 - 2025 (USD Million)
8.5.1.4 Brazil electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.5.2 Mexico
8.5.2.1 Mexico electroceuticals market, by product, 2014 - 2025 (USD Million)
8.5.2.2 Mexico electroceuticals market, by type, 2014 - 2025 (USD Million)
8.5.2.3 Mexico electroceuticals market, by application, 2014 - 2025 (USD Million)
8.5.2.4 Mexico electroceuticals market, by end-use, 2014 - 2025 (USD Million)
8.6 MEA
8.6.1 South Africa
8.6.1.1 South Africa electroceuticals market, by product, 2014 - 2025 (USD Million)
8.6.1.2 South Africa electroceuticals market, by type, 2014 - 2025 (USD Million)
8.6.1.3 South Africa electroceuticals market, by application, 2014 - 2025 (USD Million)
8.6.1.4 South Africa electroceuticals market, by end-use, 2014 - 2025 (USD Million)
Chapter 9 Competitive Landscape
9.1 Company Profiles
9.1.1 Medtronic
9.1.1.1 Company overview
9.1.1.2 Financial performance
9.1.1.3 Product benchmarking
9.1.1.4 Strategic initiatives
9.1.2 St. Jude Medical, Inc.
9.1.2.1 Company overview
9.1.2.2 Financial performance
9.1.2.3 Product benchmarking
9.1.2.4 Strategic initiatives
9.1.3 Boston Scientific Corporation
9.1.3.1 Company overview
9.1.3.2 Financial performance
9.1.3.3 Product benchmarking
9.1.3.4 Strategic initiatives
9.1.4 Cochlear Ltd
9.1.4.1 Company overview
9.1.4.2 Financial performance
9.1.4.3 Product benchmarking
9.1.4.4 Strategic initiatives
9.1.5 Sonova; LivaNova PLC
9.1.5.1 Company overview
9.1.5.2 Financial performance
9.1.5.3 Product benchmarking
9.1.5.4 Strategic initiatives
9.1.6 Biotronik
9.1.6.1 Company overview
9.1.6.2 Financial performance
9.1.6.3 Product benchmarking
9.1.6.4 Strategic initiatives
9.1.7 Nevro Corp.
9.1.7.1 Company overview
9.1.7.2 Financial performance
9.1.7.3 Product benchmarking
9.1.7.4 Strategic initiatives
9.1.8 Second Sight
9.1.8.1 Company overview
9.1.8.2 Financial performance
9.1.8.3 Product benchmarking
9.1.8.4 Strategic initiatives
9.1.9 electroCore LLC.
9.1.9.1 Company overview
9.1.9.2 Financial performance
9.1.9.3 Product benchmarking
9.1.9.4 Strategic initiatives
List of Tables TABLE 1 Factors used in segment share estimation TABLE 2 List of secondary data sources TABLE 3 Primary interview details, by source TABLE 4 Primary interview details, by region TABLE 5 North America electroceuticals market, by country, 2014 - 2025 (USD Million) TABLE 6 North America electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 7 North America electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 8 North America electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 9 North America electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 10 U.S. electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 11 U.S. electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 12 U.S. electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 13 U.S. electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 14 Canada electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 15 Canada electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 16 Canada electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 17 Canada electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 18 Europe electroceuticals market, by country, 2014 - 2025 (USD Million) TABLE 19 Europe electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 20 Europe electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 21 Europe electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 22 Europe electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 23 Germany electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 24 Germany electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 25 Germany electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 26 Germany electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 27 UK electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 28 UK electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 29 UK electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 30 UK electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 31 Asia Pacific electroceuticals market, by country, 2014 - 2025 (USD Million) TABLE 32 Asia Pacific electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 33 Asia Pacific electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 34 Asia Pacific electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 35 Asia Pacific electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 36 Japan electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 37 Japan electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 38 Japan electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 39 Japan electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 40 China electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 41 China electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 42 China electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 43 China electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 44 India electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 45 India electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 46 India electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 47 India electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 48 Latin America electroceuticals market, by country, 2014 - 2025 (USD Million) TABLE 49 Latin America electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 50 Latin America electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 51 Latin America electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 52 Latin America electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 53 Brazil electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 54 Brazil electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 55 Brazil electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 56 Brazil electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 57 Mexico electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 58 Mexico electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 59 Mexico electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 60 Mexico electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 61 MEA electroceuticals market, by country, 2014 - 2025 (USD Million) TABLE 62 MEA electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 63 MEA electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 64 MEA electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 65 MEA electroceuticals market, by end-use, 2014 - 2025 (USD Million) TABLE 66 South Africa electroceuticals market, by product, 2014 - 2025 (USD Million) TABLE 67 South Africa electroceuticals market, by type, 2014 - 2025 (USD Million) TABLE 68 South Africa electroceuticals market, by application, 2014 - 2025 (USD Million) TABLE 69 South Africa electroceuticals market, by end-use, 2014 - 2025 (USD Million)
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