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Bioelectric Medicine Market Research Report by Product, Type, Application, End-User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

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    Report

  • 253 Pages
  • October 2022
  • Region: Global
  • 360iResearch™
  • ID: 5305551
UP TO OFF until Dec 31st 2022
The Global Bioelectric Medicine Market size was estimated at USD 18.97 billion in 2021, USD 21.25 billion in 2022, and is projected to grow at a CAGR of 12.18% to reach USD 37.83 billion by 2027.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Bioelectric Medicine to forecast the revenues and analyze the trends in each of the following sub-markets:
  • Based on Product, the market was studied across Cardiac Pacemakers, Cochlear Implants, Deep Brain Stimulators, Implantable Cardioverter Defibrillators, Sacral Nerve Stimulators, Spinal Cord Stimulators, Transcutaneous Electrical Nerve Stimulators, and Vagus Nerve Stimulators.
  • Based on Type, the market was studied across Implantable Electroceutical Devices and Noninvasive Electroceutical Devices.
  • Based on Application, the market was studied across Arrhythmia, Depression, Epilepsy, Pain management, Parkinson’s disease, Sensorineural hearing loss, Treatment-resistant depression, Tremor, and Urinary and fecal incontinence.
  • Based on End-User, the market was studied across Hospitals.
  • Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. The ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

The publisher continuously monitors and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Bioelectric Medicine market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Bioelectric Medicine Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Bioelectric Medicine Market, including Abbott, Biotronik, Boston Scientific, Cochlear Ltd., ElectroCore Inc., LivaNova PLC, Medtronic, Nevro Corp., Second Sight Medical Products, Inc., Siemens Healthineers AG, and Sonova.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Bioelectric Medicine Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Bioelectric Medicine Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Bioelectric Medicine Market?
4. What is the competitive strategic window for opportunities in the Global Bioelectric Medicine Market?
5. What are the technology trends and regulatory frameworks in the Global Bioelectric Medicine Market?
6. What is the market share of the leading vendors in the Global Bioelectric Medicine Market?
7. What modes and strategic moves are considered suitable for entering the Global Bioelectric Medicine Market?
Frequently Asked Questions about the Global Bioelectric Medicine Market

What is the estimated value of the Global Bioelectric Medicine Market?

The Global Bioelectric Medicine Market was estimated to be valued at $18.97 Billion in 2021.

What is the growth rate of the Global Bioelectric Medicine Market?

The growth rate of the Global Bioelectric Medicine Market is 12.1%, with an estimated value of $37.83 Billion by 2027.

What is the forecasted size of the Global Bioelectric Medicine Market?

The Global Bioelectric Medicine Market is estimated to be worth $37.83 Billion by 2027.

Who are the key companies in the Global Bioelectric Medicine Market?

Key companies in the Global Bioelectric Medicine Market include Abbott, Biotronik, Boston Scientific, Cochlear Ltd., ElectroCore Inc., LivaNova PLC, Medtronic, Nevro Corp. and Siemens Healthineers AG.

Table of Contents

FIGURE 1. GLOBAL BIOELECTRIC MEDICINE MARKET: RESEARCH PROCESS
FIGURE 2. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, 2021 VS 2027
FIGURE 3. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 4. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY REGION, 2021 VS 2027 (%)
FIGURE 5. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY REGION, 2021 VS 2027 (USD BILLION)
FIGURE 6. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY REGION, 2027
FIGURE 7. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 8. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD BILLION)
FIGURE 9. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 10. GLOBAL BIOELECTRIC MEDICINE MARKET DYNAMICS
FIGURE 11. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY PRODUCT, 2021 VS 2027 (%)
FIGURE 12. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY PRODUCT, 2021 VS 2027 (USD BILLION)
FIGURE 13. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY PRODUCT, 2027
FIGURE 14. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY CARDIAC PACEMAKERS, 2018-2027 (USD BILLION)
FIGURE 15. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY COCHLEAR IMPLANTS, 2018-2027 (USD BILLION)
FIGURE 16. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY DEEP BRAIN STIMULATORS, 2018-2027 (USD BILLION)
FIGURE 17. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY IMPLANTABLE CARDIOVERTER DEFIBRILLATORS, 2018-2027 (USD BILLION)
FIGURE 18. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY SACRAL NERVE STIMULATORS, 2018-2027 (USD BILLION)
FIGURE 19. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY SPINAL CORD STIMULATORS, 2018-2027 (USD BILLION)
FIGURE 20. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY TRANSCUTANEOUS ELECTRICAL NERVE STIMULATORS, 2018-2027 (USD BILLION)
FIGURE 21. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY VAGUS NERVE STIMULATORS, 2018-2027 (USD BILLION)
FIGURE 22. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY TYPE, 2021 VS 2027 (%)
FIGURE 23. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY TYPE, 2021 VS 2027 (USD BILLION)
FIGURE 24. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY TYPE, 2027
FIGURE 25. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY IMPLANTABLE ELECTROCEUTICAL DEVICES, 2018-2027 (USD BILLION)
FIGURE 26. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY NONINVASIVE ELECTROCEUTICAL DEVICES, 2018-2027 (USD BILLION)
FIGURE 27. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY APPLICATION, 2021 VS 2027 (%)
FIGURE 28. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY APPLICATION, 2021 VS 2027 (USD BILLION)
FIGURE 29. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY APPLICATION, 2027
FIGURE 30. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY ARRHYTHMIA, 2018-2027 (USD BILLION)
FIGURE 31. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY DEPRESSION, 2018-2027 (USD BILLION)
FIGURE 32. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY EPILEPSY, 2018-2027 (USD BILLION)
FIGURE 33. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY PAIN MANAGEMENT, 2018-2027 (USD BILLION)
FIGURE 34. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY PARKINSON’S DISEASE, 2018-2027 (USD BILLION)
FIGURE 35. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY SENSORINEURAL HEARING LOSS, 2018-2027 (USD BILLION)
FIGURE 36. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY TREATMENT-RESISTANT DEPRESSION, 2018-2027 (USD BILLION)
FIGURE 37. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY TREMOR, 2018-2027 (USD BILLION)
FIGURE 38. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY URINARY AND FECAL INCONTINENCE, 2018-2027 (USD BILLION)
FIGURE 39. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY END-USER, 2021 VS 2027 (%)
FIGURE 40. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY END-USER, 2021 VS 2027 (USD BILLION)
FIGURE 41. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY END-USER, 2027
FIGURE 42. GLOBAL BIOELECTRIC MEDICINE MARKET SIZE, BY HOSPITALS, 2018-2027 (USD BILLION)
FIGURE 43. AMERICAS BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 44. AMERICAS BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 45. AMERICAS BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD BILLION)
FIGURE 46. AMERICAS BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 47. ARGENTINA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 48. BRAZIL BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 49. CANADA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 50. MEXICO BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 51. UNITED STATES BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 52. UNITED STATES BIOELECTRIC MEDICINE MARKET SIZE, BY STATE, 2021 VS 2027 (%)
FIGURE 53. UNITED STATES BIOELECTRIC MEDICINE MARKET SIZE, BY STATE, 2021 VS 2027 (USD BILLION)
FIGURE 54. UNITED STATES BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY STATE, 2027
FIGURE 55. ASIA-PACIFIC BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 56. ASIA-PACIFIC BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 57. ASIA-PACIFIC BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD BILLION)
FIGURE 58. ASIA-PACIFIC BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 59. AUSTRALIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 60. CHINA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 61. INDIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 62. INDONESIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 63. JAPAN BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 64. MALAYSIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 65. PHILIPPINES BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 66. SINGAPORE BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 67. SOUTH KOREA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 68. TAIWAN BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 69. THAILAND BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 70. VIETNAM BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 71. EUROPE, MIDDLE EAST & AFRICA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 72. EUROPE, MIDDLE EAST & AFRICA BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 73. EUROPE, MIDDLE EAST & AFRICA BIOELECTRIC MEDICINE MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD BILLION)
FIGURE 74. EUROPE, MIDDLE EAST & AFRICA BIOELECTRIC MEDICINE MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 75. DENMARK BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 76. EGYPT BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 77. FINLAND BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 78. FRANCE BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 79. GERMANY BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 80. ISRAEL BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 81. ITALY BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 82. NETHERLANDS BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 83. NIGERIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 84. NORWAY BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 85. POLAND BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 86. QATAR BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 87. RUSSIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 88. SAUDI ARABIA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 89. SOUTH AFRICA BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 90. SPAIN BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 91. SWEDEN BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 92. SWITZERLAND BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 93. TURKEY BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 94. UNITED ARAB EMIRATES BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 95. UNITED KINGDOM BIOELECTRIC MEDICINE MARKET SIZE, 2018-2027 (USD BILLION)
FIGURE 96. GLOBAL BIOELECTRIC MEDICINE MARKET: FPNV POSITIONING MATRIX, 2021
FIGURE 97. GLOBAL BIOELECTRIC MEDICINE MARKET SHARE, BY KEY PLAYER, 2021
FIGURE 98. GLOBAL BIOELECTRIC MEDICINE MARKET COMPETITIVE SCENARIO, BY KEY TYPE, 2021

Companies Mentioned

  • Abbott
  • Biotronik
  • Boston Scientific
  • Cochlear Ltd.
  • ElectroCore Inc.
  • LivaNova PLC
  • Medtronic
  • Nevro Corp.
  • Second Sight Medical Products, Inc.
  • Siemens Healthineers AG
  • Sonova

Methodology

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