Electroceutical Devices Market - Global Forecast, 2022 - 2028
Electroceuticals are the new category of therapeutic agents which act by targeting the neural circuits of organs. Moreover, electroceuticals involves mapping of neural circuitry and delivering neural impulses to the specific targets. This impulse is administered via an implantable device. In cardiology besides pacemaker, defibrillation and resynchronization applications; Electroceuticals used in heart failure, atrial fibrillation, coronary artery disease, myocarditis, resistant hypertension, atrial and ventricular tachyarrhythmias, pulseless electrical activity, and refractory angina.
Market Dynamics
Electroceutical devices market is expected to witness lucrative growth opportunities during forecast period owing to the advancements in electroceutical technology, strategic collaboration, mergers and acquisitions among key players in these market. Furthermore, other potential factors contributing to the growth of electroceutical devices market include rising number of disease among geriatric population such as cardiac arrhythmias, Parkinson’s disease, Alzheimer’s disease, epilepsy, and depression, and increases in chronic diseases such as neurological, and cardiac disorders. For instance, according to the American College of Cardiology, cardiovascular disease represents great burden for the elderly population, their caregivers and the health system.
Key features of the study:
This report provides in-depth analysis of electroceutical devices in medical sector and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global electroceutical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
Key companies covered as a part of this study include Medtronic plc, Abbott Laboratories, Cochlear Ltd. Sonova Holding AG, Advanced Bionics AG, Boston Scientific Corporation, electroCore, Inc., Biotronik, ReShape Lifesciences, Inc., and LivaNova, PLC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
The global electroceutical devices market report caters to various stakeholders in this industry including investors, suppliers, electroceutical devices based product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the electroceutical devices market.
Detailed Segmentation:
Global Electroceutical Devices Market, By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
Global Electroceutical Devices Market, By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
Global Electroceutical Devices Market, By Application:
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
Global Electroceutical Devices Market, By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Global Electroceutical Devices Market, By Geography:
North America
By Country:
U.S.
Canada
By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
By Application
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Europe
By Country:
Germany
France
Italy
UK
Spain
Russia
Rest of Europe
By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
By Application
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Asia Pacific
By Country:
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
By Application
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
By Application
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Latin America
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
By Application
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Africa
By Country:
South Africa
Central Africa
North Africa
By Product:
Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Retinal Implants
Cochlear Implants
Spinal cord Stimulators
Deep brain Stimulators
Others
By Modality:
Implantable Electroceutical Devices
Non-Invasive Electroceutical Devices
By Application
Pain Management
Wound Healing
Atrial Fibrillation
Coronary Artery Disease
Diabetes
Arthritis
Hypertension
Gastrointestinal Diseases
Other Applications
By End User:
Hospitals
Academic Research Institutions
Ambulatory Surgical Centers
Company Profiles
Medtronic plc*
Company Overview
Product Portfolio
Financial Performance
Recent Developments
Strategies
Cochlear Ltd.
Sonova Holding AG
Abbott Laboratories
Advanced Bionics AG
Boston Scientific Corporation
ElectroCore, Inc.
Biotronik
ReShape Lifesciences, Inc.
LivaNova, PLC
“*” marked represents similar segmentation in other categories in the respective section.
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