Report Highlights
Electroceuticals/Bioelectric Medicine Market Size And Forecast
Electroceuticals/Bioelectric Medicine Market was valued at USD 21.18 billion in 2019 and is projected to reach USD 36.70 billion by 2027, growing at a CAGR of 7.67% from 2020 to 2027.
Global Electroceuticals/Bioelectric Medicine Market Outlook
Advanced electroceuticals including implantable cardioverter defibrillators, cochlear implants, cardiac pacemakers, and spinal cord stimulators, are used by the aging population for the treatment of these conditions. Hence, the expanding geriatric population is expected to drive the market for electroceutical/bioelectric medicines. Moreover, increasing prevalence of chronic diseases such as cardiac and neurological disorders is expected to boost market growth.
Global Electroceuticals/Bioelectric Medicine Market, Segment Analysis
The Global Electroceuticals/Bioelectric Medicine Market is segmented on the basis of product, Type, Application, and Geography.
Global Electroceuticals/Bioelectric Medicine Market, Competitive Landscape
The Global Electroceuticals/Bioelectric Medicine market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Medtronic, Boston Scientific Corporation, Cochlear Ltd., Sonova, LivaNova PLC, Biotronik, Nevro Corp, and electroCore LLC.
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