Global Electroceutical
Market Report
2025
Electroceutical market size was valued at USD 25.83 billion in 2022 and will be USD 36.5 billion by 2030 with a CAGR of 6.6% for the forecasted period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Electroceutical market size was valued at USD 25.83 billion in 2022 and will be USD 36.5 billion by 2030 with a CAGR of 6.6% for the forecasted period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electroceutical Market Sales Revenue 2022 | $ 25.83 Billion |
Global Electroceutical Market Sales Revenue 2030 | $ 36.5 Billion |
Global Electroceutical Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.6% |
Market Split by Product |
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Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Electroceutical Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical devices that offer neurostimulation for medical treatment, but it's also frequently used to refer to extremely small and/or injectable implants. A new class of medicinal products called electroceuticals works by focusing on the neural circuits in various organs. In order to target these particular sites using cerebral impulses, the therapy involves identifying the neural circuitry. An inserted device is used to transmit the drive. Electrically stimulated treatments have been proposed to hasten brain healing and repair after injury as well as to manage neuronal plasticity processes that may aid in regaining lost functions. Growing chronic illness is the prime driver of the electroceuticals market.
Market Dynamics of the Electroceuticals
The growing incidence of persistent illnesses, the increasing need for minimally invasive therapies, and the favourable reimbursement environment in developed nations are the main factors driving the worldwide market for electroceuticals. The market for electroceuticals is expanding mainly due to the increased prevalence of chronic disorders. The World Health Organisation predicts that by 2030, there will be 50% more persons living with chronic diseases than there were in 2008. The main risk factors for long-term illnesses, such as changing lifestyle and eating habits, are blamed for this rise. According to the WHO, by 2030, long-term illnesses would be responsible for almost 75 percent of all fatalities worldwide.
Restraint
Being implantable and comparable devices sometimes have a greater initial price but expenditure reductions over 10-15 years, one of the most difficult problems for electroceuticals is to educate funders on the monetary advantages of electroceuticals. A fresh batch of doctors may need to be educated on electro pharmaceuticals. Some detractors claim that proponents of electroceuticals fail to acknowledge the difficulties in addressing a larger number of unique neurons regularly, durably, and non-disruptively while altering their function because neurological systems are so incredibly complicated. The problem with today's electroceuticals is that they only offer brief comfort; as soon as the patient removes the device, the symptoms reappear. These factors hamper the electroceuticals market growth.
Trends on Electroceuticals market:
A favourable picture for the market is being created by the increasing number of elderly people and the rising prevalence of heart and neurological illnesses worldwide. Another factor driving the increased prevalence of arrhythmia, which is a condition that is treated with cardiac pacemakers and implantable cardioverter-defibrillators. In addition, the growing prevalence of Parkinson's illness and lifestyle-related illnesses including obesity and depression are boosting the need for deep brain stimulators, which is helping the market to expand. Additionally, a rise in development and funding for innovative therapies and electroceuticals as well as an increase in licences for sophisticated bioelectric medicine are favourably impacting market growth. Along with this, the market is expanding due to intensive scientific and technological efforts, considerable expansion of the healthcare infrastructure, rising consumer spending power, and the availability of cutting-edge medical devices for therapeutic applications results in electroceuticals market growth.
Impact of the COVID-19 pandemic on the Electroceuticals Market:
During the COVID-19 pandemic, the enactment of lockdowns and the closing of enterprises hampered the operation of the supply chain, leading to a scarcity of electroceuticals and bioelectric medicine. The delay of multiple electroceutical device implantation surgeries in order to assist COVID-19-infected patients with the available resources has also greatly slowed the revenue growth of the electroceuticals/bioelectric medicine business. A type of PPE has been created using electroceutical fabric, however, to reduce COVID-19 infection among medical personnel. The structural stability of the virus is necessary for contamination, and electroceutical fabric produces weak magnetic fields that disrupt the electrical equilibrium of the virus and cause it to deteriorate its structural stability, making it impossible to infect new people.
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Recent Developments:
Pulse bioscience launched CellFX system:
The CellFX System is currently serving the first clinic patients, according to a statement from Pulse Biosciences, Inc. The CellFX System's initial use in commerce heralds the start of the company's controlled launch program with the shipment of products to respectable dermatology agencies in the US and Europe..
Innervia Bioelectronic & Merck KGaA, Darmstadt, Germany (Merck) have worked together.
Graphene-based bioelectronic nerve stimulating therapies for severe chronic disorders are being developed by Innervia Bioelectronics in partnership with Merck KGaA, Darmstadt, German (Merck). In order to develop treatments for illnesses with unmet medical needs that are included within Merck's areas of expertise, the two enterprises will bring together their respective expertise.
Abbott launch new product AVEIR DR i2i
Abbott company announced a double chamber leadless pacemaker devices name AVEIR i2i pivotal clinical study
Top Companies Market Share in Electroceutical Industry: (In no particular order of Rank)
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North America market revenue is over 34 % in 2021:
North America dominates the market in 2021 with a share of revenue of over 35.0%. Additionally, the region's highly advanced healthcare system and accessibility to cutting-edge items have driven the expansion of the local market. Large bioelectric medicine producers and a highly advanced healthcare infrastructure are anticipated to continue to be key market drivers. During the forecast period. The Asia Pacific region is anticipated to have the greatest CAGR because of the growing elderly population in Asian nations like China and India. Additionally, chronic disorders such as arrhythmias of the heart, Parkinson's disease, Alzheimer's disease, and epilepsy are becoming more common in this area, which is anticipated to increase the use of electroceuticals.
The current report Scope analyzes Electroceutical Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Electroceutical Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electroceutical Industry growth. Electroceutical market has been segmented with the help of its Product , Type Application, and others. Electroceutical market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the product, the electroceuticals market is divided into cardiac pacemaker, implantable cardioverter defibrillators, cochlear implants, spinal cord stimulators. the impalntable cardiovascular defibrillator have the highest market share. Additionally, manufacturers are releasing smart devices that meet unmet consumer needs and support the early diagnosis and identification of arrhythmias in the heart, which is driving market expansion. Additionally, the market is growing favourably as a result of increased research and investment for innovative treatments and electroceuticals in addition to an increase in permits for complex bioelectric medicine. Additionally, the market is growing as a result of significant technological and scientific advancements, a significant growth of the healthcare system, rising spending authority, and the accessibility of state-of-the-art medical equipment for therapeutic uses.
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Based on the type, the electroceutical market is divided into implantable electroceutical devices and non-invasive electroceutical devices. The worldwide market for embedded electroceutical products is anticipated to be the most significant in the global electroceuticals/bioelectric medicine sector, with non-invasive electroceutical devices growing at the greatest CAGR throughout the projected period. Growing rates of cardiovascular disease, hearing loss, brain and spinal cord injuries, obesity, and depression are listed as significant trends that will affect the segment's growth..
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Based on application, the electroceuticals market is divided into arrhythmia, pain management, Parkinson disease, depression. The international market of electroceuticals for arrhythmia is expected to grow significantly during the forecast period. The market is maturing due to having the potential for lowering the total cost of treating cardiac disease and leading to enhanced standards of life.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electroceutical Market is witnessing significant growth in the near future.
In 2023, the cardiac pacemaker segment accounted for noticeable share of global Electroceutical Market and is projected to experience significant growth in the near future.
The implantable electroceutical devices segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott , Medtronic and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | cardiac pacemaker, implantable cardioverter defibrillators, cochlear implants, spinal cord stimulators |
Type | implantable electroceutical devices, non-invasive electroceutical devices |
Application | arrhythmia, pain management, Parkinson disease, depression |
List of Competitors | Abbott, Cochlear Ltd., Medtronic, Biotronik, MED-EL, Oticon medical, Nevro corporation, Cefaly technology, EnteroMedics Inc., Second Sight Medical products, Sonova holding AG |
This chapter will help you gain GLOBAL Market Analysis of Electroceutical. Further deep in this chapter, you will be able to review Global Electroceutical Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Electroceutical. Further deep in this chapter, you will be able to review North America Electroceutical Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Electroceutical. Further deep in this chapter, you will be able to review Europe Electroceutical Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Electroceutical. Further deep in this chapter, you will be able to review Asia Pacific Electroceutical Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Electroceutical. Further deep in this chapter, you will be able to review South America Electroceutical Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Electroceutical. Further deep in this chapter, you will be able to review Middle East and Africa Electroceutical Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Electroceutical. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electroceutical market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why cardiac pacemaker have a significant impact on Electroceutical market? |
What are the key factors affecting the cardiac pacemaker and implantable cardioverter defibrillators of Electroceutical Market? |
What is the CAGR/Growth Rate of implantable electroceutical devices during the forecast period? |
By type, which segment accounted for largest share of the global Electroceutical Market? |
Which region is expected to dominate the global Electroceutical Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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