Global Bioelectric Medicine Market Revenue To Scale Up To Highest Peak With US$22,800.9 Million By 2027. Factors such as an increase in the number of chronic diseases and a rise in the global elderly population have resulted in increased adoption of innovative and novel treatment devices, which is likely to drive the bioelectric medicine market’s growth. The advancements in electroceutical device technology, as well as the adoption of collaboration and mergers and acquisitions among companies, are increasing the possibility for the bioelectric medicine market to develop.
The elderly are at a higher risk of having neurologic or cardiovascular problems. Geriatrics are a major part of the entire patient pool because of their greater vulnerability to such diseases. As a consequence, the continued and increased demand for such as implantable cardioverter defibrillators, cardiac pacemakers, spinal cord stimulators, and deep brain stimulators for the treatment of cardiovascular and neurological disorders will be ensured by the growth of this population segment.
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Bioelectric Medicine Market Report Highlights
Rise in new approvals for advanced bioelectric medicine and increase in investment and funding for the development of new therapies and electroceuticals is expected to rise the growth for bioelectric medicine market.
However, factors such as stringent government rules and regulations for development and manufacture of new devices, product recalls, high price of cochlear implantation and lack of skilled professionals are expected to hamper the growth for bioelectric medicine market during the forecast period
In April 2019, ReShape Lifesciences Inc. announced that company has successfully implanted its first patient in the ENDURE II trial to support CE Marking of the ReShape Vest to treat obesity and metabolic diseases where the clinical results show 85% excess weight loss at one year.
Bioelectric Medicine Market Segmentation
The research report published by Market Research Strategy contains industry segments, as below-
Bioelectric Medicine Product Outlook (Revenue, USD Million, 2016 – 2027)
Cardiac Pacemakers & Implantable Cardioverter Defibrillators
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Nerve Stimulators & Gastric Electrical Stimulators
Transcutaneous Electrical Nerve Stimulators
Vagus Nerve Stimulators
Bioelectric Medicine Type Outlook (Revenue, USD Million, 2016 – 2027)
Implantable Bioelectric medicine Devices
Noninvasive Bioelectric medicine Devices
Bioelectric Medicine End-users Outlook (Revenue, USD Million, 2016 – 2027)
Bioelectric Medicine Regional Outlook (Revenue, USD Million, 2016 – 2027)
North America (U.S., and Canada)
Europe (Germany, U.K., France, Italy, Spain etc.)
Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
South America (Brazil, Mexico, Argentina etc.)
Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
List of Key Players of Bioelectric Medicine Market
Vomaris Innovations, Inc.
Sonova Holding AG
Second Sight Medical Products, Inc.
Boston Scientific Corporation
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